Latest news
Rosneft and ExxonMobil to collaborate in the development of Black Sea basin
Russia’s Rosneft and ExxonMobil have found common ground regarding joint development of oil and gas resources in the Black Sea, which involves exploration and production in the Tuapse Trough, an 11,200-square-kilometers deepwater offshore area along the Black Sea coast of the Krasnodar region.
read more... 14/02/2011
Gas pipelines explosion in Iran
The ISNA media reported that a gas pipeline explosion occurred near the central Iranian province of Qom on Friday.
read more... 14/02/2011
Gazprom’s net profit down 9 percent in the third quarter
Russia's Gazprom, the biggest producer of natural gas in the world, announced on Thursday that its net profit declined 9% during the third quarter due to losses from the foreign exchange shifts, higher costs and poor European demand.
read more... 11/02/2011
PetroChina to invest $5.4 billion in Canadian natural gas field
PetroChina Ltd., the largest gas and oil producer from China, decided to purchase a 50 percent stake of a shale gas project from Canada’s Encana Corp for $5.4 billion, making the biggest ever investment in Canada’s natural gas asset.
read more... 11/02/2011
Shell wants to swap shares with Gazprom to expand Sakhalin-II project
Royal Dutch Shell Plc reported its willingness to offer Gazprom stakes in Asian assets in return for an agreement to expand Russia’s Sakhalin-II liquefied natural gas (LNG) project.
read more... 10/02/2011