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ABB and Eni signed a $40 million contract for export terminal on Ionian Sea
Switzerland-based power and automation technology group ABB has signed a contract with the Italian Energy Company Eni, to extend the export terminal of Eni's refinery in Taranto, located in the 'Mar Grande' bay on the Ionian Sea in southern Italy. The contract between ABB and the multinational Italian oil and gas company, is part of Eni’s strategy to improve its refinery infrastructure and ensure a connection with the onshore Tempa Rossa oil plant.
read more... 12/02/2013
European coal demand is set to fall by 2015
Europe's demand for imported coal may fall sharply as tougher environmental laws force power stations to close, with only eastern European countries likely to keep their plants running longer.
read more... 12/02/2013
Scotland to curb subsidies for biomass plants over 15MW
The Scottish government has decided to curb subsidies for biomass power plants that generate over 15MW of electricity as part of its Renewables Obligation (RO) scheme announced in October 2012 due to concerns that they will consume too much wood.
read more... 12/02/2013
Daily: European power prices soar on forecasts for colder weather
Brent crude oil futures dropped on Monday on worries about the euro zone economy, while U.S. crude climbed and reduced the spread between the two contracts. Brent March crude declined 77 cents, or 0.65 percent, to settle at $118.13 a barrel, having traded from $117.54 to $119.07. Meanwhile, U.S. March crude increased by $1.31, or 1.37 percent, to settle at $97.03 a barrel, having traded from $94.97 to $97.09.
read more... 12/02/2013
Daily: Coal prices increase on Colombian miners’ strike
Brent crude oil futures increased on Friday, hitting a nine-month high during session on optimistic Chinese economic and oil import data, registering a 1.8 percent gain for the week. Meanwhile, Brent March crude boosted $1.66, or 1.42 percent, to settle at $118.90 a barrel, having traded from $117.31 to $119.17.
read more... 11/02/2013