YPF, owned by Spain's Repsol energy company, announced Tuesday a major discovery of about 4,500 billion cubic feet of shale gas in Patagonia which will most probably diminish the country’s imports.
read more... 09/12/2010
Oil dropped for a second day on Wednesday as a spike in U.S. bonds strengthened the dollar, while a report indicated a more-than-expected increase in U.S. gasoline stockpiles.
read more... 08/12/2010
The third-biggest U.S. energy company, ConocoPhillips, along with the Lane Energy Poland, plan to drill a exploratory well for shale gas in the northern Poland, aside from the other two drilled this year by the Polish energy company.
read more... 06/12/2010
ICE gas oil futures increased to its highest level in 2 years on Friday because of the very cold weather in Europe, pushing up the global oil complex including European gasoline.
read more... 03/12/2010
Russia is currently working on modifying its legislation and framework to allow foreign companies to operate on their market.
read more... 02/12/2010