China strikes rich from falling oil prices

Beijing: Reaping rich dividends from its Central Asia gas pipelines and falling oil prices, energy- hungry China has not only ensured its energy security but is set to save a whopping USD 30 billion from its oil bills this year, besides USD 47 billion worth of trade gains.

German energy revolution spells doom for village sitting on vast coal deposits

ATTERWASCH, Germany – Five days a week, a giant machine eats its way through soil at the Jaenschwalde open-cast mine in eastern Germany, exposing the brown coal buried beneath. Lignite, as this form of compressed peat is known, is becoming an increasingly important part of Germany's effort to phase out nuclear energy.

Oil prices hit fresh four-year lows in wake of Opec meeting

Oil prices hit a four-and-a half-year low in the wake of the decision by the Opec producers' cartel not to cut output.

UK supermarkets cut petrol price as oil barrel value plunges

Plunging world oil prices have prompted leading supermarkets to cut the cost of their fuel. First, Asda announced it was knocking 2p a litre off its petrol and diesel from Saturday.

Modi to Abe Favor Oil Bears as Plunge Aids Asian Economies

Prime Minister Narendra Modi has oil to thank for helping an economic revival in India. Whether his luck holds depends on a meeting in Vienna tomorrow.

Russia hit hardest by plunging oil prices as producers brace for cut in profits

Falling oil prices knocked £1bn off the value of North Sea services firm Petrofac on Monday and are on course to cripple the Russian economy without a rescue package from the oil producers’ cartel Opec later this week.

Iran to push for Saudi oil output cut at OPEC: Mehr news agency

(Reuters) - Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two OPEC members meet this week in Vienna, Iran's semi-official Mehr news agency reported on Sunday citing a television interview with the country's oil minister.

Russia to seek new partners if Western oil majors leave - minister

MOSCOW, Nov 22 (Reuters) - Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday.

UN agency chief reports on Iran, DPR Korea nuclear files, measures to curb climate change

20 November 2014 – The safe and limited use of nuclear energy can help reduce the impact global energy demand is having on our planet’s volatile climate, the head of the United Nations nuclear watchdog said today as he launched his agency’s latest report on the issue and discussed the nuclear programmes of Iran and the Democratic republic of Korea (DPRK).

China Exports Most Gasoline Since 2010 Amid Record Production

China’s net exports of gasoline last month rose to the highest rate in more than four years as refiners in the world’s second-largest oil consumer boosted production to a record.

Cheap Electricity for Poor Squeezing Out Solar in India

The villagers of Dharnai in northern India had been living without electricity for more than 30 years when Greenpeace installed a microgrid to supply reliable, low-cost solar power.

US Senate narrowly fails to pass Keystone XL pipeline bill

The US Senate has narrowly failed to pass a bill approving the controversial Keystone XL oil pipeline.

Indonesia raises fuel prices by more than 30%

The Indonesian government has increased fuel prices by more than 30% in an attempt to save the economy more than $8bn (£5bn) in 2015.

'Nuclear energy can still be a safe, reliable and clean source of energy': PM Modi

Brisbane, Nov. 16 (ANI): Prime Minister Narendra Modi told world leaders at the G-20 Summit here on Sunday that nuclear energy can still be a safe, reliable and clean source of energy.

Steven Chu warns UK its nuclear plans risk becoming financial drain

A leading energy expert has warned that although the British government is right to proceed with new nuclear plants they risk becoming a “financial drain” unless they can be built on time and on budget.

Oil Rises as Price Plunge Puts Pressure on OPEC to Act

Brent advanced on speculation that the drop in prices below $80 a barrel for the first time in four years increases the likelihood that OPEC will curb output.

G20 targets new global energy body: media

(Reuters) - Leaders at the G20 Summit are seeking to lay the foundations for a new global energy trade regime to help ensure open markets and prevent oil and gas supplies being used as tools of foreign policy, the Australian newspaper reported on Saturday.

Glencore to shut all Australian coal mines for three weeks as prices fall

Mining giant Glencore will shut down its Australian coal operations for three weeks due to an oversupply of the commodity.

Ministers' shale gas 'hype' attacked

Ministers have "completely oversold" the potential of shale gas, energy experts say. Researchers from the UK Energy Research Centre (UKERC) told the BBC promises of lower prices and greater energy security from UK shale gas were “hype” and "lacking in evidence".

Nigeria Won’t Cut Spending Yet With Oil Above Budget Peg

Nigeria, Africa’s biggest oil producer, won’t cut spending while crude prices remain above the benchmark used for this year’s budget, Trade and Investment Minister Olusegun Aganga said.

Russia, China ink framework deal on second major gas supply deal

(Reuters) - Russia and China signed a framework agreement on Sunday for a new gas deal, just months after the two sides sealed a long-awaited supply agreement worth up to $400 billion, part of President Vladimir Putin's strategy to bolster ties with Beijing.

Japan Expands, Extends Oil Storage Lease Contract With Abu Dhabi

Japan expanded and extended for three years a lease that allows Abu Dhabi to store crude oil in the Asian country.

Vladimir Putin: oil price decline has been engineered by political forces

Recent tumbles in the value of oil on global markets have been the creation of politicians, Vladimir Putin, President of Russia, suggested on Thursday.

Petrol retailers urged to cut prices in line with falling oil costs

The government has urged petrol retailers to cut prices to bring them in line with plunging oil costs.

Oil Falls Fifth Day in Six as OPEC Cuts Demand Outlook

U.S. crude futures slid for a fifth time in six days after OPEC cut forecasts for the amount of oil it needs to supply and the dollar strengthened. West Texas Intermediate fell as much as 2 percent.

Deal to save Milford Haven oil refinery collapses

Hundreds of jobs in Wales are in danger after the collapse of a deal to secure the future of Milford Haven oil refinery. Murphy Oil, which owns the refinery, has been negotiating a sale with entrepreneur Gary Klesch for several months.

Britain will benefit from joining itself up to the European energy grid

In Europe, electricity is a commodity traded on an hourly or half-hourly basis, often months ahead of its actual use in homes or businesses.

Egypt signs $350 million in oil, power financing deals with Saudi Arabia

CAIRO: Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.

Clean Energy Finance Corporation told to prepare for its demise

The Abbott government has instructed the Clean Energy Finance Corporation to prepare its accounts for the upcoming mid-year economic statement on the basis that it will stop making investments on 31 December and cease to exist on 30 June next year.

Russia-Ukraine gas deal secures EU winter supply

Russia has agreed to resume gas supplies to Ukraine over the winter in a deal brokered by the European Union. The deal will also ensure gas supplies to EU countries via Ukraine are secure.

Drones spotted over seven French nuclear sites, says EDF

France’s state-run power firm Électricité de France (EDF) on Wednesday said unidentified drones had flown over seven nuclear plants this month, leading it to file a complaint with the police.

Power storage group Alevo plan 1bn US battery plant

Could a long-vacant cigarette factory in North Carolina build the rechargeable battery that will unlock the future of the clean energy economy?

Cheaper oil gives Southeast Asia a chance to grow better, slash subsidies

(Reuters) - Rising risks of deflation in major economies have renewed worries about global growth, but sliding prices for oil and other commodities should boost most of Southeast Asia.

Shell Seeks 5 More Years for Arctic Oil Drilling Drive

Royal Dutch Shell Plc (RDSA) is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may push the start of drilling past the 2017 expiration of some leases.

Falling oil price puts BP’s profits at risk of 20% drop, say analysts

The dramatic effect of falling oil prices on profits in the energy sector will be underlined this week as BP unveils third quarter earnings that could be as much as 20% lower than the same period last year.

Centrica boss attacks ‘contradictory’ UK power policy

Sam Laidlaw, the chief executive of Centrica, has urged the government to reconsider its support for offshore wind and other costly low-carbon technologies because it will raise the cost for energy consumers at a time of lower wholesale power prices.

Crude Gives Back Gains; Saudi Oil Policy Seen Unchanged

West Texas Intermediate retreated from the biggest gain since September amid speculation a drop in Saudi Arabian oil supply to the market isn’t a signal for production cuts.

Ukraine and Russia reach gas 'consensus'

Ukraine and Russia have "found consensus" on a deal to end their gas dispute, according to the boss of Ukraine's state gas firm.

Japan's power failure: Bid to forge national grid stumbles

TOKYO (Reuters) - After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.

Wind farms outstrip nuclear power

The UK's wind farms generated more power than its nuclear power stations on Tuesday, the National Grid says.

President Energy Surges After Finding Oil in Paraguay Basin

President Energy Plc (PPC) made Paraguay’s first major oil discovery in the Chaco basin, sending the U.K. explorer’s shares surging by the most in eight years.

Fossil fuel industry sustained by ‘toxic triangle’ that puts 400 million at risk

Political inertia, financial short-termism and vested fossil fuel interests have formed a “toxic triangle” that threatens to push up global temperatures, putting 400 million people at risk of hunger and drought by 2060, Oxfam said on Friday, a week before a European Union summit to finalise a new climate and energy policy framework.

Modi Eases Fuel Controls in Move to Revive India Economy

India scrapped controls on diesel prices and increased natural gas tariffs in Prime Minister Narendra Modi’s biggest steps toward curbing subsidies, spurring energy output and reviving the economy.

Fossil fuel divestment: climate change activists take aim at Australia's banks

Climate change activists will aim to give the big banks a $200m bloody nose on Saturday, in the latest round of what has been an increasingly bitter campaign to force the divestment of companies with fossil fuel interests.

WTI Rises From Drop Below $80 as Goldman Disputes Glut

West Texas Intermediate crude held gains above $80 a barrel as Goldman Sachs Group Inc. said the market isn’t oversupplied. Brent was steady in London. Futures fluctuated in New York after rebounding 1.1 percent yesterday.

Russian gas shutdown would not cause blackouts, says European commission

A total shutdown of Russia’s gas supply to Europe will not cause blackouts this winter, the European commission said on Thursday, as Vladimir Putin warned of a potential repeat of 2008 when Russia turned off gas supplies to the Ukraine.

Wind power is cheapest energy, EU analysis finds

Onshore wind is cheaper than coal, gas or nuclear energy when the costs of ‘external’ factors like air quality, human toxicity and climate change are taken into account, according to an EU analysis.

Kuwait Joins Saudi View of No Immediate OPEC Supply Cuts

Two of OPEC’s biggest members say they won’t immediately reduce oil production to offset tumbling prices, a signal the group is unlikely to heed Venezuelan calls for an emergency meeting.

Iraq Follows Saudi Cuts as Brent Slides to 4-Year Low

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009 as it follows Saudi Arabia and Iran in cutting prices amid a slump in Brent futures to the lowest in almost four years.

Solar Could Be the Largest Source of Energy By 2050

Solar energy could be the world's largest source of power by 2050, providing more than a quarter of the Earth's energy, according to the International Energy Agency (IEA).

Big Six energy companies asked by Ofgem to reveal costs and profits

Ofgem, the energy watchdog, is launching a renewed transparency drive over the finances of the big six energy suppliers amid further concerns of profiteering.

China pollution levels hit 20 times safe limit

Days of heavy smog shrouding swathes of northern China pushed pollution to more than 20 times safe levels on Friday, despite government promises to tackle environmental blight.

EU approves Hinkley Point nuclear power station as costs raise by £8bn

The European commission on Wednesday gave Britain the green light for a huge government subsidy that will open the way for the first atomic power stations to be built for nearly 20 years.

Investors wary as energy sector grows in high-yield bonds

NEW YORK, Oct 7 (IFR) - Energy companies have become a larger presence in the US high-yield bond market this year, relying on debt to fund capex as they expand exploration and production activity, but months of heavy issuance and weaker oil prices are taking their toll.

EU scraps plan to label tar sands oil as highly polluting

The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition.

Chevron CEO's vision for US energy plan

Over the last 150 years, we've seen the greatest advancements in living standards in recorded history - advances enabled by affordable and reliable energy that have brought light, heat, mobility, modern communications and other benefits to billions of people around the world.

The nuclear industry still has its secrets

One of the nuclear industry’s promises for the future is that it will turn its back on its cold war past and be more open and transparent about its dealings.

Cramer: Oil decline obscured important discovery

With the sharp downturn in oil prices commanding headlines, Cramer thinks important stories have been pushed out, unfairly.

BP asks court to reconsider 'gross negligence' ruling

BP has asked a US court to reconsider its ruling of "gross negligence" over a 2010 oil spill in the Gulf of Mexico, which boosted its potential fines to around $18bn (£11.1bn).

Oil price hits two-year low after Saudi price cut

Global oil prices have fallen to their lowest level in more than two years after Saudi Arabia cut its official selling price.

Big six energy firms may lose quarter of customers by 2020, analysts warn

The big six energy suppliers are facing the loss of a quarter of their customers over the next six years, knocking £500m a year off their collective profits, City financial analysts have said.

After Fukushima, is it moral for Australia to sell uranium to India?

At the height of the Fukushima nuclear disaster in 2011, Japanese prime minister Nato Kan was faced with a decision: would he have to order the evacuation of Tokyo.

WTI Crude Set for Biggest Loss in a Week With Brent

West Texas Intermediate crude was headed for its biggest loss in a week as U.S. economic data bolstered the outlook for higher interest rates.

Rosneft and Exxon discover Arctic oil

Russian energy giant Rosneft says it has discovered oil with its US project partner Exxon Mobil at a controversial well in the Arctic.

Saudis Said to Maintain Oil Output After Biggest Cut Since ’12

Saudi Arabia, the largest crude producer in OPEC, plans to keep output steady until the end of the year, a person with knowledge of the country’s oil policy said. It made the biggest cut in 20 months in August.

Energy storage site potential boon for Utah

SALT LAKE CITY (AP) -- A proposed $1.5 billion energy storage site in rural Utah that is part of a larger, ambitious clean energy initiative would be an economic boon to the state and could potentially make the area a hub for similar projects, state officials said Wednesday.

Europe's carbon cuts should be subject to Paris climate deal – EU energy chief

Europe should only push ahead with its planned cuts to carbon emissions if the rest of the world agrees to a global climate change deal at a crunch summit in Paris next year, according to the EU’s energy chief.

Indian Supreme Court cancels 214 coal scandal permits

India's Supreme Court has cancelled almost all the coal mining licences awarded by the government since 1993 in a corruption scandal which has cost the country tens of billions of dollars.

Hinkley nuclear power plant recommended for approval

Plans to build a new nuclear power plant at Hinkley Point in Somerset have been recommended for approval following a European Commission investigation.

New climate deal push will not repeat Copenhagen mistakes – UN envoy

Efforts to forge a new global agreement on global warming will not repeat the mistakes that dogged the landmark climate summit in Copenhagen five years ago, Ban Ki-moon’s special envoy on climate change has vowed.

Energy companies push New Zealand stocks higher

WELLINGTON, New Zealand (AP) — Trading in energy companies pushed New Zealand's stock market higher Monday following an election victory for Prime Minister John Key.

Renewable energy target: Coalition and Labor no closer to compromise

The two major parties appear no closer to a compromise on the future of the renewable energy target, amid a push by Coalition backbenchers to strip away the mechanism for large-scale wind and solar projects.

China joins nations eyeing India's civil nuclear sector

NEW DELHI (Reuters) - China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.

Brazil's largest company, Petrobras, accused of political kickbacks

The brutalist headquarters of South America's biggest company, Petrobras, offers a harsh riposte to those who try to romanticise Brazil as a land of golden beaches and endless forest.

U.S. Oil Output Surges to Highest Since 1986 on Shale

U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence.

India to decide on diesel deregulation after state polls: oil minister source

(Reuters) - India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.

Nuclear energy should be kept out of politics: Russia's Rosatom

LONDON (Reuters) - Nuclear energy should be left out of any political decisions such as sanctions, an executive at Russia's state nuclear corporation Rosatom told Reuters on Thursday.

Power plant construction programme 'may prove expensive and unnecessary'

Britain risks locking itself into an expensive and unnecessary programme of power plant construction under flawed new policies being pursued by the government, a key committee of MPs has warned.

US hits Russia's largest bank, energy sector with sanctions

Washington (AFP) - The United States hit Russia's top bank and leading energy and technology companies with sanctions Friday, restricting access to finance and technology to punish Moscow's support for Ukraine's separatist rebels.

Brent Crude Falls to Two-Year Low After IEA Demand Cut

Brent crude fell to the lowest level in more than two years, narrowing its premium over West Texas Intermediate, after the International Energy Agency cut demand forecasts.

Solutions to the water energy nexus remain elusive

Solutions to the water energy nexus – the main topic of last week’s World Water Week conference in Stockholm – remain elusive.

Poland Says Gazprom Cut Gas Supplies via Belarus, Ukraine

Poland is investigating reduced natural gas supplies from Russia’s OAO Gazprom (OGZD) via Belarus and Ukraine, according to the country’s dominant gas company.

Fukushima fallout continues: now cleanup workers claim unpaid wages

The legal net has started to tighten around the operator of the Fukushima Daiichi nuclear power plant, as victims of the accident, and those responsible for clearing it up, take their grievances to the courts.

WTI, Brent Oils Set for Weekly Drop on Slow Jobs Growth

West Texas Intermediate and Brent crudes dropped after weaker-than-estimated U.S. jobs growth in August and as Ukraine and pro-Russian separatists agreed to a cease-fire.

Iranian nuclear R&D centre 'visited by UN inspectors'

UN inspectors have gained rare access to an Iranian nuclear facility, giving them a "better understanding" of Tehran's disputed programme, it has been reported.

Shell Trims China Shale Venture on Sichuan Population Challenges

Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense population.

US justice system was always going to find BP guilty

BP has spent years waiting to hear its punishment for the Gulf of Mexico disaster. On Thursday, the verdict it regarded as its worst case scenario landed with thudding predictability.

Two nuclear power stations could be out of action until December, says EDF

Two nuclear stations that play a vital role helping to keep Britain's already fragile electricity system intact could be out of action till the end of the year, EDF Energy said on Thursday.

Liberal Democrats seek to ban 'unabated' coal power

Electricity generated from coal in old power plants without carbon capture would be banned in a proposal that will form the centrepiece of the Liberal Democrats' commitment on the environment in its general election manifesto.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

Russia and China launch gas pipeline

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk.

Shell Submits a Plan for New Exploration of Alaskan Arctic Oil

Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists.

'Water efficiency should be our goal', says head of World Water Week

World Water Week kicks off in Stockholm on 1 September. As executive director, can you tell us what the conference is about?

Russia warns EU of Ukraine gas shortage

Russia says there is a risk that gas shortages this winter could force Ukraine to siphon off supplies of Russian gas meant for EU customers.

Fracking Foes Force Some Oil Drillers to Tread Lightly

A fight over fracking is looming in Texas. Another stand-off is shaping up in Colorado. Yet drillers’ reactions couldn’t be more different. In Texas, drillers are doing their noisy in-your-face fracking as usual.

New coal power stations threat to EU’s emissions target

New coal power stations designed to burn Europe’s massive deposits of lignite pose a serious threat to the continent’s decarbonisation efforts, according to figures released on Wednesday.

Iran Oil Minister: Oil Prices Appropriate, Decline Is Short-Lived

Iran’s Oil Minister Bijan Zanganeh said on Tuesday that current oil prices are appropriate and the recent decline would be brief.

Labour attempts to strengthen regulation of UK fracking industry

The Labour party believes the rules covering fracking – or hydraulic fracturing – for gas are not tight enough and will attempt to strengthen regulation of the controversial drilling method by tabling a series of amendments to the infrastructure bill in the House of Lords on Tuesday.

U.S. steel producers win anti-dumping case against cheap imports

The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from six countries, exempting two, handing a victory to domestic producers who had complained that the cheap imports were undercutting their prices.

BP to Spend $9 Billion on Australia Fuel Stations, Exploration

BP Plc (BP/), the operator of the biggest oil refinery in Australia, plans to spend A$10 billion ($9.3 billion) this decade expanding its filling station network and developing oil and gas projects such as the Browse venture.

Kurdish Oil Shipments From Turkey Said to Resume as Tanker Loads

Shipments of Iraqi Kurdish oil resumed from the Turkish terminal Ceyhan today as the Spanish-flagged tanker Ultimate Freedom completed loading and prepared to depart, according to an official with knowledge of the situation who asked not to be identified, citing policy.

Energy Absolute to Invest $1.4 Billion in Solar, Wind Projects

Energy Absolute Pcl (EA), whose Bangkok-listed shares have more than tripled this year, plans to spend about 46 billion baht ($1.4 billion) over the next three years to boost generation capacity from renewable energy.

EDF to pay £3m in compensation after Ofgem inquiry

EDF Energy has become the latest of the big six energy suppliers to feel the heat of the energy regulator by paying out £3m to vulnerable customers after breaching complaints handling rules.

Plans for one of Australia’s largest solar power stations scrapped

Plans for one of Australia’s largest solar power stations have been scrapped, in part because of uncertainty over the future of the renewable energy target (RET).

Energy secretary pushes for nuclear power

IDAHO FALLS, Idaho (AP) -- U.S. Energy Secretary Ernest Moniz championed the use of nuclear power and urged politicians and leaders in the energy industry to adapt and modernize energy production to help minimize the fallout from global warming.

SNP accused of exaggerating North Sea oil reserves by up to 60%

Sir Ian Wood, the most influential figure in the Scottish oil industry, has accused Alex Salmond's government of exaggerating North Sea oil reserves by up to 60%.

Norway Sees No Krone Volatility Exit as Oil Crowds Economy

Norway’s government won’t do anything to address exchange rate volatility and is instead urging exporters to adapt their businesses to market swings.

Fracking's impact on wildlife remains unknown, study finds

A decade into North America’s fracking boom, the impact on wildlife and the environment remains largely unknown, according to a new study.

World Awash in Oil Shields Markets From 2008 Price Shock

Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices.

Nuclear reactors in northern England to be shut down due to faults

Four nuclear reactors at two large power plants in the north of England are to be shut down temporarily, after inspectors discovered a fault with a boiler unit.

Top federal officials discuss energy development

SANTA FE, N.M. (AP) -- The potential for renewable energy development in the Southwest is tremendous, but two top officials in President Barack Obama's administration said Monday much work needs to be done to meet the challenges of exporting that power to market.

Energy industry 'over-regulated', say former regulators

Five former energy regulators have suggested that too much regulation may have hindered competition among energy suppliers, maintaining high prices.

Solar and Wind Power More Expensive Than Thought

A new study from the Brookings Institution, a Washington think tank, argues that using solar and wind energy may be the most expensive alternatives to carbon-based electricity generation, even though they require no expenditures for fuel.

Iraq Oil Explorers Evacuate More Staff After Islamist Surge

Oil explorers in Kurdistan halted operations and evacuated more staff as Islamist militants advanced into northern Iraq.

The potential consequences of Drax's legal defeat on biomass subsidies

It is hard to keep up with the twists in the tale of Drax's attempts to win fixed-price government subsidies to help convert two of its dirty coal-fired units to run on biomass pellets.

Japan still plans Russia energy deal

TOKYO — Japan, dependent on imports for almost all its fuel, is pursuing natural gas projects and energy purchases in Russia despite new sanctions last week designed to punish Vladimir Putin and his associates.

Shell and Nigeria have failed on oil pollution clean-up, Amnesty says

Little action has been taken to clean up pollution caused by oil production in Nigeria’s Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups charged Monday.

Energy price riggers to face jail under new proposals

Anyone found guilty of rigging wholesale gas and electricity prices faces up to two years in jail, under new proposals by the government. Energy Secretary Ed Davey wants it to be a criminal offence to artificially fix energy prices.

Energy probe should look at gas market too, warns MP

The forthcoming competition inquiry into the UK's energy companies should also investigate the wholesale gas market, a senior MP has warned.

Government pushes ahead with fracking plan despite wide opposition

Overwhelming opposition to the government's plans to expanding fracking across Britain was expressed by interest groups during an official consultation, whose results were released a day after ministers signalled a go-ahead for shale gas drilling around the country.

Exxon Bets on Russia as Rivals Stick to U.S. Wells

As Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc, the world’s largest oil companies, bet on increasing production from Russia, smaller rivals are boosting crude supplies by exiting foreign fields to focus on booming U.S. wells.

'Old coal' subsidy loophole to be closed by UK government

A loophole in the government’s energy policy that could have seen billpayers funding billions of pounds of subsidy for old coal plants will be closed, officials have told the Guardian.

Petrobras Cash Flow Woes Hit Tenaris Profit, CEO Says

Cash flow constraints at Petroleo Brasileiro SA (PBR), the biggest producer in ultra-deep waters, has slowed output gains, curbing profit at Tenaris SA (TS), the oil equipment supplier said today.

Asia to Get Most 2014 Middle East Fuel, Ship Hirings Show

Persian Gulf oil refineries, going through the biggest expansion in decades, are about to ship the largest amount of fuels such as gasoline to Asia in eight months, lists of shipping charters show.

Iraqi Kurdish oil tanker to be seized by US authorities

A tanker carrying $100m (£59m) of Iraqi Kurdish oil is set to be seized by US marshals on Tuesday.

Beauty spots still at fracking 'risk', say campaigners

Fracking licences can only be issued for beauty spots in "exceptional circumstances", according to new rules issued by the government. It said the regulations for the new bidding round for licences - the first in six years - are stricter than before.

China Gasoline Stockpiles Extend Record Amid Rise of Hybrid Cars

China’s gasoline inventories rose to a record high for a third month in June as an expanding fleet of new-energy vehicles limited demand for conventional supplies in the world’s second-largest oil consumer.

UK renewable energy subsidies capped at £200m a year

A ceiling of £200m a year will be placed on subsidies to some of the major forms of renewable energy from this autumn, affecting the funding of large-scale low-carbon installations from wind and solar farms to biomass-burning power plants.

German Utilities Bail Out Electric Grid at Wind’s Mercy

Germany’s push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country’s electricity grid.

Energy Future seeks longer bankruptcy as it scraps plan

July 24 (Reuters) - Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.

Global stock markets at risk from Black Swan spike in oil price

Global stock markets are at risk from a spike in oil prices which could derail the fragile economic recovery and lead to a major correction in share prices, warns Steen Jakobsen, chief economist at Saxo Bank.

U.S. Oil Futures Reach Two-Week High on Refinery Demand

West Texas Intermediate crude rose to the highest in almost three weeks as strong refinery demand reduced U.S. inventories.

Iran Wanting What Argentina Got Shows Nuclear Market Precedent

War with an industrial power and nuclear technology developed under military rule doesn’t preclude a country from enriching uranium. Just ask Argentina.

Reliance Industries sees profits jump on oil and gas

Reliance Industries, one of India's largest industrial conglomerates, has reported a sharp rise in profits thanks in part to a turnaround at its oil and gas business.

Germany is most energy efficient major economy, study finds

Germany is the world's most energy efficient country with strong codes on buildings while China is quickly stepping up its own efforts, an environmental group said Thursday.

Crude Set for First Weekly Gain in a Month on Ukraine

West Texas Intermediate and Brent crude headed for the first weekly gains in a month after a Malaysian Air passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip.

Cities 'should generate green energy', says think tank

Cities should invest in green energy production to compete with the main UK energy suppliers, a centre-left think tank has recommended.

John Kerry acknowledges 'tangible progress' in nuclear talks with Iran

The top diplomats from the US and Iran have hailed the progress made so far at nuclear talks in Vienna but say more time may be needed to close the remaining gaps between the sides.

UK on track to miss carbon targets, climate change advisers warn

The coalition’s flagship insulation programmes have failed to put the UK on the right track to meet its commitments on cutting greenhouse gases, a review by the statutory advisers on climate change has found.

Natural Gas Supply Gains Keep Driving Bulls From Market

Twelve weeks of above-average gains in U.S. natural gas supply are easing concern over winter fuel shortages and spurring speculators to cut their bets on rising prices.

Falling North Sea oil revenue 'to hit government finances'

Dwindling revenue from North Sea oil will increase the pressure on government finances over the coming decades, according to the Office for Budget Responsibility (OBR).

Iowa ruling gives boost to solar energy expansion

IOWA CITY, Iowa (AP) -- Solar energy companies can legally sell power directly to customers, the Iowa Supreme Court ruled Friday in a boost to the small but growing source of renewable energy.

Falling North Sea oil revenue 'to hit government finances'

Dwindling revenue from North Sea oil will increase the pressure on government finances over the coming decades, according to the Office for Budget Responsibility (OBR).

Zero carbon and economic growth can go together, UN study says

Australia could slash its carbon emissions to zero by 2050 and still experience average economic growth of 2.4% a year, according to a UN-backed study.

Brent Erases Iraq Rally With Price Below When Mosul Taken

Brent crude fell the most in more than two months, reversing a rally that started when Islamist militants seized the northern Iraqi city of Mosul almost a month ago. West Texas Intermediate also declined.

Yorkshire carbon capture power plant gets EU funding

Drax, the operator of Britain's biggest power station, has secured up to €300m (£238m) of European Union funding to build a power plant whose carbon dioxide emissions will be trapped and buried deep beneath the North Sea.

New England energy officials warn of possible power crisis; governors infrastructure initiative could be the solution

New England is facing an energy crisis that will drive up consumers’ electricity bills, and the states need to come together for a solution, said regional energy officials at a conference held Monday in Manchester.

Exclusive: Iran eases demands in Vienna nuclear talks - Western diplomats

VIENNA (Reuters) - Iran has reduced demands for the size of its future nuclear enrichment program in talks with world powers although Western governments are urging Tehran to compromise further, Western diplomats said on Thursday.

Egypt to raise fuel prices by up to 78 percent from midnight: source

(Reuters) - Egypt was set to raise mainstream fuel prices by up to 78 percent from midnight on Friday, an Oil Ministry source told Reuters, in a long-awaited step to cut energy subsidies to ease the burden on its swelling budget deficit.

JX Energy Looks Beyond Japan as Oil Refiners Squeezed at Home

JX Nippon Oil & Energy Corp. (5020), Japan’s largest oil refiner, is considering shrinking its presence at home and expanding elsewhere in Asia as the government squeezes the industry in the face of declining domestic fuel demand.

UK will have to gamble with nuclear safety to provide power, analyst warns

Britain may have to stretch safety limits on nuclear power stations to keep the lights on, warned a leading energy analyst on Wednesday.

Oil Risk Flares in Iran Nuclear Talks Amid Unrest in Iraq

Targeting Iranian crude exports to force cuts in the nation’s nuclear program is becoming a riskier strategy for oil markets as violence erupts in neighboring Iraq and supply disruptions persist in Libya.

UK infrastructure neglected and at risk from climate change, engineers warn

Vital parts of UK infrastructure are being neglected, with potentially severe impacts on national competitiveness and quality of life, according to a new study by engineers.

Scotland Holds Billions of Barrels of Shale Oil, Report Says

Scotland may have billions of barrels of shale oil buried under its most densely populated areas, geologists said today.

EU energy and climate talks – not Juncker – are the real show in Brussels

Drivers through the European quarter in central Brussels on Friday got a shock as giant banners were unfurled in front of the EU buildings showing political leaders speeding off the edge of a cliff.

Exclusive: U.S. energy venture says its refineries would produce export-ready fuel

(Reuters) - Quantum Energy Inc (QEGY.PK), a U.S. energy venture, intends to build a network of "micro refineries" that would produce fuel fit for export, an executive said on Friday.

Indonesia Seeks $5 Billion to Cut CO2 From Deforestation

Indonesia needs about $5 billion in aid to hit its target for reducing emissions, according to the agency set up to protect rainforests and peatlands.

US eases oil export restrictions

The US has given permission to two firms to export oil, after it has been lightly processed - a move that could see oil exports from the US increase.

Green investment bank to launch £1bn offshore wind fund

The government's Green Investment Bank (Gib) has announced plans to raise £1bn to encourage new investors to put money into offshore windfarms.

Energy Future Crown Jewel Creates Rift: Corporate Finance

The jockeying has begun for the prized asset of Energy Future Holdings Corp., which filed for bankruptcy in April with about $50 billion of debt after the largest leveraged buyout in history.

Coal's share of energy market at highest level since 1970

Coal has reached its highest market share of global energy consumption for more than 40 years, figures reveal, despite fears that its high carbon emissions make it a prime cause of climate change.

Energy freeze prompts differing lawmaker reactions

A controversial bill that will freeze Ohio's renewable energy and efficiency standards for at least two years continues to await Gov. John Kasich's signature.

Shell in preliminary Nigeria oil spill judgement

Anglo-Dutch oil giant shell is braced to pay up to £30m in compensation after two oil spills in Nigeria.

South African Minister Reviews Resource Law as Discord Grows

South Africa’s mines minister has asked President Jacob Zuma to hold off on signing a new mineral resources law so the legislation that faces growing opposition can be reviewed.

India overtakes US as Nigeria's biggest oil importer

India has taken over from the US as the largest importer of Nigerian oil, the West African state's national oil company has said.

World's energy systems vulnerable to climate impacts, report warns

Rising sea levels, extremes of weather and an increase in the frequency of droughts and floods will all play havoc with the world's energy systems as climate change takes hold, a new report has found.

Ukraine crisis: Russia halts gas supplies to Kiev

Ukraine says Russia has cut off all gas supplies, in a major escalation of a dispute between the two nations.

Energy firms given three-day switching deadline

Consumers will be able to switch energy suppliers in just three days by the end of the year under radical new switching rules unveiled by Ofgem today.

Crude Records Year’s Biggest Weekly Gain on Iraq Unrest

West Texas Intermediate and Brent crudes charted the biggest weekly gains this year as Islamist fighters extended their advance in Iraq, triggering concern of a return to civil war. Futures in New York climbed 4.1 percent this week while they added 4.4 percent in London.

Apparent pause in global warming blamed on 'lousy' data

A widely reported "pause" in global warming may be an artefact of scientists looking at the wrong data, says a climate scientist at the European Space Agency.

Fukushima Fires Up Atomic Industry’s Removal-of-Liability Drive

Japan will introduce legislation this year to ratify a controversial treaty backed by General Electric Co. and other atomic-plant manufacturers seeking protection from damage claims caused by nuclear accidents.

Chile's energy dilemma after ditching megaproject

Following the Chilean government's decision to scrap what would have been the biggest energy project in the country's history, the BBC's Gideon Long asks what Chile will now do for energy instead.

Iran to Increase Oil Output by 700,000 Barrels a Day

Iran is increasing oil production and can boost output by 700,000 barrels a day within two months if international sanctions on its economy are lifted, according to Oil Minister Bijan Namdar Zanganeh.

BP loses bid to freeze Gulf of Mexico spill payouts

The US Supreme Court has refused to allow BP to stop paying compensation claims while it awaits a review of its settlement with businesses over the 2010 Gulf of Mexico oil spill.

Why gas prices are needlessly expensive

If there’s any doubt that the summer driving season is upon us — despite the feeling that it snowed only two weeks ago — just look at the price at the pump.

The US carbon trading schemes that Australia's prime minister cannot see

Tony Abbott might be in for a bit of a surprise when he takes a business delegation to New York as part of his current overseas trip.

Russia-China Gas Pact Stirs Dream of Bridge Across Amur

In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe.

Obama plan to reduce pollution will allow some states to increase emissions

Barack Obama's new power plant rules will still allow some states to increase their share of the carbon pollution that causes climate change, officials admitted for the first time on Wednesday.

OPEC Loses Price Power as Saudis Take Control

OPEC isn’t moving oil markets like it used to. As Saudi Arabia, the world’s largest oil exporter, has acted with more independence and crude prices stabilized, the group’s gatherings in Vienna to discuss output have lost potency.

World not moving fast enough on renewable energy, says IEA

The world is not moving fast enough on investment in low carbon energy to tackle climate change, new research from the International Energy Agency has found.

Britain's solar boom seen even bigger this year

(Reuters) - Britain's growth in solar capacity could be greater this year than last as firms snap up government subsidies for new large plants before they come to an end, said Foresight Group, a major British asset manager investing in the solar sector.

US unveils sharp curbs on coal power plants

The Obama administration has proposed strong new rules targeting coal-burning power plants in an effort to curb global warming.

Shale and non-Russian gas imports at heart of new EU energy strategy

Europe will need to tap more diverse sources of gas and develop more supplies of controversial shale gas within the continent, amid concerns over the Ukraine crisis, according to a new energy security strategy unveiled by the European commission on Wednesday.

Ukraine makes part payment on Russian gas debt

Ukraine has paid part of its gas debt to Russia after talks between both sides and the European Union, says EU Energy Commissioner Guenther Oettinger.

Wind power most popular source of energy in UK

Wind power is the most popular source of energy in the UK, according to an exclusive survey of attitudes towards the energy market carried out on behalf of the Guardian.

Lifting oil export ban would spark U.S. economy: IHS

(Reuters) - If U.S. lawmakers reverse a 40-year ban on oil exports it would add more than $1 trillion to government revenues through 2030, trim fuel prices, and add an average of more than 300,000 jobs a year, according to a report by an energy research group.

Iraq Oil Revival Stalls Again as Violence Pinches Growth: Energy

The revival in Iraqi oil output has stalled. Again. Production forecasts for 2014 are getting less optimistic. The Oil Ministry’s official target is 4 million barrels a day by the end of the year.

Scotland's energy crisis: where next without nuclear?

What is unique about the Scottish energy challenge, and can the Scottish government realistically achieve its target of securing 100% of its energy needs from renewable sources by 2020?

Ukraine provisionally agrees to pay Russia some gas debt: EU

BERLIN (Reuters) - Europe's Energy Commissioner said on Monday Ukraine had agreed to pay some of the money it owes Russia for gas supplies, provided the two governments agreed to the provisional deal that would clear the way for further negotiations on Friday.

Ecuador signs permits for oil drilling in Amazon's Yasuni national park

Drilling for oil in a part of the Amazon rainforest considered one of the most biodiverse hotspots on the planet is to go ahead less than a year after Ecuador's president lifted a moratorium on oil drilling there.

Putin’s Energy Trumps U.S. Sanctions as Rosneft Extends Reach

One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft (ROSN) chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly.

Energy markets receive crude awakening

Crude oil prices gained sharply last week, hitting a one-month high after U.S. Energy Information Administration statistics showed a quick drawdown in supplies.

Iraqi Kurdistan makes first oil sale amid exports row

The government in the Iraqi autonomous region of Kurdistan says it has made its first sale of crude oil despite strong opposition from Baghdad.

South Sudan Chaos Halts Ex-Blackwater CEO’s Refinery Plan

As the former head of U.S. security company Blackwater USA, Erik Prince thrived in war zones like Iraq and Afghanistan. South Sudan, the world’s newest nation where violence erupted in December, is proving a little tougher.

UK looks to boost fracking with new land access rules

The UK government has proposed new rules regarding rights to access land in a bid to speed up the introduction of fracking.

First Solar Joins Developers Saying Dumping Probe Flawed

First Solar Inc. (FSLR), one of the largest suppliers of photovoltaic panels to India, challenged in court the findings of a government probe that said U.S. and Asian suppliers dumped products in the local market.

MoD loses battle to block radioactive waste contamination report

The Ministry of Defence (MoD) has been forced to abandon attempts to block a report by government advisers warning that radioactive contamination of military sites across the UK could pose a risk to public health.

China, Russia on verge of gas deal

BEIJING — China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.

Uranium Slides as Banks Reduce Outlook Amid Japan Delays

Delays in restarting Japan’s nuclear reactors are prolonging a uranium supply glut that’s driven prices to an eight-year low, making banks from UBS AG to Credit Suisse Group AG less bullish on the fuel.

Energy Security in Focus as Ukraine Unsettles EU Talks

The escalating crisis in Ukraine is moving security of gas supplies to the forefront of the European Union debate on how to design its climate and energy rules for the next decade.

Keystone Delays Fuel Push for Canada East Oil Pipeline

Delays by the U.S. in reviewing Keystone XL are helping build momentum for an oil pipeline to Canada’s East Coast.

Amid Pipeline and Climate Debate, Energy-Efficiency Bill Is Derailed

WASHINGTON — A bipartisan bill to encourage energy efficiency in buildings died in the Senate on Monday, derailed by the contentious debate over the Keystone XL pipeline and President Obama’s plans to issue new climate change regulations.

Petrobras Steps Up Cost Cuts to Counter Fuel Subsidies

Petroleo Brasileiro SA (PETR4) is stepping up cost-cutting measures to avoid a fourth straight profit decline amid losses derived from government fuel subsidies.

Drax follows Centrica in issuing profit warning

Drax, the operator of Britain's biggest power station, has become the second energy company in as many days to issue a profit warning on the back of falling wholesale prices.

Obama Scores Third Court Victory in Air Pollution Fight

The Obama administration scored a third legal victory in less than a month in its fight to cut air pollution as regulators prepare rules to reduce emissions from power plants.

Ukraine refuses Russian demand for advance gas payment

Ukraine will not pay in advance for Russian gas at Gazprom's new, higher price, the Ukrainian Energy Minister Yuriy Prodan has said.

Lords: Fracking should be 'urgent priority' for UK

Regulated fracking should be an "urgent national priority", an influential group of Lords has said. Shale gas can bring "substantial benefits" to "the economy, to national energy security and to the environment", the Lords committee said.

More Chinese than Europeans identify themselves as environmentalists

China's massive pollution problems have given rise to a new force of environmental campaigners, with double the number of Chinese identifying themselves as environmentalists compared to Europe and the US, new research finds.

China refuses Vietnam's call to stop oil drilling

HANOI, Vietnam (AP) — Vietnam demanded China stop oil drilling operations in a disputed patch of the South China Sea, saying on Monday that Beijing's decision to deploy a deep sea rig over the weekend was illegal.

Side deals with Moscow thwart drive to wean Europe off Russian gas

(Reuters) - While officials in Brussels were calling for Europe to reduce its dependency on Russian natural gas and negotiate with Moscow as a bloc, Austria was quietly bypassing the European Commission to cut its own bilateral deal on building a pipeline.

Iraqi oil exports 2.512 million bpd in April: oil ministry

BAGHDAD, May 4 (Reuters) - Iraq's monthly oil exports reached 2.512 million barrels per day (bpd) in April, an oil ministry spokesman said on Sunday.

TransCanada Sees Job Cuts With Keystone Build Delayed

TransCanada Corp. (TRP) doesn’t expect to start building its proposed $5.4 billion Keystone XL pipeline this year, resulting in hundreds of job losses as construction contracts are wound down.

Petrobras Probing $32 Billion Refinery Projects Following Arrest

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, is probing contracts tied to the $32 billion construction of two refineries after its former head of refining was arrested for allegedly taking bribes.

UK solar farm subsidies to be cut

Subsidies paid to solar farms in the UK will come under review by ministers within weeks, Whitehall sources have told the Guardian.

Shell puts new Russian projects on hold after seizure of Crimea

Royal Dutch Shell has ruled out starting any new projects in Russia over the short-term following Vladimir Putin’s seizure of Crimea.

Nuclear Industry Gains Carbon-Focused Allies in Push to Save Reactors

Environmentalists and the nuclear industry are beginning a push to preserve old nuclear reactors whose economic viability is threatened by cheap natural gas and rising production of wind energy.

Fracking 'could generate £33bn and 64,000 jobs for UK'

Fracking could trigger a £33bn investment bonanza and create 64,000 jobs, promises a new report for the shale industry released on Thursday and part-funded by government.

Slovakia and Ukraine agree over gas supply

Slovakia and Ukraine have reached a deal that will allow gas from Central Europe to reach Ukraine via Slovakia.

Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub

Angola’s main port installed new cranes and provided more training to reduce its cargo unloading time by 80 percent as the government reviews a plan to build Africa’s biggest shipping terminal.

Iran petrol prices surge as subsidies cut

Iran has cut state subsidies on petrol in a move that saw prices rise at midnight by up to 75%. Reports said Iranians rushed to fill up their cars before the deadline.

El Nino Risk Increases as Pacific Gets Warmer: Carbon & Climate

The odds are increasing that an El Nino weather system will form this year, portending drought for Australia and Asia and a warmer winter in the U.S. Northeast.

Eight renewable energy projects approved

Eight major renewable energy projects, expected to support 8,500 jobs, have been given government approval.

Will the wind in Spain blow slower on the plain?

Since the time of Don Quixote, the winds have blown strongly across the Spanish plains. But these days, Cervantes' deluded hero would be more likely to go tilting at turbines rather than mills.

Saudi Feb. Oil Exports Up %3.5 as Iran, Iraq Leapfrogged

Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.

Russia writes off 90 percent of North Korea debt, eyes gas pipeline

(Reuters) - Russia's parliament has agreed to write off almost $10 billion of North Korea's Soviet-era debt, in a deal expected to facilitate the building of a gas pipeline to South Korea across the reclusive state.

Keystone Review Delay Draws Angry Reaction From Backers

The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.

Caroline Lucas cleared of anti-fracking protest charges

Caroline Lucas, the Green party MP, has been found not guilty of obstructing a public highway and a public order offence during high-profile anti-fracking protests.

Energy State Dems In Senate Races Split From Obama

CHARLESTON, W.Va. (AP) — Scrapping to keep a West Virginia Senate seat Democratic in a state that's sprinted to the right, Natalie Tennant is counting on her allegiance to the coal industry to separate herself from an unpopular President Barack Obama.

Pope Francis urged to back fossil fuel divestment campaign

Religious groups have urged Pope Francis to back a campaign to encourage millions of people, organisations and investors to pull their money out of the fossil fuel industry.

Germany outlook sours on Ukraine concerns

The outlook for Germany's economy is looking dimmer as tension in Ukraine continues.

UN urges huge increase in green energy to avert climate disaster

David Cameron's commitment to the green agenda will come under the fiercest scrutiny yet this week when top climate-change experts will warn that only greater use of renewable energy – including windfarms – can prevent a global catastrophe.

WTI Oil Rises to Five-Week High on Consumer Sentiment

West Texas Intermediate crude climbed to a five-week high as U.S. consumer confidence rose in April while gasoline demand grew. Brent’s premium to WTI shrank. WTI’s weekly advance was the biggest this year.

Essar Energy independent committee snubs Ruia buyout offer again

REUTERS - A buyout offer from India's billionaire Ruia family for Essar Energy Plc (LSE:ESSR.L - News) "materially undervalued" the company and its prospects, an independent committee set up to examine the offer said for a third time.

Energy efficiency timeout debated

COLUMBUS — Advocates for Ohio’s renewable energy and efficiency standards argued this week that it would be a mistake to throttle back on a market that is paying dividends.

British Gas must pay £5.6m for blocking firms from switching

British Gas has been ordered to pay £5.6m in compensation and fines for blocking businesses from switching suppliers and failing to tell others their contracts were ending, Ofgem said.

Ed Davey says an independent Scotland must fund its own energy projects

The energy secretary Ed Davey has rejected Scottish government calls for the UK to continue subsidising Scottish energy projects after independence, warning he would withdraw billions of pounds in investment.

Nigerian oil firm Seplat valued at £1.14bn in London IPO

Nigerian oil firm Seplat, the first ever company to be listed in both London and Lagos, was yesterday valued at over £1bn in its stock market debut.

Libyan rebels agree to reopen two oil terminals after deal

Two Libyan oil terminals have reopened, after rebels agreed partially to lift their oil blockade in a deal reached with the government.

Solar farms 'will not spread unrestricted across British countryside'

Solar farms must not spread unrestricted across the British countryside and become as controversial as onshore wind turbines, a minister warned on Friday. Instead, solar panels will be rolled out on millions of homes, businesses, schools and government buildings, said energy and climate change minister Greg Barker.

EU backs compromise on plane CO2 emissions

The EU will not levy a carbon emission tax on airlines when their planes are outside European airspace, the European Parliament has decided.

Anadarko Pays Billions in Settling Toxins Case

HOUSTON — A giant Texas oil company, Anadarko Petroleum, has agreed to pay $5.1 billion for a vast environmental cleanup, a sum the Justice Department said was the largest it had ever won in such a case.

Clegg blocks Cameron's plan for windfarm cap

Nick Clegg has blocked a proposal by David Cameron to restrict the construction of onshore windfarms, a Liberal Democrat source has said.

BP to close Australia refinery due to Asian competition

Oil giant BP says it will cease production at its Bulwer Island refinery in Brisbane, Australia, by 2015.

Gazprom hikes Ukraine gas price by a third

The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third. The company's chief executive Alexei Miller says the change was because Kiev has failed to pay its bills.

Spain's oil deposits and fracking sites trigger energy gold rush

Spain is already the world's largest olive oil producer but now it's looking to a very different kind of oil to pull it out of economic decline: petroleum.

Ukraine: a rich seam for gas firms despite crisis

The veteran Ukraine energy explorer, Paul Davies, said his JKX Oil & Gas business would continue its investment push into the country this year despite the Russian crisis.

White House Unveils Plans to Cut Methane Emissions

WASHINGTON — The Obama administration on Friday announced a strategy to start slashing emissions of methane, a powerful greenhouse gas released by landfills, cattle, and leaks from oil and natural gas production.

Economy Energy: Consumers Turning Off Big Six and Switching to Cut Price Energy Providers

In the wake of a UK competition inquiry into the "Big Six" energy companies, independent supplier Economy Energy reports a 45% increase in take up as customers scramble to find the best deals.

BP refinery leaks oil into Lake Michigan near Chicago

A BP refinery has spilled an undetermined amount of crude oil into Lake Michigan in the US. BP said a malfunction caused crude oil to enter the Whiting refinery's cooling water system, which discharges into the lake.

Spain's oil deposits and fracking sites trigger energy gold rush

Spain is already the world's largest olive oil producer but now it's looking to a very different kind of oil to pull it out of economic decline: petroleum.

£310m invested in UK wind turbines

Manufacturing giant Siemens and the UK's Associated British Ports are to invest a total of £310m in UK wind turbine factories, creating 1,000 jobs.

British foreign secretary calls for renewed focus on energy security

March. 24 (UPI) -- British Foreign Secretary William Hague said it was time for European leaders to get serious about energy diversity in response to the crisis over Ukraine.

U.S. Gas Rises to $3.5572 Per Gallon in Lundberg Survey

The average price for regular gasoline at U.S. pumps rose 4.74 cents in the past two weeks to $3.5572 a gallon, the highest since Sept. 20, according to Lundberg Survey Inc.

BP drawn into row over Russia's annexation of Crimea

BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.

Petrol prices at three-year low says AA

Petrol prices have fallen to their lowest in three years with the cheapest fuel sold in Yorkshire and the Humber, says the Automobile Association.

Energy boom to aid U.S. urban manufacturing jobs to 2020: report

(Reuters) - Energy-intensive manufacturing employment will increase by more than 1 percent a year in the United States through 2020, with 72 percent of those jobs going to metropolitan areas, according to a report released on Thursday.

French energy group Total expects prosecution for North Sea leak

French energy group Total said on Sunday it expects to be prosecuted over a large gas leak at a North Sea oil rig in 2012.

Energy costs will rise for an independent Scotland: Davey

LONDON (Reuters) - Energy costs are likely to rise for households in Scotland if the country becomes independent, Britain's Climate Change and Energy minister said on Tuesday.

EU looking to reduce need for Russian energy after Crimea vote, Britain says

(Reuters) - The European Union has begun discussing the need to reduce its reliance on Russian energy, British Foreign Secretary William Hague said on Monday.

Merkel Says Russian Trade Impact Limited as Industry Backs Curbs

Chancellor Angela Merkel won industry support as she stepped up her threat of sanctions against Russia, saying that Germany could withstand the economic impact of any measures taken.

Nasa-funded study: industrial civilisation headed for 'irreversible collapse'?

A new study sponsored by Nasa's Goddard Space Flight Center has highlighted the prospect that global industrial civilisation could collapse in coming decades due to unsustainable resource exploitation and increasingly unequal wealth distribution.

OPEC Production Surges as Iraq Pumps Most in 35 Years, IEA Says

OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency.

US lifts BP government contract ban

The US has lifted a ban on oil giant BP that prevented it from bidding for US government contracts.

Fracking is turning the US into a bigger oil producer than Saudi Arabia

Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm.

South Africa Oil-Stake Demand Risks Derailing New Industry

South Africa’s plans to muscle in on new oil and gas ventures threaten to derail a fledgling industry, undermining state efforts to safeguard energy security and curtail imports.

Hinkley Point decision delay is no surprise given the history

Anyone who has followed the saga of EDF’s Hinkley Point plans has long learnt to take its pronouncements on the project’s timescales with a healthy dose of salt.

Libya Vows to Block Tanker Attempt to Lift Oil in Rebel Port

Libya’s government vowed to prevent a tanker from leaving a rebel-held oil port as it struggles to reassert control over the nation’s main revenue source.

China's pollution levels spark boom in sale of air purifiers and face masks

Sales of air purifiers and face masks are booming in China as citizens attempt to protect themselves from the lung-choking smog that plagues many of the country's cities.

Chaori Solar in landmark Chinese bond default

Solar panel maker Shanghai Chaori Solar Energy Science & Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm. It is the first Chinese firm ever to default on its onshore corporate bonds.

'We want Scotland to stay in the UK': Shell boss Ben van Beurden steps into Scottish referendum debate

Oil giant Shell wants Scotland to remain part of the United Kingdom, its chief executive has said.

Argentina ordered to pay BG Group $185m

The US Supreme Court has ruled that Argentina must pay British company BG Group $185m for losses arising from the country's 2001-2002 economic crisis.

Where next for the UK nuclear industry?

Few subjects are as polarising as nuclear power. Supporters claim a new generation of nuclear plants is the most effective means of helping to reduce the UK's greenhouse gas emissions by 80% by 2050, while filling the 'energy gap' that will result from the decommissioning of old fossil fuel and nuclear power facilities in the 2020s.

Brent Crude Rises to Two-Month High on Ukraine

Brent crude surged to a two-month high amid escalating tension between Ukraine and Russia, the world’s largest oil producer.

Report hails international progress on climate change laws

Almost 500 laws to tackle climate change have been passed in countries which account for nine-tenths of global emissions, a study has found.

Iran's foreign minister: Nuclear program is peaceful

TEHRAN, Feb. 28 (UPI) -- Iranian Foreign Minister Mohammad Javad Zarif said the country plans to continue its nuclear energy program.

Energy firms told to return £400m from closed accounts

The "big six" energy firms have been told to hand back more than £400m owed to customers. Credit left in customer accounts when people and businesses move or switch suppliers has accumulated over the last six years, Ofgem said.

Achim Steiner: shale gas rush 'a liability' in efforts slow climate change

Shale gas could turn out to be "a liability" to global efforts limit climate change, the United Nations' top environmental official has warned.

Canada’s Energy Board Studying Keystone Pipe and Fittings

Canada’s National Energy Board is investigating whether some steel pipe and fittings on TransCanada Corp. (TRP)’s Keystone oil pipeline are below standards.

Japan plan keeps nuclear as key energy source

TOKYO (AP) -- Japan unveiled its first draft energy policy since the Fukushima meltdowns three years ago, saying nuclear power remains an important source of electricity for the country.

UK oil and gas industry revamp to add £200bn to economy

The UK government will fast-track the implementation of retired businessman Sir Ian Wood's recommendations for maximising the UK's remaining offshore oil and gas resources.

Nuclear leaks bill will be paid by taxpayer

The private consortium that will manage the decommissioning of Britain's ageing Magnox nuclear reactors will not be held financially liable if they suffer a major radioactive incident – even if it costs billions of pounds to clear up, it has emerged.

WTI Crude Slips With Brent to Pare Sixth Weekly Advance

West Texas Intermediate crude fell, paring a sixth consecutive weekly gain, on speculation prices have climbed more than justified as the heating season nears its end.

Noble Energy plans to sell China oilfield stake - source

Feb 21 (Reuters) - Noble Energy Inc has hired investment bank Lazard Ltd to help arrange the sale of its majority stake in a small oilfield that it owns with Sinopec off northeastern China, a person familiar with the situation said.

Threats to energy companies risk 'the lights going out', warns Centrica chief

Centrica, the owner of British Gas, has warned that the intense political debate over gas and electricity prices has put Britain at risk of blackouts as soon as next year.

Ecuador pursued China oil deal while pledging to protect Yasuni, papers show

The Ecuadorian government was negotiating a secret $1bn deal with a Chinese bank to drill for oil under the Yasuni national park in the Amazon while pursuing a high-profile scheme to keep the oil under the ground in return for international donations, according to a government document seen by the Guardian.

Energy crisis saps power from South African economy: experts

Port Elizabeth (South Africa) (AFP) - The South African economy, the biggest in Africa and a top emerging market, is being held back badly by a crisis at the sclerotic state-owned electricity provider Eskom, experts say.

Water shortages could disrupt Britain's electricity supply, researchers warn

Parts of Britain may be under water after the worst floods in half a century, but a team of top academics from Newcastle and Oxford University is warning that the country is at risk of water shortages that could shut down power stations and paralyse electricity supplies.

Japan Wind Lobby Says Environment Assessments Curbing New Work

TOKYO -- Japan’s effort to obtain more power from wind turbines is being held up by requirements for developers to conduct environmental impact assessments, undermining government support for the industry, a lobby group said.

Leaks in Natural Gas System Seen Exceeding EPA Estimate

A study funded by a foundation tied to the pioneer of hydraulic fracturing found methane leaks from drilling and transporting natural gas are greater than U.S. estimates, undercutting the fuel’s climate benefits.

Energy companies make concessions after 800,000 customers leave 'big six'

The scramble to win new energy customers amid growing complaints about the "big six" power companies intensified on Friday with an independent supplier cutting its prices and one of the large providers promising to pay back annual credit balances.

Solar lasers, ocean power and volcanoes: unusual energy sources of the future

(CNN) -- Fossil fuels are going to run out. This much we know. No one is entirely certain when they will run out exactly, but we know it will happen eventually.

OPEC Oil Output Rises as Group Sees More Demand Growth

OPEC crude production gained for a second month in January as the group boosted its forecast for global oil-demand growth this year.

Wind of change sweeps through energy policy in the Caribbean

Aruba in the southern Caribbean has 107,000 people, a lot of wind and sun and, until very recently, one very big problem.

Germany’s Clean-Energy Plan Faces Resistance to Power Lines

BERLIN — Germany’s resolve to embrace a clean-energy future may soon face another test of not-in-my-backyard public resistance.

INSIGHT-Nuclear deal heightens tension between Iran president and Guards

BEIRUT, Feb 9 (Reuters) - The article on Iran's semi-official Fars news agency appeared routine: the minister of roads and urban development said the ministry does not have a contract with construction firm Khatam al Anbia to complete a major highway heading north from Tehran.

Energy futures rise broadly as demand increases

Energy futures rose broadly Friday on signs that demand for fuel was increasing. Metals prices were little changed and crop futures were mixed.

European parliament votes for stronger climate targets

The European parliament voted on Wednesday to require member states to meet binding national targets on renewable energy, energy efficiency and greenhouse gas emissions.

Centre for Global Energy Studies Says Closing After 24 Years

The Centre for Global Energy Studies, a consulting firm founded by a former Saudi Arabian oil minister, said it’s closing after 24 years.

BP rules out UK shale gas drilling – for now

BP has ruled itself out of drilling for shale gas in the UK, at least for now – indicating it fears its damaged safety record from the Gulf of Mexico spill would make it a target for protesters.

Fukushima Wash-Up Fears in U.S. Belie Radiation Risks: Energy

Seaborne radiation from Japan’s wrecked Fukushima nuclear plant will wash up on the West Coast of the U.S. this year.

Parched, California Cuts Off Tap to Agencies

LOS ANGELES — Responding to one of the worst droughts in California’s history, state officials announced on Friday that they would cut off the water to local agencies serving 25 million residents and about 750,000 acres of farmland.

Natural Gas Futures Drop on Outlook for Milder February Weather

Natural gas fell for a second day in New York as forecasts for milder weather in February signaled reduced demand for heating fuel.

Iran dismisses Barack Obama's claim that sanctions prompted nuclear talks

Iran has said comments in Barack Obama's State of the Union speech about how sanctions linked to its nuclear programme had forced Tehran to the negotiating table were "unrealistic and unconstructive".

Keystone Report Said Likely to Disappoint Foes on Climate

The U.S. State Department is preparing a report that will probably disappoint environmental groups and opponents of the Keystone pipeline, according to people who have been briefed on the draft of the document.

Royal Dutch Shell 'changing emphasis' as profits fall

Oil giant Royal Dutch Shell is stepping up asset disposals as part of a strategy that will see the company "changing emphasis" in 2014.

Fracking firms 'should pay £6bn a year tax to compensate for climate change'

Shale frackers operating in Britain should be paying £6bn a year in taxes by the middle of the 2020s to compensate for the damage wreaked on the environment, according to a study from Cambridge University.

China’s Premier Li Says Governments Should Use New-Energy Cars

Chinese Premier Li Keqiang said governments should take a leading role in promoting alternative energy-powered vehicles, according to a statement posted on the central government’s website yesterday.

Oil price volatility undermines economic growth, says Sir David King

Governments need to deter oil speculators, set aside reserves of crude oil and take steps urgently to reduce their dependence on fossil fuels in order to escape price volatility that undermines stable economic growth, according to a report co-authored by one of Britain's top scientists.

Crude Falls First Time in Five Days on Emerging Economies

West Texas Intermediate crude fell for the first time in five days as equities declined on concern that growth in emerging economies will slow, reducing fuel use.

Russia to double oil, gas flows to Asia by 2035

MOSCOW: Russia plans to at least double its oil and gas flows to Asia over the next 20 years, a draft of its energy strategy showed on Friday, part of a pivot away from export routes to Europe.

Davos: Fracking to boost UK economy, David Cameron says

Shale gas extraction through fracking can boost the economy and encourage businesses to come back to the UK, Prime Minister David Cameron has said.

Iran extends energy olive branch to West

Davos (Switzerland) (AFP) - Iran on Thursday stepped up its efforts to woo investors and normalise its relations with the West with an offer to help create a new multilateral body tasked with stabilising global energy supplies.

Big Six energy provider RWE halves investment in renewables

RWE, one of Britain's biggest renewable energy investors, is planning to significantly scale back its spending in the UK and expects to sell off wind farms and a major biomass plant.

Oil demand to rise as global economy recovers, energy watchdog says

Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the United States reaches record highs, the west's energy watchdog said on Tuesday.

EU wants common rules for shale gas 'fracking'

BRUSSELS: The European Commission wants EU member states to accept common environment and health rules if they use controversial 'fracking' to develop shale gas resources.

Cut carbon emissions by 40% in 16 years, Ed Davey tells EU

Ed Davey, the energy secretary, has called on EU heads of state to endorse a target to cut greenhouse gas emissions by 40% by 2030, but reject a specific binding renewables target.

EU carbon dips after hitting two-week high

LONDON: European carbon prices were on course to end a three-day bull-run on Wednesday as traders sold permits shortly after prices broke above 5 euros for only the second time this year.

Japan's Toshiba to buy 60% stake in UK nuclear venture

Japan's Toshiba has agreed to buy a controlling stake in UK nuclear venture NuGeneration, which aims to build three power plants in north-west England.

Renewable energy firms 'looking to hire more staff'

More than half of companies working in the renewable energy sector in Scotland are looking to hire staff this year, according to a survey.

Big Oil joins U.K. shale gas hunt

Total has become the first major energy company to invest in the U.K's budding shale industry as the country prepares to exploit its unconventional gas reserves.

Libya oil crisis exacerbated by push for autonomy

TRIPOLI: Libya is suffering a profound economic and political crisis, running out of cash because autonomy-seekers are blocking key oil exports, while a movement is afoot in congress to unseat the fragile government.

Wind power was Spain's top source of electricity in 2013

Remarkable new figures from Spain's grid operator have revealed that greenhouse gas emissions from the country's power sector are likely to have fallen 23.1% last year, as power generation from wind farms and hydroelectric plants soared.

China Crude Imports Rise to Record High as New Refineries Start

China, which consumes more oil than any country except the U.S., boosted net crude imports to a record high last month as two new refineries prepared to begin operations.

Nuclear Decommissioning Authority axes commercial director role

The role of commercial director of the much criticised public body overseeing the cleanup of Britain's old nuclear power stations has been axed amid a wider management shakeup.

Canadian Freight Train Catches Fire After Jumping Rails

A Canadian National Railway Co. (CNR) train carrying crude oil and propane derailed in the eastern province of New Brunswick and sparked a blaze that was still burning more than 12 hours after the accident.

Natural gas prices surge on cold snap

Natural gas prices surged and demand reached an all-time high Tuesday as the coldest weather in decades descended upon much of the United States.

Western Sahara dispute dims Morocco's solar dreams

RABAT (Reuters) - A Moroccan solar project worth some $9 billion (6.6 billion euros) aimed at turning desert sun into lucrative power exports to Europe could be at risk as international lenders balk at plants planned for the disputed Western Sahara.

BP wins first Greenland drilling concession despite chequered record

BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.

ScottishPower to cut energy bills by 3.3pc in wake of government green levy deal

Energy giant ScottishPower is preparing to cut household bills by 3.3pc, becoming the fourth major supplier to pass on savings from the Government’s deal to cut green levies, The Telegraph has learnt.

German Power Costs Seen Dropping for Fourth Year: Energy

Power prices in Germany, Europe’s biggest electricity market, probably will weaken for a record fourth consecutive year as utilities add the most coal-fired capacity in more than a decade.

UK opposition to new EU green energy targets could risk 'half a million jobs'

Over half a million new jobs over the next two decades could be at risk from the UK's opposition to new EU targets for green energy, according to a leaked official report from the European commission.

Simpler energy tariffs will 'restore confidence'

London (AFP) - Reforms to energy tariffs aimed at creating a simpler market will help restore consumer confidence, regulator Ofgem said on Thursday.

Iran nuclear agreement will mean expanded role for IAEA

The Iran nuclear accord agreed in Geneva this weekend will rely heavily on the International Atomic Energy Agency to make it stick, requiring more inspectors to carry out many more visits.