Latest news
Centrica plans to increase Morecambe Bay gas output by investing 60 mln pounds
British utility Centrica announced on Wednesday about the intention to spend 60 million pounds ($77 million) to unlock more natural gas reserves in Morecambe Bay gas fields, under the Irish Sea, aiming to reduce a potential shortage next winter, since a continuing outage at Centrica’s older Rough gas storage has increased concerns about the security of supply.
read more... 04/05/2017
Brexit might almost double oil and gas trade costs
The trade body for the UK oil and gas industry is exhorting Prime Minister Theresa May to find solutions so as to minimize any Brexit fallouts, after a recent report showed that the cost of oil trading after the UK’s exit from Europe might double to approximately £1.1bn per year.
read more... 04/05/2017
Australia on its way to meet renewables target by 2020
Australia is more likely to reach its 2020 renewable energy target, due to unprecedented investment in wind and solar power, according to the Clean Energy Regulator.
read more... 04/05/2017
Daily (04.05.2017): Oil prices rose as US stockpiles fell less than expected
Oil prices slightly rose on Wednesday as EIA announced that weekly crude stocks reduced less than half of the forecasted value.
read more... 04/05/2017
Electricity market liberalization in Greece continues with the sale of coal-fired plants and coal mines
The energy ministry of Greece announced on Tuesday about the plans to sell by June 2018 some coal-fired plants and coal mines corresponding to 40% coal-fired capacity of the state-owned dominant power utility Public Power Corp (PPC), in order to open up the electricity market. Energy ministry will hold a market test to identify potential investors by November 2017.
read more... 03/05/2017