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.
LONDON, April 2 (Reuters) – Shale gas production in Britain
could begin within four years if the current crisis in Ukraine
escalates to such an extent that a national state of emergency
is declared, the chief executive of Cuadrilla Resources said.
Britain is in the early stages of exploring for shale gas to
counter its growing dependence on imports, and geologists have
estimated it could have shale resources equivalent to several
hundred years of demand.
LONDON, March 13 (Reuters) – The European Union has reached
a deal on mackerel fishing rights in the northeast Atlantic with
the Faroe Islands and Norway, ending a dispute that led the EU
to ban imports from the Faroe Islands last year, the EU
The agreement was brokered in London and will run until
2018. It established a commitment on sustainable fisheries and a
commitment to launch a new long-term management plan for
mackerel fishing this year.