Latest news
Singapore is leading the way to becoming South-east Asia's LNG energy hub
Singapore aims to launch a domestic liquefied natural gas (LNG) trading market amid rising LNG supply and demand within Asia.
read more... 27/10/2015
Vattenfall to phase out two German lignite plants to meet climate change objectives
Swedish utility Vattenfall agreed on Monday to phase out two lignite coal power plants in Germany, corresponding to 8 million tonnes of CO2-emissions.
read more... 27/10/2015
Daily: Crude oil prices continue the 2-week decline amid refined oil glut lingering concerns
Crude oil prices continued to decline on Monday amid lingering concerns over a global supply glut and weakening demand dragging prices to their lowest settlement in roughly two months. Oil was also under pressure after Goldman Sachs said in a research report that oil prices could go "sharply lower" as storage tanks hit capacity, predicting the oil market would not balance itself in 2016. Brent crude fell 45 cents, or almost 1 percent, to settle at $47.54 a barrel. U.S. crude eased 62 cents, or 1.4 percent, to end at $43.98. Both crude benchmarks have declined by 10 percent over the past two weeks.
read more... 27/10/2015
Germany will begin the transfer to coal power reserve in winter 2016
German utilities RWE, Vattenfall and Mibrag will begin cutting their coal-fired electricity production at the start of winter 2016, transferring this capacity instead to the country's power reserve as part of a plan to reduce carbon emissions, as stated by the government.
read more... 26/10/2015
Rentel choses Siemens giants for supply and installation of 42 wind turbines
Rentel has selected Siemens as its favorite bidder for the supply and installation of 42 of wind turbines at the 294MW offshore wind farm off the coast of Belgium.
read more... 26/10/2015