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Greece pledges tax reduction to attract oil and gas majors
Greece intends to reduce tax rates for oil and gas firms since it desires to attract them to aid develop its unexploited offshore hydrocarbon resources, as stated by its energy minister on Tuesday.
read more... 02/07/2014
Norway: wind farm to be built off Britain by Statoil and Statkraft
Norway's Statoil and Statkraft will construct the Dudgeon offshore wind farm off the coast of Norfolk in Britain, according to Statoil on Tuesday. It is estimated that the cost will be around 1.5 billion pounds ($2.57 billion).
read more... 02/07/2014
Daily: European carbon prices at highest quarterly increase since 2008 on supply cuts
Brent crude declined toward $112 a barrel on Monday, touching an 18-day low, while U.S. crude dropped near $105 as investors’ worries about eventual supply disruptions from Iraq eased. Brent slipped 94 cents to close at $112.36 a barrel, its weakest settlement since June 12. WTI crude inched 37 cents down to settle at $105.37 a barrel, also its lowest since June 12.
read more... 01/07/2014
GDF Suez and Toshiba to go forward with Europe’s major nuclear power project in UK
France's GDF Suez and Japan's Toshiba will proceed with plans to expand Europe's largest nuclear power project in northwest England, after finalizing the transaction, according to their joint venture on Monday.
read more... 01/07/2014
Scotland may possibly have shale for 30 years worth of UK gas necessities
Scotland, heading for a September independence referendum, might possess sufficient shale gas resources to satisfy UK gas necessities for over 30 years, according to a geological report publicized by the British government on Monday.
read more... 01/07/2014