Latest news
UK Government will not subsidize new gas storage facilities
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 11/10/2013
UK Government will not subsidize new gas storage facilities
Energy Minister Michael Fallon has announced that the UK Government has rejected calls to subsidize new gas storage facilities, saying it would be too costly for bill payers. Ministers added that the UK gas market is functioning well in attracting gas from various sources in order to meet current and future demand and said that its decision will save bill payers more than 750 million pounds in the next 10 years.
read more... 05/09/2013
Poland obtained its first gas from fracking
Lane Energy Poland, an exploratory subsidiary of ConocoPhillips, is now extracting some 8,000 cubic metres of shale gas per day at a test well in the northern city of Lebork in Poland. Currently it pays some of the highest gas rates in all of Europe.
read more... 30/08/2013
E.ON gas discovery in the North Sea bigger than expected
E.ON has reported in a news release that its discovery in the UK North Sea could be larger than expected, being one of the major gas discoveries made in this part of North Sea in the last years. The Tolmount gas well is situated near existing gas infrastructure in the UK North Sea and was discovered in the second half of 2011.
read more... 14/08/2013
New gas discovery in Italy’s PO Valley
Sound Oil plc, an independent oil and gas company, which activates mainly in Indonesia and Italy, has announced a new gas discovery at Nervesa well, in Italy’s Po Valley. A further announcement on total estimated quantities at the site will be made in the coming months, with possible production envisaged for 2015.
read more... 25/07/2013