Latest news
GT ENERGY to build the UK’s largest geothermal heating project
The developer GT Energy has unveiled its plans to build the largest geothermal heating project in UK. The project will tap into the Cheshire Basin, which holds the largest geothermal resources in UK, located beneath Manchester. The 10 MW plant using two 3,000m wells drilled in the city’s Ardwick district will provide heating needs to approximately 7 million homes. Moreover, the project will help creating new jobs in the region and sustaining the expansion of a low carbon economic zone.
read more... 30/07/2012
Centrica to invest £1.4billion in UK gas project
Centrica announced it will continue investing £1.4 billion in the Cygnus gas project, one of the North Sea’s biggest discoveries. The company said it would spend the money on its Cygnus gas field in -partnership with GDF Suez of France, creating up to 4,000 new jobs, and adding £ 600 million in tax revenues for the public purse.
read more... 27/07/2012
South Stream pipeline project to start in December
Russian President Vladimir Putin has met Italy’s Prime Minister Mario Monti on Monday to talk about the South Stream pipeline project. Following the meeting, the President Putin told reporters that the project is still important for most of the European countries and many gas customers.
read more... 25/07/2012
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
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