Latest news
South Korea stops Iranian oil imports from July 1
South Korea's economy ministry said on Tuesday that imports of Iranian crude oil will be halted from July 1 due to EU sanctions, making Korea the first of Iran's major Asian customers to halt oil purchases.
read more... 26/06/2012
Daily: Brent crude steady ahead of European summit
Brent crude steadied above $91 per barrel on Tuesday due to short-covering and expectations for a drop in U.S. crude inventories, which counterbalanced worries that a European summit would not be able to reach a concrete solution to the region’s debt crisis.
read more... 26/06/2012
Grid operators to build a power interconnector between Norway and UK
UK’s National Grid signed a deal with Norwegian group Statnett to develop the world’s longest subsea power cable (700 km), called the North Sea Network by 2020.
read more... 26/06/2012
Japan gives green light for feed-in-tariff scheme
Japan’s Ministry of Industry approved the introduction of feed-in-tariffs for renewable energy on 18 June, as the country shifts towards green energy in the wake of last year’s Fukushima nuclear disaster.
read more... 26/06/2012
Eni and Rosneft sign strategic agreements to explore fields in Black Sea and Barents Sea
Eni CEO Paolo Scaroni and Rosneft Chairman Igor Sechin signed agreements in Saint Petersburg today to jointly explore fields in Russian sections of the Black and Barents Seas.
read more... 25/06/2012