China’s energy conglomerate CNOOC is considering the possibility of erecting a floating liquefied natural gas (FLNG) vessel, a revolutionary technology that will be able to produce gas from the deep waters of the South China Sea.
read more... 17/07/2014
U.S. crude oil recovered more than $1 on Wednesday, rebounding from recent straight falls after government data showed the country's crude inventories dipped considerably previous week. U.S. crude for August delivery rose by $1.24 to close at $101.20 a barrel, the highest level since July 10. The European benchmark, Brent contract for August delivery, which expired on Wednesday, fell 17 cents to settle at $105.85 a barrel. Brent price for September delivery augmented 29 cents ending at $107.17.
read more... 17/07/2014
The U.S. has unveiled a new row of sanctions on Russia concerning the troubles in the Ukraine, this time hitting the Russian oil giant Rosneft, its second major gas producer Novatek and its third largest bank Gazprombank. These are the most austere U.S. sanction yet imposed on Russia.
read more... 17/07/2014
Iran and Russia, two of the world’s largest holders of natural gas, have decided to boost cooperation in the sector.
read more... 16/07/2014
Gazprom’s natural gas prices under long-term contracts with European countries are expected to be curbed by 17% to $320 per 1,000 cubic meters by 2017 thanks to gas supply diversification, including shale gas production, according to the declarations made by a representative of Russia’s Economic Development Ministry.
read more... 15/07/2014