How the Petrobras scandal buried Brazil’s dream for offshore oil
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lay vast oil reserves – at least…
Ukraine faces an unprecedented energy crisis
Ukraine faces an unprecedented energy crisis after the loss of coal mines and shale gas fields in war-torn regions, and…
Moldovagaz, biggest company in Republic of Moldova, close to bankruptcy
Moldovagaz, the largest company in the Republic of Moldova, heads with confident strides towards bankruptcy. At least this shows the…
Russian oil floods export market as refiners lose money
Crude oil exports from Russia, the world’s biggest producer, grew about seven times faster than output in the first quarter…
A site of 100 billion barrels of oil was discovered in the UK
British oil Exploration Company U.K. Oil & Gas Investments (UKOG) believes it has found the most important onshore oil field…
Russia courts Greece, promises a gas price discount and new loans
Russia could give Greece a reduction in gas prices and new loans, and the announcement would be made during the…
Shell buys BG Group in a 70 billion dollars transaction
Shell Oil will buy for nearly 70 billion dollars,in cash and shares, the British gas producer BG Group, says The…
Marketwatch: OPEC loses influence on oil prices
The Organization of Petroleum Exporting Countries (OPEC), whose members control over 80% of the world’s oil reserves, fails to exert…
KMG Memorandum ready in July, payments in 6-7 months
###author### The investments planned for the special fund created by KMG International with the Romanian state will be made next…
Junk energy bonds find much needed support
Fear has given way to greed in risky US energy bonds. After last year’s oil crash pummeled the US energy…
Russian oil production increased in Q1
The activities for extracting oil from Russia increased by 23% this year, and production reached a post-Soviet record high in…