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CCS: the solution to reduce CO2 emissions
The CCS technology consists of capturing the CO2 from burning fossil fuels and storing it in deep geological formations, this way it will not boost the greenhouse gases. Technology exists to capture the emissions of factories and other industrial processes such as natural gas processing as well as power plants that burn fossil fuels or even biomass.
read more... 03/01/2013
Russia’s oil output hits new record in 2012
Russia’s oil output hits new record in 2012, to a new post-Soviet high of 10.37 million barrels per day due to an increase in production at Rosneft. Russia had established its previous post-Soviet record in 2011, when the production amounted to 10.28 million barrels per day. According to the International Energy Agency, Russia's oil output hit the highest level at 11.41 million bpd in 1988, when it was part of the former Soviet Union and it accounted about 90 % of total Soviet oil output. This new record confirms Russia as the biggest oil producer in the world.
read more... 03/01/2013
Daily: Brent crude oil up on the agreement approved by the Congress to prevent a fiscal crisis
After the U.S. Congress has approved an agreement to prevent a fiscal crisis, both Brent and U.S. crude oil were up, with Brent which has reached a one-month high, arriving at $112 per barrel on Wednesday at the same time as U.S. crude oil was up by 90 cents to 92.72 dollars a barrel. During the month, WTI increased by 3.3% while Brent oil declined by 0.1%.
read more... 02/01/2013
Nuclear is the best alternative for Europe
A new report recently released by Frost& Sullivan notes that nuclear energy is the answer to achieve the aggressive EU targets, reducing the carbon dioxide emissions and dependence on fossil fuels.
read more... 02/01/2013
The Eastern Siberia – Pacific Ocean pipeline records 30mln tons in delivery
A representative of the Chinese Petrochina company has announced that the Siberia-Pacific Ocean pipeline which delivers oil from Russia to China has transported about 30 million tons of crude oil since it starts operating on January 1, 2011. The pipeline is considered as a key-project in the energy cooperation between Russia and the Asian country.
read more... 02/01/2013