Repsol Sinopec declared on Wednesday it had launched gas production from a new field in the North Sea in a boost to the developing basin just days after EnQuest brought a new oil field online.
read more... 29/06/2017
On Monday, French grid network operator RTE announced in a monthly report about a 0.9% increase in electricity consumption in May, compared with the same period a year ago. The main factors were growing power consumption in the public transport sector and high cooling demand because of warmer weather.
read more... 28/06/2017
The EU promised to take the lead on climate after US President Donald Trump withdrew the country from the Paris Agreement. EU ministers took the first step on Monday, reaching mutual understanding towards implementing the Paris Agreement on lowering carbon emissions and limiting the effects of the global warming.
read more... 28/06/2017
Wind farm operators are seeking for a new generation of colossal wind turbines, taller than many skyscrapers, as they want to remain profitable after EU cancels subsidies, that have ruled the green industry since the 1990s. The main countries of the EU offshore wind industry - Denmark, Germany, the Netherlands, and UK - are looking to gradually reduce contributions over the next decade. Subsidies still account for almost 50% of EU wind projects' income.
read more... 28/06/2017
Chinese-owned Alinta Energy and a private Australian company are among the firms competing for the purchase of a coal-fired power plant in Australia from France's Engie SA, a sale that could bring in $1 billion, as mentioned by people familiar with the process.
read more... 26/06/2017