Latest news
Scottish Power to soar energy bills from August
Scottish Power has recently announced increases for domestic electricity prices and gas, following the second rise in wholesale energy costs since November 2010, with gas bills going up by 2% and electricity by almost 9 %.
read more... 08/06/2011
UK is considering incentives for gas production
UK is planning to encourage offshore gas exploration and production by introducing incentives following taxes increase on North Sea energy companies, imposed by the British Chancellor George Osborne.
read more... 08/06/2011
Statoil sold 24.1 percent of its gas pipeline stake
The Norwegian state energy giant, Statoil said on Monday that it will sell a 24.1 percent stake in the world's largest offshore gas pipeline network to an investment group including German insurer Allianz and the Abu Dhabi Investment Authority for 17.35 billion crowns ($3.25 billion).
read more... 07/06/2011
World’s largest wind farm to be completed in UK
Reef Subsea AS, an international cost-effective company providing subsea services for developers of oil & gas and renewable projects, announced it has signed a contract for completion of an offshore wind farm set in the Suffolk coast of the UK, Greater Gabbard, that will become the world’s largest offshore wind farm.
read more... 03/06/2011
Russian government to keep gas tax for independent producers
The Russian government decided to keep the mineral extraction tax on the independent gas producers unchanged in 2012, Finance Minister Alexei Kudrin said on Wednesday. According to him, the increase of the mineral extraction tax will affect the gas monopoly, Gazprom.
read more... 03/06/2011