Latest news
Cuadrilla delays plans of fracking to 2014
UK shale gas explorer Cuadrilla Resources has announced on Wednesday it was delaying its plans to begin hydraulic fracturing at its Bowland shale project in Lancashire, one of its three drilling sites, to 2014, while it accomplish an environmental impact assessment for the site of each exploration well.
read more... 14/03/2013
Daily: UK gas remains high on extreme cold weather in Europe
Brent crude oil futures slipped on Tuesday after having fluctuated alongside euro and dollar and as OPEC has cut its forecast for U.S. and euro zone economic growth also added some pressure. Meanwhile, Brent for April delivery shed 57 cents, or 0.52 percent, to settle at $109.65 a barrel, having traded from $109.30 to $111.20.
read more... 13/03/2013
Details on Spain’s energy reform
Spain's latest energy reform, which reverses years of policy to promote renewable power, threatens to reinforce its dependence on coal and costly gas and to bankrupt renewable firms that have built a competitive edge over a decade.
read more... 13/03/2013
Spain’s shale gas reserves
Spain is the fifth largest energy consumer in Europe and has practically no domestic production of liquid fuels or natural gas. It has made significant progress in diversifying into renewable energy but, this only accounts for about 9% of its gross inland consumption. A quarter of consumption is fuelled by natural gas and half by petroleum, both of which Spain has to import.
read more... 12/03/2013
Daily: European spot power higher on colder weather forecast
Brent crude oil futures dropped in choppy trading on Friday, dragged down by a stronger dollar, while increasing U.S. gasoline futures helped to cap losses. Meanwhile, Brent April crude dropped 30 cents, or 0.27 percent, to settle at $110.85 a barrel, having traded from $109.14 to $111.33, though posting a weekly gain of 40 cents or 0.4 percent.
read more... 11/03/2013