Latest news
BP unveils the start-up of Devenick gas project in UK
The energy major British Petroleum (BP) unveiled the successful start-up of a natural gas project in the North Sea which will be able to provide enough gas to meet the needs of about 500, 000 homes per year.
read more... 09/10/2012
Daily: Brent crude fell below $111 on fragile economy concerns
Brent crude fell below $111 per barrel on Monday, dropping for a second consecutive session on worries that a fragile global economy may slash oil demand, while concerns resulting from tension in the Middle East may help to check losses.
read more... 08/10/2012
EU may not need Nabucco project
The Nabucco pipeline is a project that would supply gas to Europe, reducing the region's dependence on Russian gas, but with US LNG exports, the European Union may not need the Caspian gas, as there are three main reasons that US LNG are more attractive:
read more... 08/10/2012
Companies call for carbon emission targets
About 50 companies- investors, trade unions, environmental groups and industry bodies - have written an open letter to Chancellor George Osborne asking a target for how emissions should be slashed by 2030, arguing that a failure to show dedication to reducing carbon emissions may damage the economy and their commercial prospects.
read more... 08/10/2012
Poland downsizes planned cut in subventions for renewable energy
Poland has downsized its plan to cut feed in tariff for renewable energy from 9.7 billion zlotys to a total of 2.3 billion zlotys ($738 million) by the end of the decade, according to an updated draft bill on renewable published on Friday.
read more... 08/10/2012