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Stronger energy cooperation between China and US accomplished

A new stage was accomplished at the third round of the China Strategic Economic Dialogues that took place in Washington (USA) on May 10th at which several “energy subjects” were discussed, mainly focused on the joint development of innovative power grids and large scale wind power projects, as well as establishing commercial activities tied to natural gas, shale gas and bio-jet fuel and information share in energy management experience.

read more... 25/05/2011

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TNK-BP plans to sue BP seeking $10 billion in damage

Russia's half of the TNK-BP joint venture intends to take proceedings against BP pretending the giant broke the joint venture's shareholder agreement. According to the sources close to TNK-BP, the company’s management will seek multibillion-dollar damage, equivalent to $10 billion, claiming it lost the opportunity to explore the Russian Arctic because of BP's actions.

read more... 13/04/2011

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Largest wind turbines testing centre opened in the Netherlands

A new testing facility was opened in Netherlands, at the Wageningen University and Research Centre which will provide management and testing services for innovative wind turbines manufacturers. The testing centre is the largest facility of its kind in Europe and it was built by the Dutch Company, Ecofys Wind Turbine Testing Services (WTTS).

read more... 18/03/2011

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CEZ’s nuclear expansion delayed by a weak electricity demand

Czech power utility CEZ has made some modifications in its cash-flow management policy in order to avoid the increase of indebtedness as fast as in the past.

read more... 14/10/2010

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