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 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
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
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
Irish company BNRG Renewables has announced that in September it will start the construction of the biggest solar farm in the UK after securing a 25-year planning permission for a site outside London.
read more... 12/08/2013