Latest news
Siemens to invest EUR 66 million in gas turbine research
Industrial group Siemens has announced its plans to invest EUR 66 million in the construction of new test centre for gas turbines near Berlin, Germany, which will make possible to study and validate the combustion processes in gas turbines, enabling the construction of more efficient gas power plants.
read more... 15/12/2011
Daily – oil continued to go down on worries over EU debt crisis
Crude oil futures extended losses on Wednesday on new worries over European debt crisis that triggered technical selling and pushed prices below front-month crude’s 200-day moving average.
read more... 15/12/2011
Duke acquires Arizona PV plants
Duke Energy Renewable has recently acquired from Recurrent Energy two utility-scale power plants in Arizona, the Ajo Solar Project and Bagdad Solar Project for an unknown amount. These represent the company’s first plants in the West of America.
read more... 15/12/2011
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011
Total boosts its stake in Novatek
The French major, Total SA announced that it has increased its stake in Russian company, Novatek by 2 per cent to 14.09 per cent, at a cost of $800 million.
read more... 14/12/2011