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PetroChina into a refining deal with Ineos Group

PetroChina Co., China’s biggest energy producer, after agreeing to form a venture with U.K. refiner Ineos Group Holdings Plc, one of the UK’s largest private businesses, has acquired a strategic stake in Europe’s refining markets

read more... 11/01/2011

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New renewable supergrid project in the North Sea coming to Europe

New supergrid-project will be built in the North Sea and will be connected to wind farms of Scotland, solar panels of Germany and hydroelectric dams of Norway with green energy.

read more... 11/01/2011

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Daily Energy Market Overview, Monday, January 10, 2010

U.S. crude oil futures increased on Monday, with crude for February delivery on the New York Mercantile Exchange adding 94 cents to 88, 97 dollars a barrel.

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A new oil auction in Iraq

Iraqi head of Petroleum Contracts and Licensing Directorate, Mahdi Al Ameedi, said that Iraq plans a fourth licensing auction that will grant international companies a number of oil and gas exploration contracts, reported Gulf News. Ameedi did not mention how many oil and gas fields would be included in the auction.

read more... 10/01/2011

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Iran targets the European gas market via Turkish pipeline

Mr. Masoud Mirkazemi, the Iranian oil minister and Mr. Taner Yildiz, Turkish energy and natural resources minister met in Tehran on 8th January 2011. The discussion was based on issues of mutual interest.

read more... 10/01/2011

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