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Russia: Oil production increased to a new record level in 2013
According to new figures released by the Russia’s energy ministry, last year Russia has produced the largest amount of oil, registering a new record level, since the post-Soviet period. Oil production increased by 1.4 % last year from 2012 levels, reaching a new record of 523.3 million tons (10.51 million barrels per day). December’s monthly production averaged 10.63 million bpd.
read more... 06/01/2014
Britain: wind power production expected to reach a record high
Wind farms in Britain are expected to generate a record amount of electricity on Friday on anticipation of heavy storms, according to the country's power network operator.
read more... 03/01/2014
Daily: UK gas prices the lowest level in the last 7 weeks on an oversupplied system
Brent crude decreased 2 cents at $112.16 per barrel at 10:22 GMT, while U.S. crude was down 8 cents at $100.24. The contract broke above the $100-mark on Friday for the first time since the end of October. U.S. crude oil stocks fell by 4.7 million barrels last week as the Gulf Coast continued to shed inventories, even as U.S. oil production reached a 25-year high. While the spread between the two benchmarks widened on Monday to around $12, it is expected to narrow as the Keystone XL pipeline is set to start operations in the United States.
read more... 30/12/2013
Scotland’s renewable electricity production has reached record-high levels
According to the figures published by the Department of Energy and Climate Change( DECC), last year, renewables met a record-breaking 40.3% of gross electricity consumption, increasing in comparison to 36.3% in 2011 and 24.1% in 2010, confirming the Scottish Government believes that it is on course for half of electricity use to come from renewable sources by 2015, an interim target ahead of the goal of having the sector generate the equivalent of 100% of the country's electricity needs by 2020.
read more... 24/12/2013
What is the future of coal?
According to the U.S. Energy Information Administration, coal production is predicted to increase by 2.5% in 2014 or 1,033 million short tons more, while coal consumption is expected to continue to grow rapidly in emerging markets, with China alone commissioning about 600 GW of new coal-fired generating units by 2030.
read more... 23/12/2013