Latest news
Shell makes the second gas discovery offshore Malaysia
European oil giant Royal Dutch Shell unveiled another deep-water gas discovery off the coast of Malaysia. The well Marjoram-1 is located in Block SK318, 180 kilometers off the Malaysia coast and is at a water depth of 800 meters.
read more... 28/08/2014
Germany approved sale of $6.9 billion RWE oil and gas division to Russian investor
Germany's economy ministry approved the vending of utility RWE's oil and gas division DEA to a Russian investor in spite of conflicts between Russia and the West over the Ukraine crisis.
read more... 25/08/2014
Lithuania signs first LNG procurement agreement with Statoil
Lithuania signed its first liquefied natural gas acquisition accord with Norway's Statoil on Thursday, aiding the country to diminish its total reliance on Russian supplies.
read more... 22/08/2014
Ukraine prepared for temporary compromise price for Russian gas
Ukraine is ready to pay a short-term compromise price for Russian gas, criticizing Russia's Gazprom for being reluctant to negotiate, as stated on Tuesday by the country’s energy ministry.
read more... 20/08/2014
South Stream venture in Bulgaria augments capital regardless of ban
The company intending to build a segment of the notorious South Stream natural gas pipeline in Bulgaria has increased capital, disobeying an order to stop preparations for the project, according to the declaration of the economy ministry on Tuesday.
read more... 20/08/2014