Latest news
Tax hike pushes oil firms to halt its North Sea investment projects
Two more giant energy companies, Scottish Gas, owned by Centrica and Valiant Petroleum have postponed their investment projects in the North Sea following a recent tax hike on oil production in the U.K.
read more... 31/03/2011
TAP chooses Greek pipeline as optimal route
The Trans Adriatic Pipeline (TAP) designed to deliver natural gas from the Caspian region to Europe via Greece, Albania, and Italy, has finished its route refinement study of the pipeline section between Thessaloniki (Greece) and the Greek-Albanian border.
read more... 30/03/2011
Russia may benefit from the Japanese crisis
Russia's reputation as a dependable energy exporter was badly denigrated by a series of pricing disputes with Ukraine which led to disruptions of Russian gas supply to Europe in the middle of winter. Additionally, Moscow was accused of using its natural riches to put pressure on its neighbors.
read more... 28/03/2011
Putin visits Serbia for pipeline deal
During his visit to Serbia on Wednesday, Russian Prime Minister Vladimir Putin assured Serbia that the building of South Stream gas pipeline will start as planned in 2013 and will be put into operation till December 2015.
read more... 25/03/2011
Daily Energy Overview, March, Thursday, 24, 2011
U.S. crude oil futures increased above 105 dollars a barrel at settlement on Wednesday, reaching their highest level in two-and-a-half year, supported by persistent military operations in Libya and unstable situation in the Middle East countries but also by falling U.S. gasoline stocks.
read more... 24/03/2011