Latest news
BP and Rosneft sign offshore exploration agreement
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011
Iran has found huge reserves of gas
Iran, OPEC's second largest oil exporter, has discovered a new gas field onshore with reserves valued at 50 billion dollars, Oil Minister Masoud Mirkazemi said on Sunday.
read more... 17/01/2011
E.ON to boost electricity prices by nine per cent from February
E.ON Energy group is set to raise the price of electricity to residential customers in UK by 9 per cent. The increase of price will take place starting February, 4th when the firm intends to raise the gas prices by 3 percent.
read more... 17/01/2011
Daily Energy Market Overview, Monday, January 17, 2011
Low temperatures supported higher demand levels on the British energy market thus pushing gas prices up on Monday.
read more... 17/01/2011
A gas export agreement to be signed between Azerbaijan and Iran
The Iranian Oil Minister Massoud Mirkazemi has arrived on Wednesday in the capital of Azerbaijan, Baku in an official visit to sign a long-term gas export deal with Azerbaijan.
read more... 13/01/2011