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France to build a € 200 million euro pilot marine project
The French government will launch a tender on Saturday, envisaging the construction of pilot marine projects of 200 million euro ($267 million). The project is designed to spur the development of wave and tidal power.
read more... 18/09/2013
Daily: British wholesale gas at lowest level since March
Brent crude oil prices recorded a six-week low on Tuesday, as the major world powers met to draft a resolution that would require the destruction of Syria’s chemical weapons. Brent crude for November delivery traded $1.88 per barrel lower at $108.19, after trading as low as $107.41, the weakest settlement price since August 8. Meanwhile, U.S. crude for October delivery settled $1.17 per barrel lower at $105.42, below the 50-day moving average of $106.60, after trading as low as $105, its weakest level since September 3.
read more... 18/09/2013
Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 17/09/2013
Energy- hungry China to invest $13.07 billion in oil and gas exploration in 2013
China is expected to invest 80 billion yuan ($13.07 billion) in oil and gas exploration until the end of 2013, as it pledges to increase energy supplies and to curb its dependence on energy imports, according to the Ministry of Land and Resources.
read more... 17/09/2013
Daily: Crude oil prices drop on Middle East conflict settlement
Global oil prices declined on Monday as U.S. and Russian officials stroke a weekend deal to take out Syria of chemical weapons, increasing investors’ confidence.
read more... 17/09/2013