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German and Dutch power supply to stay stable, supported by solar power generation

German and Dutch generating capacities are expected to stay stable during announced heats in Europe, but if high temperatures continue, some of the power plants that use water from rivers as cooling agent may shut down some of its generators.

read more... 12/07/2010

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Swiss authorities maintain the supplement for renewables at 0.45

The supplement for the renewable electricity in 2011 will be 0.45 Swiss cents, the same as in 2010. The supplement is paid by the consumers with the aim to finance the government green energy incentives to boost renewable production.

read more... 09/07/2010

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New offshore oil explorations for LUKOL in Black Sea

New oil sectors are available in the Romanian sector of Black Sea, where a consortium won the auction for the exploration and development of two blocks of 2,000 square kilometers, Est Rapsodia and Trident.

read more... 09/07/2010

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ABB to provide telecommunication systems for Statoil’s offshore operations

ABB won the contract to install and maintain telecommunication systems on Statoil offshore operation, a $23 million worth deal, for the next three years, with the option to extend the period one more year.

read more... 08/07/2010

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BP is looking for investors in UAE

BP is seeking investors to secure its shares from a potential aggressive takeover by bargain hunters in UAE.

read more... 08/07/2010

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