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Industry News from Energy Services

  • January 30th, 2015

Impact of Falling Oil Prices on LNG

The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship are generally price-indexed to crude oil, meaning that falling oil prices have led to a comparable drop in LNG prices. ›

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  • January 23rd, 2015

Austria to launch lawsuit over UK nuclear subsidies

Austria is to launch a legal challenge against the European Union’s (EU) decision to allow billions of pounds of subsidies for Hinkley Point C, casting fresh doubt over the UK’s first planned nuclear reactors in 20 years. ›

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  • January 16th, 2015

Oil Moves Higher on IEA Comments

Oil futures rallied on Friday after the International Energy Agency said a price recovery might be in sight. ›

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  • January 9th, 2015

Price of EU Carbon to Rise 62% in 2015 to Cut Pollution

The price of carbon emission permits in EU member states is forecast to rise on average by 62 percent in 2015 as part of steps taken by the Union to end the over-supply of carbon allowances which has led to increased pollution. ›

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  • January 9th, 2015

European Coal Price Falls to Seven-Year Low as Costs And Demand Drop

European coal prices fell to the lowest in at least seven years as the cost of mining and shipping the fuel dropped and demand from China is forecast to decline. ›

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