Latest news
UK Coal sells assets
The largest coal miner in Great Britain, UK Coal, plans to sell most of its real estate assets, pursuing the goal of reducing its debt level, which is still growing, as a result of problems in production in its underground mines.
read more... 26/04/2010
Lindsey refinery acquisition
Oil Refinery Petroplus, based in Switzerland, has submitted a proposal to buy Total’s refinery Lindsey in the UK. In order to reduce its total production capacity of oil, Total, the largest oil company in France, intends sell its 223 000 barrels per day Lindsey refinery. This event was rather unexpected news.
read more... 23/04/2010
Strong growth of geothermal energy production in USA
US geothermal energy rose 26 percent in 2009, according to Geothermal Energy Association (GEA) report, updated April 2009, with 188 projects in progress in 15 states, which could generate 7,875 MW of electricity.
read more... 15/04/2010
USA showed more than 10% of renewable energy from total energy production in 2009
According to EIA (Energy Information Administration), renewable energy increased by 5.5 percent in 2009 as compared to 2008, and by 16 percent from 2007.
read more... 07/04/2010
Russian Oil Production established a record in March
Official data show that Russian oil production increased to a record high, from 10.08 billion barrels per day in February to 10.12 billion barrels per day in March. This was conditioned by factors, such as: rising demand and prices on the global market, the recovering global economy, etc.
read more... 02/04/2010