Latest news
Daily: Crude oil prices drop on both sides of Atlantic on ballooning stocks for heating oil
Crude oil futures on both sides of Atlantic dropped over $1 on Thursday, dragged down by high stocks of heating fuels.
read more... 10/01/2014
British offshore wind sector is fading on subsidies, steep costs
Britain has the most flourishing offshore wind energy sector in the world, but the sector is on the way to reach a turning point as companies scrap or scale back huge offshore wind farm projects amid sharp costs, estimated at several billion pounds for each project.
read more... 10/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014
Spain: wind power was the main energy source in 2013
According to a new report from grid operator Red Electrica de Espana, last year, Spain got the bulk of its electricity from wind power, which has narrowly beat out nuclear power and coal as the primary source of electricity for Spain in 2013. According to the figures, wind turbines met 21.1% of electricity demand while nuclear reactors provided 21% of power.
read more... 09/01/2014
EU ministers to call for a 2030 renewable target
A group of eight national energy and environment ministers has written a letter to Günther Oettinger, European commissioner for energy, and Connie Hedegaard, European commissioner for climate, calling for the European Commission to propose a new target for renewable energy for 2030. The letter is dated December 23 and was signed by ministers from Austria, Belgium, Denmark, France, Germany, Ireland, Italy and Portugal.
read more... 09/01/2014