Latest news
BP invested $33 billion in Azerbaijani energy fields
The British energy giant, BP has invested $33 billion in developing Shah Deniz and the Azeri-Chirag-Guneshli (ACG) field, which will involve as well the construction of the Baku-Tbilisi-Ceyhan and the South Caucasus pipelines.
read more... 04/11/2011
EU Commission to award 12.5 billion dollars for transmission systems
As to reach its targets of generating 20% of green power of the total electricity demand, the European Commission released its energy infrastructure plan worth 9.1 billion Euros (12.5 billion dollars) as to modernized its transmission systems for its smart grid (installing new pipelines and power grids) and for the renewable energy applications for the period 2014-2020.
read more... 25/10/2011
Eni: major gas pipeline tranzaction
The Italian energy group, Eni said on Thursday that it had signed an agreement to sell to Belgian operator Fluxys G its stakes in the gas pipelines Transitgas and TENP.
read more... 23/09/2011
Baltic countries to break Russia’s energy grip
On July 13, Lithuania took the decision to become the first European Union to adopt a liberalization law which will involve the separation of pipelines from Gazprom's control by "unbundling" - an anti-monopoly measure.
read more... 15/07/2011
BP to pay $25 million penalty following the Alaska oil spill
BP has to pay a $25 million penalty fee and spend other $60 million for improvement measures following the spill of more than 5,000 barrels of crude oil from the company's pipelines in Alaska in 2006, declared on Tuesday the US Department of Justice (DoJ) and the Environmental Protection Agency (EPA).
read more... 04/05/2011