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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
EMEA to lead natural gas processing capacity by 2017
A new report presented by GlobalData, Europe, the Middle East and Africa (EMEA) are likely to build the most new natural gas-processing capacity in the coming years, enhancing the overall region’s capacity by more than 10 trillion cubic feet by 2017, followed by the Americas and Asia-Pacific region. The region, combined with Iran and Saudi Arabia, will account for 43% of new capacity worldwide over the forecast period.
read more... 06/01/2014
IHS: Concentrated solar PV installations to grow considerably by 2020
According to a new report from market research firm IHS Inc., the global market for concentrated photovoltaic (CPV) systems would register a considerably growth in the period from 2013 to 2020, with CPV installations which are likely to increase to 1362 MW in comparison 160 MW currently.
read more... 06/01/2014
European power: fall in spot prices because of wind, mild weather
European spot power prices fell on Thursday because of high wind power contributions at a time of feeble demand, reducing the price for year-ahead contracts.
read more... 03/01/2014
Global CO2 market: decline by 38% in 2013
The value of global carbon markets reduced by 38% arriving at 38.4 billion euros in 2013, because of a drop in prices in the major EU and U.N. schemes and the restricted trade in new programmes, according to the analysts at Thomson Reuters Point Carbon.
read more... 03/01/2014