Latest news
Scottish oil and gas tech start-up obtains £1.5 million
A start-up company based in An Aberdeen has won funding estimated at £1.5 million to develop new technology for the oil and gas industry.
read more... 12/03/2015
Daily: Brent crude jumps, WTI eases, extending gap after inventories record high in the United States
Benchmark Brent oil increased by 2 percent on Wednesday, recovering from a one-month low and extending its gap to WTI crude, which settled slightly down after a new record high for oil stockpiles in the United States. Brent crude for front-month delivery boosted $1.15 to close at $57.54 a barrel, rebounding from a one-month low under $56. Much of the gains came in the last hour of trade, when Brent rocketed almost 70 cents within seven minutes. U.S. crude for April delivery lost 12 cents to close at $48.17.
read more... 12/03/2015
Golar LNG, Rosneft associate will produce floating LNG
Norway-based shipping firm Golar LNG and Russian oil company Rosneft have entered into a deal to build up floating LNG production.
read more... 11/03/2015
Daily: British spot gas prices ease on robust supply from Norway, weaker exports to the continent
Crude oil plunged on Tuesday, dragged down sharply by a rallying dollar, with Brent declining more than WTI as traders took profits on recent highs in Brent’s premium. Brent crude closed at $58.39 a barrel, down $2.14, and U.S. crude settled at $48.29, slipping $1.71.
read more... 11/03/2015
Daily: European spot power prices mixed on stronger wind output in Germany, colder weather in France
Brent crude prices declined 2 percent on Monday, dragged down by European Central Bank bond-buying, while U.S. crude boosted 1 percent on a smaller-than-expected increase in stockpiles at the main oil hub at Cushing, Oklahoma, driving to a narrowing gap between the two benchmarks. Brent decreased $1.20, or 2 percent, to settle at $58.53 a barrel, while U.S. crude rose by 39 cents, or 0.8 percent, to close at $50.
read more... 10/03/2015