Latest news
Ukraine to cooperate with U.S. in diversification of shale gas production
According to the Ministry of Energy and Coal Industry of Ukraine, the governments of Ukraine and the United States discussed a future collaboration in the nuclear energy sector and have signed a memorandum on cooperation to explore shale gas deposits in Ukraine.
read more... 23/02/2011
BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011
Nabucco’s future decided by Azeri gas deliveries.
The chief executive of Austrian OMW, Wolfgang Ruttenstorfer reported to the Austrian newspaper, Kurier that the Nabucco gas pipeline project will be implemented only if the project partners will be able to secure big gas deliveries from Azerbaijan in the next months.
read more... 21/02/2011
EU considers fusion between Nabucco and ITGI gas pipeline projects
EU officials are interested in a fusion between Nabucco, a Turkey-Austria pipeline, and ITGI (Interconnector Turkey-Greece-Italy), two strategic gas projects in order to carry gas from Azerbaijan to Europe and to reduce the Russian dependence on gas supplies.
read more... 18/02/2011
Gazprom agrees to join Eni’s Elephant oil field project in Libya
Gazprom, the Russian gas giant, has signed an agreement yesterday with the Italian gas company, Eni. The deal was signed in Rome and provides that Gazprom will buy a 33% stake in the Elephant oil field project in Libya, half of which is owned by Eni.
read more... 17/02/2011