Latest news
Poland: Shale gas taxation could be slightly lower
The Polish government’s proposed tax on shale-gas exploration could be lower than the 40% of the gross profit on extraction of gas and oil, according to the declarations of Environment Minister Marcin Korolec made on Friday.
read more... 21/01/2013
Norway proposes tariff cut in its gas pipeline system
Norway's Minister of Petroleum and Energy, Ola Borten Moe, proposed on Tuesday to slash natural gas transport tariffs for new gas contracts, aiming to encourage higher production and exploration in mature fields. Norway is the world`s second largest gas exporter supplying about 18% of Europe’s needs.
read more... 16/01/2013
U.S. crude oil output at the highest level in 20 years due to shale fracking
U.S. oil production surpassed 7 million barrels a day for the first time since March 1993, recording the highest production level in 20 years, being underpinned by the shale revolution, which has boosted exploration across the country and bolstered a shift toward energy independence.
read more... 11/01/2013
UK to withdraw the ban on shale- gas exploration
Ed Davey, Energy Secretary, has announced that exploration works could now continue in the county, allowing Cuadrilla Resources Ltd. to resume operations in Lancashire, which was halted in 2011 when the test-drilling caused two minor earthquakes in northwest England.
read more... 13/12/2012
Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012