Argentina’s state-run energy firm, YPF, said on Thursday that it preliminarily agreed on a deal with American Energy Partners LP (AEP), to explore for shale gas in Argentina’s vast Vaca Muerta formation. The deal would be worth around $500 million over three years.
Azerbaijan’s energy minister, Natig Aliyev, has said the country is on course to produce a total of 29.3 billion cubic metres (bcm) in 2016, after figures for 2015 were released.
The Italian energy company Enel has announced that it is finalising details of a corporate restructure designed to put renewables at the core of the company’s strategy, in a move approved at an extraordinary shareholders’ meeting.
Nuclear technology company, Terrestrial Energy, has today announced that it has generated $7 million in order to bring its next-generation molten salt reactor technology to industrial markets within the next ten years.
Wylfa Magnox, the oldest nuclear power plant in the UK, and the last of its kind in the world, has closed after 45 years of operation.
A study published by the International Institute for Applied Systems Analysis (IIASA) said that climate change could lead to significant declines in electricity production in coming decades as water resources are disrupted.