Latest news
Greece to invest 1 billion euros in solar power
According to the Deputy Prime Minister and Finance Minister of Greece, Evangelos Venizelos, the country will attempt to accelerate the approval of three PV large-scale photovoltaic projects worth 1 billion euros.
read more... 18/10/2011
Four energy majors in a huge North Sea investment
The UK oil giant, BP, alongside its partners Chevron, ConocoPhillips and Shell have won the British government approval to invest US$15.7 billion (GBP10 billion) in the development of a huge oil field in the North Sea over the next five years.
read more... 17/10/2011
Italy energy demand to increase 10% by 2025
Total energy demand in Italy is likely to increase from 177.5 million tonnes of oil equivalent (toe) forecasted in 2011 to 186.6 million toe in 2015 and 195.5 million toe in 2025 with Italian economic slowdown, following approval of the government's austerity plan, weighing on short-term energy demand and according to a recently published report by the Italian oil refining body Unione Petrolifera (UP).
read more... 30/09/2011
BP reveals £700 million oil project move
The energy major, BP announced that it has won a government approval to invest up to £700 million (USD 1.128 billion) in extracting oil from a North Sea reservoir, creating more than 1,000 jobs.
read more... 07/09/2011
Daily energy Overview, Thursday, June 30, 2011
U.S. and Brent crude oil futures increased on Wednesday, on data indicating a sharp weekly drop in crude stockpiles and as the dollar index stayed weak following the approval of an austerity plan by the Greek parliament. U.S. crude for August delivery settled at 94.77 dollars a barrel, up 1.88 dollars, after a trading range between 92.66 and 95.84 dollars. ICE Brent crude for August delivery increased to 112.40 dollars a barrel, after trading from 108.78 to 112.40 dollars.
read more... 30/06/2011