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Civilian nuclear deal enables U.S., Russia to develop nuclear reactors.

One of the practical application of a new civilian agreement between Russia and United States could be the common development of nuclear reactors, sustained a Russian lawmaker on Tuesday. The so-called 123 agreement which focuses on closer cooperation on nuclear research, production and trade entered into force on 9th of December.

read more... 15/12/2010

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Shell adds new chief scientists to its thought-leadership group.

Shell appointed today three chief scientists to cover the critical industry departments of exploration, unconventional oil, and in-well technology. This appointment has the role to consolidate Shell’s existing group of six top scientific experts.

read more... 15/12/2010

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Energy Market Overview, Wednesday, December 15, 2010

Oil prices fell below $88 a barrel on Wednesday on fears over the health of the global economy and following U.S. inventory data suggesting weak demand by the world's largest oil consumer.

read more... 15/12/2010

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Lawmaker assures enough supply of LPG for Christmas

A lawmaker removed any concern of consumers, ensuring that there is sufficient supply of liquefied petroleum (LP) at an affordable price during the Christmas period. The LPG trade will not be affected by the Batangas-Manila oil pipeline shutdown.

read more... 14/12/2010

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Czech Republic puts tax on PV feed-in tariff, dents investor confidence

The government of the Czech Republic has ruled that all photovoltaic (PV) plants receiving the fixed 20-year feed-in tariff (FIT) will have to pay tax on the revenues generated with immediate effect.

read more... 14/12/2010

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