Latest news
Bulgaria to move toward small renewable projects
According to Bulgaria’s Energy Minister, Delyan Dobrev, the country, which strives for reaching 16 percent of its final energy demand from renewable by 2020, will turn its energy focus on small renewable energy projects in order to keep off the increase in electricity costs and avoid the overburden of its power grid because of the rapid development of big wind and solar projects.
read more... 26/04/2012
Shell to enter East Africa’s huge gas market
A subsidiary of Royal Dutch Shell, Shell Bidco announced its intention to acquire Cove Energy, a Mozambique-focused exploration group, for $1.8bn, as the giant aims to access East Africa’s huge gas reserves.
read more... 26/04/2012
Daily – power prices down on warmer weather and stronger German wind power supply
Crude oil futures traded higher on Wednesday after a choppy session and supported by an increase from Wall Street equities strength, the U.S. central bank keeping rates low and delayed North Sea cargoes, countering data showing growing U.S. crude stocks.
read more... 26/04/2012
UK to allocate up to £60 million to speed up the CCS technology in emerging markets
In order to stimulate the development of Carbon Capture and Storage (CCS) technology in emerging markets, Climate Change Minister, Greg Barker has announced the allocation of up to £60 million ($96m).
read more... 26/04/2012
Daily – oil prices up on fears over euro zone economy
Crude oil futures settled higher on Tuesday on worries about eurozone economy and strong equities providing support ahead of weekly petroleum inventory data.
read more... 25/04/2012