New offshore wind installations in Europe posted a new record in 2013, with 1.57GW of capacity added, a one-third increase (34%) over 2012, according to figures unveiled by the European Wind Energy Association (EWEA). However, EWEA warns the growth is set to halt because the European offshore market is in a period of slowdown.
read more... 30/01/2014
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
Poland's government has announced on Tuesday its intention to go ahead with the plans to build two nuclear power plants. Currently, the country produces 90 percent of its electricity from coal but wants to diversify its fuel sources, making its energy sector more efficient. Poland has opted for nuclear, in a move which aims also to help meet the environmental requirements of the European Union.
read more... 30/01/2014
According to a new report by Deloitte's Petroleum Services Group (PSG) the number of fields which started producing oil and gas in the UK, last year hit its highest level in five years, as a number of operators have done more attention on development activity.
read more... 29/01/2014
Algeria is aiming to increase its oil and natural gas production by 50% and 100 percent respectively within 10 years helped by major exploration success last year and by shale gas which would have an important role to achieve the ambitious plan. The minister projected Algeria's recoverable reserves at between 25 and 30 trillion cubic feet.
read more... 29/01/2014