Latest news
Daily: British prompt gas prices decline on higher temperature forecasts
Crude oil settled higher on Friday, reversing two days of losses, as traders purchased contracts to cover short positions ahead of the weekend and reports of production issues at a major oil field in the UK kept supply concerns.
read more... 13/01/2014
UK’s coal-fired power plants to come off the grid in less than 10 years
Energy supplier RWE npower has announced it intends to avoid costly retrofits required by European Union pollution laws on seven of its power plants in UK, meaning they will close by the end of 2023 at the latest. The EU Industrial Emissions Directive (IED) should come into effect in 2016, imposing limits on emissions of climate-harming gases.
read more... 10/01/2014
Daily: Crude oil prices drop on both sides of Atlantic on ballooning stocks for heating oil
Crude oil futures on both sides of Atlantic dropped over $1 on Thursday, dragged down by high stocks of heating fuels.
read more... 10/01/2014
British offshore wind sector is fading on subsidies, steep costs
Britain has the most flourishing offshore wind energy sector in the world, but the sector is on the way to reach a turning point as companies scrap or scale back huge offshore wind farm projects amid sharp costs, estimated at several billion pounds for each project.
read more... 10/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014