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Falling oil prices hit Russia hardest
- 2014-11-25 14:23:04
- 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
- 2014-11-25 09:24:12
- 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
- 2014-11-24 16:02:22
- 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.
Japan and US pledge billions to climate fund
- 2014-11-19 11:18:42
- 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.
Enel to simplify Latin American operations
- 2014-11-14 10:19:23
- 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
- 2014-11-13 13:07:09
- 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.
Russia, China deepen energy ties
- 2014-11-10 21:12:14
- 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.
GIB to fund community-scale renewables
- 2014-11-07 11:13:54
- Junior Isles
The UK Green Investment Bank (GIB), leading global investment firm KKR, and specialist investment manager Temporis Capital LLP have announced a new £200 million lending programme for community-scale renewable energy projects in the UK.
UK reserve margin to hit 7-year low
- 2014-10-31 10:28:57
- Junior Isles
National Grid has warned that its capacity to supply electricity this winter will be at a seven-year low due to generator closures and breakdowns.
Germany to look at reducing coal fired generation
- 2014-10-30 22:35:43
- Junior Isles
Rainer Baake, State Secretary at Germany’s Ministry of Economic Affairs , has said that the government will decide a programme on December 3, 2014 aimed at improving energy efficiency and possibly reducing the amount of electricity currently produced by coal fired plants.
