The Italian oil giant, ENI announced the company’s largest discovery of natural gas ever as an operator off the coast of Mozambique.
read more... 24/10/2011
The European gas demand is likely to fall by about 7.5 % this year, due to a milder weather and climbing prices, recording the biggest year-on-year drop, even comparing to the period of the economic recession in 2009, when the gas demand dropped just by 6.2 %, according to a French investment bank forecast released on Wednesday.
read more... 21/10/2011
U.S. and Brent crude oil futures were mixed on Thursday on optimism that German and French leaders will find a solution to come out of the European crisis, but no resolution will be adopted before the second meeting next week.
read more... 21/10/2011
A major gas field, potentially sufficient to meet Spain's needs for the next five years, has been discovered in the Basque Country.
read more... 21/10/2011
Russia envisages redirecting its gas exports to the Asia-Pacific region after the EU introduced the Third Energy Package that imposes some limits in the cooperation between Russia and the European Union.
read more... 20/10/2011