Latest news
Romania wants to reduce its participation in Petrom
OMV, Austrian major oil and gas group, does not intend to increase its share in its Petrom division, even though the Romanian government would like to vend a part of its 21% stake in order to reduce its participation to 8%, according to OMV’s representative on Tuesday.
read more... 27/04/2010
Russia and Italy accepted France to join the South Stream pipeline project
After the official meeting that had taken place between Russian Prime Minister, Vladimir Putin, and Italian Prime Minister, Silvio Berlusconi, a decision has been made concerning the France’s EDF participation in the South Stream project.
read more... 27/04/2010
Nordic power prices up
Nordic electricity forward prices increased, being caused by high power and coal prices in Germany, as well as stable prices for carbon emissions.
read more... 26/04/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010
Global solar installations expected to reach 11 GW in 2010
Barclays Capital analyst, Vishal Shah, has recently raised his forecasts for global solar installations for 2010, to 11 GW. In 2009, solar installations reached 7.2 GW, by 21 percent more from the previous year.
read more... 21/04/2010