EDF is under pressure to abandon or delay building Hinkley Point C, the flagship of the UK Government’s plan to provide generating capacity for 2025.
A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.
As part of Prime Minister Narendra Modi’s drive to attract greater foreign participation in upgrading and expanding the country’s stretched infrastructure, India has invited investments from the United Arab Emirates in a group of oil projects.
General Electric (GE) is to sign a $1 billion agreement with the Iraqi Ministry of Electricity (MoE) that will see the US-based company deliver critical electricity generation and maintenance projects across the country.
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.
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.