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French Total acquires a 23% stake in U.S. gas project group Tellurian

Total, the French multinational integrated oil and gas company and one of the six “supermajor” oil companies in the world, will buy a 23 percent stake in Tellurian Investments, a private U.S. gas projects operator, for $207 million.

read more... 21/12/2016

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Emerging nations see 11-fold increase in solar investment

Emerging nations have seen solar energy investment raise by 11 times since 2010.

read more... 21/12/2016

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Daily: Oil prices up, but below session highs on Libya’s pipeline restarts

Crude oil prices boosted on Tuesday but closed below session highs after Libya unveiled the restarts of pipelines after a two-year blockade that ended earlier this month. Benchmark Brent crude for February delivery rose by 43 cents, or 0.8 percent, to settle at $55.35 a barrel after touching an intraday high of $55.92. U.S. crude futures a gained 1.46 percent to $52.88 a barrel. Libya expects to add 270,000 barrels a day in state production in the next three months.

read more... 21/12/2016

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Drax coal station gets the green light from the EU to switch to biomass

Drax, one time one of the major polluters in Europe, has obtained the permission from the European Commission to convert its third power generating unit to biomass. Currently, Drax produces enough electricity to power more than 3 million households.

read more... 20/12/2016

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Belgium obtains €438 million for offshore wind farm

Belgium is getting €438 million (£363.5m) to back the construction of an offshore wind farm.

read more... 20/12/2016

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