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Offshore wind powers ahead as prices drop 30% below nuclear

2016-07-20 00:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Environmental News Network: The cost of offshore wind power in the North Sea is 30% lower than that of new nuclear, writes Kieran Cooke - helped along by low oil and steel prices, reduced maintenance and mass production. By 2030 the sector is expected to supply 7% of Europe's electricity. Output from the Dogger Bank project will be 1.2 GW (gigawatts) - enough to power more than a million homes. Next year, a 150-turbine wind farm off the coast of the Netherlands is due to start operating, and other schemes along the Dutch coast...

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Oil prices drop 1% over fears of another glut

2016-07-19 01:00:00| Offshore Technology

Oil prices have fallen 1% after increasing stockpiles of crude and refined fuel led to fears of another glut.

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Oil prices drop due to concerns of economic growth slowdown

2016-07-05 01:00:00| Offshore Technology

Oil prices have fallen below $50 a barrel amid concerns of potential slowdown in economic growth, which is expected to weigh on supply outages in Nigeria, as well as other exporting countries.

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Oil prices drop due to prospects of improvement in supply outlook

2016-06-30 01:00:00| Offshore Technology

Oil prices have fallen due to an improvement in the prospects of supply outlook and also concerns of a slowing economy.

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Oil prices drop due to investors' Brexit fears

2016-06-21 01:00:00| Offshore Technology

Oil prices have faltered due to investors' continued uncertainty ahead of Britain's referendum this week on its withdrawal from the EU.

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