Latest news

Rosneft to pursue expansion in gas market with $1.8 billion acquisition

Enel SpA, the Italian electric utility company, the second-largest in Europe by market capitalization, unveiled that it will sell its 40% stake in Arctic Russia BV, a joint venture with Eni that owns 49% of SeverEnergia. Enel will receive 1.8 billion USD from Rosneft and the completion of transaction is subject to regulatory and other approvals.

read more... 26/09/2013


Romania: Chevron won the approval to start shale gas exploration

US oil giant Chevron obtained permits to drill exploration wells for shale gas in the areas in eastern Romania. Chevron will explore for shale in three blocks of 670,000 acres near the Black Sea. The permits will consent to Chevron to drill at depths of between 10 and 15 meters within an area that measure 1,800 square kilometers.

read more... 12/07/2013


UK’s largest solar farm connected to the National Grid

Lark Energy has obtained the approval from Charnwood Borough Council in November 2012, and has built the solar farm in a record time of less than 8 weeks.

read more... 15/04/2013


Shell and Exxon Mobil to develop a huge North Sea field

The two oil giants, including Shell and Exxon Mobil, have received the final approval from the Department of Energy and Climate Change (DECC) for the development of a huge project in the North Sea, involving the development of Fram oil and gas field, 136 miles east of Aberdeen, which was described as one of the most significant central North Sea developments for more than a decade and among the largest planned for UK waters.

read more... 23/10/2012


Spain to extend the lifespan of its oldest nuclear power plant

Spain's nuclear security agency CSN has given the approval for the extension of the 468 MW Santa Maria de Garoña nuclear power plant until 2019.

read more... 21/02/2012