Latest news
UK government sets out new rules for shale gas fracking in protected areas
The UK government has unveiled areas to be excluded from underground fracking activities, while a DECC’S new draft regulations has identified certain areas including national parks, areas of outstanding national beauty, the broads and world heritage sites, where hydraulic fracking will be permitted only below 1,200m, to preserve groundwater. Drinking water is not normally found below 400m.
read more... 20/07/2015
Daily: Crude oil prices diverge, but both contracts register third weekly loss
Brent crude boosted and WTI futures declined on Friday in choppy trading as higher imports outlook from Iran slashed prices and dragged down by contracts to their third consecutive weekly losses. Brent crude for September delivery rose by 18 cents to close at $57.10 a barrel, off nearly 3 percent for the week and more than 10 percent for the month. Brent's August contract expired on Thursday. U.S. crude for August delivery dropped by only 2 cents to settle at $50.89, down more than 3 percent this week and more than 14 percent in July. The August contract expires on July 21.
read more... 20/07/2015
Israel inks agreement for $1.1 billion thermo-solar power plant
Israel inked an agreement to construct a 4 billion shekel ($1.05 billion) thermo-solar power plant in the country's south, intended at increasing electricity production from green energy sources, as stated by the Finance Ministry on Sunday.
read more... 20/07/2015
Polish miner KW affected by crisis needs investors by end-August
Kompania Weglowa (KW), the European Union's largest coal miner which is on the edge of insolvency, has to find investors by the end of August, as stated by its chief executive on Thursday.
read more... 17/07/2015
Ukraine to receive a $300 mln loan from EBRD to secure its gas supply
The European Bank for Reconstruction and Development is considering the provision of trade finance loan of up to $300 million to Ukrainian state energy firm Naftogaz to purchase gas on the European market.
read more... 17/07/2015