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Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015
Eni finds about 15 billion cubic meters of gas in Egypt
Italy's Eni has found gas reserves of approximately 15 billion cubic metres in Egypt's Nile Delta region, with production ready to begin in two months, as stated by the Egyptian oil ministry on Monday.
read more... 21/07/2015
Statoil will launch world’s first subsea gas compressor in September
Norway's Statoil intends to commission in September the world's first subsea gas compression facility, a technology that could prove essential for oil companies since they aim to move offshore equipment to the seabed, away from ice and storms.
read more... 21/07/2015
Poland reduces PGNiG’s gas prices for companies by about 5.1%
Poland's energy market regulator URE declared on Friday it has decided to reduce leading gas distributor PGNiG's tariffs of high-methane gas for commercial end consumers by 5.1 percent and for wholesale users by 4.7 percent.
read more... 20/07/2015
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