Latest news
Major gas discovery in Romania
Petrom, the biggest oil and gas producer in Romania, has reported the successful result of the exploration well 4539 Totea. The well, drilled following a recent 3D seismic program to a depth of 3600 meters in the Oltenia region of south-western Romania, is likely to contain substantial gas resources.
read more... 12/07/2011
Largest Photovoltaic Plant inaugurated in Italy
The largest photovoltaic plant in Italy was inaugurated on July 8, near Catania, Sicily, enhancing the country’s leading global position in renewable energy, despite of the Italian government decision to cut off solar incentives.
read more... 12/07/2011
Shell to ink a $12 billion gas deal with Iraq
Iraq and Royal Dutch Shell are on the way of signing a $12-billion gas deal on July 12, to capture and exploit great volumes of gas flared from southern oil fields.
read more... 12/07/2011
Daily Energy Market Overview, Monday, July 11, 2011
Crude oil prices dropped more than a dollar on Monday on the back of renewed concerns over demand in the wake of the euro zone debt crisis, which could spread to Italy, and a drop in Chinese crude imports, which plunged 11.5% in June year-on-year to 4.8 million barrels per day, their lowest level in eight months.
read more... 11/07/2011
Egypt-Israel pipeline to become operational soon
Egypt ‘s oil ministry declared that the Egyptian pipeline that carries gas to Israel and Jordan is expected to be operational by the end of the week following an explosion on July 4, caused by militants.
read more... 11/07/2011