Ukraine picks Shell and Chevron to develop shale gas fields

Oil companies Royal Dutch Shell and Chevron Corp have won the Ukrainian public bid to develop shale gas fields in Ukraine, its Prime Minister announced in an interview with Euronews. The fields in Yuzivske and Oleske are expected to provide the country with up to 10% of its natural gas by 2020, according to reports. The estimated $370 […]

Asia takes coal use crown from Europe

A huge shift in coal consumption over the last 30 years saw Asia’s use rocket while past heavy user Europe has cut back, new figures released yesterday show. According to the US Energy Information Administration (EIA), while coal use in Europe and Russia dropped by more than a third over the last thirty years, consumption […]