The U.K government launched a new Carbon Plan which outlines its plans for reducing carbon emissions and highlights the need to move to low emissions vehicles, including electric cars. The plan was revealed yesterday by the deputy Prime Minister, Nick Clegg and Energy secretary, Chris Huhne.
read more... 09/03/2011
Siemens recently decided to acquire Poseidon Group AS and Bennex Group AS from the Subsea Technology Group AS, Norway, in order to strengthen its position in the global rating of the subsea power industry.
read more... 09/03/2011
U.S. crude oil futures traded up on Monday following concerns on supply disruption because of continued violence in Libya and investors’ worries that it could influence other oil producers from the Middle East and North Africa.
read more... 08/03/2011
The UK energy trade association asks for financial support from the government for wave and tidal energy that could bring profits of £4 billion yearly by 2020 and create around 10.000 of green jobs.
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Petrofac, oil & gas services company has registered a 26% increase in profit in 2010, despite the unrests from the Middle East, exceeding its profit expectations and forecasting its net profit to rise at least 15% in 2011.
read more... 08/03/2011