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Chevron’s chairman criticizes oil tax hike at North Sea
The head of Chevron, has criticized the recent tax hike on gas and oil production in North Sea saying that the decision could have “unintended consequences”.
read more... 19/04/2011
Daily energy overview, Thursday, April 14, 2011
Brent crude futures ended higher, after a drop in two sessions in a row, supported by the government data indicating a deep fall in gasoline stockpiles and the investors’ worries on lasting turmoil in Libya. ICE Brent May crude traded at 122.88 dollars a barrel, up 1.96 dollars, ahead the expiration of the May contract on Thursday.
read more... 14/04/2011
FuelCell Energy to award two contracts for renewable biogas processing and carbon capture
FuelCell Energy, a developing and manufacturing company of ultra-clean fuel cell power plants which generate electricity with up to twice the efficiency of conventional fossil fuel plants, announced the development of 2 renewable projects worth a total of 1.7 million dollars.
read more... 14/04/2011
EU proposing a tax on carbon emissions
According to the European Commission reports, the European Union proposed a tax floor of 20euros per metric ton on fuels that emit CO2, including gasoline, diesel fuel, natural gas and coal starting from 2013.
read more... 14/04/2011
Eni to acquire stakes in Ukraine’s Cadogan Petroleum
Cadogan Petroleum, an oil and gas company operating in Ukraine announced yesterday that it has inked with the major Italian energy firm Eni a strategic agreement for the acquisition of an interest in the company's Pokrovskoe and Zagoryanska licenses in the east of Ukraine, both licenses being located in the Dniepr-Donetz basin.
read more... 14/04/2011