Latest news
North Sea field hides more oil than predicted
In August this year, Statoil discovered a huge quantity of oil in the North Sea fields, with recoverable reserves estimated between 500 million to 1.2 billion barrels.
read more... 20/10/2011
Japan to boost renewable energy by 2020
The world’s worst nuclear crisis in 25 years pushed many global leaders to review its perception over nuclear energy by changing its energy “way” toward renewable energy. So, the Japanese government will ease the rules on developing geothermal, wind and hydraulic utilities, thus strengthening the public energy safety.
read more... 20/10/2011
Daily – oil 2.5 percent down on rising worries across Europe
U.S. and Brent crude oil futures traded 2.5 percent down on Wednesday as incertitude and rising worries about Europe’s zone crisis weighed on prices and counterbalanced government inventory data indicating a drop in crude oil stocks previous week in the United States.
read more... 20/10/2011
Russian gas exports to be hit by the Third Energy Package directive
Russia envisages redirecting its gas exports to the Asia-Pacific region after the EU introduced the Third Energy Package that imposes some limits in the cooperation between Russia and the European Union.
read more... 20/10/2011
Dong Energy to gain territory on the UK gas market
The Danish energy giant DONG Energy signed an agreement with Shell Gas Direct, a branch of the energy group Royal Dutch Shell which provides the purchase of Shell’s industrial and commercial gas business in the UK, for £30 million.
read more... 19/10/2011