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E.ON to invest 7 billion euros in renewable energies

E.ON announced on Thursday its intentions to invest 7 billion euros in renewable energies over the next five years for the development of new power generation projects. The German utility plans to commission a new offshore wind farm every 18 months.

read more... 21/12/2011

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CNOOC: a subsea leakage in Zhuhai terminal

China's offshore oil and gas producer CNOOC reported a leak in a subsea pipeline at its Zhuhai Henggin gas processing terminal in South China's Guangdong province, prompting the halt of some platforms at the Pangyu 30-1 and Huizhou 21-1 fields.

read more... 20/12/2011

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UK - global leader in offshore wind energy

The latest statistics of the European Wind Energy Association show that UK is leading the global offshore wind energy market with 1,341 MW of offshore installed capacity.

read more... 13/12/2011

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Iran discovers huge offshore gas field in Caspian Sea

Iran has discovered a huge gas field in the territorial waters of the Caspian Sea with a reserve of at least 50 trillion cubic feet, Iranian Oil Minister Rostam Qasemi announced on Sunday.

read more... 12/12/2011

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UK renewable sector sees crash in investments

The development of new renewable capacity fell significantly this year following a “dash gas” policy of the big six British energy suppliers that could damage UK’s climate change targets and keep households bills up. UK’s offshore wind market underwent a strong decline this year with only 540 MW of new onshore and offshore installed capacity, comparing to 1, 192 MW installed last year.

read more... 06/12/2011

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