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BP agreed to sell a share of its pipeline assets to Buckeye

BP Products North America announced yesterday that it signed a deal to sell some of its refined petroleum products terminals and pipelines to one of the leading petroleum distributors in the US, Buckeye Partners L.P, for $225 million.

read more... 21/03/2011

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Oil prices increase by more than $2 following Libya attack

Brent climbed more than $2 on Monday to $116 as the US and other western governments launched a military offensive in Libya.

read more... 21/03/2011

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Daily Energy Overview, Friday, March, 18, 2011

U.S. crude oil stockpiles raised more last week as it was predicted, following increase in imports, while gasoline and distillates stocks decreased.

read more... 18/03/2011

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Largest wind turbines testing centre opened in the Netherlands

A new testing facility was opened in Netherlands, at the Wageningen University and Research Centre which will provide management and testing services for innovative wind turbines manufacturers. The testing centre is the largest facility of its kind in Europe and it was built by the Dutch Company, Ecofys Wind Turbine Testing Services (WTTS).

read more... 18/03/2011

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The European Investment Bank will grant funds for the construction of a gas plant in France

The European Investment Bank and POWEO Toul Production S.A.S, an indirect subsidiary of VERBUND AG, announced they sealed a €165 million finance contract for the building and exploitation of a 413 MW Combined-Cycle Gas Turbine (CCGT) power plant at Toul, in Eastern France.

read more... 18/03/2011

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