Latest news
UK set to be the second on offshore oil and gas projects by 2025
The UK is likely to be the second on offshore oil and gas projects by 2025, according to a report by GlobalData, which declared that a total of 29 new developments are projected to begin operating by the same period.
read more... 09/08/2016
Total signs long-term LNG supply agreement with Japanese company
A French multinational oil and gas firm, Total, inked a deal with a Japanese energy company Chugoku Electric for liquefied natural gas (LNG) supply for 17 years starting from 2019, according to the declaration of the French company on Friday.
read more... 25/07/2016
Daily: British prompt gas prices edge higher on weaker output from wind farms
Crude oil prices tumbled 2 percent on Thursday on U.S. government data showing growing stockpiles of gasoline and other oil products, driving total petroleum supplies in the U.S. to record highs. Brent crude lost 97 cents, or 2.1 percent, to settle at $46.20 a barrel. U.S. West Texas Intermediate (WTI) crude closed down $1, or 2.2 percent, to arrive at $44.75.
read more... 22/07/2016
China’s fossil fuel consumption will drop in 2050: CNPC
China’s renewable energy consumption will raise in 2050 since country is to consume less fossil fuel, as stated in a report by China National Petroleum Corporation. China’s total energy consumption will hit its peak of 3,750 million tons of oil equivalent (mtoe) around 2035, according to the China National Petroleum Corporation’s (CNPC) latest report.
read more... 18/07/2016
DECC unveils a shocking cost for Hinkley Point C nuclear project-£37bn
The total lifetime cost of the proposed Hinkley Point C nuclear power plant may rise at £37bn according to an assessment published by the UK government.
read more... 08/07/2016