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Energy Blast – Feb 8, 2011

Rosneft and Bashneft have both registered trade operations in Switzerland in the last month, ‘adding to Switzerland’s rising role in physical oil trading at the expense of London, which has seen the departure of several teams,says the FT.  Ukrainian officials are in talks with oil majors including Chevron, to seek investment for oil and gas projects; Chevron said it was willing to sign up, provided that political stability and clear tax rules could be guaranteed.  The Obama administration has announced a new offshore wind energy strategy allocating $50 million for research and outlining a fast-track approval plan for wind farms in certain zones.