Industry Developments

The Norwegian hydrocarbons industry is switching focus, seeing a shift from primarily oil production to gas over the remaining years of this decade and into the next. This realignment... 2006-09-28

A unification of the Portuguese and Spanish natural gas markets, based on a similar model to the Mercado Ibérico de Electricidade (Mibel) single electricity market, will benefit... 2006-09-25

Although the market price of natural gas has fallen dramatically in the past few months, concerns still linger over future security of supply. Western European government's want to... 2006-09-20

Norwegian state oil company Statoil has signed a US$700mn agreement with US independent Plains Exploration & Production (PXP) to acquire PXP's working interest in two US Gulf... 2006-09-18

European consumers are approaching winter with confidence as meteorologists predict much more comfortable weather patterns and wholesale gas prices trend downwards. Last winter, freezing... 2006-09-14

French energy group Gaz de France (GdF) saw net profit rise by 44% in H106, faster than the increase in sales of 37%, as higher hydrocarbons prices, production increases and trading... 2006-09-12

UK wholesale gas prices are settling down after a rough year in which concerns over availability and security of supply pushed up the price to historically high levels. Wholesale... 2006-09-12

The European Union (EU) has stepped back from the proposed Gaz de France (GdF)/Suez merger, with reports indicating that it will not launch legal proceedings against the French government... 2006-09-08

Russia looks set to gain a direct access route to the Mediterranean for its energy exports after President Vladimir Putin and Greek Prime Minister Costas Karamanlis announced that... 2006-09-05

As one of the largest rig operators, Transocean made significant profits in 2005. Full-year net income reached US$715.6mn from revenues of US$2.89bn, a huge increase on 2004's US$152.2mn.... 2006-09-04