Latest news
Shell provides fresh boost for North Sea oil and gas industry
Royal Dutch Shell has provided fresh encouragement for the North Sea oil and gas industry by deciding to develop the Arran field around 150 miles east of Aberdeen.
read more... 11/10/2018
Northern Cyprus to launch natural gas exploration
The Turkish Republic of Northern Cyprus (TRNC) and Turkish Petroleum will launch their natural gas exploration program on the island's southwest, the country's deputy prime minister said Tuesday.
read more... 10/10/2018
Daily (09.10.2018): UK gas prices tumbled on Monday, on warmer weather and reduced gas-for-power demand due to higher wind generation
Global oil prices edged slightly down on Monday, following Washington’s declaration that it could grant waivers to sanctions against Iran's oil exports in November, and as Saudi Arabia is likely to partly substitute shortfalls from Iran. Brent crude was 0.3% down at $83.91 a barrel, but losses were limited by a hurricane moving across the Gulf of Mexico and forecasts for a further decline in Iranian exports. U.S. West Texas Intermediate futures slipped by only 0.1% on Monday, to trade at $75.29 a barrel. Meanwhile, Brent crude oil futures ended 0.3% down at $83.91 a barrel.
read more... 09/10/2018
French energy group Total and Algeria's Sonatrach sign new agreements
French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture, Total said.
read more... 08/10/2018
Daily (05.10.2018): NBP gas contract for delivery in 2019 traded 1.3% higher on Thursday despite lower consumption and a well-supplied system
Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.
read more... 05/10/2018