Latest news
Chevron to sign a shale gas agreement with Ukraine
Ukraine has inked a draft production agreement for shale natural gas with US energy company Chevron.
read more... 08/10/2013
Beijing to substitute four coal-burning heating plants
China has announced that it intends to replace four coal-burning heating plants in Beijing by the end of 2014, as it is trying to clean up pollution. The four plants and some 40 other similar projects would cost about 48 billion yuan and is likely to reduce sulphur dioxide emissions by 10,000 tonnes and could produce something like 7.2 GW of power fueled by natural gas.
read more... 07/10/2013
Noble Energy unveils gas discovery offshore Cyprus
Noble Energy, Texas-based energy company, unveiled it has discovered a deposit of natural gas at the Levant basin off the coast of Cyprus.
read more... 07/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
The U.S to become the world’s largest producer of oil and gas
According to a Wall Street Journal analysis, the United States will become the world's largest producer of oil and natural gas by the end of 2017 surpassing Russia. This could happen thanks to a boost in US fuel production determined by technology which will allow energy companies to tap into oil and gas in underground shale rock formations.
read more... 04/10/2013