Swallowed by coal: UK profits from Indonesia's destructive mining industry

Just 30 years ago, Samarinda was a sleepy village surrounded by deep equatorial forest and known mostly for its traditionally woven sarongs.

Rosneft Quarterly Net Jumps on $5.2 Billion Gain on TNK-BP Deal

OAO Rosneft, Russia’s largest oil producer, said third-quarter profit rose eightfold from the previous three-month period after it recorded a 167 billion-ruble ($5.2 billion) gain on the value of TNK-BP.

Fossil fuels divestment campaign is gathering momentum

The world has a choice when dealing with climate change. One is to decide it's a problem like any other, which can be dealt with slowly and over time.

Glencore, Sumitomo buy Rio Tinto coal mine stake for $1 bn

MELBOURNE/LONDON: Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

UK universities urged to pull cash from fossil fuel giants

An international campaign to urge large institutions to dump fossil fuel investments reaches the UK this week, following rapid success in the US.

Shell Offers Forties Crude; Nigeria Qua Iboe Exports to Increase

Royal Dutch Shell Plc (RDSA), Trafigura Beheer BV and Statoil ASA (STL) failed to sell North Sea Forties crude at lower prices than yesterday.

Energy policy failing at European level, says expert

An attempt to fix a "totally collapsed" energy policy in Britain is doomed to failure without measures to restructure the market at European level, according to a leading energy consultant.

Iraq to Boost Oil Output This Year as Asian Demand Strengthens

Iraq, OPEC’s second-largest oil producer, reiterated plans to boost crude output and exports by the end of the year as demand from Asian buyers strengthens.

Brazil oil auction: Lone bid wins exploration rights

The rights to explore Brazil's biggest oilfield have been won at an auction by a consortium led by Brazil's state-run Petrobras, backed by Total, Shell and Chinese firms.

David Cameron hails nuclear power plant deal as big day for Britain

David Cameron has hailed the UK government agreement with French-owned EDF to build the first new British nuclear power station in 20 years, saying it was a very big day for Britain and would kickstart a new generation of nuclear power in the UK.

Shale gas, energy efficiency key to meeting global demands

DUBAI: Positive global trends in shale gas availability will not have an immediate impact on the world economy as the level of energy consumption is rising annually by about 20 per cent globally, experts say.

Osborne agrees to China investing in UK nuclear plants

The Chancellor, George Osborne, has announced that the UK will allow Chinese companies to take a stake in British nuclear power plants.

US supreme court to hear challenge to EPA climate change regulation

In a blow to the Obama administration, the US supreme court on Tuesday agreed to hear a challenge to part of the US Environmental Protection Agency's first wave of regulations aimed at tackling climate change.

Shell CEO Peter Voser says shale gas to take longer to develop than expected

SOUTH KOREA: Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results.

Nuclear power still key to Japan energy mix: officials

SEOUL: Nuclear power is set to remain a key part of Japan's energy profile despite the safety concerns raised by the Fukushima disaster, senior Japanese energy officials predicted Monday.

China’s Crude Oil Imports Increase to Record as Economy Expands

China’s daily oil imports rose to a record in September as the world’s second-largest economy expanded and demand for energy grew.

Ed Davey hopeful of 'massive' energy investment

Britain's energy sector is close to securing tens of billions of pounds in investment from the Far East, Energy Secretary Ed Davey has said.

Shell Nigeria declares force majeure on oil export

LAGOS: Shell Nigeria declared ``force majeure'' Friday on exports of Bonny Light Crude oil, blaming increasing oil thefts that analysts say likely will lead companies to sell off more investments in Nigeria's declining onshore oil industry.

IMF favours removing energy subsidies worth $485 billion to tackle climate change

WASHINGTON: Emphasising that climate change must be high on the priority list for all nations, the IMF has called for getting the pricing right and removing subsidies on energies that amounts to nearly $485 billion.

Pakistan wants Iran to finance gas pipeline: minister

Pakistan has asked Iran for $2 billion in financing to build its side of a controversial gas pipeline that has drawn threats of US sanctions, Islamabad's petroleum minister said Tuesday.

Campaign against fossil fuels growing, says study

A campaign to persuade investors to take their money out of the fossil fuel sector is growing faster than any previous divestment campaign and could cause significant damage to coal, oil and gas companies, according to a study from the University of Oxford.

North Africa Is World’s Next Big Shale Prospect, Repsol Says

North Africa may be “the next big opportunity” after North America for oil and gas production from shale, if drilling costs can be reduced, said Repsol (REP) SA Geological Studies Director Eduardo Negri.

Petronas to build $35bn LNG plant in Canada

Petronas will embark on a $35 billion liquid natural gas (LNG) project in Canada following the reversal of Ottawa's decision to block the Malaysian national oil company's purchase of Canadian gas producer Progress Energy Resources.

Fracking produces annual toxic waste water enough to flood Washington DC

Fracking in America generated 280bn US gallons of toxic waste water last year – enough to flood all of Washington DC beneath a 22ft deep toxic lagoon, a new report out on Thursday found.

EU's Almunia says ready to charge Gazprom in antitrust case

(Reuters) - The European Union's antitrust chief said on Thursday that he was ready to charge Gazprom (GAZP.MM) with anti-competitive practices in a move that could lead to a fine of up to $15 billion for the Russian gas export monopoly.

Iran Oil-Export Capacity Seen Rising 21% in Ship-Tracking Data

The combined carrying capacity of oil tankers leaving Iranian ports last month rose 21 percent from August, vessel-tracking data compiled by Bloomberg show.

China offers tax rebates on solar power

China has offered tax rebates to manufacturers of solar power products in an attempt to prop up the struggling sector and also cut pollution levels.

Jellyfish clog pipes of Swedish nuclear reactor forcing plant shutdown

A huge cluster of jellyfish forced the Oskarshamn plant, the site of one of the world's largest nuclear reactors, to shut down by clogging the pipes conducting cool water to the turbines.

Keystone Pipeline Project Faces Nebraska Court Showdown

The proposed Keystone XL pipeline faces a court challenge in Nebraska, where three property owners contend state lawmakers gave the governor illegal power to take away their land for the project.