Latest news
Cyprus: natural gas drilling is likely to continue despite Turkish threats
The Greek Cypriot government promised that extraction and drilling of natural gas offshore Cyprus will continue, even though Turkey has threatened to block these operations since it thinks the energy assets partly belong to Turkish Cypriots.
read more... 25/02/2014
France: CRE is looking for measures to reduce tensions on French gas market
French energy regulator CRE launched this week a public consultation with industrial players envisaging temporary measures and solutions aiming to curb the wholesale gas price gap between the north and the south of France, before the establishment of a unified market in 2018.
read more... 20/02/2014
Eni has made an important oil and gas discovery in Congo
Italian oil and gas company Eni has made an important oil and gas discovery in the Marine XII block located about 17 km offshore Congo, at the Nene Marine 3 well. According to the company, the field where the well is sited might contain about 1.2 billion barrels of oil and 30 billion cubic metres of gas in place.
read more... 19/02/2014
China: huge shale gas well was discovered
China has announced last week that its top refiner Sinopec Corp has discovered a shale gas well in the Guizhou Province in the southwestern part of the country. Located at a depth of 4,417 metres, the well is thought to be the deepest discovery and is likely to have a maximum daily output of 105,000 cubic meters, while the nation’s Ministry of Land and Resources said the gas well is expected to have an average daily output of 43,000 cubic metres.
read more... 17/02/2014
Russia to increase its oil and gas production
Deputy Energy Minister, Kirill Molodtsov, declared that Russia is likely to increase its oil production by 0.3% to 525 million tons in 2014, about 10.54 million barrels per day, which could be the highest level Russia has attained since the collapse of the Soviet Union. The significant growth was attributed to changes in tax law, which has stimulated development of new fields and hard-to-recover reserves.
read more... 14/02/2014