Latest Articles about Energy

Russian Interests Continue Expanding into German Oil Industry

On May 31, the Gunvor oil-trading company, 45 percent owned by Gennadiy Timchenko, announced its full acquisition of the Ingolstadt oil refinery in Germany, the top-performing plant of the insolvent Petroplus concern. The acquisition price is not disclosed.Russian President Vladimir Putin paid a working visit... MORE

China’s Hydropower Miscalculation

China’s Jinsha River, literally the “Golden Sands” River, could soon live up to its rich name. The approximately 2300-km long upstream section of the Yangtze River is the site of up to 25, planned large-scale (50 MW and above) hydropower projects (Caixun, May 4; Dongfang... MORE

Ukraine Chooses Shell and Chevron to Extract Shale Gas

The Ukrainian government has chosen Shell and Chevron to develop its shale gas fields. Their first drilling results are expected in 2013-2014. Whether or not these results match expectations will be a test for Ukraine’s ability to cut its umbilical cord to Russian gas. Without... MORE