Latest news
Bulgaria to switch off 40% of wind, solar power capacity
The Bulgarian authorities will switch off about 40% of its wind and solar power plants in order to equilibrate a power system in danger of instability following a considerable excess of capacity after a drop in consumption and exports.
read more... 27/03/2013
OPEC to revise its oil demand forecast downward in 2013
Global oil demand growth could be revised slightly downward of forecasts in 2013, according to the Organization of the Petroleum Exporting Countries (OPEC), dragged down by economic uncertainty in the euro zone and United States, as well as U.S. supply will hit its highest level in three decades, slashing the need for oil from the 12-member producer group.
read more... 13/03/2013
Europe and China threatened by a trade war
European Union and China are in a multi-billion-dollar dispute over solar panels, pushing both sides closer to impose tariffs on each others' exports and risking a trade war.
read more... 06/03/2013
Libyan natural gas exports to Italy halted after militias fight
Mellitah oil and gas complex, ENI’s most important facility in the west region of Tripoli had to halt gas exports on Saturday following clashes between local militia, amid increasing concerns over the stability of North Africa's hydrocarbon supplies.
read more... 04/03/2013
ABB and Eni signed a $40 million contract for export terminal on Ionian Sea
Switzerland-based power and automation technology group ABB has signed a contract with the Italian Energy Company Eni, to extend the export terminal of Eni's refinery in Taranto, located in the 'Mar Grande' bay on the Ionian Sea in southern Italy. The contract between ABB and the multinational Italian oil and gas company, is part of Eni’s strategy to improve its refinery infrastructure and ensure a connection with the onshore Tempa Rossa oil plant.
read more... 12/02/2013