Latest news
Ireland finds the first viable oil field
Irish exploration company Providence Resources has recently announced that it has found the Republic’s first viable oil field at 70 km off the Cork coast.
read more... 20/03/2012
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012
Nabucco pipeline plans are slashed
The Nabucco consortium announced a scaled version of the Nabucco pipeline project, called Nabucco West.
read more... 19/03/2012
Ukraine to introduce feed-in tariff for biogas
Ukrainian government has proposed to reform the law on electricity by proposing feed-in tariffs for electricity generated from biogas. It is proposed a coefficient for electricity produced from biogas at 2.3.
read more... 19/03/2012
Daily – US crude gains over 2 dollars on Iran worries and weaker dollar
U.S. and ICE Brent crude oil futures continued to rise on Friday, as fears over Iran supply disruption reemerged and as the dollar weakened on lower chances of monetary tightening following data which indicated inflationary pressures appeared contained.
read more... 19/03/2012