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Daily: Crude oil prices pare losses after pipeline resumes activity
Crude oil prices on both sides of Atlantic pared losses on Monday as operations of the Seaway oil pipeline delivering crude oil from Cushing, Oklahoma to Gulf Coast refineries, resumed after a short shutdown. Cushing represents the delivery point for the U.S. oil futures contract. Meanwhile, U.S. crude oil dropped by 81 cents to settle at $103.03 a barrel, after trading close to $2 a barrel lower at $101.86 earlier in the session. The contract dipped below the 100-day moving average of $102.45. Brent crude futures pared earlier losses to settle 22 cents higher at $109.68 per barrel, after earlier trading as low as $107.89.
read more... 08/10/2013
Chevron to sign a shale gas agreement with Ukraine
Ukraine has inked a draft production agreement for shale natural gas with US energy company Chevron.
read more... 08/10/2013
Beijing to substitute four coal-burning heating plants
China has announced that it intends to replace four coal-burning heating plants in Beijing by the end of 2014, as it is trying to clean up pollution. The four plants and some 40 other similar projects would cost about 48 billion yuan and is likely to reduce sulphur dioxide emissions by 10,000 tonnes and could produce something like 7.2 GW of power fueled by natural gas.
read more... 07/10/2013
Noble Energy unveils gas discovery offshore Cyprus
Noble Energy, Texas-based energy company, unveiled it has discovered a deposit of natural gas at the Levant basin off the coast of Cyprus.
read more... 07/10/2013
Scotland's renewables industry displaces record amount of CO2 emissions
According to official statistics, Scotland has recorded the largest ever drop of CO2 emissions. Scotland's renewable electricity industry generated 14,825 GWh last year, displacing 10.3 million tones of CO2, a 24% increase if compared to the 8.3Mt of CO2 displaced in 2011.
read more... 07/10/2013