Latest news
Gazprom and Total to jointly explore Bolivian energy fields
According to the head of Bolivian energy company, YPFB, declarations, Bolivia and Gazprom may sign an agreement within the next weeks to allow Gazprom to explore of hydrocarbons.
read more... 19/05/2011
Rosneft is looking for new partners
The Russian oil giant Rosneft announced on Wednesday that it will cease the cooperation with BP and will seek for other partners in exploring Arctic blocks, after the British company hesitated to honor its $16 billion share swap.
read more... 19/05/2011
New solar product to capture over 90 percent of sunlight
An engineer at the University of Missouri (USA), developed a new type of solar modules designed by the engineer’s team can capture more than 90 percent of available sunlight compared to the current solar panels on the market that can only collect only 20 percent of available light.
read more... 18/05/2011
Daily energy Overview, Wednesday, May 18, 2011
U.S. crude oil futures traded higher in the post-settlement trading on Tuesday after API released data indicating a decrease in gasoline and distillates stockpiles last week disregarding forecasts for an increase of inventory levels. By 20:35 GMT, U.S. crude for June delivery settled at 97.38 dollars a barrel, up 11 cents.
read more... 18/05/2011
China may face the worst power shortage this summer since 2004
According to a report by China Daily newspaper, China may face the biggest power shortage since 2004 this summer estimated to about 30 million kilowatts as the electricity consumption expanded very fast in recent years, along with the country’s economic boom with demand this year expected to increase of about 12 percent from last year to 4.7 trillion KW.
read more... 18/05/2011