Latest news
Royal Dutch Shell: Quarterly earnings plummet over 70%, challenged by low oil and gas prices
British oil major Royal Dutch Shell reported a sharp drop in its quarterly profits, down by more than 70%, below analysts’ expectations.
read more... 28/07/2016
EDF shareholders authorize $4.4 billion fundraising for nuclear electricity
Shareholders at EDF have approved a $4.4 billion equity fundraising that will go towards paying for the UK’s Hinkley Point C plant as well as improving other nuclear facilities in France.
read more... 28/07/2016
Daily: UK gas prices hit by supply glut
Crude oil prices declined 3 percent on Wednesday, with WTI crude futures reaching three-month lows, as U.S. crude and gasoline inventories hiked on low demand during the peak summer driving season. U.S. West Texas Intermediate (WTI) crude futures fell $1, or 2.3 percent, to settle at $41.92 a barrel. WTI's session low was $41.68, the weakest level since April 20. Brent futures eased $1.40, or 3.1 percent, to close at $43.47 a barrel. Brent earlier slipped to $43.33, the lowest since May 10.
read more... 28/07/2016
GE accomplishes gas turbine improvement in Egypt
General Electric has performed modernizations on two GE 9FA gas turbines at the 750 MW Nubaria combined cycle gas-fired power plant in Beheira, Egypt.
read more... 27/07/2016
Europe: Wind power becomes more affordable than nuclear
Wind energy has officially outstripped nuclear power as the most affordable energy source at least in countries neighboring North Sea.
read more... 27/07/2016