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Siemens to build a gas turbine in Russia

The engineering conglomerate, Siemens will enter into a joint venture with the Russian company Power Machines OJSC to build gas turbines.

read more... 04/08/2011

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Daily energy Overview, Wednesday, August 03, 2011

U.S. and Brent crude oil futures decreased in the post-settlement trading on Tuesday on rising worries over the U.S. debt and after API data indicated a fall in crude oil inventories of 3.3 million barrels last week against forecasts of an increase in stocks.

read more... 03/08/2011

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Germany to boost its renewable share by 2022

After the German Government decided to completely shut down its nuclear power by 2022, the renewable energy became a more and more inquired energy source and attractive sector for investments. According to the European Wind Energy Association, Germany plans to add 1,800 MW of new wind power capacity during this year, 16% more as compared to 2010 with 1,551 MW.

read more... 03/08/2011

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Lukoil forced to admit price fixing

The Russian Federal Anti-Monopoly Service (FAS) declared that it is starting the third wave of anti-monopoly measures against Russia's top oil companies, including country’s largest private oil company Lukoil.

read more... 03/08/2011

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Nabucco’s future dependent on Azerbaijan

In the article entitled “Nabucco Pipeline’s Fate Hinges on Azerbaijan”, published by The Wall Street Journal, the author relates that the fate of the Nabuccco pipeline, which will be able to carry 31 billion cubic feet per year of gas linking the Caspian to Austria by traversing the heart of Turkey proposed in 2002, may depend on Azerbaijan.

read more... 03/08/2011

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