Latest news
UK is going ahead with shale gas exploration
Britain is moving ahead with plans to accelerate the search for shale oil and gas, as a British government report has found that more than half of the country could be suitable for shale gas fracking. The government published a new report which claims the energy source will not have a detrimental effect on the environment.
read more... 18/12/2013
Bulgaria to build another nuclear power plant
Bulgaria's Government has approved the report presented by the Energy Minister Dragomir Stoynev, regarding the need to build a new unit at the country's only nuclear power plant, Kozloduy NPP. The Bulgarian Energy Holding (BEH) intends to negotiate with US energy giant Westinghouse, which is to build the reactor with its technology.
read more... 18/12/2013
Daily: German spot power up on colder weather, while French contract tumbles
Brent crude oil boosted on supply worries as traders were doubtful that Libyan oil exports would resume, while U.S. crude dropped after government data showed a big increase in refined oil products, showing a sluggish oil demand. Brent crude oil boosted 32 cents to settle at $109.70 a barrel, after reaching a session low of $108.62. U.S. crude futures for January delivery eased $1.07 to $97.44.
read more... 12/12/2013
Romania: Chevron forced to suspend shale gas explorations
US oil major Chevron halted exploration works for shale gas in eastern Romania for the second time in two months, as a lot of people gathered to protest against government support for shale gas exploration and separate plans to set up Europe’s largest open-cast gold mine in a small Carpathian town.
read more... 10/12/2013
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