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.
Monday, March 31, 2014
Sunday, March 30, 2014
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.
Saturday, March 29, 2014
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.
Friday, March 28, 2014
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.
Thursday, March 27, 2014
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.
Wednesday, March 26, 2014
£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.
Tuesday, March 25, 2014
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.
Monday, March 24, 2014
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.
Sunday, March 23, 2014
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.
Saturday, March 22, 2014
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.
Friday, March 21, 2014
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.
Thursday, March 20, 2014
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.
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Wednesday, March 19, 2014
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.
Tuesday, March 18, 2014
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.
Monday, March 17, 2014
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.
Sunday, March 16, 2014
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.
Saturday, March 15, 2014
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.
Friday, March 14, 2014
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.
Thursday, March 13, 2014
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.
Wednesday, March 12, 2014
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.
Tuesday, March 11, 2014
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.
Monday, March 10, 2014
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.
Sunday, March 9, 2014
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.
Saturday, March 8, 2014
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.
Friday, March 7, 2014
'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.
Thursday, March 6, 2014
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.
Wednesday, March 5, 2014
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.
Tuesday, March 4, 2014
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.
Monday, March 3, 2014
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.
Sunday, March 2, 2014
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.
Saturday, March 1, 2014
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.
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