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Equinor, Aker BP agree 3 oil, gas licenses in North Sea

Area with these licenses contain recoverable resources estimated at more than 500 million barrels of oil equivalents

read more... 12/06/2020


Daily (10.06.2020): British near-term gas prices lost ground on Tuesday despite a cut in Norway gas flows

Crude oil prices edged higher on Tuesday as the extension of OPEC+ output cuts on Saturday counterbalanced worries that resurgent coronavirus cases in the US could hit the oil demand recovery, which is still fragile. Hence, Brent crude for August delivery rose by 38 cents, or 0.9%, to settle at $41.18 a barrel. At the same time, U.S. WTI crude gained 75 cents, or 2%, to end at $38.94 a barrel.

read more... 10/06/2020


Poland’s PGNiG inks domestic LNG deal

Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station.

read more... 09/06/2020


Norwegian gas flows to Europe, UK slide further in May

Norway's pipeline gas supplies to continental Europe and the UK fell further in May to an eight-month low of just 7.35 Bcm, data from S&P Global Platts Analytics showed June 5.

read more... 08/06/2020


Daily (04.06.2020) NBP spot soared by 13.6% on Wednesday as low wind output boosted gas-for-power demand

Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.

read more... 04/06/2020