Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Thursday, April 30th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


Government of Iraq Signs Power Generation Agreement with GE Energy Valued at Approximately $3 Billion

Wednesday, December 17th, 2008

Iraq Power Initiative Nearly Doubles Electricity Generation Capacity Baghdad, Iraq - December 16, 2008 : – The Iraqi Ministry of Electricity and GE Energy announced today at a ceremony in Baghdad ...


RWE Dea launches initiative to improve air quality

Tuesday, September 2nd, 2008

RWE Dea has announced plans to use electric motors to power the compression units of new gas storage facilities in upper Bavaria. In doing so, the company plans to allay ...


Emission-Reducing Technology Developed By GE Oil & Gas For Frame 5-2 Gas Turbines Wins Ecomagination Certification

Wednesday, February 6th, 2008

FLORENCE, ITALY - February 5, 2008 :- GE Oil & Gas today announced that its DLN-1 IBH emissions technology, which enables Frame 5-2 gas turbines running at partial load to ...