Latest news
BP: investment of $12 billion in Egypt over 5 years, expand gas supplies
British oil giant BP intends to make an investment over $12 billion in Egypt over the next five years, and to double its gas supplies to the domestic market in the next decade, as stated by the country director of BP Egypt on Tuesday.
read more... 10/12/2014
Russia’s Gazprom to institute new firm for gas pipeline to Turkey
Russian state gas group Gazprom declared on Monday it would establish a company to construct a gas pipeline to Turkey, days after President Vladimir Putin made known the new project.
read more... 09/12/2014
Estonia purchases first gas from Lithuania, bypassing Russia
Estonia obtained its first natural gas from Lithuania, through Latvia, last week in a move which diminishes its energy reliance on Russia, as stated by Latvia's gas grid operator Latvijas Gaze on Monday.
read more... 09/12/2014
Egdon and Scottish Power decided to move ahead with the UK shale gas project
Scottish Power, possessed by Spain's Iberdrola, and Egdon Resources have agreed to continue with a joint project to discover and increase shale gas in Britain, after seismic information showed the potential for reserves.
read more... 08/12/2014
British government pledges cutting tax burdens on oil, gas
The British government pledged trimming tax rates in the UK North Sea oil and gas sector to help reduce escalating costs.
read more... 05/12/2014