Latest news
Total and E.ON to abandon a pipeline to convey Azeri gas to Italy
France's Total and Germany's E.ON intend to exit the Trans Adriatic Gas Pipeline (TAP) to convey Azeri gas to Italy, since decreasing Italian demand puts energy projects into doubt, according to Vagif Aliyev, SOCAR's investment department manager at Azeri SOCAR.
read more... 04/06/2014
Alpiq purchases UK’s Flexitricity to have access to power management market
Swiss energy firm Alpiq declared on Tuesday it had bought British electrical service company Flexitricity, since it want to tap into electricity demand management market.
read more... 08/04/2014
Spain prompted to tap its oil and gas potential
Spain could be transformed into a gas exporter by 2031 while producing 20% of the oil it consumes, according to a report released by consultancy Deloitte.
read more... 01/04/2014
The U.S to become the world’s largest producer of oil and gas
According to a Wall Street Journal analysis, the United States will become the world's largest producer of oil and natural gas by the end of 2017 surpassing Russia. This could happen thanks to a boost in US fuel production determined by technology which will allow energy companies to tap into oil and gas in underground shale rock formations.
read more... 04/10/2013
TAP has won the tender to carry gas to Europe
The Shah Deniz II consortium has announced yesterday that it has made the choice and selected the Trans Adriatic Pipeline to carry gas to Europe, defeating the Nabucco West consortium. TAP is expected that will transport more than 20 billion cubic meters per year of natural gas from the Shah Deniz II field in Azerbaijan, through Greece and Albania to Italy and further into Western Europe. Nabucco West and TAP were the only two bidders in the project to transport the Azerbaijani gas.
read more... 27/06/2013