Latest news
Eni finds about 15 billion cubic meters of gas in Egypt
Italy's Eni has found gas reserves of approximately 15 billion cubic metres in Egypt's Nile Delta region, with production ready to begin in two months, as stated by the Egyptian oil ministry on Monday.
read more... 21/07/2015
Statoil will launch world’s first subsea gas compressor in September
Norway's Statoil intends to commission in September the world's first subsea gas compression facility, a technology that could prove essential for oil companies since they aim to move offshore equipment to the seabed, away from ice and storms.
read more... 21/07/2015
Poland reduces PGNiG’s gas prices for companies by about 5.1%
Poland's energy market regulator URE declared on Friday it has decided to reduce leading gas distributor PGNiG's tariffs of high-methane gas for commercial end consumers by 5.1 percent and for wholesale users by 4.7 percent.
read more... 20/07/2015
UK government sets out new rules for shale gas fracking in protected areas
The UK government has unveiled areas to be excluded from underground fracking activities, while a DECC’S new draft regulations has identified certain areas including national parks, areas of outstanding national beauty, the broads and world heritage sites, where hydraulic fracking will be permitted only below 1,200m, to preserve groundwater. Drinking water is not normally found below 400m.
read more... 20/07/2015
Daily: Crude oil prices diverge, but both contracts register third weekly loss
Brent crude boosted and WTI futures declined on Friday in choppy trading as higher imports outlook from Iran slashed prices and dragged down by contracts to their third consecutive weekly losses. Brent crude for September delivery rose by 18 cents to close at $57.10 a barrel, off nearly 3 percent for the week and more than 10 percent for the month. Brent's August contract expired on Thursday. U.S. crude for August delivery dropped by only 2 cents to settle at $50.89, down more than 3 percent this week and more than 14 percent in July. The August contract expires on July 21.
read more... 20/07/2015