Latest news
Poland’s PGNiG to minimize the volume of natural gas purchases from Gazprom
Poland’s state-owned natural gas giant PGNiG has announced that it will reduce gas imports from Gazprom via the Yamal pipeline to around 85% of the contracted volume and will replace the missing volume with alternative resources from western European firms.
read more... 21/03/2012
Daily – U.S. crude holds losses despite surprise API draw
U.S. and ICE Brent crude oil futures decreased in post settlement trading on Tuesday despite industry group American Petroleum Institute’s surprise report which indicated a drawdown of 1.4 million barrels in domestic crude stocks previous week. By 20:35 GMT, WTi crude for May delivery traded at 106.34 dollars a barrel down 2.22 dollars, while ICE Brent crude for May delivery valued 124.12 dollars a barrel, losing 1.59 dollars after a trading range between 123.20 and 125.44 dollars.
read more... 21/03/2012
National Grid and Petrofac to build a £1bn carbon capture and storage plant in UK
The British energy network National Grid and oil Services Company Petrofac have entered in an agreement with Summit Power Group, a Seattle-based developer of low-carbon electric power projects to seek funding for the development of a carbon capture and storage (CCS) project in the United Kingdom.
read more... 21/03/2012
Brazil to expand solar power with new regulations
Brazil, the country which has long been a leader in the production of ethanol and strived to become an international force in wind energy, has decided to make an important investment in solar energy.
read more... 20/03/2012
Daily – Nordic forward power down as spring temps fasten hold
U.S. and Brent crude oil futures rose on Monday on continuous worries of Iran-related supply disruptions and on weaker dollar. WTi crude for April delivery valued 108.09 dollars, up 1.03 dollars, while ICE Brent crude for May delivery shortly turned positive, gaining 3.00 cents to 125.84 dollars a barrel.
read more... 20/03/2012