Latest news
Total and ERG merger is approved by EU
French most important oil company Total and its Italian counterpart ERG Petroleum, had received UE’s permission for their merger in refining and marketing fields, which will take place in Italy.
read more... 24/05/2010
Statoil’s evacuation of North Sea platform
Statoil, the largest Norwegian oil and gas producer, had reported the evacuation of the North Sea oil platform today due to the modifications in the well pressure.
read more... 21/05/2010
Offshore renewable energy in UK
The offshore renewable energy industry in UK might produce electricity corresponding to one billion barrels of oil per year, matching oil and gas output in the North Sea, as stated in a report.
read more... 20/05/2010
The euro coal price dropped by $1.50 per ton
FOB South African and Europe prices for delivered coal cargoes dropped by nearly $1.50 per ton on Wednesday, due to weak oil and power.
read more... 20/05/2010
Oil swings near $68 on high stocks worries
Oil swings near $68, after registering a seven-month low on Wednesday, the third decrease this week, as consequence of increasing U.S. crude stocks, influenced by stricter financial regulation in the U.S. and implications of Europe debt crisis on most commodities.
read more... 19/05/2010