The American energy giant Chevron got the green light for the shale gas exploration in the eastern part of Romania, a major U-turn from the decision taken last April to suspend Chevron’s exploration activities.
read more... 05/02/2013
Brent crude oil futures climbed, while U.S. crude traded lower on Thursday in heavy spread trading that boosted Brent’s premium to its U.S. counterpart. Brent March crude gained 65 cents, or 0.57 percent, to settle at $115.55 a barrel, having traded from $114.28 to $115.76. Meanwhile, U.S. March crude slipped 45 cents, or 0.46 percent, to settle at $97.49 a barrel, having traded from $96.84 to $98.04.
read more... 01/02/2013
UK is expecting to give the green light for the exploration of 28 new oil and natural gas projects offshore in 2013, amid the increased untapped resources in the North Sea, declared British Energy Secretary Ed Davey.
read more... 01/02/2013
Ukraine and the world oil giant Royal Dutch Shell signed on January 24 a $10 billion shale gas production sharing agreement aimed at helping the ex-Soviet country to reduce its dependence on Russia.
read more... 31/01/2013
Brent and U.S. crude oil futures climbed on Monday in choppy trading, which were supported by optimistic durable goods data and by strong gasoline futures, which added 2 cents on Hess Corp's plans to halt a refinery in the Northeast.
read more... 29/01/2013