oil
Germany: Crude oil prices hit all time high in 2011
28/02 | Figures released by the Federal Statistical Office, show that crude oil prices rose to unprecedented levels last year. German companies paid an annual average of EUR583 per tonne imported in 2011, a significant jump versus EUR506 in 2010. This is despite the fact that unrest in North Africa and Iranian ...
Italy faces gas shortage - oil plants ready to support national demand
07/02 | Italian daily Quotidiano.net reports on the gas supply issues currently affecting Italy as a result of freezing weather and the reduction in the Gazprom Russian supply. Approximately 24,000 home users are now without electricity and heating which has led the government to invoke an emergency plan. With Italy consuming 40% ...
ITALY: GE Oil & Gas annual meeting ongoing in Florence
31/01 | GE’s Oil & Gas annual meeting opened yesterday in Florence. This event brings together leaders from around the globe to explore advanced technology solutions for all segments of the oil and gas industry. During the two day event, panel discussions will cover topics such as working together to develop solutions ...
Algeria: Overdependence on oil is dangerous
17/05 | Prime Minister Ahmed Ouyahia is worried about Algeria's dependence on oil. It is well documented that the national economy is based primarily on hydrocarbons that contribute to over 90% of revenue in the country. Mr. Ouyahia, speaking before members of the National People's Congress (NPC), said domestic oil production will ...
Getting Europe's transportation sector off oil
18/04 | In medicine, addiction is usually defined as a physical and psychological dependence on a substance - despite the negative consequences associated with it. The developed world's addiction to oil is no different: it involves both our physiology, i.e. the way our societies and businesses are structured and run, and our psychology - the way we relate to transport, power generation, and international relations. In spite of all adverse consequences.
