Latest news
Gazprom and EDF will sign South Stream deal next week
Gazprom, the Russian gas firm, will sign next week an agreement with EDF, the main purpose being the French utility taking a 10% stake in the multi-billion South Stream gas pipeline project, according to the CEO of Gazprom on Thursday.
read more... 14/06/2010
Oil and gas production in Italy estimated to increase in 2010
Italy, the country depending very much on oil and gas imports due to insufficient natural resources, expects its domestic hydrocarbons production to increase this year, according to Industry Ministry Undersecretary Stefano Saglia on Thursday.
read more... 14/06/2010
Mild weather reducing US Henry Hub spot prices
Gas prices are falling down on U.S. gas market, after having registered gains in 5 consecutive sessions. The drop of the spot prices is influenced by gas futures, after expectations of warm weather in US gas consuming regions.
read more... 11/06/2010
Israel reports higher than expected gas reserves
Israel might become a gas exporter in the coming years, as gas reserves found on Israel Mediterranean coast are 15% higher than expected.
read more... 04/06/2010
New oil reserves discovered at Tybalt
Valiant Petroleum, a British oil and gas company, announced the discovery of new oil reserves in Tybald region, situated in British North Sea area.
read more... 01/06/2010