Latest news
BP to sell a package of U.K. assets to Perenco for up to $610 million
The British oil giant BP Plc announced on Tuesday a deal to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge oil fields in the UK to European oil and gas company Perenco UK Ltd. for up to $610 million in cash, as it plans to equilibrate its balance sheet following the last year’s Gulf of Mexico oil spill. Under this deal, BP aims to divest about $30 billion per year.
read more... 18/05/2011
Major sale agreement between Canadian Solar and German Saferay
Recently, one of the major solar module producers, Canadian Solar, has inked a sale agreement with a German based company, Saferay GmbH for a fixed price for solar projects to be developed in Germany. Under the present agreement, the Canadian company is expected to deliver solar modules with the total capacity of 81 MW by the end of the third quarter 2011.
read more... 17/05/2011
Daily energy Overview, Tuesday, May 17, 2011
U.S. crude oil futures ended lower on Monday pressured by gasoline futures that shed below 3 dollars a gallon for the first time since mid-March. U.S. crude for June delivery traded at 97.37 dollars a barrel, down 2.28 dollars, after a trading range between 96.90 and 99.65 dollars. Meanwhile, ICE Brent crude for delivery in June settled at 112.73 dollars, down 1.10 dollars, after a trading range from 112.00 and 114.00 dollars.
read more... 17/05/2011
The new U.K. electricity reform may cover nuclear subsidy
The Energy and Climate Change Committee (ECCC) warned the new planned electricity reform in U.K. is hiding a subsidiary system for the nuclear industry.
read more... 17/05/2011
France’s Fessenheim nuclear plant may be halted following the Swiss request
The authorities in northwestern Swiss regions neighboring France have called for French Fessenheim nuclear plant activity closure because of its age and its location in a seismic area until its safety is verified. The request appeared as a result of the catastrophe at the Fukushima nuclear power plant in Japan.
read more... 17/05/2011