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Energy Services News

  • April 2nd, 2015

UK Coal Plants Risk Summer Closures as Government Carbon Tax Hits Profits

Some UK coal-fired power stations are at risk of shutting for the summer after the doubling of a carbon emissions levy hurt the profitability of plants run by utilities from EON, SSE to Iberdrola SA. ›

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  • March 27th, 2015

UK’s Biggest Gas Storage Site Cuts Capacity for Six Months

Centrica Plc will limit natural gas storage at the UK’s biggest facility for six months to test wells at the site 9,000 feet below the North Sea, cutting the amount of stored fuel available next winter by more than 10 percent. ›

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  • March 23rd, 2015

Centrica’s UK gas storage site has potential issue with well integrity

Centrica Storage Ltd said on Friday that it had identified a potential issue with well integrity that could affect all wells at Britain’s biggest gas storage site, Rough. ›

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  • March 16th, 2015

International Energy Agency (IEA) warns of more oil price volatility

The rebalancing of the oil market triggered by the collapse in prices has yet to run its course and it would be a mistake to assume it will proceed smoothly, the International Energy Agency has warned. ›

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  • March 6th, 2015

EU Carbon market reforms likely to be agreed by end of June

Reforms aimed at raising prices on Europe’s carbon market are likely to be agreed by the end of June at the latest, a senior official at the European Commission said on Wednesday. ›

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  • February 27th, 2015

UK Awards £315m of Renewables Contracts

The Department of Energy & Climate Change awarded contracts worth more than 315 million pounds to 27 projects, according to a statement released Thursday. The companies were vying for a maximum of 325 million pounds of annual funding as part of Britain’s effort to cut carbon emissions and boost cleaner forms of energy. ›

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  • February 20th, 2015

Brussels investigates UK support for Lynemouth conversion to biomass

European Commission has raised concerns that subsidising imported biomass could distort market ›

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  • February 13th, 2015

Groningen gas output could fall below 50mcm/day on cap

Daily natural gas production from the Groningen field in the Netherlands could drop below 50 million cubic metres towards the end of Q2 2015, according to calculations based on the latest cumulative Dutch production data from operator GTS. ›

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  • February 6th, 2015

Most Volatile Oil Market Since 2009 Seen Persisting on Oversupply

The most volatile oil market in almost six years is set to continue seesawing as a global glut that drove prices lower last year persists for at least the first half of 2015. ›

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  • February 6th, 2015

Global LNG – Asia at discount to Europe for first time since 2011

Asian spot liquefied natural gas (LNG) prices slipped to a discount to European prices for the first time since 2011, as weak demand weighed, traders said on Friday. ›

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