Latest news
Vattenfall stops investments in German CCS pilot project
Swedish utility Vattenfall has shelved its plans for the construction of 300 MW carbon capture and storage (CCS) pilot project in Jänschwalde, Germany, following strong public opposition based on environmental concerns.
read more... 06/12/2011
UK renewable sector sees crash in investments
The development of new renewable capacity fell significantly this year following a “dash gas” policy of the big six British energy suppliers that could damage UK’s climate change targets and keep households bills up. UK’s offshore wind market underwent a strong decline this year with only 540 MW of new onshore and offshore installed capacity, comparing to 1, 192 MW installed last year.
read more... 06/12/2011
Norway oil, gas investments rising to a record in 2012
Total investments in oil and gas sector in Norway could hit a record of NOK184.6 billion ($32.0 billion) in 2012 from NOK152.6 billion in 2011, driven by continuous high oil prices and the need to upgrade ageing infrastructure, according to Statistics Norway.
read more... 02/12/2011
EIB to loan 235 million Euros for grid updates
European Investment Bank (EIB) has approved a loan worth 235 million Euros for the Irish network operator, Energy Supply Board (ESB) which constitutes half the investments required for the two-year program.
read more... 21/11/2011
Iraqi cabinet approved raw gas agreement
Recently, the Iraqi Government confirmed an agreement with Mitsubishi Corporation and Royal Dutch Shell creating a joint venture, called Basrah Gas Company (BGC) for gathering raw gas from three large oil fields, Rumaila, Zubair, West Qurna 1 and Majnoon situated in the southern part of the country. This is an important move toward reducing greenhouse-gas emissions, building a reliable energy supply and attracting more investments in the country.
read more... 17/11/2011