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Επιλεγμένες Ειδήσεις από New Europe

Japan Switches Back to Nuclear Energy

Japan Switches Back to Nuclear Energy

Τετ, 30 Δεκεμβρίου 2015 - 15:53

Japan switched on its nuclear energy power plants. A major relief for the oil and gas industry that has seen prices tumble to 11-year lows was increased demand in Japan. Japan is about to reduce oil and gas imports for electricity production adding to the supply glut of the industry

Kashagan to Hold Trial Oil Extraction Launch Before New Year

Kashagan to Hold Trial Oil Extraction Launch Before New Year

Τρι, 29 Δεκεμβρίου 2015 - 17:57

A test launch extraction of oil on the Kazakh oil field Kashagan, the world’s largest oil and gas field in the Kazakh sector of the Caspian shelf, will be held before the New Year. However, the planned oil production will begin only in 2017, Kazakhstan’s Economy Minister Erbolat Dosayev said on December 28

Oil Price: How Low Can It Go?

Oil Price: How Low Can It Go?

Δευ, 28 Δεκεμβρίου 2015 - 13:26

The Organization of Petroleum Exporting Countries (OPEC) has said it expects oil prices to recover to $70 a barrel by 2020. The oil cartel, which has not shown any signs of cutting production, said oil prices would begin to rise next year and, longer term, would rise due to higher exploration costs. It expects the market share of OPEC producers to shrink by 2020, as rivals prove more resilient than expected. OPEC currently accounts for about 30% of the world’s oil production, down from 50% in the 1970s