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Germany: Green energy slowly surpassing coal, gas and nuclear
Renewable energy became the second most important energy resource in Germany, ranking just behind the lignite and even surpassing nuclear, hard coal and natural gas. The renewable energy now represents about 20% of Germany’s energy mix, an industry group reported last week.
read more... 22/12/2011
South Korea to invest about $12 bln in oil and gas development
South Korea announced its plans to invest 11.8 billion U.S. dollars in developing oil and natural gas resources in 2012 as a part of country efforts to guarantee a stable supply of energy for economic and industrial growth, the economy ministry declared on Wednesday.
read more... 22/12/2011
Daily – oil prices up for the second consecutive day
Crude oil futures traded higher on Tuesday going up for a second consecutive day on supportive economic data from the United States and Germany and on persistent worries over supply disruptions in Iran and Kazakhstan.
read more... 21/12/2011
E.ON to invest 7 billion euros in renewable energies
E.ON announced on Thursday its intentions to invest 7 billion euros in renewable energies over the next five years for the development of new power generation projects. The German utility plans to commission a new offshore wind farm every 18 months.
read more... 21/12/2011
Gazprom to slash by 60% its 2012 investment program
The Russian energy giant Gazprom announced on Tuesday that it has decided to slash its 2012 investment program by 64% to 776.648 billion rubles ($24.232 billion) year-on-year, while it will double its dividends.
read more... 21/12/2011