Latest news
China increased its imports of natural gas in 2013
China’s natural gas imports have been boosted in latest years as a result of growing demand, since the country is trying to decrease its fossil fuel consumption and improve air quality. China saw its total volumes of imported natural gas increasing by 25 % year on year in 2013.
read more... 04/02/2014
Cuadrilla boss: UK needs at least five years and up to 40 fracking wells to assess shale gas potential
UK shale gas industry will need at least five years and up to 40 fracking wells to be drilled in order to assess its potential, according to Lord Browne, the chairman of Cuadrilla company.
read more... 03/02/2014
Daily: British gas prices near winter lows amid weak demand, ample supplies
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
UK registered a 44% increase in its oil fields in the North Sea
According to a new report by Deloitte's Petroleum Services Group (PSG) the number of fields which started producing oil and gas in the UK, last year hit its highest level in five years, as a number of operators have done more attention on development activity.
read more... 29/01/2014
Algeria is likely to increase oil and gas production
Algeria is aiming to increase its oil and natural gas production by 50% and 100 percent respectively within 10 years helped by major exploration success last year and by shale gas which would have an important role to achieve the ambitious plan. The minister projected Algeria's recoverable reserves at between 25 and 30 trillion cubic feet.
read more... 29/01/2014