Latest news
Total sells 25% stake in Tempa Rossa oil field
France-based multinational oil and gas company Total, has decided to sell a 25 % stake in the Tempa Rossa oil field, which is situated in the Basilicata region of southern Italy, to Mitsui E&P Italia. Total, which has discovered the Tempa Rossa oil field in 1989, and has operated the concession since 2002, will remain operator of Tempa Rossa with a 50% stake.
read more... 20/03/2013
Daily: UK spot gas prices remain high on cold weather, tight system
Brent crude oil futures dropped 2 percent to a three-month low under $108 a barrel on Tuesday on uncertain bailout plan in Cyprus which increased worries about the euro zone debt crisis.
read more... 20/03/2013
Daily: Brent crude futures drop on Cyprus bailout plan
Front-month Brent crude oil futures dropped 31cents to settle at $109.51 a barrel on Monday after an unusual bank bailout proposal for Cyprus threatened to cause new economic turbulence in the euro zone. Meanwhile, U.S. crude oil futures for April delivery inched up 29 cents a barrel on Monday to settle at $93.74, recovering from early losses triggered by worries about the Cyprus bailout plan.
read more... 19/03/2013
Eni hits another oil discovery in Angola
Eni, the Italian oil and gas company unveiled its ninth oil discovery in Block 15/06, in deep water offshore Angola, boosting the resource base at West Hub project.
read more... 19/03/2013
Daily: European spot power down on uncertain weather forecast
Brent crude continued to rise by more than $1 per barrel on Friday to over $110 per barrel, backed by strong U.S. jobs data and Middle East supply worries, while U.S. crude oil futures increased by 42 on Friday to settle at $93.45 a barrel.
read more... 18/03/2013