Latest news
E.ON increases its bills despite a drop in gas costs
Despite a drop in gas wholesale prices, which hit the lowest level this year, E.ON became the last of the six energy suppliers to boost the bills for the consumers by 18% for gas and 11.4% for electricity from September, copying the earlier decision of British Gas, Scottish Power and Scottish & Southern.
read more... 08/08/2011
Daily energy Overview, Thursday, August 04, 2011
U.S. and ICE Brent crude oil futures paired loses on Wednesday driven down by an increase in U.S. oil inventories and rising worries over slowing economic growth and data indicating low fuel demand that suddenly decreased gasoline futures.
read more... 04/08/2011
Siemens to build a gas turbine in Russia
The engineering conglomerate, Siemens will enter into a joint venture with the Russian company Power Machines OJSC to build gas turbines.
read more... 04/08/2011
Nabucco’s future dependent on Azerbaijan
In the article entitled “Nabucco Pipeline’s Fate Hinges on Azerbaijan”, published by The Wall Street Journal, the author relates that the fate of the Nabuccco pipeline, which will be able to carry 31 billion cubic feet per year of gas linking the Caspian to Austria by traversing the heart of Turkey proposed in 2002, may depend on Azerbaijan.
read more... 03/08/2011
Gazprom Neft gets 30% in Cuba’s offshore blocks
Gazprom Neft, the subsidiary of Russian major Gazprom, has inked a Supplementary Agreement to the Production Sharing Contract (PSC) with Cuba's national oil company Cubapetroleo and Malaysia's oil and gas company Petronas on four blocks on the Cuban shelf of the Gulf of Mexico, the company said on Monday.
read more... 02/08/2011