Latest news
DECC: Investment in UK green energy sector reached almost £8bn in 2013
The investment in renewables in the UK hit record levels and is easily exceeding investment in shale gas and other forms of fossil fuels, according to a new report released by the Department of Energy and Climate Change (DECC).
read more... 18/07/2014
China is eyeing the construction of a floating liquefied natural gas vessel in South China Sea
China’s energy conglomerate CNOOC is considering the possibility of erecting a floating liquefied natural gas (FLNG) vessel, a revolutionary technology that will be able to produce gas from the deep waters of the South China Sea.
read more... 17/07/2014
Daily: British wholesale gas plunges for the second day on supply glut
U.S. crude oil recovered more than $1 on Wednesday, rebounding from recent straight falls after government data showed the country's crude inventories dipped considerably previous week. U.S. crude for August delivery rose by $1.24 to close at $101.20 a barrel, the highest level since July 10. The European benchmark, Brent contract for August delivery, which expired on Wednesday, fell 17 cents to settle at $105.85 a barrel. Brent price for September delivery augmented 29 cents ending at $107.17.
read more... 17/07/2014
Tougher sanctions: Oil giant Rosneft receives a major blow from U.S.
The U.S. has unveiled a new row of sanctions on Russia concerning the troubles in the Ukraine, this time hitting the Russian oil giant Rosneft, its second major gas producer Novatek and its third largest bank Gazprombank. These are the most austere U.S. sanction yet imposed on Russia.
read more... 17/07/2014
Gazprom and Iran to set a joint committee in gas sector
Iran and Russia, two of the world’s largest holders of natural gas, have decided to boost cooperation in the sector.
read more... 16/07/2014