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Daily: Brent up to $94, but at the deepest quarterly loss since 2008

Brent rallied alongside other commodities on Friday, up 2$ after European leaders found a strategy to tackle increasing borrowing costs in Italy and Spain, but settled at the deepest quarterly loss since 2008.

read more... 29/06/2012

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Daily: UK gas traded higher on Norway imports decline

Brent crude oil prices touched a one-week high above $99 a barrel on Monday after Greek pro-bailout political parties won enough seats to form a joint government, but prices have rapidly came off peaks installed as focus returned to other European countries hit by the debt crisis, as Spain and Italy.

read more... 18/06/2012

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Italy to reconsider 2010 offshore drilling ban

The Italian government is expected to repeal a ban on offshore oil and natural gas drilling enacted in the wake of the 2010 oil spill in the Gulf of Mexico, an official said.

read more... 06/06/2012

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Italy’s Eni makes a significant oil discovery in Egypt

Italy’s energy giant Eni unveiled an important oil find in Egypt's Western Desert, at the Emry Deep exploration prospect, located in the Meleiha Concession, 290 kilometres southwest of the port city of Alexandria.

read more... 25/05/2012

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Italian solar market to drop in 2012

Italian solar power market is likely to decrease to 1,500-2500 MW in 2012 due to a planned cut in incentives following a strong increase in 2011 endorsed by a special decree placing Italy on the top among global solar markets. Italian solar power market is the world’s second largest one and a precise forecast for further its maturing appears to be a difficult problem.

read more... 09/05/2012

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