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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
Ukraine agrees gas agreement with European providers
Ukrainian state energy company Naftogaz has decided to acquire 1.7 billion cubic metres (bcm) of gas from European suppliers at a price of $188-$211 per thousand cubic metres, as stated by the firm on Thursday.
read more... 15/01/2016
Daily: Oil rebounds after eight-day series of declines
Crude oil prices climbed on Thursday, breaking eight-day series of decline, as investors covered short positions, but the market closed not far from 12-year lows on concerns that Iran may inject barrels in an already oversupplied global market. Brent crude rose 72 cents, or 2.4 percent, to close at $31.03 a barrel. Earlier in the session, it jumped to $31.23 after declining to $29.73, its lowest level since February 2004. Over the past eight sessions, Brent had decreased by about $7 a barrel, almost 20 percent. U.S. crude's West Texas Intermediate (WTI) also increased 72 cents, or 2.4 percent, to settle at $31.20. It attained a 12-year low of $29.93 earlier this week.
read more... 15/01/2016
BP to axe 4,000 jobs in exploration and drilling business amid dramatic slump in oil prices
UK oil giant BP is planning to slash 4,000 jobs internationally due to declining profits as a result of oil price collapse.
read more... 14/01/2016