Oil & Gas
Mar 28th, 2011
Oil Eases as Libya Rebels Recapture Major Oil Port
In other Nymex trading for April contracts heating oil fell 0.2 cents at US$3.05 a gallon and gasoline was steady at US$3.04 a gallon.
World oil prices eased in Asian trade Monday as Europe debt concerns escalated following reduction in bailout package by the EU. Light sweet crude for May delivery was seen trading at US$105.02...
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 9th, 2010
Oil makes gains above US$87 a Barrel in Europe on Stronger Stock Markets, Softer Dollar
Oil prices have remained above US$87 a barrel, near 2010 highs, supported by rising stock markets in Europe and a weaker dollar.
By early afternoon Tuesday in Europe, benchmark oil for December delivery was up 31 cents at US$87.37 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the day it reached...
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,...
Sep 6th, 2010
Oil Drops to Near $74 as Traders Eye US Economy
Oil prices slipped to near $74 a barrel Monday as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
By early afternoon in Europe, benchmark oil for October delivery was down 45 cents at $74.15 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 42...
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...
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 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 6th, 2010
Brent Oil Price at $82 Level as Europe Problems Hit Markets
Brent oil prices sank lower to the $82 – $83 mark in trading yesterday as increasing problems in Europe hit global stock markets.
In early trading on Thursday, Brent crude oil futures is currently at $82.69 on the ICE Futures Exchange.
“The market is realising the problem in Europe is not easy to fix,” said Clarence Chu,...
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 21st, 2010
Oil Rises Above US$84 in Europe as Stocks Rally on Earnings, Airports Open in Europe
Oil prices have advanced past US$84 a barrel as stock markets rally on strong corporate earnings and more airports opened in Volcanic ash stricken Europe, easing fears of dampened demand for crude.
By early Wednesday afternoon in Europe, benchmark crude for June delivery was up 20 cents at $84.05 in electronic trading on the New York...
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 15th, 2010
Drillers Find Two Major Gas Fields in North Sea
Two major gas finds have been made in the southern North Sea off the coasts of Norfolk, Lincolnshire and Yorkshire.
Dana Petroleum said a test well had found an estimated 130 billion cubic feet of gas about 80 miles north of the terminal at Bacton in Norfolk.
Endeavour International announced a find a 30 miles further to...
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....