Last year, the European Commission formally opened an antitrust probe on concerns that Gazprom might be obstructing competition in Central and Eastern European gas markets and might have manipulated gas flows to its advantage, prevented diversification of supply, and by linking gas prices to oil prices.
read more... 09/12/2013
Norway is planning to spur its investments in oil and gas sector at a record level in 2014, according to data provided by statistics agency.
read more... 09/12/2013
Brent crude increased over $111 a barrel on Friday on jobless figures in the United States indicating a five-year low. Brent rose 42 cents at $111.40 a barrel at 14:33 GMT, while U.S. crude traded 7 cents higher at $97.45 a barrel.
read more... 09/12/2013
The National Energy Administration has announced that China's shale gas production has reached 143 million cubic meters. The country's largest refiner Sinopec Co has drilled nearly 30 pilot shale gas wells in the Fuling area of Chongqing municipality in southwest China, part of the Sichuan basin, one of the most promising geological zones for the unconventional fuel. Six of the wells are pumping about 1.06 million cubic meters of gas, or an average of nearly 180,000 cubic meters per well.
read more... 06/12/2013
The European Commission gave the green light on 4 December to Bulgaria’s plan to allocate €945 million worth of carbon emissions trading allowances free of charge to modernize the electricity sector, decision in line with EU state aid rules.
read more... 05/12/2013