BP Returns to Profitability and Raises Dividend

LONDON — BP returned to profitability with a better-than-expected third-quarter profit, prompting the oil giant to raise its dividend.

French supermarket uses Paris canals to reduce fuel costs

Franprix has become the first French supermarket to reinstate waterway deliveries to the heart of Paris, with the aim of bypassing traffic-choked roads and saving costs.

EDF to raise gas and electricity prices by 10.8%

EDF Energy customers will see a 10.8% rise in gas and electricity prices from 7 December, the company has announced.

Solar islands floated as clean energy source for crowded continents

Global consultancy and certification firm DNV has unveiled designs for floating solar arrays that could rival offshore wind farms.

Oil Set for Second Weekly Drop on Demand Outlook, Supply

Oil in New York rebounded after better-than-forecast U.S. economic figures fueled speculation that energy demand in the world’s largest crude user will increase. Futures rose as much as 0.3 percent after earlier dropping as much as 1.2 percent.

Good News Britain: North Sea tax break helps UK energy security

Industry body Oil & Gas UK on Talisman Energy's decision to invest £1.6bn in extending the life of fields in the North Sea.Oil & Gas UK is delighted to hear that the Government has approved Talisman's £1.6bn MonArb Area Redevelopment Project.

Russia's energy giant Gazprom launches production at world's largest natural gas fields in Arctic

Russia's energy giant Gazprom launched production on Tuesday at one of the world's largest natural gas fields originally discovered some 40 years ago in the frozen and hitherto inaccessible Arctic.

Renewables industry says projects displacing CO2 emissions

The renewable energy industry has published figures which, it claims, show Scotland is producing enough low carbon electricity to offset emissions from Longannet power station in Fife.

Rosneft to Buy TNK-BP in $55 Billion Deal

The Russian state-owned energy company Rosneft reached agreements on Monday worth a combined $55 billion that will give it control of TNK-BP, a joint venture parted owned by the British energy giant BP.

Energy policy negotiated as coalition leaders meet to discuss green agenda

Senior coalition figures meet on Wednesday for crisis talks about the UK's stalling energy investment program amid growing political concern about the rising cost of customer bills and threats by power station companies to pull out of the UK because of delays.

Colombia Bets on Shale as Peace Talks Open Oil Frontiers

Colombia, the fastest-growing major oil producer in Latin America in the past five years, is looking to join the global shale boom as it expands exploration in areas once dominated by guerrilla groups.

U.N. nuclear chief rejects Iran "saboteurs" accusation

LONDON (Reuters) - The U.N. nuclear chief said on Wednesday that Iran's allegation his agency may have been infiltrated by saboteurs was baseless and voiced concern about "intensive activities" at the Parchin military installation that his inspectors want to examine.

Oil giant may need EGM over TNK-BP sale

BP could be forced to hold its first extraordinary general meeting in more than a decade to gain approval for selling out of TNK-BP.

Germans face hefty bill to end nuclear power

BERLIN (AP) — There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.

Business bosses attack George Osborne's policy of 'dash for gas'

George Osborne was increasingly isolated over energy policy last night, after the head of the CBI said that too much reliance on gas as a future source of energy would leave consumers and businesses dangerously exposed to further sharp price rises on global markets.

Nigerian villagers sue Shell in landmark pollution case

THE HAGUE: Four Nigerian villagers took Royal Dutch Shell to court on Thursday in a landmark pollution case that campaigners said could open the door to more compensation claims against international companies.

Delay in signing Hull Green Port wind turbine factory deal

The signing of a deal to build a £210m wind turbine factory in a Hull dock has been delayed until 2013.

Mitt Romney champions coal – but Americans turned on by natural gas

Mitt Romney hit the campaign trail in Ohio and Virginia this week accusing Barack Obama of waging war on coal.

Gas power 'is undermining energy sector'

Businesses have urged the Government to set a target of slashing carbon emissions from the power sector by 2030 to stimulate investment that will drive growth.

Government warned that investors could pull plug on green energy

LONDON/PARIS (Reuters) - A group of seven multinational companies has told the British government that they could halt their investment in the UK green energy sector if state support for renewable energy wanes.

Iran denies offering new '9-step plan' on nuclear programme impasse

DUBAI: Iran denied on Saturday a US media report that it had offered a " nine-step plan" aimed at solving its stand-off with the West over its disputed nuclear programme.

Power shortage risks by 2015, Ofgem warns

Britain risks running out of energy generating capacity in the winter of 2015-16, according to the energy regulator Ofgem.

Glut of Solar Panels Poses a New Threat to China

BEIJING — China in recent years established global dominance in renewable energy, its solar panel and wind turbine factories forcing many foreign rivals out of business and its policy makers hailed by environmentalists around the world as visionaries.

UK is haring off down the wrong path on new nuclear power plants

Sir Bernard is an avid supporter of new nuclear build, so the answer he invites – no – is all the more significant.

Oil up slightly after positive US economic reports

BANGKOK (AP) — Oil prices rose slightly Thursday after positive U.S. economic reports offset some of the pessimism about global growth prospects.

Overcoming challenges of Arctic oil drilling

Energy giants are investigating the potential riches in the Arctic region, but one has already broken ranks.

Analysis: Threatened duties push China solar firms offshore

(Reuters) - Chinese solar companies are being forced to speed up plans to move a big chunk of their manufacturing offshore as Europe looks increasingly likely to join the United States in implementing duties on imports of Chinese-made solar equipment.

Barack Obama blocks Chinese bid for US windfarm on national security grounds

President Barack Obama has blocked a privately-owned Chinese company from building wind turbines close to a Navy military site in Oregon due to national security concerns.