Latest news
Daily – oil prices down as industry data indicated an increase in U.S. stockpiles
NYMEX and ICE Brent crude oil futures decreased in post settlement trading on Tuesday following industry data indicating an increase of 7.3 million barrels in domestic crude stockpiles previous week overshadowing the forecast for an 800,000 barrel growth, according to a poll released by Reuters’ analysts.
read more... 25/01/2012
DOE to launch online support for small wind power
The new instruments announced by the Department of Energy (DOE) have been recently developed to support small wind power in order to facilitate solving policy issues as to boost the development of renewable energy. The new tools provided by DOE offer particular information for specific locations on the current potential of wind, thus providing support to clients to pick out the most adequate location for wind energy system of different sizes and types.
read more... 25/01/2012
England to boost marine power
The South-West of England is likely to be named as UK’s first marine energy park. It will extend from Bristol to Cornwall and as far as the Isles of Scilly. The announcement will create a partnership in the region among national and local government, Local Enterprise Partnerships, the Universities of Plymouth and Exeter and Industry, but also Cornwall’s Wave Hub.
read more... 24/01/2012
Daily – oil up on EU deal to ban Iranian oil imports
U.S. and Brent crude oil futures increased on Monday as an agreement among EU states to forbid the imports of Iranian oil by July 1 prompted renewed threats by Iran to close the main Strait of Hormuz oil shipping artery. NYMEX crude for March delivery traded at 99.58 dollars a barrel, gaining 1.25 dollars after a trading range between 97.40 and 100.24 dollars. ICE Brent crude for March delivery traded at 110.58 dollars per barrel, up 72 cents after a trading range from 109.23 to 111.36 dollars.
read more... 24/01/2012
U.S. DOE to support small nuclear reactor designs
The U.S. Department of Energy (DOE) has recently outlined its plans to support the design and licensing of small modular nuclear reactors (SMRs) and to promote their use for power generation. The Obama administration supports SMRs as a form of low carbon energy and for job creation.
read more... 24/01/2012