Latest news
Successful shale test for San Leon in Poland
European oil and gas company San Leon Energy Plc, has reached a crucial milestone on the way to commencing commercial production of shale gas for the first time in Europe, reporting a sustained gas production rate of 45,000–60,000 standard cubic feet per day. Natural gas flowed from its Lewino well in a shale formation in the Baltic Basin in northern Poland.
read more... 28/01/2014
Top 5 largest offshore wind farms in the world
Total offshore wind capacity in Europe stands now at 6,040 MW in 58 wind farms across 10 countries, up from 4,336 MW in June 2012. However, UK remains the world leader in terms of offshore wind capacity.
read more... 28/01/2014
Daily: Europe spot power prices increase on higher consumption, colder weather
Brent oil futures dropped towards $107 a barrel on Monday as investors threw away risky assets over worries about slowing emerging market economies, but U.S. crude held up following a cold snap. Meanwhile, Brent crude dropped 55 cents to $107.33 a barrel by 14:54 GMT. But U.S. oil climbed 26 cents to $96.90.
read more... 28/01/2014
UK: new round of oil licences in the North Sea
The 28th UK licencing round was opened currently and North Sea firms would have the possibility to claim new territory in the region. The British economy has historically relied heavily on oil and gas profits from fields in the North Sea.
read more... 27/01/2014
IEA encourages Europe to increase shale gas output
The International Energy Agency (IEA) is encouraging Europe to boost its shale gas output, being concerned about high prices of European gas, suggesting Brussels to minimize the activity of energy-intensive industries such as cement and steel, while trimming the subsidies for green energy.
read more... 27/01/2014