Latest news
Shah Deniz conglomerate grants $1.5 billion subsea production agreement
The consortium developing the second phase of Azerbaijan's Shah Deniz gas field has awarded a $1.5 billion subsea production agreement to a group involving Saipem, BOS Shelf and Star Gulf FZCO, as it stated on Tuesday.
read more... 04/05/2016
EDF, Edison, Gas Natural and Centrica interested in acquiring a large share in Eni's retail gas and power business
European giant utilities French EDF’s, Italian unit Edison, Spain's Gas Natural and Britain's Centrica are interested in acquiring a share in Italian oil major Eni's retail gas and power business, a deal that could cost up to $3.4 billion.
read more... 29/04/2016
China investors offer $12 billion loan for Russia's Yamal LNG project
Russia's Yamal liquefied natural gas project has obtained a loan from Chinese lenders estimated at $12 billion and denominated in euros and Chinese yuan, as indicated by sources familiar with the transaction.
read more... 29/04/2016
Ukraine brings in new energy tariffs to meet IMF requirements
The Ukrainian government on Wednesday united natural gas tariffs for consumers since it looks to meet requirements by the International Monetary Fund to obtain financial support.
read more... 28/04/2016
Daily: Crude oil rockets to 2016 high after API report release, gasoline hike
Crude oil prices attained 2016 highs on Tuesday, buoyed by a hike in the gasoline market and after API’s report showing an unexpected withdrawal in U.S. crude inventories. Brent and U.S. crude's West Texas Intermediate (WTI) futures closed the trading about 3 percent higher. Brent crude futures increased by $1.26 to settle at $45.74 a barrel. In post-settlement trade, it raised as much as $2.01 to a 2016 high of $46.49. U.S. crude futures edged $1.40 higher at $44.04. It added $2.19 in after-hours trade to hit a year-to-date high of $44.83.
read more... 27/04/2016