Scottish Power, possessed by Spain's Iberdrola, and Egdon Resources have agreed to continue with a joint project to discover and increase shale gas in Britain, after seismic information showed the potential for reserves.
read more... 08/12/2014
Brent crude contract for January delivery plunged in afternoon trade on Friday as the market struggled with the supply glut due to the U.S. shale boom and the recent decision by the OPEC not to curb production. It declined 67 cents to settle at $70 a barrel. U.S. oil ended at a 5-year low on Friday as strong U.S. employment figures increased slightly the bearish oil market a day after Saudi Arabia slashed official selling prices. U.S. crude futures eased 97 cents to settle at $65.84 per barrel, its lowest level since July 29, 2009.
read more... 08/12/2014
Germany's new, lower objectives for CO2 emissions will further reduce demand for carbon permits and destabilize Europe's already dysfunctional emission trading system, as stated by the EU's new energy official to a German newspaper.
read more... 08/12/2014
British solar power could survive without subsidies by the end of the decade, according to a report published by Berlin-based think tank Thema1 and supported by a coalition of European companies.
read more... 05/12/2014
Crude oil settled lower on Thursday as the debate over pricing was prolonged after Saudi Arabia unveiled considerable price discounts for oil it sells to Asian and U.S. buyers. North Sea Brent declined 28 cents to settle down at $69.64 a barrel, after trading in a range of nearly $2. U.S. crude dropped 57 cents to close at $66.81, having slipped to $66.09 earlier.
read more... 05/12/2014