Latest news
British Gas rejects the Big Switch Scheme
The energy giant, British Gas has said that it would not take part in so-called Big Switch scheme which is aimed to help consumers negotiate better tariffs on gas and electricity bills. This campaign was proposed by consumer group Which? and aims to sign up as many households as possible and then attempt to negotiate cheaper energy tariffs from major suppliers on their behalf.
read more... 04/04/2012
Bulgaria gives green light to South Stream project
Following a meeting on 30 March between the head of the Russian energy giant Gazprom, Alexey Miller and Bulgaria’s newly appointed Minister of Energy and Economy Delian Dobrev, it was announced that the final investment decision on the construction of the South Stream pipeline, aimed at ensuring direct supplies of natural gas from the producer to the consumer, will be taken by 15 November.
read more... 04/04/2012
Indian government to end tax break for wind installations
The Indian government has decided to finally end the tax break given to wind power projects, move that could discourage new energy investment on world’s third-largest market for turbine producers.
read more... 04/04/2012
Daily – Crude oil settles higher on North Sea delays
Crude oil futures increased for the second day in line on Monday as delays for North Sea crude oil cargoes sustained rising worries over global supply disruptions and upbeat U.S. manufacturing data encouraged buyers.
read more... 03/04/2012
ExxonMobil, ConocoPhillips, BP to develop a large-scale LNG project in Alaska
The oil majors, ExxonMobil, ConocoPhillips, BP and TransCanada have agreed on a plan to focus on a large-scale liquefied natural gas project at the Point Thomson gas fields in Alaska, US by May 2016.
read more... 03/04/2012