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Philip Hammond: UK will keep its carbon tax frozen until April 2021
UK’s carbon tax will remain frozen at 2015 levels of £18 ($22.28) per tonne until April 2021, as confirmed by Philip Hammond on Wednesday, while presenting the government's Autumn Statement.
read more... 24/11/2016
Daily: British gas prices rebound due to an unplanned outage
Oil prices declined slightly on Wednesday as investors doubted that OPEC will agree to an output reduction large enough to curb significantly the global glut of oil as U.S. drilling increases. Oil prices oscillated thorough the day, opening lower in the morning and later shortly turning positive after the EIA said U.S. crude inventories unexpectedly declined 1.3 million barrels last week after three consecutive weeks of rises. Brent crude futures lost 17 cents, or 0.35 percent to settle at $48.95 a barrel. The U.S. WTI crude oil futures fell 7 cents, or 0.2 percent, to end at $47.96 a barrel.
read more... 24/11/2016
EIB will offer a funding for Polish power utility Energa's network
Polish state-controlled utility Energa declared on Wednesday it plans to issue hybrid bonds estimated at 250 million euros ($263 million) to the European Investment Bank (EIB) to finance investment in its electricity distribution network.
read more... 24/11/2016
EDF Energies Nouvelles mulls offshore wind partnership with China
EDF Energies Nouvelles (EDF EN), the renewable energy arm of French state-owned utility EDF, is negotiating with Chinese companies about a possible partnership to build offshore wind park in China.
read more... 23/11/2016
Lundin Petroleum makes more oil, gas discoveries in Barents Sea
Swedish energy company Lundin Petroleum said on Tuesday it discovered more oil and gas reserves at an existing field in the Norwegian Barents Sea.
read more... 23/11/2016