Latest news
U.S. renewable energy output exceeds nuclear
The latest “Montly Energy Review” published by the U.S. Energy Information Administration (EIA) showed that during the first quarter of 2011, renewable energy production in United States exceeded nuclear production.
read more... 11/07/2011
Shell to invest $30 billion in LNG project in Australia
According to the declarations of Shell’s Chief Executive Peter Voser, the Anglo-Dutch oil major envisages to invest $30 billion in Australia over the next five years.
read more... 11/07/2011
Daily energy Overview, Friday, July 08, 2011
U.S. crude futures traded higher on Thursday as data about a better than expected situation in the private hiring sector and retail sales reports supported optimism that the economic growth was on the upturn direction.
read more... 08/07/2011
Exxon to make new oil and gas discoveries in the Gulf of Mexico
Two big oil and a natural gas discoveries were made in the Gulf of Mexico, emphasizing again the importance of this basin for the US crude oil production. Previously, oil and gas exploration operations were frozen by the U.S. government following a blowout at the BP Macondo well last year.
read more... 08/07/2011
Explosion at an Egypt-Israel gas pipeline
A new explosion at the Egypt-Israel pipeline occurred on July 4 in the Northern part of the Sinai Peninsula at Bir-El-ADB, at 60 km east of the Suez Canal.
read more... 08/07/2011