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Daily: European power forwards hit new lows
Brent and U.S. crude oil futures climbed on Monday as gasoline futures rallied while the storm-ravaged East Coast continued to grapple with the aftermath of Hurricane Sandy. Brent December crude jumped $2.05, or 1.94 percent, to settle at $107.73 a barrel, having traded from $104.76 to $108.18, while U.S. December crude climbed 79 cents, or 0.93 percent, to settle at $85.65 a barrel, after declining to $84.34, hitting $85.88 in post-settlement trading.
read more... 06/11/2012
China to offer subsidies for shale gas development
China is considering new policies to stimulate the development of the domestic shale gas industry which include the allocation of a financial incentive for operators interested in the exploration of shale gas fields, according to an official at the Ministry of Land and Resources.
read more... 06/11/2012
Italy plans to increase its crude oil production by 150%
The Italian government plans to boost the oil and gas industry, as part of its first national energy plan in more than 20 years and one of the major parts of this plan is development of the Tempa Rosa oil field in southern Italy.
read more... 06/11/2012
Onshore wind farms cost declines by 38 per cent in four years
The cost of operating and maintaining wind farms has plummeted 38 per cent over four years, according to new reports released by the wind industry and government, meaning that the cost is declining by about 11% a year, quickly approaching the cost of running conventional natural gas and coal-fired power plants.
read more... 05/11/2012
Poland to choose between nuclear power and gas
Poland is going to scrap its nuclear programme in favor of shale gas as a less risky investment option, according to the head of Polish state-owned utility PGE.
read more... 05/11/2012