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France energy bill increases renewable, no nuclear shut downs
France will increase renewables and limit nuclear power generation at existing levels nevertheless leave any reactor shut downs to be agreed on later, as stated in a bill disclosed by Energy Minister Segolene Royal on Wednesday.
read more... 19/06/2014
Plan for two LNG terminals in Finland and Estonia rejected by EU Commission
Finland and Estonia will have to go back to the drawing board with a mutual gas terminal project after the European Commission made known that a designed two-terminal model would not be qualified for subsidies, as stated by the Finnish government.
read more... 19/06/2014
Daily: Brent crude rallies to nine-month high on Iraq supply disruption concerns
Brent crude oil rocketed to a nine-month high on Wednesday supported by concerns about potential supply disruptions due to turmoil in Iraq, while U.S. crude dropped after data from the U.S. Energy Information Administration (EIA) showed domestic crude stockpiles declined much less than the industry group American Petroleum Institute (API) had reported.
read more... 19/06/2014
Statoil discovers more gas off Tanzania
Norway's Statoil declared on Wednesday it had discovered more gas off Tanzania, increasing possibilities that a projected liquefied natural gas (LNG) plant could be larger than originally intended.
read more... 19/06/2014
UK government gives the go-ahead to the largest offshore wind farm in the world
The British government gave the green light for the construction of the 1,200 megawatt (MW) East Anglia One offshore wind farm project, which is expected to be greater than the London Array, currently the largest offshore wind farm in the world.
read more... 18/06/2014