Latest news
BP plans to make a $1.5 billion investment in Egypt in 2014
BP aims to make a $1.5 billion investment in 2014 to raise its natural gas production in Egypt, affected by an energy crisis after three years of political chaos, according to the state news agency MENA on Sunday.
read more... 12/05/2014
Climate rules may possibly put at risk oil investment of about $1.1 trillion
Investors might pay out almost $1.1 trillion over the next decade on oil projects and assets that never achieve production if governments implement measures to reduce climate change, according to a report released on Thursday by Carbon Tracker Initiative.
read more... 09/05/2014
Romanian PM: No shale gas production in the next 5 years
Despite the fact that Romanian shale gas sector is its early stages, with the American oil giant Chevron having started the exploration of shale gas, Romanian Prime Minster Victor Ponta declared on Thursday that Romania will not exploit shale gas at least in the next five years.
read more... 30/04/2014
Norway: cut in gas exports lower than expected
On Wednesday, work at a gas field off Norway should start, leading to a cut in production of 18 million cubic metres per day rather than an expected 26 mcm per day, as published by the gas system operator Gassco on its website.
read more... 23/04/2014
Shell abandons innovative Norwegian Subsea gas project
Royal Dutch Shell has abandoned one of Norway's major and most modern industrial projects because of increasing costs and intricacy, facing a blow to equipment expected to develop offshore production.
read more... 14/04/2014