Latest news
Shell and Exxon Mobil to develop a huge North Sea field
The two oil giants, including Shell and Exxon Mobil, have received the final approval from the Department of Energy and Climate Change (DECC) for the development of a huge project in the North Sea, involving the development of Fram oil and gas field, 136 miles east of Aberdeen, which was described as one of the most significant central North Sea developments for more than a decade and among the largest planned for UK waters.
read more... 23/10/2012
Daily: UK gas prices up on tight supplies
Brent crude futures declined on Thursday on the expected restart of a North Sea oilfield in weekend and pessimistic data on U.S. jobless claims.
read more... 19/10/2012
Daily: UK gas prices increase across the board on colder weather forecast
Brent crude prices declined on Wednesday as an increase in U.S. crude oil and gasoline inventories continued to slow down the economic growth, while a weaker dollar and concerns about supply disruptions capped losses.
read more... 18/10/2012
Queen Elizabeth’s Crown Estate makes some important steps towards supporting renewable energy in UK
The Crown Estate, which handles one of the largest property and marine portfolios in the UK, has recently released the conclusion of a report that it had undertaken into the potential capacity of marine energy that is obtainable in the UK. The findings estimate that as much as 118GW could be exploited from tidal power.
read more... 18/10/2012
UK could resume the shale gas fracking practice within weeks
The UK government is taking measures to give the green light for shale gas fracking practice to resume in weeks to come. The activity was partially suspended last year due to environmental concerns about the fracking technology used to exploit it.
read more... 18/10/2012