Cyprus has obtained four offers to provide the island with natural gas, a provisional solution for electricity generation before its own reserves appear, as stated on Monday by state company DEFA.
read more... 15/04/2014
Royal Dutch Shell has abandoned one of Norway's major and most modern industrial projects because of increasing costs and intricacy, facing a blow to equipment expected to develop offshore production.
read more... 14/04/2014
A new gas and oil discovery has been made by Norwegian oil major Statoil in the northern part of the North Sea, about 10 kilometers of the Valemon gas and condensate field presently under development, as stated by the company on Friday. It is the second substantial finding off Norway in two days.
read more... 14/04/2014
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
Driven by Ukraine crisis, the Baltic States accelerated plans to increase its liquefied natural gas (LNG) imports, with the hope to radically reduce Moscow's grip on the region's supply.
read more... 11/04/2014