Latest news
Statnett will construct electricity line to northern Norway’s developing oil region
Norwegian power grid operator Statnett will begin to build a new high-voltage electricity connection to the country's north in 2016, it declared on Thursday, bringing more power to what might develop as the country's new oil province.
read more... 04/05/2015
Gazprom declares Hyundai will construct floating LNG terminal in Russia
South Korea's Hyundai Heavy Industries will construct a floating liquefied natural gas terminal for $295 million in the western Russian city of Kaliningrad, as mentioned by Interfax news agency citing state natural gas producer Gazprom on Thursday.
read more... 04/05/2015
UK at the 3rd place in the world in terms of utility-scale installations
The United Kingdom ranks on the third place in terms of utility-scale solar installations, surpassing India and Germany and below the United States and China, according to Wiki-Solar, which conducted the research.
read more... 04/05/2015
Daily: Oil retreats from 2015 high on dollar appreciation, record exports from Iraq
Crude oil prices retreated from 2015 highs on Friday after posting their largest monthly gains for six years in April as Iraq announced its oil exports hit a record in April and amid pressure from a dollar appreciation. Brent crude for June delivery dropped by 32 cents to settle at $66.46 a barrel. However, it posted a 21% increase in April. U.S. June crude eased 48 cents to close at $59.15, after recording a 2015 high of $59.90 and recovering from a $58.32 intraday low. U.S. crude futures boosted 25% last month. Both Brent and WTI crude traded thin as major markets were closed for the May Day holiday.
read more... 04/05/2015
Daily: Crude oil prices rocket at 2015 highs on smaller inventories in the US
Crude oil prices rocketed at the highest level this year on smaller-than-expected rise last week in crude stockpiles throughout the United States indicating that the oil glut will start to lessen. U.S. crude futures are expected to settle April up nearly 23 percent and Brent almost 20 percent higher, the largest monthly gains since May 2009 when the global economy was starting to pick up from the financial collapse. Brent crude rallied $1.20 to settle at $65.84 after hitting its year high at $66.72. U.S. crude futures rose by $1.52 at $58.58 a barrel, after reaching a 2015 peak of $59.33.
read more... 30/04/2015