Latest news
UK is considering incentives for gas production
UK is planning to encourage offshore gas exploration and production by introducing incentives following taxes increase on North Sea energy companies, imposed by the British Chancellor George Osborne.
read more... 08/06/2011
Daily energy Overview, Tuesday, June 07, 2011
U.S. and Brent crude oil futures traded at their lowest level over the last two weeks on Monday on expectations OPEC will increase its output target at its meeting in Vienna. ICE Brent crude for July delivery valued 114.48 dollars a barrel, down 1.18 percent after trading from 113.96 to 116.14 dollars, while U.S. crude traded at 99.01 dollars a barrel, down 1.21 dollars, after trading between 98.64 and 100.68 dollars.
read more... 07/06/2011
India to boost its solar power industry
The solar industry is seen as a fast growing industry in India, due to the country’s favorable geographical position and high population density. The Indian Government recently introduced a supportive framework for solar power which provides that the development of solar power will constitute a new alternative in supplying the country with electricity, however almost half of the Indian households are not connected to the electricity network.
read more... 07/06/2011
Statoil sold 24.1 percent of its gas pipeline stake
The Norwegian state energy giant, Statoil said on Monday that it will sell a 24.1 percent stake in the world's largest offshore gas pipeline network to an investment group including German insurer Allianz and the Abu Dhabi Investment Authority for 17.35 billion crowns ($3.25 billion).
read more... 07/06/2011
The German government adopted nuclear exit bill
The German government passed a bill, this Monday, which provides the phase out nuclear power in Germany by 2020, making the country the first major economic power in the world to turn away from nuclear.
read more... 07/06/2011