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Ofgem proposes tougher reforms for major UK power companies
The energy watchdog Ofgem has launched a set of rigid market reforms for Britain's six major power companies; involving the auction of more than one fifth of the electricity they generate, in order to increase competition on the market.
read more... 23/06/2011
Daily energy Overview, Wednesday, June 22, 2011
U.S. crude futures ended up on Tuesday as the euro increased against dollar on expectations that the Greek country will get a confidence vote and support the country avoid the debt crisis. U.S. crude for July delivery expired and traded at 93.40 dollars a barrel, up 14 cents, after a trading range from 92.50 to 94.74 dollars. U.S. crude for August delivery closed the session at 94.17 dollars, up 54 cents, after a trading range between 92.88 and 95.10 dollars.
read more... 22/06/2011
Scarcity in British wind farms
Britain has the lowest density of wind turbines among other European countries as compare to 1 turbine per 100 sq km in Britain, Denmark with 11 turbines, Germany and the Netherlands with 6, while Spain has 3.
read more... 22/06/2011
Shell and CNPC to create a joint venture for gas drilling
Royal Dutch Shell signed on Monday a Global Alliance Agreement with China National Petroleum Corporation (CNPC), the parent of PetroChina, aiming to establish mutual cooperation opportunities in China and abroad.
read more... 22/06/2011
Gazprom boosts gas export outlook to Europe on higher export volumes
The Russian energy giant, Gazprom has further raised its forecast on 2011 revenues from gas exports to Europe, according to which its expected profit from gas exports will represent $60 billion compared with almost $44 billion in 2010, taking into consideration the higher export volumes, the jump of prices and recovered demand, the Gazprom Deputy CEO Alexander Medvedev said on Monday.
read more... 22/06/2011