Latest news
North Sea Breagh Platform successfully completed
RWE Dea UK announced that the installation of Breagh Alpha platform in the UK North Sea has been completed successfully.
read more... 27/10/2011
Daily – oil mixed on increase in domestic crude stocks
Crude oil futures were mixed on Tuesday on released industry data that indicated an increase in domestic crude stocks by 2.7 million barrels previous week, much higher than predicted and as euro zone discords shut risk markets ahead of Wednesday’s European leaders meeting.
read more... 26/10/2011
Global energy demand to grow by 53% by 2035
According to the U.S. Energy Information Administration report, energy consumption globally will rise by 53% between 2008 and 2035, with China and India expected to lead the growth. Even though renewable energy is likely to be the fastest growing primary energy source over the next 25 years, fossil fuels such as coal and natural gas will still be the main energy source. China’s energy consumption is expected to be 68% higher than U.S. energy demand.
read more... 26/10/2011
Largest Biomass Gasification plant to be built in Finland
Finland announced the construction of the largest biomass gasification plant with a total capacity of 140 MW running mainly on forest residues for fuel. It will be situated next to a coal fired power plant and is planned to be operational by end of 2012.
read more... 26/10/2011
Libyan oil output reaches 500,000 bpd
According to the Libyan interim oil and finance minister, the war-hit Libya is gradually resuming its production, which has now reached 500,000 barrels due to Sharara field resuming operation, which belongs to the Spanish oil group Repsol.
read more... 26/10/2011