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UK wishes to revive gas extraction in oldest region of North Sea oil basin

UK's Oil and Gas Authority (OGA) published on Thursday an eight-step program for oil companies with phases to follow to discover the southern North Sea gas deposits difficult cu reach, where drilling for fossil fuels began over 50 years ago.

read more... 23/06/2017

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Daily (23.06.2017): Oil prices jumped by around 1% on Thursday after a volatile week

Oil edged up on Thursday, as U.S. crude inventories fell surpassing analyst expectations, according to data released by EIA on Wednesday. But oversupply persisted, particularly with rising oil production in Libya and Nigeria.

read more... 23/06/2017

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Swiss hydropower utilities might benefit from 38% water fee reduction

The Swiss government proposed on Thursday to reduce the maximum fee that hydropower utilities pay for water use to mountainous cantons by almost 38%. For a transition period from 2020 to 2022, 80 utilities will pay for water use only 80 Swiss francs ($82.32) per gross kilowatt usage from existing 110 francs.

read more... 23/06/2017

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Norway: Gjoea field will remain shut until the source of gas leak is found

Norway’s Gjoea oil and gas field will stay closed until the source of gas leak the obliged operator Engie to stop production on Wednesday has been found, according to the French company.

read more... 22/06/2017

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Vattenfall will enter UK household energy market

Vattenfall might enter the UK domestic energy market as it acquires a Bournemouth-based supplier. iSupplyEnergy provides gas and electricity to over 120,000 users and employs 170 people.

read more... 22/06/2017

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