Latest news
Total will continue to invest in Russia
Total’s Manager Director stated on Tuesday that the French oil firm will keep on investing in Russia, in spite of the tensions between Ukraine and the Russian President. According to the company, the liquefied gas project in the Yamal Peninsula is not at risk.
read more... 05/03/2014
European countries less dependent on Russian gas via Ukraine
Presently, Europe and Ukraine are less dependent on Russian natural gas, because of a milder winter and a better infrastructure, reducing concerns that the increasing crisis in Ukraine might influence supplies.
read more... 04/03/2014
LNG deal between Estonia and Finland
A transaction between Estonia and Finland has been signed on Friday aiming the construction of two liquefied natural gas (LNG) terminals on each side of the Gulf of Finland and a pipeline linking the two countries, as stated by Juhan Parts, the Estonian Economy Minister.
read more... 03/03/2014
ENI obtains refund from Statoil on revised gas agreement
ENI, a major integrated energy company based in Italy and one of Europe’s leading gas wholesalers, inked an agreement on Thursday to review its long-term gas supply contract with Norway's Statoil that is supposed to increase its operating profit by approximately 1 billion euros ($1.4 billion) in 2014.
read more... 28/02/2014
North Sea oil production at a slower decline rate
Oil and gas production in the North Sea reduced in 2013 less than expected, attaining 1.43 million barrels per day, or an 8% drop, according to data published by Oil&Gas UK.
read more... 27/02/2014