Latest news
First LNG pipeline between Russia and Germany will be completed by the end of the year.
The Nord Stream pipeline, which will pump gas from Russia to Germany, is set to be operational for the fourth quarter of this year.
read more... 10/05/2011
RWE discovers an immense potential of natural gas in Egypt
RWE Dea, the German energy company which operates in Egypt, announced its successful exploring activities for natural gas in its North El Amriya concession, offshore northern Egypt.
read more... 06/05/2011
Statoil registers stronger Q1 profit on high oil prices
Norwegian oil and gas major Statoil ASA reported on Wednesday that higher oil and gas prices have boosted its first quarter profits by 44 percent.
read more... 05/05/2011
Tax hike on North Sea oil industry might hit investor confidence
Oil and gas industry leaders have met on Wednesday to energy Select Committee in London as to make a final attempt to convince the Government to modify its decision regarding a tax hike of £10bn on North Sea energy companies warning that it could have austere implications on energy industry. industry.
read more... 05/05/2011
Saipem won a $1bn offshore deal in China and Brazil
Saipem, an Italian oil and gas industry contractor which is a subsidiary of Italian energy company Eni, has been awarded offshore contracts worth more than $1 billion in China and Brazil.
read more... 04/05/2011