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Italy to halve offshore exploration areas

According to a Reuters report Italy has halved the offshore areas where it will allow companies to explore for oil and gas as it is aiming to diminish the country’s reliance on energy imports. The move is projected to placate environmental groups and to hasten expansion of new deep-water prospects.

read more... 05/09/2013

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China to have its first floating terminal for LNG imports

China National Offshore Oil Corp (CNOOC) has announced it has obtained the permit to build its first floating terminal for liquefied natural gas in the northern port city of Tianjin. China, being the world biggest energy consumer, intends to increase the share of natural gas in its energy mix to 8% in the next two years, from the current 5 % in a move which aims to cut emissions from coal-fired power stations and reduce the reliance on oil imports.

read more... 22/08/2013

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E.ON to build an offshore wind farm in the North Sea island of Helgoland

The German energy provide E. ON unveiled it started the construction of its Amrumbank West offshore wind farm in the North Sea.

read more... 21/08/2013

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Dong Energy to slash offshore wind costs by 40% by 2020

Danish Dong Energy, the largest offshore-wind developer in the world, is planning to slash offshore wind power costs by as much as 40 percent by 2020.

read more... 13/08/2013

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The second largest offshore wind farm in the world has officially opened

Great Gabbard wind farm, the second largest offshore wind farm in the world was officially opened off England's east coast on Wednesday. The wind farm has 140 turbines and is likely to double its size once the Galloper wind farm will be completed, in 2017.

read more... 08/08/2013

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