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The Times: coal is vital for global energy mix

The Times: coal is vital for global energy mix

A leading UK newspaper has recognised the global coal industry as a crucial component of the world’s energy mix and is vital in providing power for developing economies. The article recognises the vital role coal plays in the world’s energy mix, contributing one third of all energy used and 40% […]

Trump’s budget proposal boosts carbon capture & storage efforts

Trump’s budget proposal boosts carbon capture & storage efforts

The White House has released a budget proposal to significantly increase funding for research and development for cleaner technologies within the fossil fuel industry. Rick Perry, US Secretary of Energy, said: “I think everybody who is in touch with reality will tell you that fossil fuels are going to continue […]

Merkel counters Poland’s concerns over Nord Stream 2

Merkel counters Poland’s concerns over Nord Stream 2

Germany’s Chancellor Angela Merkel has said she does not see Nord Stream 2, a gas pipeline between Russia and Berlin, as a threat to energy diversification – countering Poland’s views on the proposed project. Polish Prime Minister Mateusz Morawiecki has reached out to the US to impose sanctions on the […]

The comeback of the Zimbabwean mining industry

The comeback of the Zimbabwean mining industry

The recent fall of Robert Mugabe is setting the scene for a return of the mining industry in Zimbabwe, led by Andrew Groves and his long-term business partner and former England cricketer Phil Edmonds. Grove is preparing to re-list the partnership’s Zimbabwe coal, chrome and gold assets in London via […]

China and Scotland to work together on offshore technology

China and Scotland to work together on offshore technology

Leading oil and gas research organisations from Scotland are to travel to China to share knowledge, fortify ties and increase business. A delegation from the Royal Society of Edinburgh (RSE), the Oil and Gas Innovations Centre (OGIC) and DataLab will travel to meet innovation leaders in Beijing to look at […]

Trump signs landmark CCUS legislation

Trump signs landmark CCUS legislation

Last week US President Trump signed a piece of landmark legislation that will encourage the development of the next generation of clean carbon technologies to help fight climate change. The bill passed includes the 45Q tax credits for carbon capture, which could significantly improve the country’s reduction of greenhouse gases, […]

Russia: Exiting the OPEC deal could take 5 months

Russia: Exiting the OPEC deal could take 5 months

Alexander Novak, Russia’s energy minister, has said it could take between 2 to 5 months to unwind the OPEC-led output cut, if it were to be agreed. Late last year, a deal was struck between global producers to reduce oil supplies in 2018, although the agreement is up for review […]

Forties closure has major impact on UK production

Forties closure has major impact on UK production

Recent data from the Office for National Statistics shows that last year’s closure of the Forties Pipeline System had a major impact on UK output and caused the mining and quarrying sector to reduce by nearly 20%. The closure also led to the largest monthly fall since 2012, with statistics […]