Latest news
Shell is concerned about pipelines vandalism in the Niger Delta region
Shell Petroleum Development Company is very concerned about vandalism attacks at its pipelines in the Niger Delta region. The company officials declared that 22 spills of pipeline occurred between January and February this year.
read more... 10/03/2011
Gamesa to enlarge its activity in over 3 years
Gamesa, the major Spanish wind energy company announced the increase of its India operations by 25 per cent of its total sales by 2014 as it expects a double growth in the domestic market over the next few years.
read more... 10/03/2011
Libyan trade affected by U.S. sanctions
Recent events in Libya have led the United States and other countries to impose sanctions on Libya. Due to these sanctions, a number of U.S. oil trading companies have pulled back from trading crude and refined products in and out of Libya and some large banks have withdrawn their funds.
read more... 10/03/2011
Daily Energy Overview, Wednesday, March 09, 2011
U.S. crude oil futures traded down on Tuesday following the statement of the Kuwait’s oil minister about the OPEC’s possible increase in oil production to cover any supply deficit that could arise from the Libyan conflict. The U.S. crude for April delivery eased 42 cents to 105.02 dollars a barrel, while the ICE Brent for April delivery edged 2 percent down being traded at 113.06 dollars a barrel.
read more... 09/03/2011
BG Group and Tokyo Gas sign a 20 year LNG supply deal
BG Group has inked a sales agreement with Tokyo Gas, a Japan-based company for the supply of 1.2 million tones of liquefied natural gas (LNG) per year for 20 years starting from 2015.
read more... 09/03/2011