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Energy

Europe to support reverse gas supplies to Ukraine – draft document
Countries taking part in the Eastern Partnership summit in Riga will support reverse gas supplies to Ukraine from Poland, Hungary and Slovakia, according to a draft declaration obtained by TASS.

21.05.2015 20:48

Solar panels can power the world – MIT study
An MIT report has found that regular solar panels like the ones used today could supply much of the world with power. They believe terawatts of energy could be produced by 2050 and say that investment, not technology, could be the biggest hurdle.

20.05.2015 15:22

China & Japan to lead global solar boom in 2015 - Bloomberg
Global solar panel production is expected to grow by almost a third this year which would be industry’s the best performance since 2011. China will take the lead, producing more than 75 percent of the world’s panels.

19.05.2015 10:10

Texas officially prohibits cities from banning fracking
A new Texas law signed by Republican Governor Greg Abbott prohibits cities and towns from imposing local ordinances to prevent fracking and other potentially environmentally harmful oil and natural gas activities.

19.05.2015 02:10

​US and Ukraine sign $1bn loan guarantee
The US has signed a $1 billion loan guarantee deal with Ukraine, and is prepared to consider giving additional loan guarantees of up to $1 billion at the end of 2015 if Ukraine continues implementing economic reforms and cooperating with the Congress.

18.05.2015 15:44

Oil price to reach $80 by 2017 – Iranian oil minister
Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy Oil Minister Rokneddin Javadi.

18.05.2015 07:04

Gazprom gets another $32mn prepayment from Ukraine for May gas deliveries
Russia’s Gazprom has confirmed its receiving another advance payment of $32 million from Naftogaz of Ukraine for May gas supplies. It’s Ukraine’s third installment this month, and brings the total paid in May to $102 million.

18.05.2015 09:35

Serbia wants to join Turkish Stream – foreign minister
Serbia is interested in joining the Turkish Stream gas pipeline project, as it wants to ensure energy security for its citizens and cut dependence on deliveries via Ukraine, said the Serbian Minister of Foreign Affairs Ivica Dacic.

15.05.2015 12:09

​Private US oil company to drill near Deepwater Horizon
A privately owned US oil company, LLOG Exploration Offshore has been given permission to drill near BP’s Deepwater Horizon, the place of largest oil spill in US history.

14.05.2015 16:28

Sailing through space: Tiny satellite to use solar wind for propulsion
A small satellite powered by solar sails will be launched on May 20. If it works, the technology could lead to cheaper space travel, as it uses particles and radiation from the sun to propel itself.

14.05.2015 14:06

Saudi Arabia claims success in tussle for oil market share
Saudi Arabia claims its oil price policy of taking investment away from US shale producers and other foreign competitors is succeeding. The OPEC kingpin continues pumping near record volumes to win market share in the global oil ‘battle’.

14.05.2015 07:35

Russian ruble hits 18-wk high
The Russian currency continues its recovery against the US dollar on Wednesday, trading at its highest level since the end of November 2014, as oil prices rise and investors see geopolitical risks diminishing.

13.05.2015 08:36