Latest news
Shell completes Caesar-Tonga sale to Equinor
Shell announced it had signed an agreement to sell its interest in the Caesar-Tonga asset to Israel’s Delek in April 2019. Subsequently, Norway’s Equinor exercised its right of first refusal under the joint venture operating agreement.
read more... 31/07/2019
Daily (04.07.2019): NBP spot jumped by 2.2% on Wednesday, due to outages in Norway
Crude oil prices added ground on Wednesday, as major U.S. stock indexes closed at record high levels. Moreover, a decrease in the number of oil rigs, operated by U.S. energy firms, for the first time in three weeks, also lent support to prices. As a result, Brent crude climbed by 2.3% to $63.82 a barrel, while WTI futures closed 1.9% higher at $57.34 a barrel.
read more... 04/07/2019
SOCAR Turkey finalizes acquisition of EWE Turkey
SOCAR Turkey completed the takeover of EWE Turkey Holding's subsidiaries Bursagaz, Kayserigaz, Enervis, EWE Enerji and Millenicom, according to a statement from the company on late Monday.
read more... 19/06/2019
Daily (10.06.2019): Oil prices climbed by over 2.5% on Friday, due to low rig counts and OPEC-led supply cuts extension
Oil prices rebounded on Friday, as U.S. recorded the lowest oil rig count in six months and energy firms focus more on earning growth instead of increasing output. Moreover, oil prices were supported by Saudi Arabia claims that OPEC is close to agreeing a further extension of supply cuts. As a result, Brent crude settled 2.5% up at 63.29$ a barrel, while WTI futures climbed by 2.7% to 53.99$ a barrel.
read more... 10/06/2019
Romania's Transgaz to start works on Black Sea - Podisor gas pipeline project
Romanian gas transmission company Transgaz said it has obtained the right to start the works for construction of a pipeline linking the country's Black Sea shore to the national transmission system and BRUA - the pipeline running from Bulgaria to Romania, Hungary and Austria.
read more... 08/05/2019