Latest news
New feed-in tariffs for anaerobic digestion in UK
The new feed-in tariff scheme for anaerobic digestion in UK was approved by the European Commission that took effect last September 30. Under the new scheme, the projects under 250 kW will receive 14 pence per kWh and 13 pence per kWh for projects with a capacity between 250 and 500 kW, while the anaerobic utilities up to 500 kW will receive 12.1 pence per kWh.
read more... 17/10/2011
Daily – Brent up for the sixth consecutive session
U.S. crude oil futures decreased in post settlement trading on Wednesday on industry released data about a huge drop in domestic crude stockpiles previous week, against forecast about a modest increase. Distillate and gasoline stockpiles also dropped much more than it was forecasted. By 20:33 GMT, NYMEX crude for November delivery traded at 85.01 dollars a barrel, losing 80 cents.
read more... 13/10/2011
BP to invest 800 million dollars in a wind farm
BP, a giant oil company, revealed its plans to invest 800 million dollars in the construction of a wind farm in Kansas (USA), Flat Ridge 2, as to strengthen its position as the major player in America’s rapidly growing renewable industry and boost the local economy by creating thus about 500 jobs.
read more... 13/10/2011
Global Recession Impacts Oil Demand Forecasts
Despite the recession in the United States and Europe, global oil demand may increase more than expected, mainly supported by stronger oil consumption in the Middle East and China, but also in Japan that underwent a tremendous economic transformation following a nuclear crisis.
read more... 13/10/2011
China reveals its shale gas output target
China, as the world’s second largest energy consumer, envisages the development of unconventional energy in order to meet its soaring demand for energy. Thus, the Chinese government revealed its plans to explore the country’s huge potential of shale gas reserves, as a result of some European countries’ decisions to ban the exploration of shale gas.
read more... 13/10/2011