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Daily: Brent and U.S. crude end lower as U.S. gasoline prices decline
Brent and U.S. crude oil futures tumbled on Friday dragged down by the decline of U.S. gasoline futures following expectations of firmer imports and as an expected U.S. Midwest-to-Gulf Coast crude oil pipeline expansion began to narrow the spread between Brent and U.S. crude prices. Meanwhile, Brent February crude slipped $1.25, or 1.12 percent, to settle at $110.64 a barrel, having traded from $109.60 to $111.95 and posting a weekly loss of 0.6 percent. U.S. crude futures eased by 26 cents, or 0.28 percent, to settle at $93.56 a barrel, having traded from $92.65 to $94.13, however posting a weekly gain of 0.5 percent.
read more... 14/01/2013
Italian Eni to sell 1.7 million tonnes of LNG to Japan and South Korea
The Italian oil and gas giant Eni has inked a three-party deal with Korea Gas Corporation and Japan's Chubu Electric Power Company envisaging selling 1.7 million tonnes of liquefied natural gas (LNG) to Japan and South Korea between 2013 and 2017.
read more... 14/01/2013
Bulgaria will be able to import gas from Europe in 2014
According to Bulgaria’s deputy minister of economy and energy, Evghenia Haritonova, Bulgaria will be able to import natural gas from European suppliers in 2014.
read more... 04/01/2013
CCS: the solution to reduce CO2 emissions
The CCS technology consists of capturing the CO2 from burning fossil fuels and storing it in deep geological formations, this way it will not boost the greenhouse gases. Technology exists to capture the emissions of factories and other industrial processes such as natural gas processing as well as power plants that burn fossil fuels or even biomass.
read more... 03/01/2013
Chevron unveils two gas discoveries offshore Western Australia
Oil and gas giant Chevron reported two new gas discoveries in the Exmouth Plateau area of the Carnarvon Basin, a hydrocarbon basin offshore Western Australia.
read more... 28/12/2012