Latest news
Shell intends to invest 1 billion dollars annually in China gas projects
Royal Dutch Shell Plc, Europe's largest oil company, is set to invest about 1 billion dollars per year in its upstream businesses in China starting from this year, as a response to the country’s surging natural gas consumption, which is expected to rise to 230 billion cubic meters by 2015, announced on Tuesday Peter Voser, the company's chief executive officer.
read more... 21/11/2012
Statoil and Wintershall sign a gas supply contract
Norwegian company Statoil, which states to be the second largest supplier of gas to Europe has signed a gas supply agreement with Germany’s Wintershall for the delivery of about 45 billion cubic meters (bcm) of natural gas to the German and other North-West European markets.
read more... 20/11/2012
Statoil shuts Troll C platform, hitting 120,000 barrels per day oil output
Norwegian energy giant Statoil has recently shut its significant Troll C oil and gas platform in the North Sea because of corrosion found in the auxiliary system for gas treatment, slashing Norway’s oil production by around 8 percent.
read more... 16/11/2012
Daily: Europe power spot increases on approaching cold spell
Brent and U.S crude oil prices increased more than 1.0 percent to $110 a barrel on Wednesday, rebounding from a two-day decline after Israel launched an offensive against Palestinian militants in Gaza, increasing fears about tensions in the Middle East disrupting supplies.
read more... 15/11/2012
Daily: Brent and U.S. crude end lower on economic concerns
Brent and U.S. crude oil futures declined on Monday, after settling higher the two previous sessions, dragged down by worries about U.S. fiscal problems, euro zone debt and weak Japanese GDP data showing positive signs of improving Chinese oil demand and by geopolitical fears caused by Middle East violence.
read more... 13/11/2012