Other News

New Czech firm backs thermal power

New Czech firm backs thermal power

A privately owned Czech company is making its mark in the European energy market, with a series of acquisitions of older coal, gas and lignite power plants. EPH, founded eight years ago, takes over older thermal plants that generate electricity through steam from larger companies that are diversifying their methods […]

China’s Sinopec sues Venezuela

China’s Sinopec sues Venezuela

Venezuela’s state oil company PDVSA has been sued by Sinopec USA in a US court after it claimed it did not receive full payment for an order of steel rebar. Sinopec USA, a subsidiary of Chinese oil and gas conglomerate Sinopec, is demanding $23.7 million for breach of contract and […]

France accelerating shift from nuclear power

France accelerating shift from nuclear power

French junior environment minister, Brune Poirson, has said France will decrease the share of nuclear energy in its electricity mix as soon as possible. In November, the French government withdrew its legal target to decrease the share of nuclear to 50% by 2025 from 75% today, set by the previous […]

Trump to free land for coal projects

Trump to free land for coal projects

President Trump has reduced the size of two national monuments in Utah in an act to create job opportunities and economic growth for the region by removing restrictions and encouraging development on public land. In the largest cutback of federal land protection in America’s history, Trump has reduced Bears Ears […]

US and Saudi Arabia to work together on clean coal technology

US and Saudi Arabia to work together on clean coal technology

US Energy Secretary Rick Perry has struck an agreement with Saudi Arabia to work on clean fossil fuel projects to help burn coal more efficiently. The deal was struck through a memorandum of understanding (MOU), during Perry’s latest trip to Saudi Arabia, in an agreement to advance technologies that allow […]

Select committee urges watchdog to investigate SSE and Npower merger

Select committee urges watchdog to investigate SSE and Npower merger

The Business, Energy and Industrial Strategy (Beis) Committee has urged the UK’s monopoly watchdog to investigate the planned merger between SSE and Npower. The committee is concerned that the merger between the second and sixth largest energy suppliers would reduce competition in the market and have a negative effect on […]

OPEC output fell by 300,000bpd in November

OPEC output fell by 300,000bpd in November

According to a new Reuters survey, OPEC’s oil output dropped by 300,000 bpd in November – the bloc’s lowest levels since May. A number of factors contributed to this, including pressure from a fall in output from Angolan and Iraqi producers, as well as strong compliance with OPEC’s supply cut […]

US energy companies to benefit from tax reforms

US energy companies to benefit from tax reforms

US energy companies are expected to benefit from a revision of the tax code, which was pushed through the Senate over the weekend. The reform will include $1.4 trillion in tax cuts as well as a lower corporate rate, down from 35% to 20%, in a move that will mean […]