Latest news
Daily – oil down on investors caution over European debt crisis
Crude oil futures decreased on Wednesday after a choppy trading on investors caution about the debt crisis situation in the euro zone and on government report indicating an increase in crude oil and products stockpiles that occurred previous week in the United States.
read more... 08/12/2011
Centrica and Qatar sign a strategic alliance on oil and gas projects
The British energy company, Centrica, the owner of British Gas and the state-run oil company Qatar Petroleum International (QPI) have recently teamed up in an effort to collaborate on pursuing international energy investments. On Monday they signed a memorandum of understanding to invest in a set of new or existing oil and gas projects. The deal includes investments in liquefied natural gas, gas power turbines, and gas storage.
read more... 07/12/2011
Largest Indian PV plant to get 48 million dollars loan
The largest Indian solar PV power plant, with a total capacity of 40 MW, received a long-term loan from the Asian Development Bank worth 48 million dollars. The Dahanu solar power plant will be built in the western state of Rajasthan, and it is planned to be completed by the second quarter of 2012.
read more... 07/12/2011
Shell discovers shale gas in China
Royal Dutch Shell has discovered shale gas in China, which does not currently produce shale gas, though is supposed to have abundant reserves of shale gas which could transform the Chinese energy mix.
read more... 07/12/2011
Daily – oil prices slightly up on released API data
U.S. and Brent crude oil futures increased slightly on Tuesday as released data by API Institute indicated a 5 million barrel drop in crude stocks last week, much more as forecasted and on hopes that EU leaders could draft a credible agreement in order to resolve region’s debt crisis.
read more... 07/12/2011