Other News

Chinese ships caught moving illegal North Korean coal

Chinese ships caught moving illegal North Korean coal

China has been found violating United Nations sanctions on North Korea by transporting shipments of oil and coal from the country run by Kim Jong Un. According to a report from US intelligence, six Chinese ships have been found, through satellite imagery and other intelligence, to have violated the UN […]

BP to boost Kurdish production

BP to boost Kurdish production

Three months after Baghdad reclaimed disputed land from the Kurdistan Regional Government (KRG), BP is has signed an agreement with Iraq to increase levels of production from the Kirkuk oilfield. Oil Minister Jabar al-Luaibi and BP’s president for the Middle East region, Michael Townshend, signed a memorandum of understanding at […]

UK green investments halve

UK green investments halve

Investment into green energy plummeted for the second year in a row as a result of the confusion within government over its energy policies. According to Bloomberg New Energy Finance, investment into wind, solar and other renewables declined by 56% to £7.5 billion in the UK. Alan Whitehead, shadow energy […]

65 billion boe to become available after US expansion

65 billion boe to become available after US expansion

Senior analysts at Rystad Energy have predicted that the Trump administration’s decision to expand drilling in its offshore reserves could make 65 billion barrels of oil equivalent available for exploration and production. Sonia Passos, Rystad senior analyst, “Looking purely at areas that are potentially going to come out of restriction, […]

Norway grant 75 exploration leases

Norway grant 75 exploration leases

Norway has awarded a record number of new offshore oil exploration leases during its latest round of bidding. Amongst others, Statoil, BP, Shell and Total were awarded exploration licenses that comprised 45 in the North Sea, 22 in the Norwegian Sea and 8 in the Barents Sea, totaling 75 won […]

Energy experts praise planned US-led “Clean Coal Alliance”

Energy experts praise planned US-led “Clean Coal Alliance”

Industry experts have come out to support America’s planned “Clean Coal Alliance”, which is aimed at sharing carbon capture and storage (CCS) and high efficiency, low emission (HELE) technologies with countries around the world. In November 2017, White House Adviser George David Banks promoted low carbon fossil fuels as the […]

Wood burning energy worse for the environment than coal

Wood burning energy worse for the environment than coal

Researchers from MIT Sloan School of Management have said that wood pellets used in power plants across Europe and the UK emit more CO2 per kilowatt hour than coal. Power plants, such as the Drax facility in North Yorkshire, have recently been converting their coal capacity to wood pellets with […]

Venezuela’s crude sales to US lowest since 1991

Venezuela’s crude sales to US lowest since 1991

According to Thomson Reuters trade flows data, crude oil sales from Venezuela to the US dropped in December for the second consecutive month, which brought the annual average to 593,047 barrels per day (bpd) – the lowest since 1991. The economic recession in the country has entered its fifth year, […]