Latest news
South Stream gas transaction between Russia and Greece
On June 7, Greece's natural gas grid operator DESFA and Russia's Gazprom will sign an agreement in Moscow in order to construct the Greek section of the natural gas pipeline project, South Stream, led by Russia, estimated at 1 billion euros, according to an official’s statement on Monday.
read more... 25/05/2010
Total and ERG merger is approved by EU
French most important oil company Total and its Italian counterpart ERG Petroleum, had received UE’s permission for their merger in refining and marketing fields, which will take place in Italy.
read more... 24/05/2010
The euro coal price dropped by $1.50 per ton
FOB South African and Europe prices for delivered coal cargoes dropped by nearly $1.50 per ton on Wednesday, due to weak oil and power.
read more... 20/05/2010
Oil swings near $68 on high stocks worries
Oil swings near $68, after registering a seven-month low on Wednesday, the third decrease this week, as consequence of increasing U.S. crude stocks, influenced by stricter financial regulation in the U.S. and implications of Europe debt crisis on most commodities.
read more... 19/05/2010
Enel searches new opportunities in Egypt
Egypt's Ministry of Petroleum and Enel, Italy's biggest oil and gas utility, agreed on Tuesday on a deal regarding Enel’s oil and gas exploration in Egypt, in order to expand and to increase its resource supplies.
read more... 19/05/2010