U.S. oil and energy giant Chevron has announced it has decided to abandon the tender to explore shale gas in Lithuania because of the unfinished legislative base for hydrocarbon exploration in Lithuania.
read more... 09/10/2013
The EBRD is providing a long-term loan of more than 69 million euros to PEPSA, a group of three special-purpose companies fully owned by Polish Energy Partners S.A, aiming to support the construction and operation of three wind farms in northern and north-eastern Poland. They are Gawłowice with a total capacity of 41.4 MW, Rajgród with 25MW and Skurpie 37 MW.
read more... 09/10/2013
UK Minister of Energy and Climate Change (DECC) Greg Barker has unveiled a new “Solar PV Energy Roadmap”, with solar energy playing a key role in the UK’s renewable energy expansion.
read more... 09/10/2013
Crude oil prices on both sides of the Atlantic rose on Tuesday as geopolitical risk returned into the markets, even as the dollar index turned positive after a mid-morning phone call between U.S. President Barack Obama and U.S. House Speaker John Boehner over the budget crisis. Meanwhile, Brent increased by 48 cents to settle at $110.16 a barrel, after earlier recording gains of over $1. U.S. oil traded 46 cents higher to $103.49, after earlier gaining over $1.
read more... 09/10/2013
National Grid warned that the UK is at its highest risk of blackout this winter in more than five years. The demand for electricity could reach 95% of available supply if the country would be affected by a cold snap. The National Grid has said that this year the safety margin will be just 5%, being the lowest predicted since 2007.
read more... 08/10/2013