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UK: Shale gas could cut reliance on gas imports and reduce emissions
The new shale gas allowance will help the UK to cut its reliance on imported gas making the nation energy independent and helping also to reduce gas emissions. According to some studies, shale gas is the only way to counterbalance the effects of the growing reliance on imports.
read more... 21/03/2013
EDF gets green light for the construction of Hinkley Point C nuclear reactor
The French energy major EDF got green light from UK’s energy secretary on Tuesday to build the nation’s first new nuclear power station at in Somerset in almost 20 years.
read more... 21/03/2013
Japan to install 5 GW of solar PV, overtaking Germany and US
According to IHS IMS in 2013 Japan will grow by 120 % and will install over five GW of PV systems overtaking Italy, Germany and the USA in the installation of photovoltaic (PV) capacity. Installations are probable to surpass 1 GW in the first quarter of 2013, causing it to become the second largest market of the year.
read more... 20/03/2013
Total sells 25% stake in Tempa Rossa oil field
France-based multinational oil and gas company Total, has decided to sell a 25 % stake in the Tempa Rossa oil field, which is situated in the Basilicata region of southern Italy, to Mitsui E&P Italia. Total, which has discovered the Tempa Rossa oil field in 1989, and has operated the concession since 2002, will remain operator of Tempa Rossa with a 50% stake.
read more... 20/03/2013
Daily: UK spot gas prices remain high on cold weather, tight system
Brent crude oil futures dropped 2 percent to a three-month low under $108 a barrel on Tuesday on uncertain bailout plan in Cyprus which increased worries about the euro zone debt crisis.
read more... 20/03/2013