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Embargoed to 0001 Tuesday November 3 File photo dated 27/08/14 of a sign outside the Foreign and Commonwealth Office in London, as a report has recommended that cuts to diplomatic budgets must be halted and ringfenced funding levels set amid fears over Britain's diminishing role on the world stage.

FCO refocuses attention on trade from climate change

The UK has halved the number of foreign office staff dedicated to climate change policy, signalling a shift in priorities to focus on trade. New figures uncovered by the British Labour party highlight how full-time Foreign and Commonwealth Office (FCO) staff with climate briefs has dropped by 46 per cent […]

China continues investing in Pakistan’s energy and infrastructure

China continues investing in Pakistan’s energy and infrastructure

Chinese investment in Pakistan has been revised upwards to $62 billion. The investment is designed to build large industrial and infrastructure projects including new coal power plants. Pakistan has over 175 billion tonnes of coal. Much of the coal present in Pakistan is brown coal which is inferior to more […]

ca. 1986-1996 --- North Sea Oil Rig at Sunset --- Image by © Michael St. Maur Sheil/CORBIS

Record amounts of North sea oil sent to Asia

There has been a huge increase in north sea oil sales to markets in Asia, figures have disclosed. Records were broken in April as over 540,000 north sea barrels per day were being sent to Asia. So far in 2017 over 42 million barrels of North sea oil has been […]

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MPs slam lack of action over carbon capture in UK

A report by an influential committee of UK MPs has revealed that the decision to cancel carbon capture and storage (CCS) projects will cost the country billions by 2040. The Public Accounts Committee found that the decision to cancel £1 billion in investment as part of George Osborne’s final budget […]

Nigerian Government looks to increase coal capacity

Nigerian Government looks to increase coal capacity

The Nigerian government has pledged to support investment in coal power generation plants. The Minister of Solid Minerals and Steel Development, Dr. Kayode Fayemi said that the Niigerian government is looking for investment partners to create 500 mega watt power plants to boost energy generation for high energy industries. It […]

Australia and United States will continue to use all forms of energy

Australia and United States will continue to use all forms of energy

Australian Energy Minister Josh Frydenberg has reaffirmed Australia’s intention to use all types of energy to ensure energy security. Frydenberg stressed the need for a mixture of energy options saying: “Today we can rely on renewables alone no more than we can rely on fossil fuels alone.” In his speech […]

Total profits rise 56% in first quarter

Total profits rise 56% in first quarter

Total has seen its year on year net income rise 56% to $2.6 billion in quarter 1of 2017. The upsurge in profits come from “good operational performance and a steadily decreasing breakeven” oil price. Specifically decisions to pursue operations the Moho Nord field in Congo and the Vaca Muerta formation […]

US needs a renegotiated position in the Paris Agreement – Perry

US needs a renegotiated position in the Paris Agreement – Perry

US energy Secretary Rick Perry has said that he believes America’s part in the Paris climate change agreement needs to be renegotiated. Speaking at the Bloomberg New Energy Finance conference in New York on Tuesday Perry said: “I’m not going to tell the president of the United States to walk […]