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Daily (09.12.2020): Oil prices ended rather steady on Tuesday as surging COVID-19 cases dampened other positive news
Crude oil futures posted little changes on Tuesday as the potential for expanded lockdown measures countered news about the beginning of vaccination programs across Western economies this week and EIA’s forecast of higher oil prices in 2021. Hence, Brent crude added 0.1% to end rather flat at $48.84 a barrel. Meanwhile, WTI crude settled at $45.60 a barrel, posting a 0.4% loss day-on-day.
read more... 09/12/2020
EDF to restart Hunterston B-7 soon
EDF has received regulatory approval to start generating low carbon power again from Reactor 3 at Hunterston B power station in Ayrshire, Scotland. This follows a two-year inspection and investment programme. EDF also said the plant will move into the defuelling phase no later than 7 January 2022. This is subject to a further inspection in the spring of 2021 and then regulatory approval for a final six months of operation.
read more... 28/08/2020
Ofgem announces £25bn investment programme to transform UK’s energy networks
The proposals aim to enable the delivery of emissions-free green energy across the country and meet national net zero targets, while also maintaining high levels of service and grid reliability
read more... 10/07/2020
IAEA commends French nuclear waste programme
The International Atomic Energy Agency (IAEA) has released the final report from its January 2018 mission to France to review radioactive waste management and decommissioning in the country. The review team said it had been "impressed with the nature and implementation of the French national programme".
read more... 20/05/2020
Total to slash over $2.5 billion from E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019. Total will also suspend its buyback program.
read more... 24/03/2020