Latest news
Shale gas: Chevron could draw Eastern Europe towards natural gas independence
The American gas giant Chevron remains optimistic about prospects of shale gas explorations in Eastern Europe, being confident that shale gas could break the Russian grip on gas.
read more... 26/07/2013
Go ahead for the North Blyth biomass power plant
The RES has received the permission from the Government to build a 100 MW biomass power plant in Northumberland. It is RES's first biomass plant, with the company having developed a number of onshore and offshore wind projects and solar energy schemes.
read more... 25/07/2013
New gas discovery in Italy’s PO Valley
Sound Oil plc, an independent oil and gas company, which activates mainly in Indonesia and Italy, has announced a new gas discovery at Nervesa well, in Italy’s Po Valley. A further announcement on total estimated quantities at the site will be made in the coming months, with possible production envisaged for 2015.
read more... 25/07/2013
Daily: European coal prices boost on Colombian miners’ strike
Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013
Statoil’s second-quarter net profit sink missing expectations
Norwegian oil and gas giant Statoil released a considerable second-quarter net profit, missing analysts' expectations, being hurt by weak prices, poor trading results and slightly lower volumes.
read more... 25/07/2013