Latest news
Daily – oil down on worries over Europe’s debt crisis
Crude oil futures shed on Wednesday as worries about Europe’s debt crisis have driven the euro to a 16-month low level against the dollar and a U.S. government report which indicated an increase in crude and refined oil products inventories previous week.
read more... 12/01/2012
British geologists: fracking will not induce earthquakes
British geologists have argued this week during a London briefing that the controversial process of hydraulic fracking, used in the extraction natural gas and oil, in the UK will not cause significant earthquakes and will pose little danger to the environment if given appropriate safeguards.
read more... 12/01/2012
Bulgaria refuses to pay Russia for Burgas-Alexandroupolis oil pipeline
The Bulgarian Prime Minister announced that Bulgaria has no intentions to pay a single penny as to reimburse Russia for the Burgas-Alexandroupolis oil pipeline project.
read more... 12/01/2012
E.ON to invest in Brazil power
German utility giant E.ON is planning to invest some $5.5 billion in the Brazilian power plant market through local player MPX Energia, according to international news.
read more... 11/01/2012
Statoil makes a new major oil discovery in Barents Sea
The Norwegian oil giant, Statoil has made an important oil discovery at its Havis prospect in the Barents Sea, being the second major oil find in less than a year.
read more... 11/01/2012