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Nigeria to face nuclear challenges

In the attemp to stabilize Nigeria’s power generation capacity, the Federal Government of Nigeria is set to sign a contract with the Russian Federation.

read more... 11/08/2011

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German utility RWE’s first half profit hit by nuclear exit

The German energy group, RWE said that its first-half net profit sharply plunged by 39% to €1.7 billion ($2.4 billion), amid supplementary costs related to the country’s decision to phase out nuclear power and a tax on nuclear fuel.

read more... 10/08/2011

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USDA announced new biomass production projects

The U.S. Department of Agriculture announced recently four additional Biomass Crop Assistance Program (BCAP) projects aimed to enlarge the availability of non-food crofs by using it in the production of liquid biofuels. The UDSA assigned up to $45 million for contracts that last less than five years and up to 15 years.

read more... 10/08/2011

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Daily energy Overview, Wednesday, August 10, 2011

Crude oil futures increased in the post-settlement trading on Tuesday after released report by API about a surprise 5.2 million-barrel draw in the U.S. stockpiles previous week. NYMEX crude for September delivery traded at 81.75 dollars a barrel, up 44 cents after a trading range between 75.71 and 83.05 dollars. Meanwhile, by 20:00 GMT, ICE Brent crude for September delivery traded at 104.21 dollars a barrel, up 47 cents.

read more... 10/08/2011

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Bergermeer gas storage project halted by Dutch Court

The giant Bergermeer gas storage project has been temporarily halted by the highest administrative court of the Netherlands on Monday, due to environmentalists and local residents’ worries that the process of injecting gas would cause tremors in the area.

read more... 10/08/2011

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