Latest news
Shanghai thermal power broke the world record for the lowest coal consumption in its power generation
Shanghai No.3 power plant’s mega kilowatt power generators broke the world record for the lowest coal consumption for its electricity generation, having reached a coal consumption of 279.39 g per KWh for a power generation of 11 billion KWh during last year.
read more... 22/02/2011
OPEC expects increase in global oil consumption in 2011.
OPEC forecasts an increase in the global oil consumption by 1.2 million bpd to 87.11 million bpd in 2011.
read more... 16/12/2010
Oil prices climb again as macroeconomic data show improvement.
Hopes over an improving economy followed oil prices surge on declining jobless claims by 34,000 to 407,000 last week, the new U.S. government data regarding consumer revenues increase of 0.5 percent and consumption growth of 0.4 percent, which added to the bullish trend of the benchmark oil price for January delivery as it gained $2.33 to $83.58 a barrel on the New York Mercantile Exchange.
read more... 03/12/2010
EU's plan to reduce coal consumption and CO2 emissions
Europe's energy chief will publicly announce this week his project for huge new gas pipelines, so called "electricity highways" and another project for 8,000 km of pipes for transporting and burying greenhouse gases.
read more... 16/11/2010
Melrose starts gas production in Bulgaria.
UK oil and gas explorer Melrose Resources has started its natural gas production in Bulgaria, exploration that could meet around15% of Bulgarian annual domestic gas consumption.
read more... 05/11/2010