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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
Russia and EU ready to discuss on ending antitrust probe
Last year, the European Commission formally opened an antitrust probe on concerns that Gazprom might be obstructing competition in Central and Eastern European gas markets and might have manipulated gas flows to its advantage, prevented diversification of supply, and by linking gas prices to oil prices.
read more... 09/12/2013
Norway to spur investments in oil and gas industry at a record level in 2014
Norway is planning to spur its investments in oil and gas sector at a record level in 2014, according to data provided by statistics agency.
read more... 09/12/2013