Oil and gas production from the British North Sea is likely to recover for the first time in 15 years, despite plummeting oil prices and a persistent supply glut.
read more... 04/08/2015
Egypt’s planning ministry unveiled it envisages importing 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16.
read more... 04/08/2015
Crude oil prices declined 5 percent on Monday to hit their weakest level since January, dragging down global benchmark Brent below $50 a barrel as weak factory activity in China dipped a commodity-wide rout. Brent crude closed down $2.69, or 5.2 percent, to touch $49.52 a barrel. U.S. crude dropped $1.95, or 4.1 percent, to hit $45.17, just about $3 above its 2015 bottom.
read more... 04/08/2015
Russian Energy Minister Alexander Novak has unveiled that Russian state-run company Gazprom and Turkish state-owned pipeline firm BOTAS have agreed on a 10.25 percent discount concerning natural gas prices, adding that it still in negotiations with Ankara on TurkStream pipeline.
read more... 03/08/2015
Wintershall, a branch of BASF, has inked a memorandum of understanding (MoU) with Gazprom as it intends to participate in the €2.5bn Nord Stream pipeline expansion project.
read more... 03/08/2015