Latest news
New green tax for France
France’s Energy Minister Philippe Martin has announced last week that it is planning to introduce a new green tax, which should encourage industries and families to reduce energy consumption, assuring them that would not result in new tax increases, but he didn’t offered any details about what form it would take or when particulars would become available.
read more... 26/08/2013
Daily: German power prices down on a major production of wind and thermal
On Friday, Brent crude prices increased above 110 dollars per barrel sustained by optimistic business surveys which suggested that global economy is on the way to recovery and encouraging hopes for a higher demand for fuel. Brent crude prices increased 49 cents to 110.39 per barrel at 13:25 GMT, while U.S. crude oil prices decreased 19 cents at 104.84 dollars per barrel.
read more... 26/08/2013
Petroleum activities on the Norwegian continental shelf
The Norwegian oil adventure started with the discovery of Ekofisk in 1969 with the exploration activity that was concentrated on the North Sea. Ekofisk is the largest field on the Norwegian continental shelf, considered in terms of daily oil production and serves as a hub for petroleum operations in this region, with several fields utilizing the infrastructure at Ekofisk for further transport in the Norpipe system.
read more... 26/08/2013
Daily: German power prices up on lower solar power production
On Thursday, Brent crude remains above 110 dollars per barrel on optimistic data from China, the world's second largest oil consumer after the U.S. The U.S. crude oil benchmark, WTI, was traded at a discount to Brent of $5.50 after signs that US firms were diverting oil to Cushing, Oklahoma storage hub for the first time in the last year
read more... 23/08/2013
World largest CO2 recovery plant to be built in Saudi Arabia
Saudi Arabia intends to build the world's largest CO2 purification and liquefaction plant that would compress and purify about 1,500 tons per day of raw CO2. According to Saudi Basic Industries Corporation (SABIC) the plant will be based in the Jubail Industrial City while an estimated 500,000 tons of CO2 emissions will be saved each year.
read more... 23/08/2013