Latest news
Norway: wind farm to be built off Britain by Statoil and Statkraft
Norway's Statoil and Statkraft will construct the Dudgeon offshore wind farm off the coast of Norfolk in Britain, according to Statoil on Tuesday. It is estimated that the cost will be around 1.5 billion pounds ($2.57 billion).
read more... 02/07/2014
Daily: Brent crude insignificantly changed amid choppy trading on eased supply concerns
Brent crude oil suffered little changes in agitating trading on Friday as investors moved to square positions after one of the international benchmark’s largest weekly declines in 2014 due to attenuated worries about exports from war-hit Iraq.
read more... 30/06/2014
Daily: UK winter gas plunges to the lowest level since October 2011
The European and U.S. crude oil benchmarks dropped on Thursday as worries about exports disruptions from war-devastated Iraq attenuated, allowing market participants to take some profits. Brent crude declined 79 cents to close at $113.21, its weakest settlement since June 16. U.S. crude fell 66 cents to end at $105.84, the lowest settlement since June 11.
read more... 27/06/2014
Daily: European coal slumps on low demand, warmer temperatures
Brent crude declined on Wednesday as concerns about supply disruptions from Iraq eased, while WTI crude oil climbed on news that the U.S. federal officials approved exports of condensate, an ultra-light oil.
read more... 26/06/2014
Number of fracking patents globally reached record high in 2013
The number of patents put in place for new shale extraction technology hit a record high in 2013 since oil and gas firms fought for managing intellectual property in the emergent industry, as shown by a research.
read more... 25/06/2014