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Finnish nuclear plant faces delays

Finnish nuclear plant faces delays

A French-backed nuclear power station in Finland is facing further delays and increased costs. Olkiluoto 3 was meant to begin energy production in 2009 but is now due to begin in May 2019. The original estimate of cost was €3.2 billion but it is now estimated to be three times […]

Statoil makes 130 million barrel discovery in North Sea

Statoil makes 130 million barrel discovery in North Sea

Statoil has made a major new discovery in the North Sea. The oil company confirmed a discovery of up to 130 million barrels of oil in the North Sea. Statoil’s senior vice president of exploration in the UK said: “This is an encouraging result for Statoil and the UK team. […]

 First shipment of US crude arrives in India

 First shipment of US crude arrives in India

The first shipment of crude oil from the US has arrived in India. The shipment is a product of the US government’s decision to export its energy resources for economic gain and to aid development – and the Indian government’s desire to expand its energy sector. The shipment landed in […]

Russian President Vladimir Putin (R) meets with Saudi Arabia's King Salman bin Abdulaziz Al Saud at the Kremlin in Moscow on October 5, 2017. / AFP PHOTO / SPUTNIK / Alexey NIKOLSKY

Saudi Arabia and Russia affirm commitment to production cuts

Saudi Arabia and Russia have reaffirmed production cuts on a state visit in Moscow. The meeting sent the price of Brent Crude up by $1. The meeting was also the first time that King Salman had visited Russia. The Russian foreign minister, Sergei Lavrov, said that the leaders had affirmed […]

Pre event - Quest Start Up Launch & Campaign - Day Two

Carbon capture could provide UK 225,000 jobs – report

A new report has said that by investing in carbon capture the UK could create 225,000 jobs. The report also says that there could be an economic gain of £160 billion and the storage of 1.5 billion tonnes of carbon dioxide. The report by Summit Energy follows a speech by […]

Fracking set to begin in North Yorkshire

Fracking set to begin in North Yorkshire

Fracking in the England will begin in a matter of weeks, it has been confirmed. The technical director of Third Energy, Alan Linn, the company responsible for the fracking sites in Yorkshire, said that the start of fracking was “imminent”. “We’re beginning to prepare for the work-over phase of the […]

Opposition vows to phase out nuclear power by 2030

Opposition vows to phase out nuclear power by 2030

The tide is turning further against nuclear power in Japan after the opposition vowed to phase out the technology by 2030. The Japanese Prime Minister, Shinzo Abe, last week called a general election. Over fifty nuclear power stations have been shut down since the 2011 Fukushima disaster. Japan is investing […]

The Ofgem sign outside the  electricity and gas industry regulator's office in Millbank, central London. PRESS ASSOCIATION Photo. Picture date: Tuesday October 22, 2013. Photo credit should read: Yui Mok/PA Wire

Proposed energy price cap creates confusion

Fresh confusion and uncertainty over the government’s planned energy cap. Following the Prime Minister’s announcement of the implantation of an energy price cap on Wednesday Ofgem, the energy regulator, has delayed its announcement on proposals to protect vulnerable customers. The publication has been delayed until next week, prompting an industry […]