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OPEC fails to reduce oil production, registers highest output of the year

OPEC oil output for July skyrocketed by 173,000 barrels a day to almost 32.9 million barrels, which once again proves that major oil producers can’t keep up with their plan to pump less oil.

read more... 11/08/2017

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Nova Innovation receives funds for tidal energy in North Wales

UK tidal energy generator Nova Innovation has been awarded £265,000 for the development of a tidal project at Bardsey Sound in north Wales.

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Daily (11.08.2017): Oil prices fell by around 2% on Thursday on U.S. and North Korea tensions

Oil prices fell on Thursday, pushed lower by a nervous market starting to doubt recent falls in inventories. Libyan production hit in July its highest level for the year. Investors were also concerned of the tensions between the U.S. and North Korea. Brent fell by 1.52% to close at $51.90 a barrel, while WTI price decreased by almost 2% to end at $48.59 a barrel.

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Commissioning of the unit 4 of Korean Shin Kori nuclear plant delayed

The finalization of the unit 4 of the Shin Kori nuclear power plant has been postponed by ten months due to design enhancement and additional seismic assessment work. The operation of the plant is now expected to start in 2018.

read more... 11/08/2017

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Cadent Gas to propose hydrogen to the North West gas grid

British gas distribution network Cadent Gas revealed that it intends to launch hydrogen into the North West England gas network, with the intention to revolutionize the energy system and decarbonize heat.

read more... 10/08/2017

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