Latest news
Russian government seeks offshore oil spill funds
The Russian Prime Minister Vladimir Putin proposed on Wednesday a bill that would require the Russian companies engaged in the exploration of crude seeking to obtain offshore extraction licenses, to set apart financial reserves which could be used in case of an eventual oil spill.
read more... 24/06/2011
Bulgaria to freeze the construction of trans-Balkan pipe
According to the Environment Ministry declarations, Bulgaria has rejected for a third time the report on environmental impact assessment of the Bourgas–Alexandroupolis oil pipeline, aimed to pump Russian crude oil to Greece via Bulgarian territory.
read more... 24/06/2011
Daily energy Overview, Thursday, June 23, 2011
Crude oil futures went up on Wednesday supported by the report indicating a drop in crude inventories in the Unites States and the Federal Reserve policy announcement which left interest rates at a low level and supported expectations for a weak dollar.
read more... 23/06/2011
Biomass to contribute to achieving the Scottish renewable target
Biomass presents an important source used to generate renewable energy, mainly for Scotland that plans to achieve its 2020 target of producing 100% of its energy from renewable sources. Biomass is a valuable source that is not affected by different factors, such as weather, on which depend other types of renewable sources.
read more... 23/06/2011
BP receives a £46 million settlement from Weatherford
BP announced on Tuesday that it has reached agreement with Swiss-based Weatherford to settle potential claims between the companies related to the Deepwater Horizon accident.
read more... 23/06/2011