Sunday, November 30, 2014

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.

Saturday, November 29, 2014

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.

Friday, November 28, 2014

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.

Thursday, November 27, 2014

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.

Wednesday, November 26, 2014

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.

Tuesday, November 25, 2014

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.

Monday, November 24, 2014

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.

Sunday, November 23, 2014

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).

Saturday, November 22, 2014

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.

Friday, November 21, 2014

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.

Thursday, November 20, 2014

Wednesday, November 19, 2014

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.

Tuesday, November 18, 2014

'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.

Monday, November 17, 2014

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.

Sunday, November 16, 2014

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.

Saturday, November 15, 2014

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.

Friday, November 14, 2014

Thursday, November 13, 2014

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".

Wednesday, November 12, 2014

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.

Tuesday, November 11, 2014

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.

Monday, November 10, 2014

Friday, November 7, 2014

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.

Thursday, November 6, 2014

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.

Wednesday, November 5, 2014

Tuesday, November 4, 2014

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.

Monday, November 3, 2014

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.

Sunday, November 2, 2014

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.

Saturday, November 1, 2014

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.