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Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013
Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.
read more... 30/10/2013
China fixed a new solar target for 2015
China has expanded its distributed solar capacity target to 20 GW by 2015. China is set to lead the greatest uptake of solar, with plans to install more than 2GW of photovoltaic (PV) by the end of 2013. It is expected that in 2014 PV installations will rise by 17%, increasing from 15% in 2012 and 13% in 2013. The year 2014 will bring the highest rate of growth since the 35% increase in 2011.
read more... 29/10/2013
Singapore eyes becoming Asia’s LNG hub
Singapore eyes becoming Asia’s new liquefied natural gas (LNG) trading hub, with the city hoping to take the lead in the region. Moreover, it is taking steps to make this dream come true by the end of the year.
read more... 29/10/2013
Daily: Brent crude prices rocket 2.5 pct on Libya output decline
Brent crude futures rocketed 2.5 percent on Monday following Libya’s oil exports reduction, while the U.S. dollar rose, but held close to a nine-month low against a basket of currencies as Fed policy continued to ascertain the greenback's trend.
read more... 29/10/2013
Fossil fuel energy consumption: between past and future
For the past couple of hundred years we have come to rely more and more on fossil fuels. Fossil fuels were and would continue to be an important source of energy worldwide. About 87 percent of the world's energy consumption is currently based on fossil fuels and is expected that they will continue that trend, accounting for 80% of all energy supply by 2040.
read more... 29/10/2013