Latest news
Kosovo: power plant explosion killed two people
On Friday, a hydrogen tank blasted at Kosovo's second major power plant, killing two persons and injuring 14, according to officials.
read more... 09/06/2014
Ukraine’s energy efficiency to be enhanced, U.S. bill
A bill proposed by U.S. Senator Edward Markey on Thursday aims to reduce Ukraine's fuel reliance on Russia by improving its heating infrastructure and renewing its Soviet-era natural gas drilling potentials.
read more... 06/06/2014
Daily: British spot gas trades at the lowest level since October 2010 on weak demand, health supply
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014
France: diminishing nuclear dependence will take longer than intended
The plan of President Francois Hollande to diminish the share of nuclear in France's electricity generation mix from 75 percent to 50 percent by 2025 is not realistic without putting the nation in difficulty and 2050 would be more feasible, as stated on Thursday by Bernard Bigot, the manager of state nuclear agency CEA.
read more... 06/06/2014
Statoil remains at 2016 cost savings plan
Statoil remains loyal to its 2016 plans to reduce costs, without having public cost-saving goal for 2020, following Bloomberg’s report mentioning that Norwegian oil firm intends to cut costs in order to generate an extra $5 billion a year by 2020.
read more... 06/06/2014