energy
Mar 28th, 2011
Metals Energy Updates: Nat Gas Continues to Shine Copper Falls
The metal gained 0.7 percent this week after turmoil in Libya radiation leaks from a damaged nuclear reactor in Japan and Europe’s lingering debt crisis spurred demand for an investment haven
US gold futures rose to record higher before falling and oil futures fell this week while the really shining commodity was natural gas which continued...
Jan 27th, 2011
51% Growth for EU Offshore Wind Power in 2010
With 308 new offshore wind turbines installed in 2010 - an increase of 51% in installed wind power capacity on the previous year - offshore wind power experienced a new record growth in Europe.
In total, 883MW of new capacity, worth some €2.6 billion, were installed in 2010 in nine wind farms in five countries, making...
Jan 26th, 2011
Global Energy Industry Down, Renewable Energy Up
The potential investment value of new power projects globally fell 53% in the fourth quarter (Q4) of 2010 compared to Q3, according to the EIC Monitor, whereas renewable energy projects have seen growth in number of projects and potential investment value.
In the global power industry, the number of new projects (425) compared to 351 new...
Jan 24th, 2011
Crude Oil Gains as U.S., Europe Economies Boost Outlook for Fuel Demand
March futures rose as much as 0.4 percent before a Commerce Department report this week that may show U.S. gross domestic product accelerated in the fourth quarter. Industrial orders in the euro area probably gained in November, according to a Bloomberg News survey before data scheduled for today. German business confidence unexpectedly climbed to a...
Nov 9th, 2010
Greenies Call for Carbon Price by 2012
Environmental groups are calling for a national carbon price to be implemented by 2012, ahead of parliamentary climate change talks in Canberra.
A second meeting of the federal government’s multi-party climate change committee, set up to discuss the prospect of an Australian carbon tax, will take place on Wednesday.
In a statement released to coincide with the...
Nov 8th, 2010
Offshore Wind, Wave and Tidal Can Meet Europe’s Electricity Demand
Offshore wind, wave and tidal energy could technically provide all of Europe’s future electricity demand, according to a group of industry experts and scientists under the EU ORECCA project.
Today offshore wind turbines with a total capacity of around 2.8 GW, are feeding energy into the European grids. Most of the wind farms are installed less...
Nov 5th, 2010
US Ethanol Production Reaches Record High
Information from the Energy Information Administration (EIA) indicates that US ethanol production rose in August to an all-time high. August 2010 ethanol production averaged more than 869,000 barrels a day (bpd), up from 857,000 bpd in July.
Ethanol demand, as calculated by the RFA, also reached an all-time high as well at 911,000 bpd in August,...
Jun 16th, 2010
The Poetry of Cutting Greenhouse Gas Emissions
The world’s largest producer of corn-based ethanol will see a reduction in carbon emissions by 111% over petrol when it opens its first planned commercial cellulosic ethanol plant.
This means Poet’s cellulosic ethanol actually has negative emissions; it will offset more greenhouse gas emissions than it produces.
The analysis, compiled by Air Improvement Resource highlights a number...
Jun 16th, 2010
Europe Inflation Accelerates on Energy, Euro’s Drop
European inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region.
Euro-area consumer prices rose 1.6 percent in May from a year earlier after increasing 1.5 percent in April, the European Union statistics office in Luxembourg...
May 27th, 2010
Europe Wants to Move Beyond 20% Greenhouse Gas Emission Reductions
The European Commission has presented an analysis of the costs, benefits and options for moving beyond the EU’s greenhouse gas reduction target for 2020 from 20% below 1990 levels to 30% once the conditions are met. At present these conditions have not been met. This communication follows the Commission’s Communication on “How to reinvigorate international...
May 26th, 2010
Europe Resists Shale-Gas ‘Bandwagon’
Environmental concerns hinder embrace of U.S. phenomenon
Shale gas, viewed as a game-changer in the U.S. natural gas market, is likely to have less of an impact in overcrowded Europe, companies attending the Reuters Global Energy Summit said.
The fuel — natural gas trapped in layered rock rather than porous reservoirs — accounts for a rising part...
May 14th, 2010
DGS to Replace SAoy and Rape in Europe
Traditional protein sources for animal feed such as soybean and rapeseed in the future will more and more be replaced by wheat and maize dried distillers grains with solubles (DDGS).
This is the opinion of Jan Verhoeven, commercial manager at Duynie, market leader in moist animal feeds in the Netherlands. DDGS are by-products of the production...
May 11th, 2010
Europe’s Coal Irony
Coal, the world’s fastest-growing source of energy — and one of its most-polluting — is coming under pressure from one of its biggest traditional consumers, the US, via natural gas and pollution regulations. Meanwhile India is talking about not mining some of its own reserves, for environmental reasons.
So it still seems a little ironic that...
May 10th, 2010
Oil Rises for First Time in Five Days on Europe Emergency Fund
(Bloomberg) — Crude oil rose for the first time in five days on speculation an emergency fund by European policy makers will be sufficient to contain sovereign debt risks and help maintain growth in the region.
Oil climbed from a 12-week low on May 7 after European Union governments and the International Monetary Fund agreed to...
May 4th, 2010
Linde expands gas supply network for ThyssenKrupp Steel Europe in Duisburg, Germany
MUNICH, GERMANY — Linde AG / Linde expands gas supply network for ThyssenKrupp Steel Europe in Duisburg, Germany processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
* EUR 75 million investment under umbrella of long-term gas supply contract
* Linde constructs eleventh air separation plant in Duisburg-Ruhrort, Germany
Munich,...
Apr 15th, 2010
Europe Products-Gasoline, Diesel Up on Tighter Stocks
LONDON - Gasoline and diesel rose in Europe on Thursday, supported by gains in Brent and tightening stocks of the motor fuels. But ICE gas oil futures came under pressure, with a strong rally in Brent and limited demand as Europe emerges from winter pushing its crack lower for the seventh straight day.
GASOLINE AND...
Apr 15th, 2010
Energy Suppliers Worst for Inaccurate Bills
Consumers have named energy suppliers as the worst industry for getting bills wrong for the fourth year in a row, research has revealed.
The research from consumer website uSwitch.com shows that 30% of households have been billed incorrectly by their energy company within the last two years – 17% of which have been billed wrongly on...
Apr 9th, 2010
Europe Searches for a Common Energy Policy
Experts agree that the farewell to coal, oil, gas and also nuclear power can already be implemented technically. But the transition to renewable energy lacks the necessary political framework and willpower.
Negotiators are meeting at the UN’s climate body UNFCCC in Bonn this weekend for their first official talks since the disappointing Copenhagen summit in December....
Apr 1st, 2010
Industry Groups Urge EU to Act on Rising Iron Ore Prices
European industry bodies have called on the EU to fight excessive iron ore prices and prevent unfair competition, saying the current situation could hamper economic recovery and harm the competitiveness of manufacturing in Europe.
Steel body Eurofer and automobile trade association ACEA said they were concerned about rising iron ore prices following an announcement by global...
Mar 25th, 2010
GE Investing EUR340 Million To Develop Offshore Wind In Europe
LONDON -(Dow Jones)- General Electric Co. (GE) Thursday announced plans to invest EUR340 million to develop and expand its offshore wind turbine manufacturing, engineering and service facilities in Europe, including plans for a turbine manufacturing facility in the U.K.
The plans are a boost to the supply chain for Europe’s offshore wind sector, which is on...