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Kollsnes outage seen reducing Norway gas production by 13 MCM/day on Tuesday
Norway's gas production dropped by 13 million cubic metres per day (mcm) on Tuesday since Kollsnes gas processing plant, the country's largest, was closed on Monday because of external electricity supply loss, as stated by Norwegian gas system operator Gassco on Tuesday.
read more... 23/12/2014
Dutch grid company Tennet to support Norway-Germany electricity cable
Dutch stakeholder TenneT declared on Tuesday it had its government's permission to take part in an undersea cable project to connect Norway's hydroelectricity production to the German grid.
read more... 17/12/2014
***Breaking news***: U.S. oil prices crash below $60 for the first time since July 2009
U.S. crude prices plunged below $60 a barrel for the first time in five years, breaking through a key psychological and prompting new selling. Prices have plummeted on OPEC producers’ cartel statements that the supply glut is likely to continue in 2015 and the demand would be the weakest in a decade, dragging prices down even further. The global oversupply is driven partly by rocketing production from the U.S. shale basins. Nymex January West Texas Intermediate, the US oil benchmark, sank 99 cents or 1.6% to settle at $59.95 a barrel on Thursday. Meanwhile, front-month Brent, the international crude benchmark, declined by 56 cents to close at $63.68 a barrel.
read more... 12/12/2014
Daily: U.S. oil settles at the lowest level since July 2009 on bearish oil market
Brent crude contract for January delivery plunged in afternoon trade on Friday as the market struggled with the supply glut due to the U.S. shale boom and the recent decision by the OPEC not to curb production. It declined 67 cents to settle at $70 a barrel. U.S. oil ended at a 5-year low on Friday as strong U.S. employment figures increased slightly the bearish oil market a day after Saudi Arabia slashed official selling prices. U.S. crude futures eased 97 cents to settle at $65.84 per barrel, its lowest level since July 29, 2009.
read more... 08/12/2014
EDF ought to double nuclear electricity sales to rivals
French power utility EDF must be obliged to double the share of nuclear electricity production it vends to competitors from a quarter to up to half so as to raise competition, as stated by GDF Suez's chief executive on Thursday.
read more... 05/12/2014