Latest news
Venezuela: Major gas agreement with Eni and Repsol
Venezuelan state energy giant Petroleos de Venezuela (PDVSA) inked a supply contract with Italy's Eni SpA and Spain's Repsol YPF for development of the South American country's massive offshore Perla gas field.
read more... 27/12/2011
South Korea to invest about $12 bln in oil and gas development
South Korea announced its plans to invest 11.8 billion U.S. dollars in developing oil and natural gas resources in 2012 as a part of country efforts to guarantee a stable supply of energy for economic and industrial growth, the economy ministry declared on Wednesday.
read more... 22/12/2011
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
TNK-BP to invest $10bn in Arctic oil fields
Russian oil company TNK-BP, 50 % owned by BP, will invest up to $10 billion in Arctic oil field development and construction of a pipeline, enabling thus the export of its reserves to Chinese markets by 2016.
read more... 15/12/2011
EBRD to loan 253 million dollars to RusHydro
The European Bank for Reconstruction and Development agreed to provide a long-term loan to RusHydro subsidiary in Russia, worth 253 million dollars (RUB8bn). The loan is provided for 10 years and will be allocated for restructuring of a recently acquired subsidiary, OJSC Energy Systems of the Far East (ESV).
read more... 14/12/2011