Latest news
UK gives the green light for two major offshore wind farms
The UK government approved plans for two major wind farms off the Norfolk coast which will boost the country’s capacity above 6.6 GW.
read more... 10/07/2012
Daily: Nordic power declines on rainy weather
Brent crude increased to $99 a barrel on Monday after the failure of the second round of talks with Norwegian offshore oil and gas sector workers, intensifying worries of a total output shutdown, while expectations that China would ease monetary policy and improve fuel demand offset oil prices.
read more... 09/07/2012
Norway’s oil strike
About 700 Norwegian offshore oil and gas sector workers were to continue their strike, after a second round of talks with employers failed last Wednesday. The strike has shut down five oil and gas fields on the Norwegian continental shelf and has already cut Norway's oil production by around 13 percent and gas output by 4 percent.
read more... 09/07/2012
Gazprom strikes a deal with Israel to develop gas reserves
During a meeting between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu on Monday, the Russian gas giant, Gazprom agreed to open a subsidiary in Israel that will help to develop large offshore gas reserves.
read more... 27/06/2012
Daily: Brent up $91 on US storm fears
Brent crude oil traded up above $91/bbl on Monday on support for a weaker output following a threat of a storm which halted nearly a quarter of US offshore crude and gas production and as the main euro zone leaders backed a $156 billion plan to revive growth in the debt-hit region, move that supported prices.
read more... 25/06/2012