Latest news
Total aims to have 8 percent of French B2B power market
Total Energie Gaz, a unit of oil and gas major Total, declared on Tuesday that it had entered the French business-to-business retail power market with the intention of seizing several eight percent of the market within 10 years.
read more... 30/09/2015
Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
France will increase contribution to climate change funding to 5 billion euros
France will raise its contribution to aiding developing countries tackle climate change from 3 billion euros to five billion euros, as stated by President Francois Hollande on Monday.
read more... 29/09/2015
Daily: Crude oil prices down 3% amid tumbling equities on Wall Street
Crude oil prices lost nearly by 3 percent on Monday, dragged down by declining equities on Wall Street and pessimistic economic data, even if an expected drawdown in crude inventories at the main U.S. storage hub was likely to curb losses. WTI crude fell 2.8 percent to settle at $44.43 a barrel. Brent crude futures shed $1.18, or 2.5 percent to close $48 a barrel.
read more... 29/09/2015
Shah Deniz field produced 64 billion cubic meters of gas during first phase of development
Energy-rich Azerbaijan extracted from its Shah Deniz field 64 billion cubic meters of gas from the commencing date of this project to September 1, 2015, according to the First Vice President of State Oil Company of Azerbaijan Republic (SOCAR) in Geology Geophysics & Field Development Issues, Khoshbakht Yusifzade.
read more... 29/09/2015