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Eggborough recommends to construct gas plant at existing coal station

A discussion concerning the construction of a gas-fired power plant on the site of the existing coal-fired Eggborough facility has been started.

read more... 14/09/2016

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Daily: Crude oil dips at lowest level in a week after IEA, OPEC see oversupply persisting

Crude oil futures plunged at their lowest level in a week on Tuesday, after the International Energy Agency (IEA) and OPEC revised forecasts indicating that the global crude oversupply could persist much longer than anticipated. Brent crude lost $1.22 or 2.5 percent, to settle at $47.10 a barrel. U.S. West Texas Intermediate crude shed $1.39, or 3 percent, to close at $44.90.

read more... 14/09/2016

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Vattenfall emerges as winner of Danish wind farm tender

Swedish utility Vattenfall emerged as a winner of Denmark’s 350MW near-shore wind tender with a bid equivalent to DKK 0.475 (USD 0.072/EUR 0.064) per kWh.

read more... 13/09/2016

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South Korean company to make an investment in nuclear plant in UK

A South Korean energy company is apparently interested in a nuclear project in the UK. Korea Electric Power Corporation is planning to join the NuGen corporation, a conglomerate between Toshiba and Engie, as mentioned in the reports.

read more... 13/09/2016

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Total purchases cheaper the Chesapeake's Barnett Shale assets

French oil and gas company Total will enhance its exposure to U.S. shale gas by acquiring 75 percent of Barnett Shale assets from Chesapeake, taking advantage of a far lower price than it paid for its initial 25 percent holding.

read more... 13/09/2016

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