20 % of Australia's energy to come from renewable sources by 2020

Friday, 21 August 2009

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Australia's government struck agreement with opponents on Wednesday for 20 percent of the country's energy to come from renewable sources by 2020, unlocking a $22 billion investment rush and reviving hopes of a later emissions trade deal, says REUTERS.


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Manufacturers of clean energy in the US equipment eligible for 30 % investment tax credit

Friday, 21 August 2009

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The torrent of US stimulus funds flowing into the clean tech sector continued August 13 when the Treasury and Department of Energy jointly announced plans to award $2.3bn (£1.4bn) in new tax credits to manufacturers of clean energy equipment, says Businessgreen.com


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Canadian company has acquired a 25.5 per cent stake in the L11b North Sea offshore natural gas licen

Wednesday, 05 August 2009

Cirrus Energy Corp. has acquired a 25.5 per cent stake in the L11b North Sea offshore natural gas licence and related infrastructure from Chevron Corp. (NYSE:CVX), the Calgary-based company said Tuesday, August 4, 2009.



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Oil Falls for a Second Day on Forecast Stockpiles Gained

Wednesday, 05 August 2009

Oil fell for a second day before a government report that’s forecast to show U.S. crude inventories increased. An Energy Department report today will probably show crude stockpiles gained 600,000 barrels, analysts surveyed by Bloomberg said, compared with the 1.52 million-barrel decline posted by the industry-funded American Petroleum Institute yesterday. API data have moved in step with official figures 76 percent of the time in the past four years, Bloomberg data show.


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Eesti Energia group results for the first quarter of the financial year 2009/10

Saturday, 01 August 2009

The revenue of Eesti Energia for the first quarter of the financial year 2009/10 amounted to 146 million euros. The group posted an operating profit of 29 million euros and a net profit of 22 million euros. Positive contributors to the financial results included cost management program as well as an increase in the revenue from electricity sales, which was mostly influenced by an increase in export revenue.

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