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TAQA: Hydrocarbon leak at a key platform in North Sea UK
An important oil pipeline network, which handles about 6% of UK’s oil production, was forced to halt its production following a leak at a key North Sea oil platform. The shutdown was confirmed by Abu Dhabi National Energy Co (TAQA) on January 14, at one of its platforms in the UK North Sea.
read more... 16/01/2013
Daily: Brent and U.S. crude end lower as U.S. gasoline prices decline
Brent and U.S. crude oil futures tumbled on Friday dragged down by the decline of U.S. gasoline futures following expectations of firmer imports and as an expected U.S. Midwest-to-Gulf Coast crude oil pipeline expansion began to narrow the spread between Brent and U.S. crude prices. Meanwhile, Brent February crude slipped $1.25, or 1.12 percent, to settle at $110.64 a barrel, having traded from $109.60 to $111.95 and posting a weekly loss of 0.6 percent. U.S. crude futures eased by 26 cents, or 0.28 percent, to settle at $93.56 a barrel, having traded from $92.65 to $94.13, however posting a weekly gain of 0.5 percent.
read more... 14/01/2013
Bulgaria will be able to import gas from Europe in 2014
According to Bulgaria’s deputy minister of economy and energy, Evghenia Haritonova, Bulgaria will be able to import natural gas from European suppliers in 2014.
read more... 04/01/2013
Coal generates 35% of UK’s electricity
Coal still plays an important role in UK’s electricity generation, as in the third quarter of this year, coal generated about 35 % of the UK's electricity, according to Government figures, at the same time as gas provided 28 %of electricity, and nuclear 22 %, while renewable accounted just under 12%.
read more... 21/12/2012
Smart grids could reduce emissions by 2.2 gigatonnes by 2050
According to Connie Hedegaard, the EU Commissioner for Climate Action, spending in clean technologies like smart grids is the key to save billions of euros by lowering energy bills and cutting in half imports of oil and gas, as well as reducing CO2 emissions by almost 2.2 gigatonnes by 2050.
read more... 07/12/2012