Latest news
France: CRE is looking for measures to reduce tensions on French gas market
French energy regulator CRE launched this week a public consultation with industrial players envisaging temporary measures and solutions aiming to curb the wholesale gas price gap between the north and the south of France, before the establishment of a unified market in 2018.
read more... 20/02/2014
Eni has made an important oil and gas discovery in Congo
Italian oil and gas company Eni has made an important oil and gas discovery in the Marine XII block located about 17 km offshore Congo, at the Nene Marine 3 well. According to the company, the field where the well is sited might contain about 1.2 billion barrels of oil and 30 billion cubic metres of gas in place.
read more... 19/02/2014
Daily: British gas prices hit fresh lows amid milder temperatures
Brent crude oil held steady above $109 a barrel on Monday, driven higher by U.S. dollar depreciation against a basket of major currencies, supply disruptions in Libya and Angola and a cold snap across North America. Brent crude oil climbed five cents to 109.13 dollars a barrel, hovering between a high of 109.40 dollars and a low of 108.93 dollars. Meanwhile, U.S. oil rose 50 cents to settle at 100.80 dollars.
read more... 18/02/2014
Germany obtained the green light to issue free carbon permits for 2013
Germany, the strongest economy and biggest emitter of greenhouse gases in Europe, received on Wednesday the green light from the European Commission to begin the issuance of permits to industrial companies in the country, as part of the European Union's efforts to aid heavy industry compete with rivals in countries with less stringent environmental regulations.
read more... 18/02/2014
China: huge shale gas well was discovered
China has announced last week that its top refiner Sinopec Corp has discovered a shale gas well in the Guizhou Province in the southwestern part of the country. Located at a depth of 4,417 metres, the well is thought to be the deepest discovery and is likely to have a maximum daily output of 105,000 cubic meters, while the nation’s Ministry of Land and Resources said the gas well is expected to have an average daily output of 43,000 cubic metres.
read more... 17/02/2014