Latest news
Siemens and Prysmian to build the first sub-sea electricity link
Siemens and Prysmian, the Italy-based cable manufacturer, have been awarded a contrat for the construction of the first sub-sea electricity link between Scotland and England.
read more... 20/02/2012
Iran cuts off oil supplies to UK and France
Iran’s top oil buyers in Europe announced that they are making substantial cuts in oil supply just some months in advance of European Union sanctions. Reducing oil flows to the continent will start in March and will imply cutting off more than a third of supply or over 300, 000 barrels per day.
read more... 20/02/2012
Daily: Oil steady around $120 on Greek optimism and Iran tensions
Crude oil prices traded near $120 per barrel on Friday supported by concerns about potential supply disruptions following conflicts between OPEC producer Iran and the European countries and hopes for the second Greek bailout deal. North Sea Brent fell 6 cents to $120.05 by 10:07 GMT, while U.S. crude traded up 39 cents to $102.70.
read more... 17/02/2012
Czech Republic to temper its nuclear expectations
The Czech Republic has tempered its nuclear ambitions to build five nuclear reactors in the country, being scaled back to just two units, even if Germany and Poland may have been counting on those nuclear reactors to supply electricity. Germany has halted eight of its oldest reactors, intending to close another nine by 2022, aftermath the Fukushima nuclear catastrophe.
read more... 17/02/2012
Gazprom to extend its underground gas storages to unfreeze Europe
Gazprom, Europe’s main supplier of natural gas is planning to invest between 200 million and 300 million euros to double its underground natural gas storage in order to make sure the Siberian cold doesn’t freeze up pipelines, Gazprom Deputy CEO Alexander Medvedev said on Wednesday.
read more... 17/02/2012