A bumper year for British oil and gas ?
This year, oil and gas investment in the UK is set to rise further, setting an all-time high with new jobs and potentially more than GBP5bn in tax revenue to the country’s strained budget and labour market.
This year, oil and gas investment in the UK is set to rise further, setting an all-time high with new jobs and potentially more than GBP5bn in tax revenue to the country’s strained budget and labour market.
Global investment in clean energy hit a record US$260bn in 2011, up 5% from the previous year as investment in solar grew by more than a third despite shrinking profit margins, some bankruptcies and flagging share prices.
Total investments in renewable energy in Africa rose from US$750m in 2004 to US$3.6bn in 2011.
Sinopec and Total invests US$4.5bn in the US shale gas sector as they team up with Devon Energy Corp and Chesapeake Energy.
Google invests US$94m in four solar energy projects, bringing its clean energy investments to US$915m.
Italy’s return on power investments to be raised if regulator’s plans accepted.
French power utility EDF plans to invest EUR1.8bn (US$2.4bn) to build a 900MW coal-fired power plant in Poland. The project will see the replacement of the four oldest units at Elektrownia Rybnik SA’s (ERSA) Rybnik plant with a single, more efficient one.
Ukraine is looking for foreign investment in its planned Black Sea LNG terminal to diversify its energy supply and cement its position as transit point for Asian gas destined for Europe.
South Korea plans to invest US$9bn in a 2.5GW wind power complex, to become operational in the next eight years.
Power shortages in China can be solved by additional investment in distribution networks, says its State Electricity Regulatory Commission.
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