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Falling oil prices hit Russia hardest

  • 9 years ago (2014-11-25)
  • Junior Isles

Ahead of the next Opec conference, falling oil prices – coupled with geo-political sanctions – look set to hit Russia hard.

Ineos announces UK shale gas exploration plans

  • 9 years ago (2014-11-25)
  • Junior Isles

Following its recent acquisition of 1.866 sq. km (729 square miles) of fracking licences in Scotland, Britain’s largest chemical company, Ineos, has recently revealed a £640 million ($1.024 billion) scheme to develop its exploration operations for shale gas across the UK.

Enel sells Endesa stake

  • 9 years ago (2014-11-24)
  • Junior Isles

Italian utility Enel has raised €3.13 billion ($3.91 billion) from the sale of a large stake in its Spanish power utility Endesa to institutional and retail investors.

Siemens receives first H-Class orders from Japan

  • 9 years ago (2014-11-20)
  • Junior Isles

Siemens has received its first order from Japan for delivery of two H-Class gas turbines. The two SGT5-8000H gas turbines will form the core of the combined cycle power plant of Kobe Steel, Ltd. (KOBELCO) in Moka City, Tochigi Prefecture in Japan.

Japan and US pledge billions to climate fund

  • 9 years ago (2014-11-19)
  • Junior Isles

Japan and the US made separate climate funding announcements at the G20 (Group of Twenty) summit of world leaders in Brisbane, Australia, on November 15th and 16th. The two countries pledged up to $1.5 billion and $3 billion, respectively, to the UN Green Climate Fund.

VRA claims Ghana needs $1.5 billion of power investment to end power crisis

  • 9 years ago (2014-11-18)
  • Junior Isles
Ghana’s main power generator, the Volta River Authority (VRA), estimates that around $1.5 billion in investment will be needed to end the country’s power generation crisis.

Enel to simplify Latin American operations

  • 9 years ago (2014-11-14)
  • Junior Isles

Italian utility Enel SpA is to simplify its Latin American operations and focus on electricity distribution and renewable energy as it increases investment in the region’s growing markets.

WEO 2014 says signs of stress must not be ignored

  • 9 years ago (2014-11-13)
  • Junior Isles

The International Energy Agency’s (IEA) World Energy Outlook 2014 (WEO-2014) launched in London yesterday has warned that current events could distract decision makers from recognising and tackling the longer-term signs of stress that are emerging in the energy system.

US-China agree on carbon emission limits

  • 9 years ago (2014-11-12)
  • Junior Isles

China and the United States have agreed to new limits on carbon emissions starting in 2025.

Russia, China deepen energy ties

  • 9 years ago (2014-11-10)
  • Junior Isles

China and Russia deepened their energy ties with a second major deal that further reduces Russia’s reliance on Europe as its main gas off-taker. The preliminary gas-supply agreement signed in Beijing by Russian President Vladimir Putin and Chinese President Xi Jinping, would also secure 17 per cent of the gas supplies China needs by the end of the decade.