Latest news
Russian Novatek launches gas production at Urengoyskoye field
Russian independent natural gas producer Novatek unveiled it begun the production at the Urengoyskoye field at company’s Olimpiysky license block, in the Yamalo-Nenets region.
read more... 28/10/2013
Europe threatened by blackouts
Energy companies informed that Europe could face power blackouts if the economy in Europe would improve while energy provision would remain inadequate. Energy security in Europe is under menace and the area could soon be exposed to substantial power outages during this winter, due to a lack of production capacity.
read more... 23/10/2013
Eni CEO: EU economies could face a long-term structural challenge to compete with industrial operators in the US
The shale gas revolution in the US is frequently mentioned as one of the major highlights of the world’s energy industry in the last 10 years. The growth in shale gas production in the US since 2001 has led to significant changes in the national energy market.
read more... 22/10/2013
The real cost of renewables versus nuclear and fossil energy
Last Friday, 10 CEO’s of large nuclear and fossil energy producers held a press conference in Brussels, asking European governments to stop subsidising renewable energy. Remarkably, Gerard Mestrallet CEO for GDF-Suez, was one of them. Strange, because in Belgium GDF-Suez is the largest beneficiary of renewable energy subsidies. Zero Emission Solutions, a study and consultancy agency for renewable energy, draws the attention to these CEO’s that today – at least in Belgium - nuclear and fossil energy production benefits from more governmental aid than renewable energy:
read more... 15/10/2013
Daily: European power prices increased on lower wind production
Brent crude oil futures decreased below 111 dollars on Friday, due to improved supplies which counterbalanced optimism for a possible end to the U.S government shutdown. Brent oil was down 77 cents at $111.28 per barrel at 1415 GMT, while U.S. crude decreased $1.75 at $101.26 per barrel, on track for its fourth weekly decline in five weeks.
read more... 14/10/2013