Oil prices ended sharply lower on Friday, toward their lowest finish in nearly two weeks, as a number of active U.S. oil rigs climbed higher, according to data from Baker Hughes released Friday. in U.S. That was combined with the weekly rise in total U.S. crude production reported by U.S. Energy Department Administration on Thursday. Brent crude fell by almost 3% to end at $46.71 a barrel, while the WTI price decreased by 2.83% to $44.23 a barrel.
read more... 10/07/2017
Iran prepares to sign a new deal on Monday, with France’s Total and China's CNPC, to establish its giant South Pars gas field, as stated by an Iranian oil ministry official on Sunday
read more... 03/07/2017
Poland's Gaz-System declared on Tuesday that the total CAPEX linked to the construction of the new gas pipeline to Denmark, known as the Baltic Pipe, is expected at 1.6 billion-2.1 billion euros ($2.36 billion).
read more... 07/06/2017
Gazprom Neft has purchased a subsoil usage license issued by the Federal Subsoil Resources Management Agency for the Novosamarskoye field in the Orenburg Oblast. The license, for the exploration and production of hydrocarbons, is valid until 5 May 2037. The total area of the licensed block is 26.56 square kilometers.
read more... 19/05/2017
Armenia’s hydropower plants can produce a share of 40% of the total electricity volume, according to a recent statement of the Armenian deputy minister of energy infrastructure and natural resources Hayk Harutyunyan.
read more... 18/05/2017