Russia and Japan have signed an agreement of cooperation to jointly develop a feasibility study for the construction of a liquefied natural gas (LNG) plant near the Russian city of Vladivostok.
read more... 18/01/2011
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, 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 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
Low temperatures supported higher demand levels on the British energy market thus pushing gas prices up on Monday.
read more... 17/01/2011