Other News

Australian PM stands by “all of the above” approach to energy

Australian PM stands by “all of the above” approach to energy

The Prime Minister of Australia has stressed his government’s “all of the above” approach to energy policy. Malcolm Turnbull, the Prime Minister, was asked whether the government’s eventual response to the Finkel report would prevent construction of new coal fired power stations. In response he said “I don’t foresee there […]

Ofgem is “scared to do its job” – former Minister

Ofgem is “scared to do its job” – former Minister

The UK energy regulator, Ofgem, has been criticised by an MP for being “scared to do its job”. The backbench MP John Penrose, who until recently was a Minister, criticised Ofgem for only consulting on a “safeguard tariff” for 2.2 million customers. The chief executive of Ofgem, Dermot Nolan, said […]

Chief Executive calls for more debate around fracking

Chief Executive calls for more debate around fracking

The chief executive of the Oil and Gas Technology Centre has called for wider debate around fracking in the UK. Colette Cohen, the chief executive of the Oil and Gas Technology Centre, argued against making long term decisions regarding fracking before more information has been gathered regarding the resources in […]

Chinese coal demand aids US companies

Chinese coal demand aids US companies

Demand for coal in China is driving up imports, new figures have shown. An increased demand for coal in part down to reductions in Chinese mining has visibly benefited US coal companies with revenue in US coal companies growing 19% in the first half of 2017. The increased demand is […]

Picture of power plant and electric lines on the outskirt of Beijing on January 8, 2016. . AFP PHOTO / FRED DUFOUR / AFP / FRED DUFOUR        (Photo credit should read FRED DUFOUR/AFP/Getty Images)

Chinese merger to create world’s largest utility

The largest power company in the world will be created in China when the Shenhua Group Corp Ltd and the China Guodian Group Corp merge. Shenhua is China’s top coal mining company and Guodian is in the top five of China’s power producers. The amalgamated entity will be with $278 […]

Hurricane Harvey reduces US oil output

Hurricane Harvey reduces US oil output

Tropical Storm Harvey has profoundly effected international energy markets. The extreme flooding affecting Texas and other southern parts of the US has severely affected both domestic and international energy markets. Exxon Mobil, Royal Dutch Shell and Phillips, amongst others have shut down major refineries with the combined output of over […]

Instability feared in Iraq over Kurdistan referendum

Instability feared in Iraq over Kurdistan referendum

The prospect of Kurdish independence raises fresh questions for OPEC. The referendum on Kurdish independence taking place in September could create a fresh set of problems for the OPEC group. Iraqi Kurdistan is largely self governing and the referendum in September is non-binding. However, there are fears that instability following […]

An LNG tanker passes boats along the coast of Singapore February 3, 2017. Picture taken February 3, 2017. REUTERS/Gloystein Henning - RTX2ZRXX

US “energy dominance” proving a success

The US policy of global “energy dominance” is beginning to show results. The US decision to export natural resources around the globe is showing results with shipments of coal to Ukraine beginning as well as LNG to Lithuania. The US is looking both to the economic gains generated by selling […]