Latest news
The Russian oil giant Lukoil to turn into an international energy company
Russia’s oil giant Lukoil has great plans for the future, as it plans to change its status, turning from a West Siberia-focused oil producer into an international energy company with asset bases from South America to the Middle East to Southeast Asia.
read more... 17/10/2012
Significant Irish wind project will supply with power the UK
The UK government is taking into consideration strategies to import wind power from Ireland to the National Grid via cables under the Irish Sea to north and west Wales. The cables would re-emerge at two sites in Wales with one of them at Pentir near Caernarfon, and the other one at Pembroke.
read more... 16/10/2012
The UK may face power blackouts in the next three years
The UK energy regulator has warned that millions of British families are at risk of power blackouts within three years due to ageing coal and oil-fired power stations closure, which have been replaced with wind farms, but they are less reliable and can generate electricity only in the right weather conditions.
read more... 11/10/2012
Daily: UK spot gas prices climb on unstable Norwegian flows
Brent crude futures climbed towards $113 a barrel on Tuesday after two days of losses following supply concerns fed by intensifying tensions in the Middle East which weighed over a pessimistic outlook for global demand.
read more... 09/10/2012
BP unveils the start-up of Devenick gas project in UK
The energy major British Petroleum (BP) unveiled the successful start-up of a natural gas project in the North Sea which will be able to provide enough gas to meet the needs of about 500, 000 homes per year.
read more... 09/10/2012