Thursday, February 28, 2013

Protesters decry Lithuania's shale gas plans

VILNIUS, Lithuania (AP) — Waving signs reading "Chevron, go away!," protesters demonstrated Tuesday in the Lithuanian capital against the government's plans to let the U.S oil company to begin shale gas exploration.

Wednesday, February 27, 2013

We need Government help, says UK Coal

A major fire at its Daw Mill Colliery could threaten the viability of operator UK Coal, its chief executive has warned.The fire, which started on Friday, forced UK Coal to evacuate more than 100 underground workers from Daw Mill, one of three deep coal mines it operates.

Tuesday, February 26, 2013

BP spill trial told it 'put profits over safety'

BP has been accused of putting profits before safety on the first day of a trial in New Orleans over liability for the 2010 Deepwater Horizon oil spill.

Monday, February 25, 2013

Keystone XL decision will define Barack Obama's legacy on climate change

Very few of us have the opportunity in life to look forward to our legacy. However, sometimes events occur that we just know will shape how history will judge us. One of those events is about to happen to President Barack Obama.

Sunday, February 24, 2013

China energy consumption rises 3.9% in 2012

BEIJING: Energy consumption by China, the world's leading emitter of C02, rose 3.9 per cent in 2012 from the previous year but fell by 3.6 per cent per unit of gross domestic product, the government said.

Saturday, February 23, 2013

Nuclear power: ministers offer reactor deal until 2050

The government is launching a last-ditch attempt to sign up energy companies to build new nuclear power stations by proposing to sign contracts guaranteeing subsidies for up to 40 years.

Friday, February 22, 2013

Wednesday, February 20, 2013

US president Barack Obama’s sphinx-like energy policy, suits him just fine

US President Barack Obama's policy on energy and climate change remains inscrutable and full of strategic ambiguity, which probably suits him just fine.

Monday, February 18, 2013

Exclusive: Foreign investors set to sue Spain over energy reform

MADRID (Reuters) - Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts.

Sunday, February 17, 2013

Shale oil surge poses threat to renewable energy, PwC warns

A worldwide expansion of relatively cheap shale oil could put investment in renewable energy and global emissions targets under threat, as well as posing other environmental risks.

Friday, February 15, 2013

Brent Crude Trades Near Three-Day High Amid Iran Nuclear Talks

Brent crude futures traded near a three-day high after United Nations nuclear officials failed to reach a deal on inspections with Iran.

Thursday, February 14, 2013

Wednesday, February 13, 2013

Report calls for huge expansion of experimental nuclear plants

The UK will need to develop a huge fleet of currently experimental nuclear reactors by the middle of the century, to generate around two-thirds of the country's electricity supply if it is to meet the most nuclear-intensive scenario for moving away from fossil fuels, according to a report by three of the government's most senior scientific advisers.

Tuesday, February 12, 2013

Monday, February 11, 2013

Large onshore windfarm approved for Lincolnshire

Ed Davey, the energy and climate change secretary, has given the green light to a huge windfarm right next door to the constituency of his turbine-phobic colleague, John Hayes.

Sunday, February 10, 2013

Sellafield to be prosecuted for sending radioactive waste to wrong disposal site

Sellafield has pleaded guilty to sending several bags of radioactive waste to the wrong facility, according to the Office for Nuclear Regulation.

Saturday, February 9, 2013

Record Oil Exports Shrink Trade Deficit as U.S. Fills Energy Gap

Record petroleum exports helped shrink the U.S. trade deficit to the smallest in two years as America moves closer to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo.

Friday, February 8, 2013

Exclusive: Obama considering MIT physicist Moniz for energy secretary - sources

(Reuters) - President Barack Obama is considering naming nuclear physicist Ernest Moniz, one of his science and energy advisers, as the next energy secretary, sources familiar with the matter told Reuters on Wednesday.

Thursday, February 7, 2013

US takes India to WTO over solar cell imports

The US has filed a complaint with the World Trade Organization (WTO) against India's national solar policy saying it "discriminates" against US products.

Wednesday, February 6, 2013

BP objects to $34 billion oil spill claims sought by states

(Reuters) - BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems "substantially" overstated.

Tuesday, February 5, 2013

Energy industry develops nontoxic fracking fluids

PITTSBURGH (AP) — The oil and gas industry is trying to ease environmental concerns by developing nontoxic fluids for the drilling process known as fracking, but it's not clear whether the new product will be widely embraced by drilling companies.

Monday, February 4, 2013

Energy leads TSX higher as U.S. data fuels optimism

TORONTO (Reuters) - Canada's main stock index closed stronger on Friday, led by energy and materials shares, which benefited from a rise in commodity prices after positive U.S. economic data.

Sunday, February 3, 2013

BP tried to manipulate gas market, alleges trader

BP faces new embarrassment in America with a court case brought by one of its former traders, who claims the company was trying to manipulate the natural gas liquids market.

Saturday, February 2, 2013

Russia's Rosneft disappoints with fourth quarter profits of £1.2bn

Russian state-controlled oil company Rosneft, in which BP has agreed to buy a 20pc stake, disappointed markets with its fourth-quarter results on Friday.

Friday, February 1, 2013

Shell dividend pleases shareholders but profits disappoint City

Shell has rewarded investors with a 4.7% increase in dividend payments covering the last quarter of 2012 after making $7.3bn worth of profits – a major increase on the same period of 2011.