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UK coal consumption increased 32.5% in 2012
According to the latest statistics released by the Department of Energy and Climate Change, consumption of coal in UK increased by 32.5% in 2012, reaching its highest level since 1996, while gas output fell by 33.8%, its lowest level since the same year. Coal power surpassed gas, becoming the biggest single source of UK electricity in 2012.
read more... 01/03/2013
UK: Shale gas will not cut the cost of gas
According to a new study realized by Bloomberg New Energy Finance, the exploitation of the UK’s shale gas resources is unlikely to result in low natural gas prices, as the cost of shale gas extraction in the UK could be considerably higher than in the United States, where the development of shale gas resources has resulted in a substantial reduction of prices.
read more... 28/02/2013
Daily: UK gas prices tumble amid firmer supply
Brent crude oil futures for April delivery dropped 84 cents to settle at $111.87 a barrel, while U.S. crude oil futures for April delivery increased by 13 cents to settle at $92.76 on Wednesday as investors worried that Federal Reserve's stimulus program will be maintained against the sixth consecutive weekly increase in U.S. crude oil inventories. The Brent contract traded between $111.65 and $113.35, while U.S. crude contracts traded between $92.18 and $93.37 during the session.
read more... 28/02/2013
Daily: UK gas prices climb on colder weather, undersupplied system
Brent crude oil futures increased on Monday, backed by data indicating a high demand for imported crude in China in January, but uncertainty about Italy’s election capped oil from its early peak. Meanwhile, Brent April crude climbed 34 cents, or 0.30 percent, to settle at $114.44 a barrel, having traded from $113.73 and $115.87.
read more... 26/02/2013
Investment in the UK oil and gas at 30 year high
A new report suggests oil and gas investment rose to £11.4 billion in 2012 and is expected to rise even further to at least £13 billion this year. An industry body claimed that investment in the UK sector of the North Sea in 2013 will be the highest seen for more than 30 years.
read more... 26/02/2013