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The EU Council sanctions another two Libyan oil entities

The European Union on Thursday has included two Libyan companies in a sanction blacklist, accusing them of “acting on behalf of or at the direction of the [Gaddafi] regime”

read more... 12/08/2011

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Gulf Keystone makes the second significant oil discovery in Iraq

Gulf Keystone Petroleum Ltd., an AIM listed independent oil and gas exploration company announced a significant discovery at the Shaikan-1 exploration well, in the Kurdistan region of Iraq.

read more... 12/08/2011

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SunPower to report lower profit in the second-quarter of 2011

SunPower Corp. announced a decrease in revenue in the second the quarter by 147.9 million dollars, compared to a loss of 6.2 million dollars, or 7 cents a share, a year earlier, in the context of low demand across Europe. According to the Chief Executive of SunPower, Tom Wemer, the company will try to raise its profit by developing new projects and cutting manufacturing costs.

read more... 11/08/2011

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Daily energy Overview, Thursday, August 11, 2011

U.S. and Brent crude oil futures increased on Wednesday after the released report by the U.S. government about a decrease in oil inventories previous week and a late lift from pared losses on Wall Street.

read more... 11/08/2011

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Germany’s E.ON plans massive job cuts

Germany's biggest energy group, E.ON, registered Wednesday its first quarterly historical loss , following German government decision to phase out nuclear energy, which pushed the company to reorganize its activity, move that could affect up to 11,000 jobs.

read more... 11/08/2011

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