Northwestern England could hold enough gas to power UK for about 60 years, according to a report released by British gas producer iGas PLC.
read more... 05/06/2013
Currently the UK has 16 reactors generating on average about 19% of its electricity and all but one of these will be retired by 2023. The exception is Sizewell B, the UK’s only pressurized water reactor (PWR), which began operations in 1995. The country has a number of reactors which are currently reaching the end of their working life, and it is now unclear how they will be replaced.
read more... 29/05/2013
The UK government will reject the EU’s attempts to set a new renewable energy target within the EU perimeter, considering it as “inflexible and unnecessary”.
read more... 28/05/2013
At the end of March this year the reserves of natural gas detained in storage were at one of their lowest level, due to an unusually cold winter and intensified problems at a processing plant in Norway with flows of gas supplies to Britain via the Langeled pipeline which fell significantly, along with other supplies from Belgium, being just six hours away from finishing its gas supplies.
read more... 27/05/2013
Brent crude oil prices dropped deeper on Friday, as traders exited short positions ahead of a long holiday weekend in the Unites States, registering the largest weekly percentage decline in more than a month.
read more... 27/05/2013