Politics

Low-carbon economy threatens 28,000 UK jobs

Low-carbon economy threatens 28,000 UK jobs

The UK Government’s drive to a low carbon economy could cost the north of England up to 28,000 jobs over the next 12 years, according to the Institute for Public Policy Research (IPPR). The report said the region faced economic decline under current plans, which fail to mention the damaging […]

Trump administration considers military bases for energy dominance

Trump administration considers military bases for energy dominance

The Trump administration is assessing the potential to use military bases and other federal properties as transit points for exporting coal and natural gas to Asia, in a bid to support the countries booming domestic energy industry, according to Interior Secretary Ryan Zinke. The plans would aid the Trump administration’s […]

Venezuela reshuffle PDVSA management

Venezuela reshuffle PDVSA management

Venezuela has approached five new executives to take top roles at its state-owned oil company PDVSA, although the changes are not expected to reverse the country’s oil industry under military management. According to industry sources aware of the reshuffle, the new executives have a relative lack of presence within the […]

Stopping Iranian oil exports is a “political bluff”

Stopping Iranian oil exports is a “political bluff”

The head of state-owned National Iranian Oil Company, Ali Kardor, has been quoted by the Tasnim news agency as saying America’s call to cut Iran’s oil exports to zero is a “political bluff”. Officials from the US have said the country aims to cut Iranian oil exports to zero, in […]

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: […]