Latest news
Obama paves the way for East Coast oil and gas exploration
The Obama administration gave the green light o Friday to the Eastern Seaboard to be reopened to offshore oil and gas exploration, a milestone decision in decades.
read more... 23/07/2014
Cost of South Stream gas pipeline section in Serbia rises by 24%
The cost of planned South Stream gas pipeline section in Serbia has soared as much as 24 percent since November 2013, hitting a total amount of EUR 2.1 billion compared with the cost of EUR 1.7 billion estimated by the Russian energy minister Alexander Novak in November 2011.
read more... 22/07/2014
Daily: British prompt gas plunge on ample supply
Crude oil prices rallied on Monday as the West increased pressure on Russia over its involvement in the downing of Malaysia passenger jet last week. Brent crude for September delivery increased by 44 cents to settle at $107.68 a barrel. Prompt U.S. oil for August delivery boosted by $1.46 to close at $104.59 a barrel, as traders rushed to cover positions ahead of Tuesday's expiration. WTI price for September delivery soared 91 cents to settle at $102.86 a barrel.
read more... 22/07/2014
EDF inks 20 year LNG deal with U.S. Cheniere Energy
French energy giant EDF entered into 20-year liquefied natural gas (LNG) sale and purchase deal with Cheniere Energy, Inc. in Texas.
read more... 21/07/2014
DECC: Investment in UK green energy sector reached almost £8bn in 2013
The investment in renewables in the UK hit record levels and is easily exceeding investment in shale gas and other forms of fossil fuels, according to a new report released by the Department of Energy and Climate Change (DECC).
read more... 18/07/2014