Latest news
World’s largest wind turbine producer says “Goodbye” to the oil industry
Denmark is getting rid of its last oil company as the petroleum age is slowly dying out. The most recent deals is the acquiring of Maersk Oil by the French giant Total for $7.45 which follows the sale of Dong Energy’s North Sea oil and gas production to Ineos AG.
read more... 30/08/2017
Coal-generated power hit 135-year low in UK
Last month coal reached a historical low in the UK’s total energy mix, contributing only 2%, or the lowest level in the last 135 years. On the other side, gas-fired power represented around 40% of the total energy in the UK, nuclear power made up 32% and renewables accounted for 18%.
read more... 30/08/2017
Daily (30.08.2017): European carbon prices fell by 1% on Tuesday due to a weak auction
Oil prices rose on Tuesday as the inventories have been drawing at a remarkable pace over the past few weeks and months and the remnants of Hurricane Harvey continues to ravage Houston, the energy capital of the U.S. Brent crude increased by 0.21% to settle at $52.00, while the WTI price ended down by 0.17% at $46.49 a barrel.
read more... 30/08/2017
Russia: Q2 net income of Gazprom falls by 80% year-on-year, forecast missed
Russia’s Gazprom declared recently that the net income for the second quarter fell lower than expected compared to the same period of 2016, or by over 80% to 48 billion roubles ($817.3 million), because of losses related to foreign exchange rates. The forecasted amount earnings for second quarter was 50.2 billion roubles.
read more... 30/08/2017
Saudi Arabia seeks bids for the construction of 400MW wind farm
The Renewable Energy Project Development Office (REPDO) of Saudi Arabia has released a request for proposals (RFPs) for the construction of a 400MW wind farm at Dumat Al Jandal in the AL Jouf locality of the kingdom.
read more... 29/08/2017