Latest news
Daily: Oil prices up, but below session highs on Libya’s pipeline restarts
Crude oil prices boosted on Tuesday but closed below session highs after Libya unveiled the restarts of pipelines after a two-year blockade that ended earlier this month. Benchmark Brent crude for February delivery rose by 43 cents, or 0.8 percent, to settle at $55.35 a barrel after touching an intraday high of $55.92. U.S. crude futures a gained 1.46 percent to $52.88 a barrel. Libya expects to add 270,000 barrels a day in state production in the next three months.
read more... 21/12/2016
Drax coal station gets the green light from the EU to switch to biomass
Drax, one time one of the major polluters in Europe, has obtained the permission from the European Commission to convert its third power generating unit to biomass. Currently, Drax produces enough electricity to power more than 3 million households.
read more... 20/12/2016
Belgium obtains €438 million for offshore wind farm
Belgium is getting €438 million (£363.5m) to back the construction of an offshore wind farm.
read more... 20/12/2016
Daily: Oil prices near flat in calm trade ahead of Christmas
Crude oil prices did not change significantly on Monday in quite traded ahead of Christmas as the market waited to observe whether U.S. shale gas production would increase enough to offset projected output cuts by OPEC, Russia and other producers in 2017. Brent futures for February delivery fell 29 cents or 0.5 percent, to settle at $54.92 a barrel, while U.S. West Texas Intermediate crude for January gained 22 cents, or 0.4 percent, to close at $52.12 per barrel.
read more... 20/12/2016
Norway: Kollsnes gas plant to be partially closed in May and September
Norway's biggest gas-processing plant, Kollsnes, will be partially closed from May 6-20 and from September 2-20 next year, gas system operator Gassco declared on Friday, announcing its 2017 maintenance plans.
read more... 20/12/2016