LONDON, June 10 (Reuters) – Smaller oil explorers willing to
take financial and operational risks will lead the development
of East Africa’s oil and gas industry as majors ditch riskier
projects as margins fall, executives from several oil and gas
firms said on Tuesday.
The region has emerged as a significant prospect for the
export of liquefied natural gas (LNG) because of the size of
natural gas discoveries there and its proximity to Asia’s major
LONDON (Reuters) – Britain’s growth in solar capacity could be greater this year than last as firms snap up government subsidies for new large plants before they come to an end, said Foresight Group, a major British asset manager investing in the solar sector.
Last year, Britain installed a record of 1.5 gigawatts of new solar photovotaic (PV) capacity and overtook Italy to become the second-biggest European market after Germany, according to a major industry association.
LONDON, June 3 (Reuters) – A potential shortfall in
investment in production in the Middle East could create a $15
increase in the oil price by 2025, the energy arm of the
Organisation for Economic Cooperation and Development (OECD)
The world will need to invest $40 trillion in energy supply
and $8 trillion on energy efficiency by 2035 to meet growing
demand and falling output from mature sources of energy, the
International Energy Agency (IEA) said in a report
MILAN/LONDON, May 28 (Reuters) – Ukraine’s stored gas
reserves are sufficient to help meet domestic needs well into
the winter months should Russia cut supplies as authorities step
up efforts to rebuild inventories.
To prepare for any potential disruption, Ukraine’s gas
transit monopoly Ukrtransgas is packing 850 million cubic metres
of gas per week into underground storage sites, largely located
in its western territory.
LONDON (Reuters) – British shale gas firm Cuadrilla Resources will submit plans this month to hydraulically fracture up to four exploration wells in Lancashire, northwest England, the firm said on Monday.
Cuadrilla will apply for permission before the end of May from Lancashire County Council to drill, hydraulically fracture and test the flow of gas from up to four exploration wells at its site at Preston New Road.
LONDON, April 25 (Reuters) – People in the European Union,
who according to a United Nations body eat way more protein than
necessary, could prompt big cuts in nitrogen pollution if they
halved their meat and dairy consumption, a U.N.-backed report
said on Friday.
Nitrogen is used in fertiliser to replace nutrients which
are removed by soils during plant growth but excess nitrogen can
harm the environment by polluting water, air and soil.
LONDON, April 15 (Reuters) – Britain is well placed to deal
with the possibility of a Russian cutoff of gas to Europe during
the Ukraine crisis, because it receives most of its imports from
Norway and has significant domestic reserves.
As relations worsen between Kiev and Moscow, European gas
customers fear that Russia could cut off exports to Ukraine,
which is an important transit route for natural gas to the
LONDON, April 15 (Reuters) – Africa and Brazil are more
attractive areas for oil and gas exploration than the Arctic,
where firms will need 15 to 20 years to tap reserves due to the
harsh climate, the chief executive of Norway’s DNV GL said.
DNV GL is one of the world’s largest certification,
inspection, testing and advisory companies for the maritime, oil
and gas and renewable power industries.
LONDON/FRANKFURT, April 4 (Reuters) – European benchmark
power, natural gas and coal prices have dropped to multi-year
lows and gas prices in particular could drop further in coming
months given oversupply and weak demand.
European energy prices have fallen steadily this year as a
result of a mild winter and a supply glut. A warmer-than-average
outlook for the start of spring has put further pressure on
prices this week.
SPEYSIDE (Reuters) – Scotch whisky distillers are burning their unwanted grain byproducts, wood chips and other types of biomass for a source of energy in remote areas of the Highlands, where gas links are scarce and fuel oil is pricey.
The production of Scotch whisky has evolved over more than 500 years and is steeped in tradition. It is also a big business, generating 4 billion pounds ($6 billion) a year in exports – a quarter of all Britain’s food and drink sales abroad.