Azeri state energy firm SOCAR could diminish its stake in the multi-billion dollar Trans-Anatolian natural gas pipeline project (TANAP), intended to decrease Europe's dependence on Russian gas, according to SOCAR's president.
read more... 03/06/2014
Spanish power firm Iberdrola declared on Friday it had signed with Cheniere Energy Inc a liquefied natural gas (LNG) sale and acquisition deal estimated at $5.6 billion for a period of 20 years.
read more... 02/06/2014
Turkey's state-controlled oil company Turkish Petroleum Corp (TPAO) has decided to buy 10 percent stake of the French energy firm Total in Azerbaijan's Shah Deniz gas project, as declared on Thursday by two sources familiar with the matter.
read more... 30/05/2014
Brent crude increased on Thursday, spurred by weak output in Libya and crisis in Ukraine, while WTI crude prices boosted on a considerable drawdown in gasoline that offset an increase in overall crude stocks.
read more... 30/05/2014
Brent futures slightly increased on Thursday, holding near $110 a barrel amid expectations of higher demand from top oil consumer the United States since a sharp decline in the country's gasoline stocks added to latest data leading to a stronger economy.
read more... 29/05/2014