Politics

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 […]

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 […]

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 […]

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 […]

USA proposes “Clean Coal Alliance” at climate talks

USA proposes “Clean Coal Alliance” at climate talks

The US delegation at the COP23 climate talks last month promoted the use of new technologies that improve efficiency and reduce emissions from coal and other fossil fuels as part of the solution to climate change. The US administration is pushing for an international “clean coal alliance” that would share […]

Renewables at risk in Scotland

Renewables at risk in Scotland

Scotland may have to look towards an energy mix focused on the use of fossil fuels, as its renewable industry is left exposed to Brexit and Treasury cuts to green subsidies. The growth of the sector is heavily dependent on government support. However, as the UK Treasury cut green subsidies […]

US strengthens relationship with China

US strengthens relationship with China

During President Trump’s recent visit to China, two deals were proposed which will increase dependence between the two countries and encourage collaboration as the US moves into the role of an energy exporter. While China’s government has encouraged its energy industry to diversify abroad to gain access to fossil fuels, […]

UK coal production expected to double by 2025

UK coal production expected to double by 2025

Coal generation is to double in the early 2020s, due to the carbon price freeze announced in last week’s Autumn Budget, according to analysis by Aurora Energy Research. Chancellor Philip Hammond announced during the Autumn Budget that he intended to keep the carbon price at current levels, close to £23 […]