Latest news
Siemens to abandon solar market
German engineering conglomerate Siemens envisages to sell its loss- making solar energy business following a decline in profit margins which forced Siemens to reorganize its core activities.
read more... 23/10/2012
BP in talks with Rosneft over a £ 17 billion deal
British oil company BP confirmed that it is in advanced talks about selling its stake in TNK-BP to Rosneft, Russia’s state-controlled oil company. The deal has yet to be approved, even if BP confirmed that it was in “advanced discussions” with Rosneft concerning the sale of its 50 % stake in TNK-BP.
read more... 22/10/2012
Daily: European power prices increase on weaker renewable output
Brent and U.S. crude futures dropped by around2 percent on Friday, dragged down by new concerns about the global economy and expectations that a pipeline moving Canadian crude oil to the United States will restart on schedule.
read more... 22/10/2012
China to support solar power industry
According to some government sources and industry officials, the Chinese government is working on policies to support the connection of photovoltaic solar power producers expand in the domestic market and help the industry get through tough times.
read more... 22/10/2012
Gazprom boosts gas supplies to Turkey by 50% after Iranian pipeline explosion
The Russian gas giant, Gazprom on Friday has boosted its gas exports to Turkey by 50% to 48 million cubic meters per day in order to compensate for the suspension of imports after a blast late Thursday on the Iran- Turkey gas pipeline.
read more... 22/10/2012