Latest news
UK: Shale gas reserves could quadruple
The IGas Energy Group, one of the UK’s hydrocarbon producers, has announced that its license in north west England could contain over 170 trillion cubic feet (Tcf) of the unconventional gas. According to IGas technical studies, the quantity of shale gas in some regions of the UK has been underestimated.
read more... 06/09/2013
Eni strikes the biggest ever gas discovery offshore Mozambique
Italy –based Eni has unveiled a new significant impact discovery offshore Mozambique, while working in its Agulha exploration prospect.
read more... 06/09/2013
Daily: Crude oil futures up on both sides of Atlantic on optimistic U.S economic data
Crude oil futures increased on both sides of the Atlantic on Thursday on optimistic U.S. economic data and a decrease in U.S. crude inventories. Brent traded above $115 early in the session as investors worried that supply disruptions could prolong in the Middle East after a U.S. Senate panel voted on Wednesday to back a military strike on Syria. Meanwhile, Brent crude rose 13 cents to $115.04 a barrel by 1:24 p.m. EDT (1724 GMT) after an earlier high of $115.55 and U.S. oil traded 81 cents higher to $108.04 a barrel after earlier reaching $108.54.
read more... 06/09/2013
Daily: European spot power prices down on more wind and sun power generation
Brent crude oil settled lower on Wednesday as it emerged that a military strike against Syria would remain restricted, repressing fears of supply disruptions in the Middle East. U.S. oil lost more than $1 per barrel, as any Middle East conflict might further tighten already restrained global supplies. Brent prices for October delivery decreased 77 cents at $114.91, after trading as high as $116.09 and as low as $114.40. While U.S. crude oil for October delivery established at $107.23 a barrel, decreasing $1.31, or 1.2%.
read more... 05/09/2013
EWEA: Offshore wind turbines increased about 2-fold in 2013
The industry body European Wind Energy Association (EWEA) said in the first half of 2013 the number of new offshore wind turbines installed increased about 2-fold compared with a year ago, however financing for new projects has slowed.
read more... 05/09/2013