Latest news
Italy intends to increase oil production
It is thought that Italy could hold Europe’s biggest onshore crude oil fields. The priority for Italy’s government is to re-launch an economy that’s shrunk and where more than 35 % of young people are unemployed.
read more... 13/01/2014
Daily: British prompt gas prices decline on higher temperature forecasts
Crude oil settled higher on Friday, reversing two days of losses, as traders purchased contracts to cover short positions ahead of the weekend and reports of production issues at a major oil field in the UK kept supply concerns.
read more... 13/01/2014
Gazprom and Wintershall sign basic agreement on asset swap
Gazprom and Wintershall have signed an agreement regarding the asset swap between the two companies. The world’s largest gas producer acquired 50% shares in UK and Dutch gas fields operated by Wintershall, as part of a Master Agreement to exchange assets with the German firm.
read more... 30/12/2013
New oil and gas discovery for Eni in the Norwegian Barents Sea
The Italian company has announced in a press release that it has made a new oil and gas discovery in the Norwegian Barents Sea. The discovery is about 240 km from Hammerfest, and the company said that the well has confirmed good quality oil and gas, with volumes of recoverable oil estimated at between 20 and 50 million barrels. The discovery is part of Eni’s joint venture exploration activity to develop the Johan Castberg field.
read more... 10/12/2013
Russian Novatek launches gas production at Urengoyskoye field
Russian independent natural gas producer Novatek unveiled it begun the production at the Urengoyskoye field at company’s Olimpiysky license block, in the Yamalo-Nenets region.
read more... 28/10/2013