Latest news
BP receives a £46 million settlement from Weatherford
BP announced on Tuesday that it has reached agreement with Swiss-based Weatherford to settle potential claims between the companies related to the Deepwater Horizon accident.
read more... 23/06/2011
Ofgem proposes tougher reforms for major UK power companies
The energy watchdog Ofgem has launched a set of rigid market reforms for Britain's six major power companies; involving the auction of more than one fifth of the electricity they generate, in order to increase competition on the market.
read more... 23/06/2011
Daily energy Overview, Wednesday, June 22, 2011
U.S. crude futures ended up on Tuesday as the euro increased against dollar on expectations that the Greek country will get a confidence vote and support the country avoid the debt crisis. U.S. crude for July delivery expired and traded at 93.40 dollars a barrel, up 14 cents, after a trading range from 92.50 to 94.74 dollars. U.S. crude for August delivery closed the session at 94.17 dollars, up 54 cents, after a trading range between 92.88 and 95.10 dollars.
read more... 22/06/2011
Scarcity in British wind farms
Britain has the lowest density of wind turbines among other European countries as compare to 1 turbine per 100 sq km in Britain, Denmark with 11 turbines, Germany and the Netherlands with 6, while Spain has 3.
read more... 22/06/2011
Shell and CNPC to create a joint venture for gas drilling
Royal Dutch Shell signed on Monday a Global Alliance Agreement with China National Petroleum Corporation (CNPC), the parent of PetroChina, aiming to establish mutual cooperation opportunities in China and abroad.
read more... 22/06/2011