Latest news
Algeria is likely to increase oil and gas production
Algeria is aiming to increase its oil and natural gas production by 50% and 100 percent respectively within 10 years helped by major exploration success last year and by shale gas which would have an important role to achieve the ambitious plan. The minister projected Algeria's recoverable reserves at between 25 and 30 trillion cubic feet.
read more... 29/01/2014
Daily: European carbon prices up 2.9% on fast-track supply cut expectations
Brent futures boosted to $107 a barrel on Tuesday as the sharpest fall in three weeks encouraged new buying, with concerns of turmoil in emerging economies and a downturn in China keeping the gains in check. Brent crude hit a high of $107.10 a barrel and rose 29 cents at $106.98 by 03:29 GMT. Meanwhile, U.S. oil rose 12 cents to $95.84, after recording the highest level Jan. 13.
read more... 29/01/2014
France’s energy future relies on nuclear
France’s first nuclear power plant has opened in 1964 and since then France has become a primarily nuclear-powered country, with nuclear representing 78.8% of its electricity generation. According to the IEA it exports about 42 billion kWh of electrical energy per year, being the world's largest net exporter of electricity due to its very low cost of generation, while gaining over EUR 3 billion per year from this.
read more... 28/01/2014
Successful shale test for San Leon in Poland
European oil and gas company San Leon Energy Plc, has reached a crucial milestone on the way to commencing commercial production of shale gas for the first time in Europe, reporting a sustained gas production rate of 45,000–60,000 standard cubic feet per day. Natural gas flowed from its Lewino well in a shale formation in the Baltic Basin in northern Poland.
read more... 28/01/2014
Top 5 largest offshore wind farms in the world
Total offshore wind capacity in Europe stands now at 6,040 MW in 58 wind farms across 10 countries, up from 4,336 MW in June 2012. However, UK remains the world leader in terms of offshore wind capacity.
read more... 28/01/2014