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Daily: Oil price increases on Canadian wildfire outages, markets observe Saudi restructuring
Oil prices rose on Monday since a huge wildfire in Canada's oil sand region blown away over a million barrels in daily production capacity, contributing to a major tightening of markets over the past weeks. The lost capacity equals to approximately a third of the country's usual daily production.
read more... 09/05/2016
Italians are looking for repowering turbines
Milan developer E2i Energie Speciali has launched a tender for the supply and commisionning of about 29 turbines at three existing wind farms in central Italy.
read more... 09/05/2016
India and Iran will clear $6.4 billion oil payments through European banks
The central banks of India and Iran have apparently decided to use European Banks to clear oil payments to Tehran. They are valued at $6.4 billion (£4.4bn), according to Indian Oil Minister Dharmendra Pradhan.
read more... 09/05/2016
First fracked gas could enter the British market in 2017
First deliveries of shale gas, extracted via the unconventional fracking process, could enter the British gas market as early as mid-2017, as stated by the manager of shale gas company Cuadrilla Resources on Friday.
read more... 09/05/2016
UK: £11bn investment in solar energy increases M&A activity
Mergers and acquisitions (M&A) in the UK solar sector are developing because of a £11 billion investment since 2013, according to a new report which added that the number of transactions tracked in 2015 increased by 14%.
read more... 06/05/2016