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Daily energy Overview, Monday, May 30, 2011
U.S. crude oil futures edged slightly up on Friday as weak home sales data sparked economic worries and pared earlier crude gains supported by a weaker dollar. U.S. crude for July delivery traded at 100.59 dollars a barrel, up 36 cents after a trading range from 100.04 to 101.24 dollars.
read more... 30/05/2011
America’s wind industry ICREASED by 15% in 2010
America’s wind power increased by 15% in 2010 with 5,116 MW new installed capacity last year totaling 40,181 MW, enough to supply electricity to more than 10 million American households. The annual report submitted by American Wind Energy Association shows a significant increase in wind power by 35% since 2007 underscoring the role of this industry in the country’s economy following natural gas as basic energy generation source.
read more... 30/05/2011
Total buys a 25% stake in Qatar offshore block
The French energy giant Total announced that it has signed an agreement with CNOOC Middle East (Qatar) to acquire a 25% stake in Qatar's Block BC offshore exploration license. CNOOC Middle East will hold an interest of 75% and will remain the operator of the block.
read more... 30/05/2011
German regulator criticizes petrol station oligopoly
The German regulator criticizes the way in which the five largest oil companies BP, ExxonMobil, Shell, ConocoPhillips and Total set the prices of motor fuel and is accusing them of price manipulation.
read more... 30/05/2011
Italy reviews its renewable incentives
Over the last decade, the European PV market has shown a rapid growth. According to a report released this spring by EPIA, the new PV installations in Europe totaled 12.5 GW (21 % of new power generating capacity) overtaking data on new wind power installations.
read more... 27/05/2011