Latest news
The impact of Yemen unrest on its LNG export
French oil giant Total warned buyers of liquefied natural gas from Yemen that shipments from the country could face cuts due to increasing political unrest, although the LNG production remains normal for now. If the violent manifestations continue, they would lead to a further force majeure on export.
read more... 24/03/2011
BASF and Gazprom to collaborate in South Stream gas project
Germany's chemical giant BASF signed an agreement with the Russian energy company, Gazprom, providing that it will join the Russian South Stream gas project, in a ceremony at which participated Russian Prime Minister, Vladimir Putin.
read more... 23/03/2011
Putin to help Japan by increasing EU gas delivery
According to the Russian Prime Minister Vladimir Putin’s recent declarations, Russia is ready to help Japan by boosting EU gas supply and allowing the participation of Japanese companies in production of natural gas in eastern Russia.
read more... 22/03/2011
Shell to make a massive investment in China
Royal Dutch Shell is planning to invest a large amount of money on China’s shale gas over the next five years. This involves the drilling of 17 wells in China, including those for tight gas and shale gas.
read more... 22/03/2011
BP agreed to sell a share of its pipeline assets to Buckeye
BP Products North America announced yesterday that it signed a deal to sell some of its refined petroleum products terminals and pipelines to one of the leading petroleum distributors in the US, Buckeye Partners L.P, for $225 million.
read more... 21/03/2011