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Cuadrilla boss: UK needs at least five years and up to 40 fracking wells to assess shale gas potential
UK shale gas industry will need at least five years and up to 40 fracking wells to be drilled in order to assess its potential, according to Lord Browne, the chairman of Cuadrilla company.
read more... 03/02/2014
Daily: Brent close to first monthly drop on China’s shaky consumption
Brent crude futures traded near $108 a barrel on Friday following upbeat U.S. economic data that renewed hopes of higher global demand. However, prices are on track to register the first monthly decline in four on concerns over shaky China’s consumption.
read more... 03/02/2014
Daily: European power spot prices down on lower demand
Brent crude oil increased on Thursday to about $108 per barrel, while U.S. crude reached its highest level in a month as extremely cold weather gripped the entire nation, fact which has boosted heating oil demand. Brent crude rose 10 cents to settle at $107.95 a barrel. U.S. crude settled up 87 cents at $98.23.
read more... 31/01/2014
Italy’s solar PV sector an example for the rest of the world
Italy is currently one of the major producers of electricity from renewable energy sources in Europe. The country’s PV sector has historically been the leading renewable energy technology due to its incentives offered for solar PV projects and also to its advantageous geographic position.
read more... 31/01/2014
Wind: Spain’s main electricity source
According to the Spanish Wind Energy Association (AEE), in 2013 wind power was the main source of energy in Spain, covering almost 21 percent of total demand and producing something like 54,478 GWh of electricity last year, nuclear power produced 20.8 percent of the country’s energy requirements, followed by hydroelectric power which met 14.4 % of demand, almost doubling in comparison to a year before. Combined-cycle plants accounted for 9.6 percent, coal-fueled plants 14.6 percent while solar photovoltaic only 3.1 percent.
read more... 31/01/2014