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Italy: shutdown of 2 Vado Ligure coal units
Tirreno Power, an Italian electricity generation company, owned 50% by France’s GDF Suez, has received an order from an Italian judge to shutdown two coal-fired units at its Vado Ligure plant because of ecological concerns, as stated by a spokesman for the Italian firm.
read more... 12/03/2014
Germany’s reliance on Russian gas puts Europe at risk
The German Chancellor, Angela Merkel, should try to reduce German and European reliance on Russian gas in order to avoid possible aggressive steps made by Russia in the near future, as stated by Donald Tusk, Poland’s prime minister.
read more... 11/03/2014
Exxon plans to launch production at 10 new projects
ExxonMobil Corp., the super giant oil company, has the intention to reduce expenditures and to begin production simultaneously at 10 significant projects this year, adding to its portfolio a net capacity of 300,000 barrels of oil equivalent per day.
read more... 11/03/2014
Rosneft defies Gazprom monopoly to get right to export Russian gas via pipeline
The major oil producer in Russia, Rosneft, plans to break domination of another energy important company, Gazprom, to export gas through pipelines, leading to an explosion between the major clans, according to some sources on Friday.
read more... 10/03/2014
Daily: French, German spot power prices mixed on Friday
Crude oil prices jumped on Friday after the aggravation of diplomatic relations between Ukraine and main oil producer Russia which stoked supply fears. Global benchmark Brent crude oil rose 90 cents to settle at $109.00 a barrel. Meanwhile, U.S. crude boosted by $1.02 to close at $102.58, encouraged by U.S. job growth at a quicker pace than anticipated on optimistic signs for oil demand.
read more... 10/03/2014