Latest news
Statoil doubled its net income in 2011
Statoil ASA, Norway’s largest oil and natural gas company is aiming to spend about $3 billion for the completion of approximately 40 wells during 2012, following its plans to raise production to 2.5 million barrels of oil equivalent a day in 2020, as it expands abroad and seeks to maintain production at home.
read more... 09/02/2012
Is Europe well supplied with gas to overcome the cold snap?
Gas supplies to the frozen European Union from Russia improved at the weekend but have not fully recovered, the European Commission said, as Italy convened a crisis committee to handle what it called critical shortages of Russian gas.
read more... 08/02/2012
Hydropower Regulatory Efficiency Act introduced by the U.S. House of Representatives
The Hydropower Regulatory Efficiency Act (H.R. 3680) was recently introduced by Reps. Cathy McMorris Rodgers and Diana DeGette in the U.S. House of Representatives. It comprises several amendments to be applied on small and conduit hydropower facilities, as well some changes to be made in the licensing process.
read more... 20/12/2011
IEA: Singapore to become an LNG-trading hub
With a record demand for LNG in Japan and a boom in North American supplies, natural gas is expected to play a key role in the global energy mix of the future, with the International Energy Agency (IEA) saying it could well be a “golden age” for gas, paving the way for an LNG trading hub in Asia.
read more... 16/12/2011
Repsol - new good quality oil discovery in Brazil
Repsol Sinopec Brazil, together with Petrobras and BG Group have made a new oil discovery, Abarè well, in the Carioca area situated in block BM –S-9. First tests have encountered in the carbonate reservoirs, at a depth of 4,830 meters, the presence of good quality oil with a gravity of 28 degrees API.
read more... 18/11/2011