The share-price boom at U.S. energy firms has gone bust, due to slumping global growth and tumbling crude prices.
West Texas Intermediate extended its slump into a bear market amid speculation that rising global oil supplies will be more than enough to meet slowing demand. London’s Brent traded at the lowest price since December 2010.
Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.
Consumers in many Asian countries are missing out on the benefits of a global slide in oil prices and instead paying more at the pump as governments cut down on expensive energy subsidies.
The cost of Kashagan, already the world’s most expensive oil project, is set to rise by nearly $4bn as the companies developing it are forced to replace 200km of leaking pipelines.
EIA projects average U.S. household expenditures for natural gas, heating oil, electricity, and propane will decrease this winter heating season (October 1 through March 31) compared with last winter, which was 11% colder than the previous 10-year average nationally.
Sanctions against the Russian Federation, more specifically in its energy section, seem to have been gradually nullified due to a counteraction by Moscow, which as of late made significant progress on several long-standing issues that have long-term effects on the global natural gas sector.
Газовый рынок развивался во всех регионах мира в течение последнего времени чрезвычайно динамично, изменения происходили очень-очень быстро, стратегии, которыми руководствовались компании на рынках, очень быстро устаревали.
Gazprom and Argentina address potential of joint gas projects
«Газпром» готов самостоятельно заполнить газопровод «Сила Сибири».