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Poland to build two new nuclear power plants
Poland's government has announced on Tuesday its intention to go ahead with the plans to build two nuclear power plants. Currently, the country produces 90 percent of its electricity from coal but wants to diversify its fuel sources, making its energy sector more efficient. Poland has opted for nuclear, in a move which aims also to help meet the environmental requirements of the European Union.
read more... 30/01/2014
UK registered a 44% increase in its oil fields in the North Sea
According to a new report by Deloitte's Petroleum Services Group (PSG) the number of fields which started producing oil and gas in the UK, last year hit its highest level in five years, as a number of operators have done more attention on development activity.
read more... 29/01/2014
Algeria is likely to increase oil and gas production
Algeria is aiming to increase its oil and natural gas production by 50% and 100 percent respectively within 10 years helped by major exploration success last year and by shale gas which would have an important role to achieve the ambitious plan. The minister projected Algeria's recoverable reserves at between 25 and 30 trillion cubic feet.
read more... 29/01/2014
Daily: European carbon prices up 2.9% on fast-track supply cut expectations
Brent futures boosted to $107 a barrel on Tuesday as the sharpest fall in three weeks encouraged new buying, with concerns of turmoil in emerging economies and a downturn in China keeping the gains in check. Brent crude hit a high of $107.10 a barrel and rose 29 cents at $106.98 by 03:29 GMT. Meanwhile, U.S. oil rose 12 cents to $95.84, after recording the highest level Jan. 13.
read more... 29/01/2014
France’s energy future relies on nuclear
France’s first nuclear power plant has opened in 1964 and since then France has become a primarily nuclear-powered country, with nuclear representing 78.8% of its electricity generation. According to the IEA it exports about 42 billion kWh of electrical energy per year, being the world's largest net exporter of electricity due to its very low cost of generation, while gaining over EUR 3 billion per year from this.
read more... 28/01/2014