Saturday, May 31, 2014

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.

Friday, May 30, 2014

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.

Thursday, May 29, 2014

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.

Wednesday, May 28, 2014

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?

Tuesday, May 27, 2014

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.

Monday, May 26, 2014

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.

Sunday, May 25, 2014

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.

Saturday, May 24, 2014

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.

Thursday, May 22, 2014

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.

Monday, May 19, 2014

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.

Sunday, May 18, 2014

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.

Saturday, May 17, 2014

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.

Friday, May 16, 2014

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.

Thursday, May 15, 2014

Wednesday, May 14, 2014

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.

Tuesday, May 13, 2014

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.

Monday, May 12, 2014

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.

Sunday, May 11, 2014

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.

Saturday, May 10, 2014

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.

Friday, May 9, 2014

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.

Thursday, May 8, 2014

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.

Wednesday, May 7, 2014

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.

Tuesday, May 6, 2014

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.

Monday, May 5, 2014

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.

Sunday, May 4, 2014

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.

Saturday, May 3, 2014

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.

Friday, May 2, 2014

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.

Thursday, May 1, 2014

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.