Latest news
Explosion at a French nuclear power plant
An explosion occurred at the Tricastin Nuclear power plant on Saturday; just two days after the French nuclear safety regulators discovered 32 safety concerns at the plant. The explosion took place in an electric transformer placed in the non-nuclear part of the plant and no leak of radiation was found.
read more... 05/07/2011
Kazakhstan to boost its oil exports
The construction of an oil pipeline started on Friday in Kazakhstan that will lead to an increase in oil exports from an oil field owned by the major energy company Chevron Corp. It marked the start of work enhancing the Caspian Pipeline Consortium route in the Western part of Kazakhstan.
read more... 05/07/2011
Daily energy Overview, Monday, July 4, 2011
Crude oil futures decreased on Friday after three days of gains as low Chinese factory data raised concerns over demand, while a report on stronger US manufacturing activity supported the market. U.S. crude oil futures for August delivery traded at 94.94 dollars a barrel, down 48 cents after a trading range from 93.45 to 95.39 dollars, while ICE Brent for August delivery settled at 111.77 dollars a barrel, down 71 cents after a trading range between 109.50 and 112.48 dollars.
read more... 04/07/2011
Duke Energy asks for a 17 % increase on North Caroline households
Duke Energy Corp. addressed a request to the North Carolina regulators asking to increase power prices for households by 17%, and to 11.5 % for its allowed rate of return on shareholder, a change that would add around 19 dollars to the monthly power bills. This move will increase company’s revenue by 646 million dollars.
read more... 04/07/2011
Exxon Mobil says oil leaked into Yellowstone River
Exxon Mobil Corp. announced a leak of about 1,000 barrel of crude oil into the Yellowstone River in Montana on Saturday, with 1 barrel of oil equivalent to 42 gallons (163 liters).
read more... 04/07/2011