Latest news
U.S. installed 930 MW of solar photovoltaic capacity in Q3 of 2013
According to a report from GTM Research and the Solar Energy Industries Association (SEIA) in the third quarter of this year something like 930MW of new PV capacity was installed, a 20% increase in comparison to the previous quarter, when it registered 832 MW of solar PV, and a 35% jump in comparison to the same period in 2012, with more than 400,000 solar power installations in place throughout the country.
read more... 11/12/2013
Daily: British gas prices increased due to reduced supplies from Norway
Brent crude stay above $109 a barrel on Tuesday ahead of economic data from China, which may confirm signs of stabilizing growth and fuel demand in the world's second largest oil consumer. Brent crude for January increased 14 cents to $109.53 per barrel by 03:15 GMT, while the U.S. crude futures for January delivery increased 18 cents to $97.52 per barrel. Brent's premium to WTI lessened about $7 in almost two weeks as TransCanada Corp has begun filling a 700,000 barrel-per-day pipeline, which will transport crude oil from Cushing to Gulf Coast refiners.
read more... 11/12/2013
Chinese power demand to double by 2026
According to a report presented by the China Electricity Council (CEC), China's electricity consumption will almost double, reaching almost 8.2 trillion kWh by 2020. In the last ten years China has experienced huge economic growth, which has required an equally huge growth in capacity of its energy generation industry. China has managed to triple its electricity infrastructure capacity, adding an average 80GW of new power every year.
read more... 11/12/2013
Daily: UK gas prices down on mild temperatures
Brent crude oil futures held near $112 a barrel on Monday, supported by optimistic economic data from the United States and China, the world's first and second largest oil consumers. Brent futures rose 11 cents to $111.72 a barrel at 04:30 GMT, while U.S. crude increased 18 cents to $97.83, after ending on Friday with its largest weekly percentage gain since the beginning of July.
read more... 10/12/2013
New oil and gas discovery for Eni in the Norwegian Barents Sea
The Italian company has announced in a press release that it has made a new oil and gas discovery in the Norwegian Barents Sea. The discovery is about 240 km from Hammerfest, and the company said that the well has confirmed good quality oil and gas, with volumes of recoverable oil estimated at between 20 and 50 million barrels. The discovery is part of Eni’s joint venture exploration activity to develop the Johan Castberg field.
read more... 10/12/2013