Latest news
Queen Elizabeth’s Crown Estate makes some important steps towards supporting renewable energy in UK
The Crown Estate, which handles one of the largest property and marine portfolios in the UK, has recently released the conclusion of a report that it had undertaken into the potential capacity of marine energy that is obtainable in the UK. The findings estimate that as much as 118GW could be exploited from tidal power.
read more... 18/10/2012
UK could resume the shale gas fracking practice within weeks
The UK government is taking measures to give the green light for shale gas fracking practice to resume in weeks to come. The activity was partially suspended last year due to environmental concerns about the fracking technology used to exploit it.
read more... 18/10/2012
Norway’s oil and gas output targets for 2012 in doubt
According to the Norwegian Petroleum Directorate (NDP), Europe’s biggest oil producer is expected to miss its oil and gas output target due to interruptions and technical problems. Norwegian oil and gas production fell deeply in September, as various fields were put on care and maintenance, and will likely produce less oil than the expected 1.6 million barrels per day in 2012.
read more... 18/10/2012
Daily: Brent crude traded lower as November contract expires
Brent crude for November delivery, which is expiring soon, dropped on Tuesday in choppy trading, as U.S. crude oil inventories rose last week and driven down by concerns about faltering economic growth which dragged down prices from a four-week peak above $116 a barrel.
read more... 17/10/2012
Germany will increase its renewables levy
Germany’s Federal Network Agency Bundesnetzagentur has announced that renewable power subsidies tax for German consumers will increase by 47%, from 3.59 cents per KWh to 5.28 cents per KWh, by 2013.The Government added that it will extend caps on subsidies for solar energy to more technologies including wind and biomass.
read more... 17/10/2012