Latest news
Russia to increase its oil and gas production
Deputy Energy Minister, Kirill Molodtsov, declared that Russia is likely to increase its oil production by 0.3% to 525 million tons in 2014, about 10.54 million barrels per day, which could be the highest level Russia has attained since the collapse of the Soviet Union. The significant growth was attributed to changes in tax law, which has stimulated development of new fields and hard-to-recover reserves.
read more... 14/02/2014
EBRD is financing a new wind farm project in Poland
The European Bank for Reconstruction and Development (EBRD) is financing the construction and operation of phase 1 of a new wind farm project in Orla, eastern Poland. The EBRD supports the 37.5MW wind farm project with an investment loan of up to 22 million euros.
read more... 12/02/2014
CCS technology could help Britain to meet its carbon emission reduction target
A new report from the Trades Union Congress (TUC) indicates that a rapid development of carbon capture and storage (CCS) could help Britain to become self-sufficient again in terms of energy.
read more... 05/02/2014
Daily: British gas prices near winter lows amid weak demand, ample supplies
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
UK registered a 44% increase in its oil fields in the North Sea
According to a new report by Deloitte's Petroleum Services Group (PSG) the number of fields which started producing oil and gas in the UK, last year hit its highest level in five years, as a number of operators have done more attention on development activity.
read more... 29/01/2014