Latest news
Ineos intends to invest $1 billion in UK shale gas
Swiss chemicals group Ineos announced on Thursday about its intention to spend $1 billion for shale gas exploration in Britain, aiming to follow the U.S. shale expansion in one of few European countries to support contentious fracking technology.
read more... 21/11/2014
Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014
Shell to return to Norway’s Ormen Lange gas project in the first quarter of 2016
Oil and gas giant Royal Dutch Shell might resume operations on offshore compression at its Ormen Lange gas field in Norway in the first quarter of 2016, after quitting the project in April, as stated by the company on Wednesday.
read more... 20/11/2014
Hungary: South Stream pipeline – the single way to guarantee gas supply
Hungary plans to initiate the construction of its stretch of the South Stream gas pipeline backed by Russia next year in spite of European and U.S. resistance since it considers the project as the single way to guarantee supply, as stated by a senior government representative.
read more... 20/11/2014
Italian energy company Eni develops its operations in gas-rich Turkmenistan
Italian oil and gas most important company Eni has accepted a succession of agreements with Turkmenistan to develop its activities in the gas-rich nation since it turns raising attention eastwards to spur expansion.
read more... 19/11/2014