Latest news
Malaysia: Petronas aims new markets for LNG
Malaysian oil company Petronas is targeting new markets to sell liquefied natural gas, including as fuel for vessels, the manager of its upstream operations told Reuters on Monday.
read more... 09/05/2017
Centrica plans to increase Morecambe Bay gas output by investing 60 mln pounds
British utility Centrica announced on Wednesday about the intention to spend 60 million pounds ($77 million) to unlock more natural gas reserves in Morecambe Bay gas fields, under the Irish Sea, aiming to reduce a potential shortage next winter, since a continuing outage at Centrica’s older Rough gas storage has increased concerns about the security of supply.
read more... 04/05/2017
Brexit might almost double oil and gas trade costs
The trade body for the UK oil and gas industry is exhorting Prime Minister Theresa May to find solutions so as to minimize any Brexit fallouts, after a recent report showed that the cost of oil trading after the UK’s exit from Europe might double to approximately £1.1bn per year.
read more... 04/05/2017
BP: Caspian gas pipeline's Georgia section to be accomplished by mid-2018
BP intends to finalise by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, as stated by the British energy firm's country manager for Georgia.
read more... 02/05/2017
EU provides €800 mln to connect energy infrastructure
The EU is offering €800 million (£674m) of funds for power, gas and smart grid infrastructure projects. The backing will aid to reinforce Europe’s internal energy market, increase the security of energy supply and provide clean, sustainable energy across the continent.
read more... 28/04/2017