Latest news
SunEdison keeps 127 MW of solar power regardless of revenue loss
The total revenue published by SunEdison for the fourth quarter of 2013 attained $551.2 million, or a decline of 8% year-over-year, according to Reuters. The decrease in profits of the semiconductor and solar technology company is primarily attributable to the fact that the firm had chosen to retain 127 megawatts of solar projects rather than to vend them.
read more... 24/02/2014
Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
Europe is willing to renegotiate gas pricing with Gazprom
The EU Commission launched a probe earlier this month into exports by Gazprom, because of suspicions that the company was hindering the free flow of gas across the EU and imposing unfair prices by linking the cost of gas to oil prices. Moscow has said Gazprom, which has a legal monopoly on gas exports from Russia, will fight the case but will not cut supplies in retaliation. Gazprom's oil-linked contracts are a touchy subject for the Russian government and Gazprom, a major contributor to the state budget which earns the bulk of its revenue from export. The EU's investigation ended a period of relative calm on the gas front between Brussels and Moscow, which objects to some of the EU's gas market liberalisation measures.
read more... 25/09/2012
Centrica to invest £1.4billion in UK gas project
Centrica announced it will continue investing £1.4 billion in the Cygnus gas project, one of the North Sea’s biggest discoveries. The company said it would spend the money on its Cygnus gas field in -partnership with GDF Suez of France, creating up to 4,000 new jobs, and adding £ 600 million in tax revenues for the public purse.
read more... 27/07/2012
Iraq March crude exports rise to highest level since 1980
According to an Oil Ministry spokesman e-mailed statement, Iraq’s crude oil exports settled at their highest monthly level in March since 1980, with 71.827 million barrel exported and 8.475 billion dollars generated revenue. Iraq trades crude for 118 dollars a barrel.
read more... 02/04/2012