Latest news
Russia to raise LNG supply to Japan
Russia is disposed to increase liquefied natural gas supplies to Japan, which is facing power shortages after high magnitude earthquake on Friday, has damaged the reactors at one of the country's nuclear power plants.
read more... 15/03/2011
Shell reveals a major oil discovery off Brunei
Royal Dutch Shell Plc, Europe’s largest oil company, announced on March 14th a major deepwater crude discovery offshore Brunei.
read more... 15/03/2011
Daily Energy Overview, Monday, March, 14, 2011
U.S. and Brent crude oil futures traded down for a fourth day in five on Friday after the enormous earthquake in Japan and spread worries about a lower oil demand from the third largest oil consumer in the world.
read more... 14/03/2011
Iceland’s geothermal energy to Europe through the longest sub-sea electric cable in the world
The Iceland’s state energy company, Landsvirkjun plans to manufacture the longest sub-sea electric cable in the world that could allow Iceland to export its abundance of geothermal energy to interested European countries. This is not a “knowhow” in the renewable energy industry with the first researches undertaken since 1980.
read more... 14/03/2011
Exxon to increase its crude output by spending $100 million a day
Exxon Mobile Corp. declared that they plan to spend $100 million each day for the next five years on capital projects like new oil wells and natural gas plants.
read more... 14/03/2011