Latest news
Poland will not apply taxes on shale gas production by 2020
After several foreign companies, as Exxon Mobil, Canada’s Talisman Energy and US oil firm Marathon, quit the Polish market in the past few months, the finance minister, Jacek Rostowski, has announced that Poland will not tax shale gas production until 2020 and will improve regulation, in a move which aims to attract energy explorers.
read more... 02/08/2013
British Gas to offer “free electricity” on Saturdays to its customers
Energy firm British Gas is considering offering customers “free electricity” on Saturdays, encouraging in such a way more power use at weekends when industrial energy demand is much lower.
read more... 02/08/2013
China has started importing gas from Myanmar
The China-Myanmar pipeline has started delivering natural gas to China, aiming to reduce the country’s reliance on shipping through the Strait of Malacca and will help to diversify its energy imports.
read more... 01/08/2013
EDF is turning the page of nuclear in the United States
French energy group EDF, which is a leading energy player and the largest operator of nuclear plants in the world, announced is abandoning nuclear energy in the United States, citing the impact of cheaper shale gas that transformed the market.
read more... 31/07/2013
Daily: British gas prices hit 3-week high on summer reduced supply
Crude oil prices increased in quiet trade on Thursday, pushed up by a slightly weaker dollar, while gasoline futures decreased nearly 4 cents per gallon, being hit by a fast dip in the cost of ethanol credits. Meanwhile, Brent crude traded 46 cents up to settle at $107.65 a barrel, off lows of $106.40 a barrel. U.S. crude boosted 10 cents to settle at $105.49 a barrel. The European benchmark's premium to West Texas Intermediate was wider than last week, keeping around $2.23.
read more... 26/07/2013