Latest news
Iraqi cabinet approved raw gas agreement
Recently, the Iraqi Government confirmed an agreement with Mitsubishi Corporation and Royal Dutch Shell creating a joint venture, called Basrah Gas Company (BGC) for gathering raw gas from three large oil fields, Rumaila, Zubair, West Qurna 1 and Majnoon situated in the southern part of the country. This is an important move toward reducing greenhouse-gas emissions, building a reliable energy supply and attracting more investments in the country.
read more... 17/11/2011
Gazprom Oil to upgrade its refineries before 2018
The Russian giant, Gazprom Oil alongside its Investment Program unveiled its plans to upgrade its refineries before 2018.
read more... 25/10/2011
BP makes biggest investment in North Sea history
The British oil giant, Europe's second-biggest oil company, was given the green light to perform a huge investment, of £4.5bn, in the North Sea oil field, this being the company’s biggest annual investment made in the U.K.
read more... 24/10/2011
EU-27: Gas demand to decline by 7.5 % this year
The European gas demand is likely to fall by about 7.5 % this year, due to a milder weather and climbing prices, recording the biggest year-on-year drop, even comparing to the period of the economic recession in 2009, when the gas demand dropped just by 6.2 %, according to a French investment bank forecast released on Wednesday.
read more... 21/10/2011
Germany to invest 100 Billion Euros in renewables
Germany’s federally-owned KfW banking group announced its investment bid for renewable energy worth 100 billion Euros over the next five years. Forasmuch as Germany is the largest photovoltaic market and leads the wind energy industry, this move will consolidate the investments’ outlook and give more attractiveness to green energy in the local businesses.
read more... 21/10/2011