Latest news
GE won a supply contract for Hinkley Point C nuclear power project
GE has won a $1.9 billion supply agreement for the UK’s Hinkley Point C nuclear power project, which was approved yesterday by the government.
read more... 19/09/2016
Daily: Crude oil ends down hit by oversupply fear, gasoline rally
Crude oil prices lost up to 2% on Friday to hit multi-week lows after Iran, the third-biggest OPEC producer, raised crude exports to over 2 million barrels per day (bpd) in August, intensifying fears about a global glut, while gasoline increased on refinery and pipeline outages. Bearish U.S. equity markets and rising dollar also had an impact on crude futures and other commodities denominated in the greenback. Brent crude futures declined 82 cents, or 1.8%, to settle at $45.77 a barrel, reaching a two-week low of $45.48. U.S. West Texas Intermediate crude futures fell 88 cents, or 2%, to close at $43.03 a barrel. WTI hit a five-week bottom of $42.74. For the week, Brent lost 5%, while WTI lost 6%.
read more... 19/09/2016
UK’s government approves the construction of new Hinkley Point C nuclear power plant
The United Kingdom gave the green light for the construction of the controversial Hinkley Point C nuclear power plant in Somerset, after its delaying has frustrated investors in China and France.
read more... 16/09/2016
China solar panel excess destabilizes EU-China agreement
A sharp rise in solar power production in China and a sharp drop in domestic demand have caused an unexpected surge of cut-price exports, undermining a China-EU accord to reduce damage to European producers.
read more... 16/09/2016
Lewis Wind Power purchases new wind farm site in Scotland
Lewis Wind Power (LWP), a joint venture between engineering and construction group Amec Foster Wheeler and EDF Energy Renewables, on Wednesday acquired new wind farm acreage on Scotland's Isle of Lewis since it tries to sell production into the wider UK grid through a scheduled sub-sea cable.
read more... 16/09/2016