Latest news
Petroleum products consumption increased worldwide
The world’s consumption of petroleum products such as gasoline, diesel fuel, jet fuel, heating oil, and other products reached a record high last year, even if there was a decline in consumption in North America and Europe. According to the Energy Information Administration, in 2012 the world consumed about 88.9 million barrels of petroleum products per day.
read more... 30/08/2013
Poland obtained its first gas from fracking
Lane Energy Poland, an exploratory subsidiary of ConocoPhillips, is now extracting some 8,000 cubic metres of shale gas per day at a test well in the northern city of Lebork in Poland. Currently it pays some of the highest gas rates in all of Europe.
read more... 30/08/2013
UK: Electricity generation from renewable sources increased considerably
Within the UK, the total contribution of renewable electricity has grown by an amazing 52% in the last 5 years, driven significantly by a huge expansion in wind energy. According to the latest figures from the Department of Energy and Climate Change (DECC), wind and solar PV electricity production increased by about 30%.
read more... 30/08/2013
Daily: EU coal prices decreased on dollar growth
Brent crude prices boosted to a six- month peak on Wednesday, as the menace of Western countries involvement in the Syrian conflict augmented fears over Middle East oil supplies. Brent futures for October delivery increased $2.25 to settle at $116.61. During the session Brent futures reached a six-month high, at $117.34. U.S. crude futures was up $1.09 at $110.10 per barrel.
read more... 29/08/2013
Vattenfall submitted plans for a new wind farm in Scotland
Swedish energy company Vattenfall has presented plans for the construction of a new wind farm on the south west of Scotland. The South Kyle Wind Farm would have about 50 turbines and a capacity of more than 170 MW, which should be enough to meet the annual electricity power demand of more than 90,000 households. It is expected that it will cost more than £190 million to build the wind farm.
read more... 29/08/2013