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UK PM urged to act of high energy costs

UK PM urged to act of high energy costs

Prime Minister Theresa May has come under further pressure to do more to reduce energy costs after the government’s own regulator said it was powerless to cap energy bills. In an interview with the FT, industry heavyweight and Ofgem Chief Executive Dermot Nolan said without new Government legislation “there would […]

US coal exports and production rise significantly

US coal exports and production rise significantly

US coal exports have risen exponentially statistics show. US coal exports to France increased 214% in the first quarter of 2017, to Germany by 94% and to the UK by 282%. Overall weakly coal production under the new US administration has increased by 14.5% and exports have increased by 58%. […]

UK to close major natural gas storage site

UK to close major natural gas storage site

The UK’s largest natural gas storage site is due to be closed, in a move which will raise serious questions about the security of the UK’s energy supply. Centrica announced that it would be closing its Rough storage site off the Yorkshire coast in June. The Energy & Utilities Alliance […]

BP welcomes two new major projects

BP welcomes two new major projects

Two of BP’s major oil assets have started production, in a move welcomed by the company’s executives. The two latest projects are the Juniper project in Trinidad and the Persephone project in Australia. The two latest projects comes after the launch of the Quad 204 redevelopment West of Shetland, the […]

Australian coal industry invests in modern coal technology

Australian coal industry invests in modern coal technology

The Australian coal industry is set to invest Aus $255 million into research into modern, more efficient coal technology. Funding will be extended for the Coal21 fund – which develops and researches modern coal technology. Finances in part come from a levy on coal mining production by major companies. Examples […]

FILE - This Wednesday, Sept. 21, 2016, file photo shows Exxon Mobil's Billings Refinery in Billings, Mont. Exxon Mobil Corp. is reporting fourth-quarter profit of $1.68 billion on Tuesday, Jan. 31, 2017. (AP Photo/Matthew Brown, File)

Shell and Exxon Mobil censured by Dutch advertising watchdog

Shell and Exxon Mobil are to be censured by the Dutch advertising watchdog over misleading claims about gas. This is the second time that the watchdog has ruled against the companies attempting to portray gas as a clean fuel, also ruling against Statoil in June. Exxon and Shell had dubbed […]

Government summons industry players to offer reassurances

Government summons industry players to offer reassurances

Key industry players have been called in by the Government to discuss the government’s plans to secure the UK’s energy supply. The government wishes to reignite interest in small modular nuclear reactors (SMRs) a scheme which has floundered recently. The government announced the idea of two years ago but has […]

Renewables will create increased price volatility – energy market specialist

Renewables will create increased price volatility – energy market specialist

A leading energy market specialist has produced forecast data which shows energy prices, and the volatility of energy prices increasing as the share of renewables in the energy mix increases. The data, processed by Berlin based, Energy Brainpool is from national targets and the World Energy Outlook 2016 from the […]