Politics

No-deal Brexit could mean lights out for NI

No-deal Brexit could mean lights out for NI

In the case of a no-deal Brexit, the UK Government could be forced to implement extreme new measures to ensure there is enough power in Northern Ireland, by reducing electricity usage and creating energy generation capacity. If the current all-Ireland single electricity market cannot be kept operational in the event […]

US govt agency steps in to fund Kosovo coal plant as World Bank pulls out

US govt agency steps in to fund Kosovo coal plant as World Bank pulls out

London based power company ContourGlobal has confirmed its commitment to build a 500-megawatt (MW) coal power plant in Kosovo, despite the World Bank refusing to provide funding for the project that could provide a rise in economic growth for the Balkan country. On Wednesday, the World Bank announced it would […]

BP chief: US sanctions on Russian oil would damage Europe

BP chief: US sanctions on Russian oil would damage Europe

BP chief executive Bob Dudley has said further US sanctions on Russian oil and gas companies could have severe implications for energy systems in Europe. At the Oil and Money 2018 event in London the CEO of BP, which holds just under 20% of Rosneft, said: “I do not think […]

EU establishes body to trade with Iran

EU establishes body to trade with Iran

The European Union has created a special-purpose body that will deal with transactions that include Iranian oil and European goods in a bid to avoid the latest round of US sanctions on the Middle Eastern nation. In a statement at the UN, the EU’s head of foreign policy Federica Mogherini, said: […]

Iranian oil exports drop prior to US sanctions

Iranian oil exports drop prior to US sanctions

Iran has witnessed a drop in oil exports ahead of America’s second round of sanctions to be imposed on the Middle Eastern nation, according to a global banking institute. The Institute of International Finance (IIF) found exports of crude oil and condensates between April and September 2018 fell by 0.8 […]

Trump touts US energy at UN assembly

Trump touts US energy at UN assembly

US President Donald Trump has used his speech at the UN General Assembly to promote America’s booming energy sector, while riling international relations. During his presidency, Trump has followed through with his campaign pledge of achieving energy dominance, having made the US the world’s largest energy exporter. “We’ve become the […]

France to cut renewable growth

France to cut renewable growth

The French Government will drastically reduce the growth of its renewable spending in 2019, with the ecology ministry’s draft budget showing a 1.3% rise, which will effectively be flat after inflation. Total spending on renewable projects will equate to €7.3 billion and will mostly go towards wind and solar schemes. […]

Trump backs Polish energy security

Trump backs Polish energy security

In a bid to counter Russia’s energy dominance over Europe, US President Donald Trump has announced an energy security partnership with Poland which will be used to encourage diversity across the European market. During a press conference with his Polish counterpart, Andrzej Duda who is in Washington for his first […]