Latest news
IEA: Coal to overtake oil as leading energy source by 2017
Coal is expected to surpass oil as the world’s top fuel in the next five years, according to a report issued by the International Energy Agency (IEA), posting a threat of more greenhouse gases injection into the atmosphere than ever before.
read more... 21/12/2012
Germany says yes to shale gas extraction
According to the U.S. Energy Information Administration, Germany has technically recoverable shale gas reserves of about 230 billion cubic meters. Hydraulic fracturing has been practiced in Germany since the 1960s, but was suspended recently on health and safety concerns.
read more... 18/12/2012
U.S: Solar PV industry installs 684 MW in the third quarter of 2012
According to the Solar Energy Industries Association, about 684 MW of solar PV capacity was installed in the third quarter of 2012, up 44% in comparison to the same period of 2011. In the first 10 months of 2012 solar alone increased by 133%, with total U.S. solar PV power capacity amounting now over 5900 MW, with 1.2 gigawatts of solar photovoltaics installed, bringing 2012 installations to 3.2 gigawatts, enough to supply with power about 1 million households.
read more... 13/12/2012
EIA: U.S. oil production to hike at a record level in 2012
U.S. crude oil production is hiking at the fastest pace in history, according to data released by the U.S. Energy Information Administration (EIA), marking the largest rise in annual output since the beginning of U.S. commercial crude oil production in 1859.
read more... 12/12/2012
GDF Suez: Income is expected to fall next year as demand slows due to economic crisis
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012