Latest news
Total and Eni Q2 profits hit by weaker US dollar and Lybian disruptions
The French and Italian oil giants, Total SA and Eni SpA reported on Friday lower quaterly earnings, despite higher prices for oil, blaming unfavourable exchange rates, a dollar weakness and production losses following war disruptions in Libya which closed some oil fields.
read more... 01/08/2011
Russia files a lawsuit against Bulgaria over delayed nuclear plant
Russia filed a lawsuit against Bulgaria’s National Electric Company (NEK) in order to accelerate the construction of the Belene nuclear power plant, the first in the EU that is totally dependent on Russian technology.
read more... 25/07/2011
Total to invest in Arctic gas terminal production
The French super major Total and Russia will jointly participate in the construction of an Arctic Sea terminal in Russia’s Yamal Peninsula, an investment estimated at 38 billion of dollars.
read more... 22/07/2011
German Vario completed 6.2 MW in the Slovak Republic
The German Vario green energy group ended the construction of six solar parks with a total power capacity of 6.2 MW. These are located in the Slovak regions Poltár, Biskupice and Rumince. The photovoltaic solar parks consist of 70,000 solar modules that will soon feed in 7 million kWh of electricity into the local grid, while the plant operators will get a remuneration of 38.23 Eurocents.
read more... 18/07/2011
Statoil makes new discovery near Oseberg
Norway’s Statoil ASA has discovered oil and condensate in the North Sea’s Krafla West prospect. Located around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters.
read more... 01/07/2011