Latest news
Italy’s Eni strikes a major deal with China’s CNPC
Eni, the Italian energy giant, unveiled that it has sold a 20% stake in natural gas project off the coast of Mozambique, its largest discovery up till now, to China National Petroleum Corp (CNPC).
read more... 15/03/2013
Daily: European power curve down on higher temperatures
Brent crude futures increased above $109 a barrel on Friday on positive U.S. jobs data which raised hopes of a better outlook for demand in the world's top oil consumer, while increased concerns over supply from the Middle East added support.
read more... 15/03/2013
Solar PV demand up 2 GW in 2013
According to a new report offered by NPD Solarbuzz, the global solar photovoltaic (PV) demand is estimated to increase by 2 GW, reaching 31 GW in 2013. A large amount of the 2 GW will come as a result of strong demand from the Asian markets, where almost 50% of increase will be registered, in countries as China, India and Japan, leading to a capacity addition of around 11 GW in 2013
read more... 15/03/2013
Cuadrilla delays plans of fracking to 2014
UK shale gas explorer Cuadrilla Resources has announced on Wednesday it was delaying its plans to begin hydraulic fracturing at its Bowland shale project in Lancashire, one of its three drilling sites, to 2014, while it accomplish an environmental impact assessment for the site of each exploration well.
read more... 14/03/2013
Daily: Brent and U.S. crude oil futures drop on increasing inventories
Brent crude oil futures declined on Wednesday on large volume of U.S. crude inventories, a stronger dollar and a forecast from IEA that oil demand is expected to ease. Meanwhile, Brent dropped by $1.13 a barrel to settle at $108.52, below its 200-day moving average of $109.37, a technical support level monitored by traders.
read more... 14/03/2013