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Daily Energy Overview, Friday, February 11, 2011
U.S. crude futures went slightly up, while prices for ICE Brent March contract fell to 101.29 dollars a barrel, afterward the Egyptian President Hosni Mubarak announced to shift its position to the Vice President Omar Suleiman. Meanwhile, the March crude contract added 56 cents to 87.27 dollars a barrel by 21:13 GMT on the New York Mercantile Exchange.
read more... 11/02/2011
Gazprom’s net profit down 9 percent in the third quarter
Russia's Gazprom, the biggest producer of natural gas in the world, announced on Thursday that its net profit declined 9% during the third quarter due to losses from the foreign exchange shifts, higher costs and poor European demand.
read more... 11/02/2011
Renewable energy market growth with CSP technologies
Concentrated solar power represents a new market that needs to be developed in the global renewable energy market. By developing over 100 MW energy capacities, the CSP technologies will contribute to a cleaner future growth.
read more... 11/02/2011
PetroChina to invest $5.4 billion in Canadian natural gas field
PetroChina Ltd., the largest gas and oil producer from China, decided to purchase a 50 percent stake of a shale gas project from Canada’s Encana Corp for $5.4 billion, making the biggest ever investment in Canada’s natural gas asset.
read more... 11/02/2011
Daily Energy Overview, Thursday, February 10, 2011
Brent crude futures increased over 101 dollars a barrel on Wednesday supported by a weaker dollar and the continue turmoil in Egypt that would affect the oil supply in the region. Meanwhile, the ICE Brent March crude increased 1.90 dollars to 101.82 dollars a barrel.
read more... 10/02/2011