Latest news
The UK may face power blackouts in the next three years
The UK energy regulator has warned that millions of British families are at risk of power blackouts within three years due to ageing coal and oil-fired power stations closure, which have been replaced with wind farms, but they are less reliable and can generate electricity only in the right weather conditions.
read more... 11/10/2012
Daily: Brent crude settles down at $114.33 after a volatile session
Brent crude futures dropped on Wednesday in choppy trading on worries about slow economic growth which hit Wall Street equities and dragged down oil prices, after an early hike of prices due to tensions in the Middle East.
read more... 11/10/2012
Bulgaria gives green light to oil, gas exploration in Black Sea
The Bulgarian government gave the green light yesterday to a public tender for a permit for deepwater oil and gas prospecting and exploration at Block 1-22 Teres in Black Sea.
read more... 11/10/2012
Daily: Nordic spot power to increase over 40 euros/MWh on lower wind
Brent crude declined to near $114 per barrel on Wednesday, after a hike of more than 2 % in the previous session, pulled down by concerns about global economic growth which brought a pessimistic view over the demand outlook and offset supply risks coming from tensions in the Middle East.
read more... 10/10/2012
World’s largest wind farm will be built in British waters
Spanish utility Iberdrola together with the Swedish company Vattenfall has started the construction of the world’s largest wind power project East Anglia, as Iberdrola intends to become the world leader in offshore wind farm technology.
read more... 10/10/2012