Industry Developments

UK energy firm BG Group has made a commercially viable discovery in the North Sea, showing the North Sea's continuing, but contracting, potential. The group found a gas condensate... 2006-09-04

The Russian state gas company Gazprom and Germany's E.ON Ruhrgas have signed agreements to prolong existing contracts on Russian natural gas supplies. Gazprom and E.ON, the world's... 2006-08-30

The UK is threatened with another difficult winter as the country's gas transportation network continues to realign itself towards a future with ever-decreasing North Sea supplies,... 2006-08-23

Norwegian state-controlled energy group Statoil could extract oil as well as gas from the vast reserves in the Snoehvit development on the Norwegian Continental Shelf (NCS). The group,... 2006-08-22

Italian refining and marketing group ERG is said to have offered EUR3bn to acquire the Libyan oil marketing company Tamoil, on the same day that it reported second quarter profits... 2006-08-11

According to media reports, state-controlled gas utility Gaz de France (GdF) is the front-runner in a bid to acquire a US$480mn package of UK North Sea oil and gas assets being sold... 2006-08-10

There was a stark warning yesterday from major gas consumer Italy that European customers could pay more for natural gas as a result of a deal between Russian and Algerian state-controlled... 2006-08-10

Security and cost of energy supply continues to dominate regional news, with Western European economies anxious to avoid a repeat of the shortages seen last winter but also unwilling... 2006-08-03

Spanish utility Gas Natural has posted a strong set of results on the back of increased electricity generation capacity and a healthy performance from its gas distribution business.... 2006-07-28

Bucking the trend of higher energy company earnings. UK-based gas-to-power utility Centrica this morning unveiled a 29% decline in operating profits for the first half of 2006, with... 2006-07-28