Friday, November 30, 2012

China's emissions expected to rise until 2030, despite ambitious green policies

China's position on its rising greenhouse gas emissions may seem contradictory. While the country flaunts ambitious green-tech investments and energy consumption targets, its officials continue to prioritise GDP growth over many environmental concerns.

Thursday, November 29, 2012

BP Sells $1.1 Billion of U.K. Oil Assets to Abu Dhabi’s Taqa

BP Plc (BP/), the energy producer that’s disposing of assets in the wake of the 2010 Gulf of Mexico oil spill, sold stakes in North Sea fields to Abu Dhabi National Energy Co. (TAQA) for $1.1 billion.

Wednesday, November 28, 2012

Renewable energy will help diversify economy

German Ambassador Dieter Haller opened the three-day “Renewables made in Germany” exhibition yesterday at the InterContinental Hotel in Riyadh.

Tuesday, November 27, 2012

Oil Fall as European Finance Ministers Meet on Greece

Oil dropped as euro-area finance ministers meet to negotiate a bailout payment for Greece and as American leaders prepared to wrestle with a budget agreement.

Monday, November 26, 2012

Time is running out: the Doha climate talks must put an end to excuses

Last month was the 333rd consecutive month that global temperatures were above the 20th century average, and 2012 will almost certainly be the hottest ever recorded in the US.

Sunday, November 25, 2012

UK energy deal triples renewable subsidy by 2020

LONDON: British government support for low-carbon electricity generation will triple by 2020 after the energy and finance ministries reached a deal to end months of wrangling over costly reforms.

Saturday, November 24, 2012

Ofgem 'failed to act' on gas price-fixing warning

The energy regulator, Ofgem, failed to implement its own consultants' recommendation a year ago to tighten up the way energy companies report trading activities – and admits it may now have to revisit the issue.

Friday, November 23, 2012

Tuesday, November 20, 2012

Middle East violence pushes oil prices up

NEW YORK (CNNMoney) -- Oil prices rose further Monday as violence between Israelis and Palestinians ignited fears that that the conflict could spread throughout the region.

Monday, November 19, 2012

Gazprom feels the chill as its dominance is weakened

A vast northern energy project frozen, billions of dollars in lost profit, legal disputes and investigations – the creeping shale gas revolution has left Gazprom, Russia's state gas monopoly, reeling.

Sunday, November 18, 2012

John Hayes: 'windfarms will not replace gas or nuclear'

Windfarms are "extremely inefficient and costly" and will not be able to replace gas or nuclear power generation, according to a letter sent by the Conservative energy minister, John Hayes, which reveals the extent of his antipathy to the technology.

Saturday, November 17, 2012

Crude Oil Rises on Concern Mideast Tension Will Disrupt Supplies

Oil rose in New York on concern that the clash between Israel and Hamas may escalate into a wider conflict that would endanger Middle East crude exports.

Friday, November 16, 2012

China Cuts Fuel Prices 1st Time Since July as Crude Drops

China will cut gasoline and diesel prices tomorrow for the first time since July, threatening to reduce refiners’ processing margins in the world’s second- biggest oil-consuming nation.

Thursday, November 15, 2012

BP 'to admit criminal misconduct over Deepwater Horizon in plea agreement'

BP is expected to plead guilty to criminal misconduct over the 2010 Deepwater Horizon disaster through a plea agreement it has reached with the US department of justice that may be announced as soon as Thursday, according to two sources familiar with discussions.

Tuesday, November 13, 2012

George Osborne: make UK a world leader in energy storage

Chancellor George Osborne has said the UK must take a global lead in developing a series of low carbon technologies, including energy efficient computing and energy storage, in his first major speech on scientific issues.

Monday, November 12, 2012

Alaska to collect $255m for BP pipeline leaks

The US state of Alaska will collect $255m related to BP's pipeline leaks and a resulting shutdown in 2006 in the Prudhoe Bay oilfield, drawing a line under an accident that contributed to the British company's US troubles.

Sunday, November 11, 2012

Oil Rises as Consumer Sentiment Gains

Oil advanced as data showing U.S. consumer confidence climbed to a five-year high, helping ease concern that a political stalemate in Washington will lead to a fiscal crisis.

Saturday, November 10, 2012

EU, China spar again over solar trade

HONG KONG (CNNMoney) -- The European Commission has launched an investigation into solar panels and components imported from China, the latest skirmish in a row that could raise tensions between the trading partners.

Friday, November 9, 2012

Duke Energy 3Q earnings hurt by mild weather

NEW YORK (AP) — Duke Energy, the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter but company executives said the outlook for strong economic growth in the U.S. is dim.

Wednesday, November 7, 2012

Government 'prepared to walk away’ from EDF nuclear talks

Britain will walk away from talks with French giant EDF Energy over its planned UK nuclear plant if the burden for the consumer is too high, says John Hayes, the energy minister.

Tuesday, November 6, 2012

China files EU solar subsidy complaint with WTO

China has filed a complaint with the World Trade Organization (WTO) against subsidies provided by some European governments to solar panel makers.

Monday, November 5, 2012

New nuclear reactors could be eligible for subsidies, says minister

The nuclear industry could get subsidies from the taxpayer to build new reactors, the new energy minister has said, despite opposition in the coalition agreement and repeated assurances to the contrary.

Sunday, November 4, 2012

Germany Discusses National Energy Plan

BERLIN — Chancellor Angela Merkel held talks on developing a nationwide strategy on renewable energy with the governors of Germany’s 16 states on Friday, at a time when energy prices are rising and the opposition is critical of her government’s efforts.

Saturday, November 3, 2012

Questor share tip: Shell's aggressive strategy makes sense and its dividend is attractive

Royal Dutch Shell has ambitious plans to increase production over the next few years, but some investors fear that the level of investment needed will crimp returns.

Friday, November 2, 2012

After Sandy, gas lines stretch for miles

NEW YORK (CNNMoney) -- Motorists in New York and New Jersey are lining up for gas in queues that are miles long in the wake of Superstorm Sandy.

Thursday, November 1, 2012

BG Group sees £6bn wiped off its value after production warning

BG Group suffered the biggest one-day share price fall in its history on Wednesday, wiping about £6bn off the value of the company, after warning it would see no growth in its oil and gas production next year.