Russian energy giant Gazprom is the top provider of natural gas to Turkey, after the energy-hungry Turkey imported more than half of its gas needs from the Russian company last year.
read more... 04/02/2014
China’s natural gas imports have been boosted in latest years as a result of growing demand, since the country is trying to decrease its fossil fuel consumption and improve air quality. China saw its total volumes of imported natural gas increasing by 25 % year on year in 2013.
read more... 04/02/2014
UK shale gas industry will need at least five years and up to 40 fracking wells to be drilled in order to assess its potential, according to Lord Browne, the chairman of Cuadrilla company.
read more... 03/02/2014
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
According to a new report by Deloitte's Petroleum Services Group (PSG) the number of fields which started producing oil and gas in the UK, last year hit its highest level in five years, as a number of operators have done more attention on development activity.
read more... 29/01/2014