Latest news
Daily: British prompt gas at a 2-month low on warm weather
Brent crude declined to $104 per barrel on Monday as renewed worries about the global economy returned to spotlight due to concerns that Spain will not be able to deal with a costly sovereign bailout, which could have a great impacts on oil demand.
read more... 23/07/2012
UK: Good Energy to build Britain’s biggest solar farm
UK’s energy group, Good Energy, would build the UK’s biggest solar farm which will cover 224 acres by putting 135,000 solar panels on farmland in the Cornish countryside. It will cover an area six times bigger than the project at Marley Thatch Farm, in Devon, approved last month, which will cover 37 acres and have 28,000 photovoltaic panels.
read more... 23/07/2012
UK: new electricity market reforms will add £110 to electricity bills
According to the UK’s MPs, the Government new electricity market reform could increase the British householders’ bills by more than £ 110 over the decade and ward off the investors. For companies that intend to invest in building nuclear power plants and wind farms, these reforms aim to ensure high prices, which will also affect consumers.
read more... 23/07/2012
Novatek launched the construction of Sabetta LNG port
Novatek, the second gas producer in Russia, started the construction of a $30 billion Arctic port, called Sabetta, located on the North-East of the Yamal Peninsula in Yamal-Nenets Autonomous Region.
read more... 23/07/2012
Italy: offshore oil and gas exploration projects to resume after Berlusconi’s ban in 2010
The Mario Monti’s government has canceled the ban on offshore oil and gas exploration imposed by Silvio Berlusconi in 2010, following the Macondo well explosion in the Gulf of Mexico, causing the largest U.S. offshore oil spill.
read more... 20/07/2012