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Eni to launch natural gas production in western Siberia
The Italian energy giant, Eni alongside a joint venture with Russian companies started the production of hydrocarbons in the Russian Federation, from the Samburskoye field, located western Siberia, as the group aims to increase its influence on one of the largest gas market in the world.
read more... 24/04/2012
UK renewable sector could reach £50bn by 2020
According to a recently released report by the Renewable Energy Association (REA) shows that achieving the UK’s green target of generating 15% of its energy from renewable sources could lead the country on the top of global renewable industries and save £60bn in oil and gas imports and bring £12.5bn and£ 50bn by the end of the decade.
read more... 24/04/2012
US: EPA issues new fracking gas rules
The U.S Environmental Protection Agency (EPA) has released the first-ever national rules to control air pollution from gas wells that are drilled using a method called hydraulic fracking, the practice that revolutionized the domestic gas sector.
read more... 19/04/2012
Would the fall in UK gas prices boost gas-fired power generation ?
The NBP UK season-ahead (winter) gas price has dropped over 5% since the end of March, and the contract failed to find support at key technical markets on its way to its current value. Rising supply confidence and bulging inventories have reassured traders that there will be enough gas to meet demand later in the year, leading to a downward price correction after a period of sharp gains.
read more... 17/04/2012
UK government to give green light to shale gas fracking
The UK government released an report on Tuesday encouraging the extension of the controversial technique of shale gas fracking, nearly one year after it temporarily forbidden this practice which caused two earthquakes in Britain.
read more... 17/04/2012