Latest news
Oil giant BP could face 29 million dollars fine
The Federal Energy Regulatory Commission proposed to fine oil giant BP Plc with fines of about 29 million dollars and has ordered to BP to respond to accusations of natural gas market at the Houston Ship Channel manipulation, from mid-September to November in 2008, in a way designed to increase the value of the company’s financial position. The claims followed an investigation by officials from the regulator’s Office of Enforcement (OE). The allegations date back in 2011.
read more... 06/08/2013
France: Hollande faces pressure to overturn shale gas policy
Tension continues to intensify on the French President François Hollande to overturn his policy on shale gas exploration.
read more... 06/08/2013
Gazprom’s gas deliveries to Europe boost by 29% in July
The Russian gas giant Gazprom boosted its gas exports to European Union and Turkey in July, an increase of 29% to 14.04 billion cubic metres (bcm) compared to the same period a year ago.
read more... 05/08/2013
Poland will not apply taxes on shale gas production by 2020
After several foreign companies, as Exxon Mobil, Canada’s Talisman Energy and US oil firm Marathon, quit the Polish market in the past few months, the finance minister, Jacek Rostowski, has announced that Poland will not tax shale gas production until 2020 and will improve regulation, in a move which aims to attract energy explorers.
read more... 02/08/2013
China has started importing gas from Myanmar
The China-Myanmar pipeline has started delivering natural gas to China, aiming to reduce the country’s reliance on shipping through the Strait of Malacca and will help to diversify its energy imports.
read more... 01/08/2013