Latest news
Daily: British gas prices drop on Norwegian overabundant supplies
Brent crude oil futures dropped on Wednesday on fading concerns that international sanctions over Russia will have an impact on oil supplies, while U.S. crude oil boosted ahead of the contract's expiration and on stockpiles draw at the oil hub in Cushing, Oklahoma.
read more... 20/03/2014
Gazprom intends to make contract adjustments so as to keep European customers
Russia’s major natural gas producer Gazprom plans to make modifications to contracts so as to preserve its European clients in spite of western sanctions on Russia over Ukraine, as stated in the newspaper Vedomosti on Monday.
read more... 18/03/2014
TOTAL: 2012 North Sea gas leak might be subject to legal proceedings
British authorities are expected to initiate legal action against Total energy group over a significant gas leak at a North Sea oil rig in 2012, according to the declaration of the French company on Sunday.
read more... 17/03/2014
RWE: oil and gas division likely to be sold to group managed by Russia’s Fridman
RWE, the indebted German utility, intends to sell its oil and gas output division DEA to a group of investors managed by Mikhail Fridman, the Russian magnate. The arm is estimated at almost 5.1 billion euros (or $7.10 billion), counting the debt.
read more... 17/03/2014
Latvia: gas unbundling rescheduled until April 2017
On Thursday, Latvia’s plan to separate Latvijas Gaze business has been delayed by the parliament until April 2017, after the gas utility, owned in proportion of about one third by Russia’s Gazprom, threatened to file a suit.
read more... 14/03/2014