Latest news
BP to sell a package of U.K. assets to Perenco for up to $610 million
The British oil giant BP Plc announced on Tuesday a deal to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge oil fields in the UK to European oil and gas company Perenco UK Ltd. for up to $610 million in cash, as it plans to equilibrate its balance sheet following the last year’s Gulf of Mexico oil spill. Under this deal, BP aims to divest about $30 billion per year.
read more... 18/05/2011
Daily energy Overview, Tuesday, May 17, 2011
U.S. crude oil futures ended lower on Monday pressured by gasoline futures that shed below 3 dollars a gallon for the first time since mid-March. U.S. crude for June delivery traded at 97.37 dollars a barrel, down 2.28 dollars, after a trading range between 96.90 and 99.65 dollars. Meanwhile, ICE Brent crude for delivery in June settled at 112.73 dollars, down 1.10 dollars, after a trading range from 112.00 and 114.00 dollars.
read more... 17/05/2011
Exxon Mobile and Total ink a deal to explore for shale gas in Poland
The French oil giant Total and U.S. oil major Exxon Mobil Corp. agreed a deal to explore shale gas in the Chelm and Werbkowice areas in Poland.
read more... 16/05/2011
Gazprom may join the TAPI project
Pakistan offers Russian energy giant, Gazprom the opportunity to take part to the two multi-billion dollar gas pipeline projects, the Iran-Pakistan (TP) and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project, aimed to transport natural gas from Central Asian states to India and Pakistan.
read more... 13/05/2011
Daily energy Overview, Thursday, May, 12, 2011
U.S. oil futures continued to drop after the EIA data, trading at $100.61 a barrel, down $3.27, by 14:40 GMT. U.S. crude oil and gasoline stocks increased last week while stockpiles of the motor fuel increased for the first time over the last 12 weeks on lower demand versus last year, according to EIA weekly data released on Wednesday. Domestic crude stocks increased by 3.78 million barrel in the week to May 6 to 370.33 million barrel. Gasoline inventories increased 1.28 million barrels to 205.82 million barrels, while distillate stocks decreased by 843,000 barrels to 144.29 million barrels.
read more... 12/05/2011