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Spain: The parliament passes the law that could legalize fracking
Spain is one of Europe’s most energy-poor nations, importing about 99 percent of its oil and gas requirements. According to some estimates, Spain has large reserves of shale gas, and if technically recoverable, these reserves could revitalize the Spanish economy at a time of huge economic insecurity.
read more... 29/11/2013
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013
Poland to adopt a new shale gas regulation by the end of the year
Poland’s environment ministry is ready to draft new regulation for the exploration and extraction of shale gas and send it to the government for approval before the end of the year, declared Poland's Minister of the Environment Maciej Grabowski.
read more... 27/11/2013
Daily: British prompt gas prices firm as Belgium halt tightens supply
Brent futures traded near $111 a barrel on Tuesday as supply concerns intensified again, with investors assessing the milestone deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
read more... 27/11/2013
UK: The Big Six energy firms increased their profits five fold
According to informations from Ofgem, UK’s energy regulator, the Big Six energy suppliers saw their profit margins in the supply of gas and electricity increase to 4.3% in 2012, in comparison to 2.8% a year before. The big six operators made £53 profit per household customer last year, compared to £30 in 2011.
read more... 26/11/2013