Latest news
EIB to finance small and medium renewable energy projects in Italy
The “renewable” agreement was signed between the European Investment Bank (EIB) and Banca Monte dei Paschi di Siena (BMPS Italy) and makes part of the European Investment Bank objectives for sustaining European economy, as well a component of the agreement signed two years ago between EIB and the Italian Banking Association and Confindustria.
read more... 18/04/2011
Eni to acquire stakes in Ukraine’s Cadogan Petroleum
Cadogan Petroleum, an oil and gas company operating in Ukraine announced yesterday that it has inked with the major Italian energy firm Eni a strategic agreement for the acquisition of an interest in the company's Pokrovskoe and Zagoryanska licenses in the east of Ukraine, both licenses being located in the Dniepr-Donetz basin.
read more... 14/04/2011
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
Ratification of the Russian-Norwegian border agreement
Russian President Dmitry Medvedev signed on April 8 the ratification of the agreement with Norway on Maritime Delimitation and Cooperation in the Barents Sea and the Arctic Ocean.
read more... 12/04/2011
DONG Energy and Vestas to test new V164-7.0 MW offshore turbine
A new V164-7.0 MW offshore wind turbine will be tested after a recently signed agreement between DONG Energy and Vestas. The new Vestas wind turbines are designed to be installed in severe climate regions for large scale wind farms, mainly in the Northern European waters.
read more... 04/04/2011