Latest news
RWE: oil and gas division likely to be sold to group managed by Russia’s Fridman
RWE, the indebted German utility, intends to sell its oil and gas output division DEA to a group of investors managed by Mikhail Fridman, the Russian magnate. The arm is estimated at almost 5.1 billion euros (or $7.10 billion), counting the debt.
read more... 17/03/2014
Daily: Forward prices of European power settled down on warm weather, sluggish supply
Brent crude oil settled up on Monday, spurred by output blackouts in Libya and South Soudan which slashed exports and restrained global supply.
read more... 25/02/2014
Daily: German power prices drop on stronger solar power output
Crude oil prices settled down on Friday, lightly washing out their sixth consecutive week of gains, dragged down by milder temperatures in U.S. after a cold snap, causing a selloff in heating oil.
read more... 24/02/2014
China: huge shale gas well was discovered
China has announced last week that its top refiner Sinopec Corp has discovered a shale gas well in the Guizhou Province in the southwestern part of the country. Located at a depth of 4,417 metres, the well is thought to be the deepest discovery and is likely to have a maximum daily output of 105,000 cubic meters, while the nation’s Ministry of Land and Resources said the gas well is expected to have an average daily output of 43,000 cubic metres.
read more... 17/02/2014
EDF Energy generated its highest amount of nuclear power in UK in 8 years
The French state-controlled company EDF Energy has announced that last year it has generated its highest amount of nuclear power in the UK for the last eight years, increasing its earnings by 1.4 per cent to £1.69bn from £1.67 in 2012, driven by the performance of its eight nuclear power stations. According to the company’s annual results, the nuclear power output rose by 0.5 TWh attaining 60.5 TWh in 2013.
read more... 14/02/2014