Friday, May 31, 2013

Energy-from-waste facilities get green light across UK

In south London, Viridor has finally got the go-ahead to build an energy recovery facility next to its landfill site in Beddington.

Thursday, May 30, 2013

African OPEC oil setbacks help prop up prices

LONDON: Violence, unrest and investment hurdles are making African producers in OPEC its weakest supply link, helping prop up oil prices to the benefit of the group's strongmen led by Saudi Arabia.

Wednesday, May 29, 2013

Energy suppliers held back gas during UK shortage

Some of Britain's biggest energy suppliers were holding back gas in storage tanks at a time when the market ran into an acute shortage two months ago, triggering a doubling of wholesale prices.

Tuesday, May 28, 2013

Pipeline explosion halts gas supplies to southern China -Xinhua

May 26 (Reuters) - A section of a cross-country gas pipeline in China exploded on Sunday, injuring at least two people and halting gas supplies, local media said.

Monday, May 27, 2013

Tighter oil market will boost unloved energy stocks - Investec

LONDON (Reuters) - A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the rally, said Charles Whall, co-manager of Investec (LSE: INVP.L - news) 's $1 billion-plus energy fund.

Sunday, May 26, 2013

Don't delay on renewable energy, government told

Investing in new renewable power generation, rather than a "dash for gas", will be the lower-cost option for keeping the lights on while cutting greenhouse gas emissions, the government's climate change watchdog has said.

Saturday, May 25, 2013

Energy bill discount for wind farm neighbours

People living close to new wind farms will receive at least £100 off electricity bills under a scheme announced by a renewable energy company.

Friday, May 24, 2013

OPEC to Keep Exports Stable Amid Supply Glut, Oil Movements Says

The Organization of Petroleum Exporting Countries will keep crude shipments little changed into early next month as abundant inventories cap demand, tanker tracker Oil Movements said.

Thursday, May 23, 2013

BP Offers Forties Crude; Surgut Awards Urals Tender

BP Plc (BP/) failed to sell North Sea Forties crude at a lower price. Vitol Group sold two Russian Urals crude cargoes in Europe.

Wednesday, May 22, 2013

Arctic Refuge Oil Targeted by Alaska Amid U.S. Reluctance

Alaska’s government proposed investing its own cash in an assessment of oil reserves in the U.S. Arctic National Wildlife Refuge, seeking to prod the federal government to consider drilling in the protected area.

Monday, May 20, 2013

Shell: oil market regulation will cost consumers

Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility.

Saturday, May 18, 2013

BP to seek Cameron's help as oil spill costs escalate

BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010.

Friday, May 17, 2013

Rainforest plays critical role in hydropower generation

Deforestation in the Amazon region could significantly reduce the amount of electricity produced from hydropower, says a new study.

Thursday, May 16, 2013

Climate change sceptic to advise David Cameron on foreign policy

One of the government's fiercest climate change sceptics has been appointed to advise the prime minister on key foreign policy issues, in a move that has angered green campaigners.

Wednesday, May 15, 2013

EU raids oil majors in probe over possible price fixing

BRUSSELS: The European Commission said Tuesday it carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules.

Tuesday, May 14, 2013

Wind energy storage tested at institute

The Wind Energy Institute of Canada in western P.E.I. has purchased a $3-million system for storing wind energy, which it expects to begin tests on before the end of the year.

Monday, May 13, 2013

Cameron Says Oil, Mineral Companies Need Improved Transparency

U.K. Prime Minister David Cameron set his sights on oil, gas and mining companies in his drive for greater corporate and government transparency ahead of the summit of G-8 industrialized nations next month.

Sunday, May 12, 2013

BP Buys Forties at 10-Day Low; Glencore Sells Russia Urals Crude

BP Plc bought North Sea Forties crude at the lowest price in 10 days. Glencore Xstrata Plc sold Russian Urals blend at a bigger discount to Dated Brent.

Saturday, May 11, 2013

Rollout of smart energy meters delayed by a year

Plans for the nationwide installation of “smart” energy meters, which automatically send suppliers data on gas and electricity usage, have been delayed by more than a year.

Friday, May 10, 2013

Reward fracking communities with extra police officers, says IGas

Local communities should be won over to shale gas fracking by rewarding them with more teachers in primary schools and more police officers on the beat, the chief executive of explorer IGas has said.

Thursday, May 9, 2013

Europe's energy traders withdraw from price benchmarks: Reports

LONDON: Some of Europe's energy companies, trading houses and banks have stopped submitting natural gas trade data to price-reporting agencies (PRAs), which set benchmarks that underpin billions of dollars worth of gas supplies, the Financial Times reports.

Wednesday, May 8, 2013

Chevron CEO ordered to testify in fraud case against Ecuadoreans

Reuters) - A judge on Tuesday ruled that Chevron Corp's chief executive must testify in the U.S. oil company's fraud case against Ecuadoreans seeking to collect on a $19 billion judgment against Chevron related to rainforest pollution.

Tuesday, May 7, 2013

There's nothing wrong with low-carbon policy that strong government can't fix

The UK's energy policy is not "plausible" and a "crisis" is inevitable. That is the view of Peter Atherton, a respected utilities analyst who works for Liberum Capital, an investment bank in the City.

Monday, May 6, 2013

Drilling is new focus for clean energy investors

NEW YORK (AP) -- A decade ago, large investors in so-called clean technology had a straightforward goal: finance companies that would help eliminate the world's dependence on oil, natural gas and coal.

Sunday, May 5, 2013

Experts warn of threat to utility shares' income

Electricity, gas and water stocks are popular with investors who want decent income. But some companies are borrowing money to pay dividends.Income-seeking investors love utilities for their healthy yields and apparently resilient business models.

Saturday, May 4, 2013

Oil drilling technology leaps, clean energy lags

NEW YORK (AP) — Technology created an energy revolution over the past decade — just not the one we expected. By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all.

Friday, May 3, 2013

OPEC Exports Seen Stable Amid ‘Glum’ Demand, Oil Movements Says

The Organization of Petroleum Exporting Countries will keep shipments little changed this month as “glum” demand in the U.S. and Europe counters rising consumption in Asia, tanker tracker Oil Movements said.

Thursday, May 2, 2013

UK green bank, UAE's Masdar plan clean energy investments

LONDON (Reuters) - Britain's Green Investment Bank plans to invest in British clean energy projects over the next seven years along with United Arab Emirates' state-owned renewable energy firm Masdar, the bank said in a statement on Tuesday.

Wednesday, May 1, 2013

Nigeria's June oil exports to fall to lowest since August 2009

LONDON (Reuters) - Nigeria looks set for its lowest crude oil exports in nearly four years in June, shipping lists showed on Tuesday, highlighting how badly theft from pipelines is affecting Africa's largest economy.