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Turkey could increase its share in TANAP project
Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.
read more... 12/12/2013
Daily: British gas prices increased due to reduced supplies from Norway
Brent crude stay above $109 a barrel on Tuesday ahead of economic data from China, which may confirm signs of stabilizing growth and fuel demand in the world's second largest oil consumer. Brent crude for January increased 14 cents to $109.53 per barrel by 03:15 GMT, while the U.S. crude futures for January delivery increased 18 cents to $97.52 per barrel. Brent's premium to WTI lessened about $7 in almost two weeks as TransCanada Corp has begun filling a 700,000 barrel-per-day pipeline, which will transport crude oil from Cushing to Gulf Coast refiners.
read more... 11/12/2013
Daily: UK gas prices down on mild temperatures
Brent crude oil futures held near $112 a barrel on Monday, supported by optimistic economic data from the United States and China, the world's first and second largest oil consumers. Brent futures rose 11 cents to $111.72 a barrel at 04:30 GMT, while U.S. crude increased 18 cents to $97.83, after ending on Friday with its largest weekly percentage gain since the beginning of July.
read more... 10/12/2013
New oil and gas discovery for Eni in the Norwegian Barents Sea
The Italian company has announced in a press release that it has made a new oil and gas discovery in the Norwegian Barents Sea. The discovery is about 240 km from Hammerfest, and the company said that the well has confirmed good quality oil and gas, with volumes of recoverable oil estimated at between 20 and 50 million barrels. The discovery is part of Eni’s joint venture exploration activity to develop the Johan Castberg field.
read more... 10/12/2013
Romania: Chevron forced to suspend shale gas explorations
US oil major Chevron halted exploration works for shale gas in eastern Romania for the second time in two months, as a lot of people gathered to protest against government support for shale gas exploration and separate plans to set up Europe’s largest open-cast gold mine in a small Carpathian town.
read more... 10/12/2013