Other News

Australian government backs future investment in coal

Australian government backs future investment in coal

 The Australian government is backing a $100 billion investment target in the coal industry, including increasing production and eyeing up the potential of international exports.  The resources Minister Matt Canavan said: “For the foreseeable future, coal will remain one of the core parts of the energy supply mix to provide […]

Massive growth in Carbon Capture as number of projects double

Massive growth in Carbon Capture as number of projects double

The number of Carbon Capture and Storage (CCS) projects around the world has doubled in the last six years as industries are increasingly taking up the technology. The Global CCS Institute’s latest report Global Status of CCS 2016 found that by the end of 2017 there will be 38 large-scale projects […]

Iraq claims Kurdish non-compliance in OPEC deal 

Iraq claims Kurdish non-compliance in OPEC deal 

The Prime Minister of Iraq Haider al-Abadi has accused the semi-autonomous region of Kurdistan of exporting more oil than their allotted share under the OPEC agreement. According to the Iraqi Ministry of Natural Resources, the region had pumped 567,646 bpd to Turkey’s Ceyhan port in November; almost double the 250,000 […]

US set to challenge Indonesia in South Korea coal market

US set to challenge Indonesia in South Korea coal market

US thermal coal is expected to begin shipping to South Korea during the first quarter of 2017, according to market sources. South Korean energy companies are currently waiting for the inauguration of President-elect Donald Trump on January 20 before starting talks with US thermal coal exporters, in a development that […]

Maersk to end operations at North Sea gas field

Maersk to end operations at North Sea gas field

Maersk Oil today confirmed that they would be moving forward with plans to end production at the North Sea Tyra gas field. Tyra is located in the small stretch of the North Sea owned by Denmark and provides 90% of the country’s supply of natural gas. Some commentators have warned […]

Indonesian coal mines boost Tata Power

Indonesian coal mines boost Tata Power

Indian energy giant Tata Power has seen an upturn in fortunes thanks to rising global coal prices. India’s largest integrated power company has benefitted from a six-month surge of 58 per cent in the price of coal. Through its estimated 30 per cent share in Indonesian mines, Tata Power has […]

Israel-Turkey gas contracts to be protected

Israel-Turkey gas contracts to be protected

Israel and Turkey are working to protect planned gas contracts against future diplomatic turbulence through instituting a formal framework between the two countries. With regional tensions running high, both sides are looking for assurances that any deal that is brokered will protect investors from any future political tension between the […]

China coal industry sees substantial growth in 2016

China coal industry sees substantial growth in 2016

The coal mining industry in China grew by 157 per cent in the first 11 months of 2016, boosting industrial profits, according to figures released by the country’s National Bureau of Statistics. Chinese industrial profits rose 14.5 percent from a year earlier to 774.6 billion yuan ($111 billion), which was […]