Latest news
Bulgaria to cooperate with Gazprom on South Stream Project execution
The South Stream gas pipeline remains a project of strategic importance for Bulgaria, as the pipeline is intended to bring Siberian gas to Europe under the Black Sea. The project is set to be the main pipeline to southern Europe, as the competing Nabucco pipeline project, that was privileged by the European Union, failed at the tender stage. South Stream is expected to transport about 63 billion cubic meters of gas.
read more... 10/07/2013
Poland rethinks its strategy for shale gas production
Doubts over the scale of Poland's shale gas reserves surfaced last June after ExxonMobil announced plans to cease exploration, citing disappointing test drilling results. The withdrawal of two more multinationals - Talisman Energy of Canada and U.S. oil giant Marathon - has cast significant doubts over the viability of shale gas in Poland.
read more... 09/07/2013
Daily: British gas edges up on colder weather forecast, drop in imports from Norway
Brent crude oil dropped on Monday following news that Libya’s major Sharara oilfield and an Iraqi pipeline will resume operations, easing concerns about global oil supplies after an early hike to a three-month high above $108 a barrel on continuing unrest in Egypt.
read more... 09/07/2013
Poland’s shale gas hopes fade on bureaucracy
Polish dream of a possible shale gas bonanza started to fade as investors are complaining that the bureaucracy is impeding commercial output to start.
read more... 08/07/2013
Daily: British spot gas prices trade higher on weaker LNG delivery
Crude oil futures traded higher on Monday, the first day of the third quarter, with gains in U.S. crude surpassing the rest of the oil complex and driving the U.S. contract’s discount to Brent to a 2-1/2 year low amid a broad commodities hike. Brent crude for August traded 84 cents higher at $103.00 a barrel. U.S. crude settled up $1.43 at $97.99, quitting the spread at $5.01.
read more... 02/07/2013