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BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011
Daily Energy Overview, February 21, 2011
U.S. crude oil futures traded lower on Friday. In London, April Brent crude shed 7 cents to 102.52 dollars, while NYMEX April crude added 87 cents to 89.71 dollars setting a Brent’s premium against U.S crude at 12.81 dollars from 13.75 dollars on Thursday.
read more... 21/02/2011
Nabucco’s future decided by Azeri gas deliveries.
The chief executive of Austrian OMW, Wolfgang Ruttenstorfer reported to the Austrian newspaper, Kurier that the Nabucco gas pipeline project will be implemented only if the project partners will be able to secure big gas deliveries from Azerbaijan in the next months.
read more... 21/02/2011
DEG to finance the development of wind energy sector in Thailand
Recently, several German companies (Deutche Investitions- und Entwicklungsgesellschaft along with Energiequelle and Umweltconsulting) announced the development of the wind energy sector in Thailand.
read more... 21/02/2011
Oil spill in the Norwegian national park
An Icelandic cargo ship was leaking oil in a Norwegian national park on Friday after running aground and breaking two 250-ton fuel tanks.
read more... 21/02/2011