Latest news
Ukraine obtained a $300 million loan for winter gas
A $300 million (£198m) loan for Ukraine to purchase gas for this winter has been authorized.
read more... 01/10/2015
Shell will search for oil and gas in block offshore Bulgaria
Bulgaria has chosen Royal Dutch Shell to perform deepwater oil and gas exploration off its Black Sea coast and intends to ink an agreement by the end of October, expecting that the project will aid reduce its dependence on imports from Russia.
read more... 30/09/2015
Total aims to have 8 percent of French B2B power market
Total Energie Gaz, a unit of oil and gas major Total, declared on Tuesday that it had entered the French business-to-business retail power market with the intention of seizing several eight percent of the market within 10 years.
read more... 30/09/2015
Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
Shah Deniz field produced 64 billion cubic meters of gas during first phase of development
Energy-rich Azerbaijan extracted from its Shah Deniz field 64 billion cubic meters of gas from the commencing date of this project to September 1, 2015, according to the First Vice President of State Oil Company of Azerbaijan Republic (SOCAR) in Geology Geophysics & Field Development Issues, Khoshbakht Yusifzade.
read more... 29/09/2015