Latest news
Eni has made an important oil and gas discovery in Congo
Italian oil and gas company Eni has made an important oil and gas discovery in the Marine XII block located about 17 km offshore Congo, at the Nene Marine 3 well. According to the company, the field where the well is sited might contain about 1.2 billion barrels of oil and 30 billion cubic metres of gas in place.
read more... 19/02/2014
Daily: European coal prices fall on warm weather outlook
Brent crude oil futures increased on Tuesday, touching the highest level in 2014, since oil supply continued to fall in Libya and South Soudan rebels attacked a key oil town, and because of the protests in Venezuela which destabilized the situation. Meanwhile, U.S. crude oil futures boosted by more than $2 a barrel on Tuesday to attain a fresh four-month high on higher heating oil prices, encouraged by stronger demand amid cold weather.
read more... 19/02/2014
Greek heavy industry on verge of collapse
The Greek heavy industry is experiencing a collapse period as Halyvourgiki and Hellenic Halyvourgia, two of Greece's biggest steelmakers are likely to lose the fight for survival.
read more... 19/02/2014
Ireland: wind farms could help reduce energy bills
Ireland is an excellent location for developing both onshore and offshore wind farms, due to its favorable climate, and the wind speed means that there are many wind farm sites which offer a high capacity factor for generation. The country has one of the greatest wind energy resources in Europe and it is important to exploit them efficiently, so as to create jobs and bring benefits to communities.
read more... 19/02/2014
Renewables and nuclear account for more than 50% of Europe’s energy capacity
According to a new report released by Eurostat this February 17, nuclear power and renewables represent more than 50% of Europe's energy capacity.
read more... 18/02/2014