Latest news
Nabucco encounters competition for Azerbaijan gas.
The talks with Baku for turn out to be more complicated than first estimated as the Azeri government declared that the contract will go to whoever offers the highest price.
read more... 04/10/2010
Daily Energy Market Overview 09.23.2010
Oil price was set below $75 on Thursday after an unexpected increase in U.S. crude and gasoline stockpiles. At 06:26 GMT, U.S. crude for November increased 15 cents to $74.86 a barrel, while November ICE Brent decreased 19 cents to $77.76.
read more... 23/09/2010
Chevron to extract shale gas in Poland.
As Poland shared interest in developing gas opportunities, like other eastern European countries, thus reducing its reliance on the Russian partner, Chevron, as some other major oil companies, seized the opportunity to extract shale gas at better prices. Still, according to Bobby Ryan, Chevron’s head of global exploration, there is much more work to be done than at first glance.
read more... 23/09/2010
Turkey state oil firm plans to invest 4 billion USD in 3 years
The general manager of Turkey’s national oil and natural gas exploration company, TPAO, announced that they’re going to invest 4 billion USD in the forthcoming 3 years and to drill 500 oil wells in the next 5 years.
read more... 22/09/2010
41 oil companies submit applications for exploring oil in Norway
Oil and energy ministry of Norway stated on Thursday that 41 oil and gas companies have applied to explore for petroleum in older regions off the country.
read more... 20/09/2010