Latest news
Total to start fracking in UK
The French oil giant Total is on the brink to become the first major oil company which would explore for natural gas and oil in shale rock in UK, as the company has acquired a 40% stake in two shale gas exploration licences in Lincolnshire in the East Midlands.
read more... 13/01/2014
Italy intends to increase oil production
It is thought that Italy could hold Europe’s biggest onshore crude oil fields. The priority for Italy’s government is to re-launch an economy that’s shrunk and where more than 35 % of young people are unemployed.
read more... 13/01/2014
Spain’s wind power sector
Wind was Spain's top electricity generator for the first six months of 2013. Spain has a vigorous and varied renewable energy portfolio that has considerably reduced its dependence on fossil fuels. Currently Spain imports more than 80% of its gas and coal for domestic use from abroad, making energy security a national precedence. Along with significant growth in solar energy and biofuels, wind energy has become a cornerstone of the Spanish renewable energy portfolio.
read more... 13/01/2014
Daily: British prompt gas prices decline on higher temperature forecasts
Crude oil settled higher on Friday, reversing two days of losses, as traders purchased contracts to cover short positions ahead of the weekend and reports of production issues at a major oil field in the UK kept supply concerns.
read more... 13/01/2014
UK’s coal-fired power plants to come off the grid in less than 10 years
Energy supplier RWE npower has announced it intends to avoid costly retrofits required by European Union pollution laws on seven of its power plants in UK, meaning they will close by the end of 2023 at the latest. The EU Industrial Emissions Directive (IED) should come into effect in 2016, imposing limits on emissions of climate-harming gases.
read more... 10/01/2014