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Thursday, May 23, 2013

Factory smoke oil refinery, Roosevelt, Colorado (DI00418), Photo

Petra Petroleum Inc. Closes Private Placement Financing

Friday, September 28, 2012

Petra Petroleum Inc. (TSX VENTURE:PTL) is pleased to announce that it has successfully completed its previously announced brokered private placement (the "Private Placement") of 22,985,000 common shares of the Corporation (the "Common Shares") at a purchase price of $0.40 per Common Share for aggregate gross proceeds of $9,194,000. The Corporation received conditional approval of the Private Pl...

The new Energy Efficiency Directive

Wednesday, September 19, 2012

In the March 2007 EU summit the member states agreed on becoming 20% more energy efficient, reaching a 20% renewable energy target, and to reduce CO2 emissions by 20% by 2020. The later goals have already been reached, but the energy efficiency is hard to obtain. On the 11th of September, 2012, the European Parliament approved the Energy Efficiency Directive, reports the EurActive website. The ...

The conflict between Bulgarian NEK and Russian Atomstroyexport deepens

Wednesday, September 19, 2012

In March, 2012, Bulgaria scrapped the NPP Belene project. The final decision came after years of protracting. The project was started in the 1980s when Bulgaria decided to build a second Nuclear Power Plant on the Danube River, but it was discontinued in the early 1990s due to lack of money and environmental protests. In 2008 the former Bulgarian Prime Minister Stanishev decided to pick up t...

Turkey hesitates on the way to renewable energy

Tuesday, September 18, 2012

Turkey ranks as the second country with most potential for renewable energy, reports the Green Prophet website. Despite that Turkey’s resources are underdeveloped which causes energy imports and an account deficit of 66 billion Euros. Turkey has the potential to turn into a production and export base for renewable energy. The country has the capacity to produce 10GW of energy, but is currently ...