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CNPC started construction of China's first shale gas pipeline
China National Petroleum Corp., the country's largest oil and gas producer and supplier, has announced it has started work on the country’s first pipeline for shale gas transportation in Sichuan Province.
read more... 20/06/2013
Russia increase its oil deliveries to China
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 19/06/2013
UK: shale gas reserves could quadruple
The IGas Energy Group, one of the UK’s hydrocarbon producers, has announced that its license in north west England could contain over 170 trillion cubic feet (Tcf) of the unconventional gas. According to IGas technical studies the quantity of shale gas in some regions of the UK has been underestimated.
read more... 19/06/2013
Daily: Brent crude trades at 10-week high, but reverses to settle lower ahead of U.S. Fed meeting
Brent crude oil futures hit a 10-week high, settling near $107 a barrel on Monday as tensions in the Middle East intensified, but prices closed slightly lower on the day after a late sell-off in U.S. gasoline futures. U.S. crude oil reached a nine-month high near $99 a barrel but also reversed to end lower, with investors cautious ahead of the U.S. Federal Reserve's two-day policy committee meeting on Tuesday. Meanwhile, Brent crude oil futures ended down 46 cents a barrel at $105.47. U.S. crude eased 8 cents to settle at $97.77 a barrel.
read more... 19/06/2013
World solar PV hit another milestone in 2012
The world solar photovoltaic (PV) market recorded another milestone in 2012, with total global operating capacity reaching the threshold of 100 GW.
read more... 19/06/2013