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RWE debates with Government on new nuclear plants in UK.

German utility RWE will propose another offer concerning the construction of nuclear plants at its UK areas in Cumbria, after the government has classified some of its sites inappropriate.

read more... 05/11/2010

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Melrose starts gas production in Bulgaria.

UK oil and gas explorer Melrose Resources has started its natural gas production in Bulgaria, exploration that could meet around15% of Bulgarian annual domestic gas consumption.

read more... 05/11/2010

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Exxon Mobil and Total have resumed their activities in France.

The strike at 12 oil refineries and at the France's two largest ports ended on Friday. French oil sector posted 230 million Euros losses because of the strike.

read more... 05/11/2010

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Daily Market Update, Thursday, November 04, 2010

Oil was up on Thursday for a fourth day, after the dollar dropped following a U.S. Federal Reserve decision to inject more money into U.S. economy, world's top oil consumer. At 11:20 GMT, U.S. crude for December increased at $85.66 per barrel, while ICE Brent climbed to $87.26 per barrel.

read more... 05/11/2010

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Statoil delayed its planned output increase by 2012.

Norway's Statoil decreased its 2010 oil and gas production target on Wednesday, after heavy maintenance work in the third quarter that affected its earnings and casted doubt on its plans to increase the output to 14% by 2012.

read more... 04/11/2010

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