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Daily: UK gas prices decline on firmer imports from Norway and Europe
Brent crude prices declined for a seventh straight session and U.S crude futures declined for a fifth straight day on Wednesday in choppy trading on rising U.S. crude inventories and pessimistic euro zone data which offset encouraging signs that Chinese petroleum demand could stage a recovery.
read more... 25/10/2012
Gazprom to make an offer for Greek energy firm
Almost 17 bidders from 12 countries, including Gazprom, are bidding to acquire the Greek gas companies DEPA, the public gas supply corporation of Greece, and DESFA, a fully owned subsidiary of DEPA. At present, the Greek Republic owns a 65 % stake in the company and a 35 % stake is held by the refining company Hellenic Petroleum.
read more... 24/10/2012
Daily: UK forward gas declines in line with crude oil
Brent and U.S. Crude futures continued to decline on Tuesday in post-settlement trading on the American Petroleum Institute declarations that U.S. crude and gasoline stocks posted a gain last week, though less than analysts expected, while distillate stocks dropped along the expectations.
read more... 24/10/2012
Bulgaria will begin the construction of Nabucco West in January
According to Bulgarian Prime Minister Boyko Borisov, the construction of the Bulgarian division of the Nabucco West gas transit pipeline could start around January 10, 2013 and the construction would take one year and a few months.
read more... 23/10/2012
Shell and Exxon Mobil to develop a huge North Sea field
The two oil giants, including Shell and Exxon Mobil, have received the final approval from the Department of Energy and Climate Change (DECC) for the development of a huge project in the North Sea, involving the development of Fram oil and gas field, 136 miles east of Aberdeen, which was described as one of the most significant central North Sea developments for more than a decade and among the largest planned for UK waters.
read more... 23/10/2012