Latest news
China unveils a mega coal gasification project
China unveiled a mega coal gasification project which will be able to turn coal into natural gas as part of a strategy to increase energy efficiency and curb reliance on oil and gas imports.
read more... 10/10/2013
Coal is still the dominant fuel in Germany’s energy mix
According to a study made by German Fraunhofer Institute, electricity generated from Germany's coal-fired power plants contributed more than 50% to the nation's electricity demand as production from natural gas and wind dropped significantly. Germany's coal-fired power stations registered a 5.4% increase in production in the first three quarters of this year, rising to 189.4 terawatt hours (TWh).
read more... 10/10/2013
Chevron abandons the exploration of shale gas in Lithuania
U.S. oil and energy giant Chevron has announced it has decided to abandon the tender to explore shale gas in Lithuania because of the unfinished legislative base for hydrocarbon exploration in Lithuania.
read more... 09/10/2013
Daily: British gas drops by 4 pct on oversupplied market
Crude oil prices on both sides of the Atlantic rose on Tuesday as geopolitical risk returned into the markets, even as the dollar index turned positive after a mid-morning phone call between U.S. President Barack Obama and U.S. House Speaker John Boehner over the budget crisis. Meanwhile, Brent increased by 48 cents to settle at $110.16 a barrel, after earlier recording gains of over $1. U.S. oil traded 46 cents higher to $103.49, after earlier gaining over $1.
read more... 09/10/2013
Chevron to sign a shale gas agreement with Ukraine
Ukraine has inked a draft production agreement for shale natural gas with US energy company Chevron.
read more... 08/10/2013