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Britain’s SSE signed long-term gas deal with Norway’s Statoil
British company SSE has signed gas supply contract for a period of 6 years with Norway's Statoil for 500,000 therms (1.4 million cubic metres) of gas daily, according to SSE on Friday.
read more... 06/10/2014
Decreasing energy prices inform on weakening world economy
A sharp decline in energy prices around the world informs on worsening of the global economy since China's decade-long expansion stopped, in addition to Europe's long fight with collapse.
read more... 03/10/2014
Ukraine gets first Norwegian gas
Ukraine, importing gas from Europe with the aim to substitute Russian imports, has obtained its initial supplies from Norway, as stated by a source in the Ukrainian energy sector on Thursday.
read more... 03/10/2014
Daily: British natural gas prices sank on supply glut, high stockpiles
Brent crude oil prices plunged to a three-month low on Thursday to strike is lowest level since mid-2012, dragged down by intensifying concerns over weak demand, supply glut and signs that Saudi Arabia is in no rush to curb output. Brent crude for November delivery also closed well off the day's low, dropping 74 cents to settle lower at $93.42. It earlier slipped to $91.55, its lowest level since June 2012. U.S. crude for November delivery recovered 28 cents at $91.01 per barrel, after earlier tumbling to $88.18, its lowest intraday level since April 2013, on data showing a 1.7 million-barrel drop in Cushing stockpiles.
read more... 03/10/2014
Britain raises green subsidy budget to 300 million pounds
Britain has raised its budget to financially support power projects that employ renewable sources by 95 million pounds to 300 million pounds ($486 million), as stated by the Department of Energy and Climate Change (DECC) on Thursday.
read more... 03/10/2014