Oil & gas
Oil ministry proposes unit price of $6.7 for natural gas
20 May 2013
The new pricing formula would apply to all forms of natural gas, including conventional, shale and coal-bed methane (CBM), and across all consuming sectors
US approves $10-bn LNG export facility in Texas
20 May 2013
The US energy department has conditionally authorised Freeport LNG Expansion LP and FLNG Liquefaction LLC to export LNG to countries that do not have a free trade agreement with the US.
EU regulator raids oil giants over price manipulation
15 May 2013
The European Commission yesterday raided the offices of oil giants including Royal Dutch Shell, BP and Statoil over concerns that they colluded in manipulating the oil price benchmark in violation of EU antitrust rules
US shale boom to hit OPEC prices over next 5 years: IEA
15 May 2013
The US shale boom is likely to rock the global oil trade over the next five years, benefiting US refiners and displacing OPEC as the major supplier of oil, according to the International Energy Agency
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