Latest news
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
Dutch government to increase greeen energy subsidies in 2012
According to the announcement on Thursday of the Dutch ministry for economic affairs, the country plans to increase the amount of money for renewable energy to 1.7 billion euros in 2012 as to achieve its 2020 targets.
read more... 04/11/2011
Daily – oil higher as markets awaits vote in Greece
U.S. and Brent crude oil futures ended higher on Thursday on news that Greece could avoid a national referendum and unexpected European Central Bank interest cut. ICE Brent crude for December delivery traded at 110.83 dollars a barrel, losing 1.49 dollars after having traded between 107.83 and 111.24 dollars a barrel. NYMEX crude for December delivery settled at 94.07 dollars a barrel, adding 1.56 dollars after having traded from 90.87 to 94.61 dollars.
read more... 04/11/2011
Chevron to begin exploratory drilling of shale gas in Poland
The Polish subsidiary of Chevron announced it began exploratory drilling to assess the shale gas potential in Poland. The well will be drilled in Horodysko hamlet, near Lesniowice, on the Grabowiec concessions in Lubelskie.
read more... 04/11/2011
UK government to slash feed in tariffs for solar PV installations
The UK government has recently confirmed that it is going to slash feed in tariff support for new domestic photovoltaic installations next year as part of an effort to adjust their incentive mechanisms in order to keep the budget under control and reflect declining PV module prices.
read more... 04/11/2011