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Eni unveils a new offshore oil and gas discovery in the Norwegian Barents Sea
Eni, Italy’s biggest energy group, has unveiled a new offshore oil and gas discovery in the Norwegian Barents Sea, about 230 km from Hammerfest.
read more... 06/05/2014
US: $30 million to reduce emissions in oil and gas sector
The US has made known about the financial support estimated at $30 million (£17.8m) for technologies to determine methane emissions in the oil and natural gas sector in an effort to effectively slash them.
read more... 05/05/2014
Daily: Oil prices increase on escalating tension in Ukraine, strong job growth in the U.S.
Crude oil prices boosted on Friday on escalating violence in Ukraine and as data showed that U.S. employers hired in April at the quickest pace in more than two years, dragging down unemployment to a 5-1/2-year low of 6.3 percent.
read more... 05/05/2014
Azerbaidjan: oil&gas, chemical plant to be build near Baku
Azeri state energy firm SOCAR intends to construct a huge complex processing oil, gas and petrochemicals near the capital Baku valued at $14.4 billion, which is estimated to be finished in 2023.
read more... 02/05/2014
Daily: British wholesale natural gas hovers near three-year lows on low demand
Brent crude dropped towards $108 a barrel on Thursday, close to its lowest level in more than two weeks, as flat data in China, a possible oil increase in Libya's oil supply and record-high in U.S. stockpiles impacted prices. Brent crude for June delivery slipped 3 cents to $108.04 a barrel by 03:24 GMT, after a 0.8 percent decline in the previous session to end at its lowest settlement since April 11. Meanwhile, U.S. crude for June delivery declined 7 cents to $99.67 a barrel, after having decreased 1.5 percent on Wednesday to settle at its lowest level since April 2.
read more... 02/05/2014