Latest news
Daily energy Overview, Friday, June 24, 2011
U.S. crude oil futures slipped to a four-month low level on Thursday on news that the International Energy Agency will release 60 million barrels of oil from its reserves to make up for a loss of Libyan exports in global oil markets and on weaker economic data.
read more... 24/06/2011
View on geothermal feed-in tariffs in Europe
Many countries around the world shifted to geothermal energy following nuclear disaster at the Fukushima nuclear reactors. Most of the activity focused on the development of renewable projects is taking place in Europe, while pioneer in geothermal industry is Italy with over 800 MW in operation installed worldwide, even if the country is not concentrated on strengthening its geothermal industry, even it has a good policy for it.
read more... 24/06/2011
Russian government seeks offshore oil spill funds
The Russian Prime Minister Vladimir Putin proposed on Wednesday a bill that would require the Russian companies engaged in the exploration of crude seeking to obtain offshore extraction licenses, to set apart financial reserves which could be used in case of an eventual oil spill.
read more... 24/06/2011
Bulgaria to freeze the construction of trans-Balkan pipe
According to the Environment Ministry declarations, Bulgaria has rejected for a third time the report on environmental impact assessment of the Bourgas–Alexandroupolis oil pipeline, aimed to pump Russian crude oil to Greece via Bulgarian territory.
read more... 24/06/2011
Daily energy Overview, Thursday, June 23, 2011
Crude oil futures went up on Wednesday supported by the report indicating a drop in crude inventories in the Unites States and the Federal Reserve policy announcement which left interest rates at a low level and supported expectations for a weak dollar.
read more... 23/06/2011