Latest news
China revises down its shale gas output estimates by 2020
China has slashed in half the quantity of shale gas it forecasted to produce by 2020, as the exploration to tap the unconventional fuel proved challenging, according to China's National Energy Administration.
read more... 07/08/2014
Daily: UK gas prices increase on concerns about conflict intensification in Ukraine
Crude oil prices declined on Wednesday on ample supplies in the United States which dragged the U.S. contract to the lowest settlement in six months, while Brent prices plunged near nine-month lows. U.S. crude for September delivery dropped 46 cents to close at $96.92 a barrel, its weakest close since February 3. Brent crude oil fell by 2 cents settle at $104.59 a barrel, its lowest close since November 7.
read more... 07/08/2014
Scotland: Shale gas reserves may supply 30 years of UK gas
Scotland, heading for a September independence referendum, might possess sufficient shale gas resources to satisfy UK gas necessities for over 30 years, according to a geological report publicized by the British government on Monday.
read more... 06/08/2014
Turkey says “no” to Israeli gas amid Gaza conflict
Turkey’s Minister of Energy and Natural Resources, Taner Yildiz, speaking at a press conference in Ankara on Monday said that natural gas exports from Israel’s Leviathan reservoir to Turkey will be banned as long as the Israel-Gaza conflict continues.
read more... 06/08/2014
France unveils its long-awaited energy transition law
The French long-awaited green energy bill was unveiled last week, being approved by the cabinet. France will mobilise about 10 billion euros ($13.41 billion) for a package of tax breaks, low-cost loans and bonuses to spur investment in renewable energy and curb the country’s oil and gas bill, according to declarations made by Energy Minister Ségolène Royal.
read more... 04/08/2014