Latest news
No changes in Portuguese renewable incentives
Portuguese renewable sector was scared last month as IMF recommended to the local government to reduce its support for renewable sector after bailing out the overbalanced European economy, in addition to a fresh released report by Portuguese banking major BPI, which recommended softening support for renewables as to lessen country’s debt.
read more... 17/06/2011
Oil demand up 1.2 million bpd a year to 2016
According to IEA forecasting, the global oil demand will rise by an average of 1.2million barrels per day (bpd) or by 1.3 percent yearly from 2010 to 2016, with a continuous growth coming entirely from non-OECD countries.
read more... 17/06/2011
China exceeds US as world’s largest energy consumer in 2010
China became the world's top energy consumer in 2010, surpassing the USA during a year, according to the report “Statistical Review of World Energy” released by BP.
read more... 09/06/2011
German regulator criticizes petrol station oligopoly
The German regulator criticizes the way in which the five largest oil companies BP, ExxonMobil, Shell, ConocoPhillips and Total set the prices of motor fuel and is accusing them of price manipulation.
read more... 30/05/2011
Rosneft is looking for new partners
The Russian oil giant Rosneft announced on Wednesday that it will cease the cooperation with BP and will seek for other partners in exploring Arctic blocks, after the British company hesitated to honor its $16 billion share swap.
read more... 19/05/2011