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Daily: European spot power prices deviate, widening the spread between contracts
Brent crude oil prices declined on Monday, but the losses were capped after traders started to purchase contracts to offset the spread between the European benchmark and its U.S. counterpart, West Texas Intermediate. Brent slipped 36 cents to settle at $106.04 a barrel, after declining during the session to a near three-month low of $105.40.
read more... 04/02/2014
Dong Energy sells 50% share in London Array
DONG Energy has today signed an agreement to sell half of its 50% share in the 630 MW offshore wind farm London Array, to the Canadian financial institution, Caisse de dépôt et placement du Québec (La Caisse), for a total sum of 644 million pounds. The transaction is likely to be completed in the first six months of this year, after which DONG Energy will have a total ownership share of 25 per cent, representing 157.5 MW.
read more... 03/02/2014
UK and France agreed to develop safe nuclear energy
The UK and French Governments have pledged to beef up the two countries' cooperation regarding the defense, nuclear energy and climate policy as well as trading opportunities and skills. British Prime Minister David Cameron and French President Francois Hollande agreed to develop safe nuclear energy, to build new nuclear power stations, to cooperate on climate change action as well as pushing for European Commission's domestic emissions reduction agenda.
read more... 03/02/2014
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