Latest news
Daily: Brent crude prices edge up after a four-month drop
Brent crude futures edged up on Monday, rebounding after a four-month drop following weaker-than-expected U.S. economic figures, as traders bought back short positions to take profits on the early decline.
read more... 05/11/2013
Spain discloses an amendment to shale gas fracking
The Spanish government has recently decided to give a chance to shale gas fracking, publishing ground rules for operators making use of hydraulic fracturing in the country, amending the previous law to allow water-intensive drilling.
read more... 05/11/2013
Switzerland to close its Muehleberg nuclear plant by 2019
Following the March 2011 Fukushima nuclear disaster, the Swiss government has decided to phase out nuclear power as an energy source for electricity generation and to look more towards energy efficiency and renewables.
read more... 05/11/2013
Gazprom starts South Stream construction works in Bulgaria
Gazprom has started the construction of the Bulgarian section of the South Stream pipeline. The pipeline will go from Russia to Bulgaria through the Black Sea, and in Bulgaria it will divide in two, with the northern leg going through Serbia, Croatia, Hungary, and Slovenia to Austria and Northern Italy, while the southern leg going through Greece to Southern Italy.
read more... 04/11/2013
Centrica to abandon plans for a 2 billion pound wind farm
Centrica has announced it intends to abandon plans to build a 2 billion pound offshore wind farm as it said that subsidies offered by the government are too low. The UK based energy company added also that it will not build the Race Bank wind farm unless the government enhances the projected subsidies.
read more... 04/11/2013