Sunday, August 31, 2014

Saturday, August 30, 2014

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.

Friday, August 29, 2014

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.

Thursday, August 28, 2014

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.

Wednesday, August 27, 2014

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.

Tuesday, August 26, 2014

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.

Monday, August 25, 2014

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.

Sunday, August 24, 2014

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.

Saturday, August 23, 2014

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.

Friday, August 22, 2014

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).

Thursday, August 21, 2014

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%.

Sunday, August 17, 2014

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.

Saturday, August 16, 2014

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.

Thursday, August 14, 2014

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.

Wednesday, August 13, 2014

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.

Tuesday, August 12, 2014

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.

Monday, August 11, 2014

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.

Sunday, August 10, 2014

Saturday, August 9, 2014

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.

Friday, August 8, 2014

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.

Thursday, August 7, 2014

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.

Wednesday, August 6, 2014

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.

Tuesday, August 5, 2014

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.

Monday, August 4, 2014

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.

Sunday, August 3, 2014

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.

Saturday, August 2, 2014

'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.

Friday, August 1, 2014

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.