Latest news
India mulls the reduction of LNG customs duty to 2.5%
India has decided to reduce the duty on LNG imports to 2.5% from 5% to encourage the use of natural gas in the country, finance minister Arun Jaitley said while presenting his federal budget for fiscal 2017-2018 Wednesday.
read more... 07/02/2017
Statoil discovers a new promising site for gas in the North Sea
Statoil has found a promising site for new gas in the North Sea’s Valemon field.
read more... 07/02/2017
Daily (07.02.2017): Brent and WTI crude at lowest level since Jan. 31
Crude oil prices tumbled on Monday as robust U.S. supplies and excess speculative length offset OPEC output reductions and mounting tensions between the United States and Iran.
read more... 07/02/2017
Dong targets to phase out coal-fired electricity generation by 2023
Dong is already the world’s largest offshore wind farm company, constructing over a quarter of the capacity installed worldwide. It intends to offload its operations concentrated on oil exploration and production later this year, after pulling off one of the biggest stock market listings in 2016.
read more... 06/02/2017
Daily (06.02.2017): Oil price rises on Iran fresh sanctions by the U.S.
Crude oil prices boosted on Friday after the U.S. president Trump imposed fresh sanctions on a raft of individuals and companies in response to Iran’s test-firing a ballistic rocket last week.
read more... 06/02/2017