Latest news
LNG still remain the main energy source for the next century
According to Canadian investment bank statements, natural gas will become the most employed source in the world following the countries’ shift to the renewable energy which will advantage the long-term benefits in shares of gas producers.
read more... 08/04/2011
PetroChina to build the largest underground gas storage tank in Xinjiang
PetroChina Co, the country's biggest energy producer, eyes the building of underground natural-gas storage tank in northwestern Xinjiang province to ensure against supply disruptions.
read more... 07/04/2011
Norway considers grid restructuration to fuel Arctic oil/gas hub
According to Norwegian grid operator Statnett declarations, the company eyes the restructuration of electricity supply to northern Norway, following the last week’s biggest discovery of up to half-a-billion barrels of oil in the Barents Sea.
read more... 07/04/2011
Matra Petroleum to begin oil production in the Sokolovskoe Field, Russia
Matra Petroleum, an independent oil and gas exploration and production company which is actively operating in Russia since 2006 and is constantly examining the potential for oil and gas over there, announced that it has begun the production for both existing wells in the Sokolovskoe field, Russia.
read more... 06/04/2011
Tax hike pushes oil firms to halt its North Sea investment projects
Two more giant energy companies, Scottish Gas, owned by Centrica and Valiant Petroleum have postponed their investment projects in the North Sea following a recent tax hike on oil production in the U.K.
read more... 31/03/2011