Latest news
Successful shale test for San Leon in Poland
European oil and gas company San Leon Energy Plc, has reached a crucial milestone on the way to commencing commercial production of shale gas for the first time in Europe, reporting a sustained gas production rate of 45,000–60,000 standard cubic feet per day. Natural gas flowed from its Lewino well in a shale formation in the Baltic Basin in northern Poland.
read more... 28/01/2014
UK: new round of oil licences in the North Sea
The 28th UK licencing round was opened currently and North Sea firms would have the possibility to claim new territory in the region. The British economy has historically relied heavily on oil and gas profits from fields in the North Sea.
read more... 27/01/2014
IEA encourages Europe to increase shale gas output
The International Energy Agency (IEA) is encouraging Europe to boost its shale gas output, being concerned about high prices of European gas, suggesting Brussels to minimize the activity of energy-intensive industries such as cement and steel, while trimming the subsidies for green energy.
read more... 27/01/2014
Daily: British prompt gas hits one-week high on cold weather, weaker imports
Brent crude futures traded above $107 a barrel on Friday, as a cold snap in the United States boosted demand for heating oil and dragged down the country's stockpile of crude and distillates. Brent crude climbed 6 cents to $107.64 a barrel by 07:56 GMT, ending 69 cents lower in the previous session following weak manufactory activity figures from China, the world's second-largest oil consumer. Meanwhile, U.S. oil rose 24 cents to $97.56, extending gains after settling 59 cents up.
read more... 27/01/2014
Daily: UK day-ahead gas drops on oversupplied system
Crude oil prices registered modest gains on Tuesday after a recent rally encouraged by optimistic global demand forecast and fresh concerns about Libyan oil exports.
read more... 22/01/2014