Latest news
Gazprom boosts gas export outlook to Europe on higher export volumes
The Russian energy giant, Gazprom has further raised its forecast on 2011 revenues from gas exports to Europe, according to which its expected profit from gas exports will represent $60 billion compared with almost $44 billion in 2010, taking into consideration the higher export volumes, the jump of prices and recovered demand, the Gazprom Deputy CEO Alexander Medvedev said on Monday.
read more... 22/06/2011
OPEC to decide on oil production quotas on June, 8
The Organization of the Petroleum Exporting Countries (OPEC) oil cartel will meet on June, 8 at Vienna to decide on production quotas amid a volatile market and the civilian unrest in the Middle East that hit Libyan oil production.
read more... 06/06/2011
An undersea super grid to export wind energy from the Netherlands versus UK
According to a recent announcement of the executive director of the National Grid, Nick Winser, an undersea super grid will become soon a reality, giving the possibility of exporting wind energy, regardless of weather conditions.
read more... 10/05/2011
Bulgaria asks for fuel guarantees as Russia halts oil exports
Bulgaria's Economy and Energy Minister, Traicho Traikov, has required guarantees from Russia for sufficient supplies of fuel for the country's market following the reports that the Russian Federation is halting oil export.
read more... 03/05/2011
Statoil halted production at its Njord platform following a gas leak
Norwegian oil giant Statoil announced that it had to halt its production on the Njord platform on Sunday as a result of operational problems with gaskets in a gas export compressor. Later, a gas leak was discovered in one of the risers.
read more... 27/04/2011