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Daily: Crude oil plunges 4 percent on the week hit by oversupply concerns
Crude oil prices ended lower on Friday, diving 4 percent on the week, reversing the fourth weekly rise as the U.S. oil rigs number increased, adding to oil oversupply worries. Brent crude dropped 51 cents, or 1.1 percent, to settle at $45.69 a barrel, after declining to $45.17, the lowest level since May 11. For the week, Brent eased 4 percent. U.S. West Texas Intermediate (WTI) crude fell 56 cents, or 1.3 percent, to close at $44.19. It lost 3.8 percent on the week.
read more... 25/07/2016
Cavendish and Shimizu to collaborate on Japanese nuclear decommissioning
UK-based nuclear power services provider Cavendish Nuclear Ltd and Japanese civil engineering company Shimizu Corporation have decided to cooperate on decommissioning Japan’s nuclear power fleet.
read more... 22/07/2016
Vattenfall gives the go-ahead to Aberdeen offshore wind farm in Scotland despite Brexit vote
Swedish energy firm Vattenfall gave the go-ahead to the Aberdeen Offshore Wind Farm in Scotland, with Swedish utility offering support to the UK’s offshore wind sector despite Brexit vote.
read more... 22/07/2016
Daily: British prompt gas prices edge higher on weaker output from wind farms
Crude oil prices tumbled 2 percent on Thursday on U.S. government data showing growing stockpiles of gasoline and other oil products, driving total petroleum supplies in the U.S. to record highs. Brent crude lost 97 cents, or 2.1 percent, to settle at $46.20 a barrel. U.S. West Texas Intermediate (WTI) crude closed down $1, or 2.2 percent, to arrive at $44.75.
read more... 22/07/2016
E.ON and Statoil will construct $1.3 billion Baltic wind farm
E.ON and Statoil are scheduling a 60 turbine offshore wind farm for the German Baltic Sea. The $1.3 billion (€1.2 billion) wind farm, named Arkona, will be located close to the German island of Rügen.
read more... 22/07/2016