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Italy to double its domestic production of oil and gas by 2020
Italy is likely to increase its domestic production of oil and gas by 2020 and to improve the production of renewable energy power, as it intends to reduce energy costs and to increase his economic growth.
read more... 17/10/2012
The Russian oil giant Lukoil to turn into an international energy company
Russia’s oil giant Lukoil has great plans for the future, as it plans to change its status, turning from a West Siberia-focused oil producer into an international energy company with asset bases from South America to the Middle East to Southeast Asia.
read more... 17/10/2012
Dong Energy to switch 3 plants from coal to biomass
Dong Energy, Denmark’s biggest utility, is likely to cut coal use and then carbon emissions by switching three of its major plants to biomass, which have a total capacity of about 1,968MW, announced the company.
read more... 16/10/2012
Significant Irish wind project will supply with power the UK
The UK government is taking into consideration strategies to import wind power from Ireland to the National Grid via cables under the Irish Sea to north and west Wales. The cables would re-emerge at two sites in Wales with one of them at Pentir near Caernarfon, and the other one at Pembroke.
read more... 16/10/2012
Daily: German power spot prices decline on solid wind and solar capacity
Brent crude increased on Monday, being backed by delays in North Sea production and reluctance about a proposal from Iran to negotiate the halting of higher grade uranium enrichment and as Brent's premium to U.S. crude hit its upper level in a year. Brent crude climbed $1.18, or 1.03 percent, to settle at $115.80 a barrel, after a trading ranged from $113.58 to $115.91.
read more... 16/10/2012