Latest news
The nuclear energy problem of Japan
Since the Fukushima catastrophe in April 2011, nearly all of the country’s nuclear plants closed, leaving a significant capacity gap which has had to be filled with more coal, oil and gas which provoked substantial costs in both economic and environmental terms, as the price of power increased due to a sharp turn toward the use of fossil fuels.
read more... 16/08/2013
Daily: UK gas prices increase on field outages
Crude oil prices on both sides of the Atlantic increased on Thursday on increasing violence in Egypt which could hit the Suez Canal or spread across the Middle East. Front-month September Brent, which expired on Thursday, settled 91 cents higher at $111.11 a barrel, after earlier increasing over a dollar to $111.53, its highest level since April 2. The more actively traded October contract rose 78 cents to $109.60. Meanwhile, U.S. oil rose 48 cents to settle at $107.33.
read more... 16/08/2013
E.ON gas discovery in the North Sea bigger than expected
E.ON has reported in a news release that its discovery in the UK North Sea could be larger than expected, being one of the major gas discoveries made in this part of North Sea in the last years. The Tolmount gas well is situated near existing gas infrastructure in the UK North Sea and was discovered in the second half of 2011.
read more... 14/08/2013
British PM David Cameron supports shale fracking in UK
UK Prime Minister, David Cameron, calls the British nation to back the controversial practice of fracking, asserting that it will deliver lower energy bills and create jobs without damaging the environment and that it will be vital to find sources of cheap energy for Britain.
read more... 14/08/2013
UK needs shale gas more than ever
Recent projections made by the government foresee that natural gas demand is estimated to amount to 78.8 billion cubic meters by 2030, with the country’s reliance on imported gas is set to reach 70-75% by that period.
read more... 13/08/2013