Latest news
Norway to spur investments in oil and gas industry at a record level in 2014
Norway is planning to spur its investments in oil and gas sector at a record level in 2014, according to data provided by statistics agency.
read more... 09/12/2013
Daily: British gas tumbles on outlook for higher temperatures
Brent crude increased over $111 a barrel on Friday on jobless figures in the United States indicating a five-year low. Brent rose 42 cents at $111.40 a barrel at 14:33 GMT, while U.S. crude traded 7 cents higher at $97.45 a barrel.
read more... 09/12/2013
UK expands lifetime of old and inefficient coal power stations
Almost exactly a month after the House of Lords voted in favor of it, the UK Government voted against the modification to the Energy Bill which would have to put limits on coal burning in the UK, sparing the energy market from an even tighter squeeze as aged nuclear plants shut later this decade. Britain's power market is already tight as ageing capacity is being retired and a modest amount of new generation is being built. Members of Parliament voted 318 to 236 against including the amendment in the bill.
read more... 06/12/2013
Daily: German spot power prices sag on hurricane-force winds in northern Europe
Brent crude oil futures dropped, while U.S. crude oil futures climbed for a fifth consecutive session on Thursday, narrowing the spread between the two benchmarks contracts to a two-week low as optimistic U.S. economic data suggested an increase of demand for oil in the world's largest consumer.
read more... 06/12/2013
Bulgaria to apply a 20% tax on solar, wind energy
Bulgaria’s parliament has approved a 20 percent controversial tax income from wind and solar power installations next year. The proposal was backed Thursday morning by 116 MPs, 38 voted against and 28 abstained.
read more... 06/12/2013