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Eni CEO says Iran requires $150 billion of energy investment
Iran's emergence from economic sanctions will aid Europe to diversify its energy supplies, but the Islamic Republic will require to invest minimum $150 billion in infrastructure to turn into a major producer, the CEO of Italy's Eni SpA stated on Sunday.
read more... 18/01/2016
Ukraine gas reserves drop by 28% since the beginning of the heating season
Ukraine's gas reserves have dropped by approximately 28 percent to 12.3 billion cubic metres (bcm) since the start of the heating season in mid-October, as stated by the transport monopoly Ukrtransgas on Monday.
read more... 18/01/2016
Daily: European Cal’17 power contracts collapse at 13-year low tracking lower oil, coal and carbon prices
Crude oil prices plunged 6% on Friday to settle below $30 a barrel for the first time in 12 years, as Chinese stock markets declined further and traders expected an impending increase in Iran’s exports. Brent eased $1.94, or 6.3 percent, to settle at $28.94 a barrel, sticking below the key $30 a barrel threshold after briefly falling below that level in the previous two days. It dipped as far as $28.82, the weakest level since February 2004. U.S. crude lost $1.78, or 5.7 percent, to close at $29.42, after reaching a contract low of $29.13, its lowest level since November 2003, previously in the session.
read more... 18/01/2016
Vattenfall mulls offshore wind projects without subsidies by 2025
Swedish utility Vattenfall wants to develop offshore wind power projects, one of the most expensive technologies of renewable energy, which will be competitive so as not to need any more government subsidies by 2025.
read more... 15/01/2016
Global renewable energy investment hits record $329 billion in 2015
Clean energy investment worldwide attained a record of $329.3 billion in 2015 since investors shrugged off decreasing fossil fuel prices and currency fluctuations and installed the highest ever amount of green power capacity, as shown in a research on Thursday.
read more... 15/01/2016