Latest news
Wind energy could power half of the world by 2030
Wind energy could produce half of the world’s power supply by 2030, with modest effects on the environment, according to a new study released by some researchers at the University of Delaware and Stanford University.
read more... 24/10/2012
Iran is threatening to crude oil exports on sanctions intensification
Iran is threatening to stop definitively oil exports to the world if sanctions from Western countries become more stringent. Sanctions against the Iran have become tighter as the United States and other nations attempt to force Iran to stop developing its nuclear energy program, while Tehran says its nuclear plans are peaceful.
read more... 24/10/2012
Daily: Brent and U.S. crude futures settle lower on economic concerns
Brent and U.S. crude futures declined on Monday on concerns about slowing world economy and as the expected pipeline restart offset worries about Middle East turmoil which could hurt the oil supply.
read more... 23/10/2012
Bulgaria will begin the construction of Nabucco West in January
According to Bulgarian Prime Minister Boyko Borisov, the construction of the Bulgarian division of the Nabucco West gas transit pipeline could start around January 10, 2013 and the construction would take one year and a few months.
read more... 23/10/2012
Shell and Exxon Mobil to develop a huge North Sea field
The two oil giants, including Shell and Exxon Mobil, have received the final approval from the Department of Energy and Climate Change (DECC) for the development of a huge project in the North Sea, involving the development of Fram oil and gas field, 136 miles east of Aberdeen, which was described as one of the most significant central North Sea developments for more than a decade and among the largest planned for UK waters.
read more... 23/10/2012