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A worker looks at a pump jack at the Rosneft company owned Samotlor oil field outside the West Siberian city of Nizhnevartovsk, Russia, January 26, 2016. Picture taken January 26, 2016. REUTERS/Sergei Karpukhin - RTX24D2A

Russian oil giant looks to return to peak production

The oil field which once supplied 40% of government revenue to the Soviet Union is set to increase production after years of reduction. The Samotler field is a sleeping giant which transformed Soviet oil production when it opened in 1969, as it marked a shift in regional focus to the […]

LONDON, ENGLAND - MARCH 26:  A general view of the Houses of Parliament on March 26, 2015 in London, England. Parliament is to dissolve on March 31st leaving six weeks of political party campaigning until the general election on May 7, 2015.  (Photo by Dan Kitwood/Getty Images)

Peers demand Government put energy security first

One of the UK’s leading parliamentary committees has released a scathing assessment of the country’s energy system, saying it must focus on energy security above all else. The Lords Economic Affairs Committee said that the Government’s pursuit of decarbonisation goals had put “unnecessary pressure on electricity supply”. The capacity margin […]

£450m in green subsidies to burn wood pellets at Drax

£450m in green subsidies to burn wood pellets at Drax

A leading British think tank, Chatham House, has today warned that the UK is wasting hundreds of millions of pounds on burning American wood pellets in biomass generators – and that the practice causes more pollution than the coal it replaced. The UK imported 7.5 million tonnes of wood pellets […]

IEA calls on Australia to lead the world on new coal technologies

IEA calls on Australia to lead the world on new coal technologies

The Executive Director of the IEA Fatih Birol has said in a visit to Canberra that Australia needed to take action alongside other countries to boost carbon capture technology. “There is a need for a greater initiative from countries, maybe such as Australia and others.” he said. Fatih Birol’s call was […]

Parliament condemns Hinkley Point nuclear plant

Parliament condemns Hinkley Point nuclear plant

A scathing report by a powerful House of Lords committee has slamming Hinkley Point’s nuclear plant as “risky”, and said that the Government must prioritise energy security. The Committee’s Chair Lord Holick said the Hinkley Point nuclear plant was unlikely be delivered on time, and that with 7% of the […]

US gas prices fall to lowest since November

US gas prices fall to lowest since November

Mild weather in the US has seen natural gas prices plunge to their lowest level since November. Front-month natural gas prices fell to $2.63/MMBtu last week, down from nearly $4/MMBtu at the end of last year. Meanwhile, front-month gas futures fell by more than 7 per cent as a result. […]

British Gas invests in rewards for customers

British Gas invests in rewards for customers

British Gas, Britain’s biggest energy supplier, has announced plans to invest £100 million in a customer reward programme that would result in reduced bills for many customers. The company, owned by energy giant Centrica, plans to launch a range of new tariffs in April that would offer discounted energy and […]

HILLSBOROUGH, NJ - JULY 15: Employees of SunEdison install photovoltaic solar panels on the roof of a Kohl's Department Store on July 15, 2008 in Hillsborough, New Jersey. Company engineers estimate Kohl's will be able to reduce their electricity usage on average by 25% once power begins flowing from the 1980 rooftop panels. Kohl's signed a contract with SunEdison, based in Beltsville, Maryland, to receive electricity for 20 years at a reduced price from public utility rates. New Jersey is the nation's second largest producer of solar energy behind California. State and federal tax incentives help individuals and commercial enterprises cover the costs of solar panel installations. SunEdison is North America's largest solar energy service provider. (Photo by Robert Nickelsberg/Getty Images)

US solar shares struggle

Market data has revealed that Wall Street investors shunned shares in US solar companies during 2016. First Solar, which manufactures solar panels, reported 2016 fourth-quarter sales down almost 50% from a year earlier. Its shares have mirrored the fall, down from last May’s high of $74.29 to $36 today. Elsewhere, […]