Other News

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]

Section of Keystone oil pipeline remains closed due to potential leak

Section of Keystone oil pipeline remains closed due to potential leak

Sections of the TransCanada Corp Keystone oil pipeline remains closed, awaiting investigation, following a potential leak near Louis, Missouri. Crews were sent to assess the suspected leak, located between Steele City, Nebraska and Patoka, Illinois, where the pipeline had been closed. The pipeline that carries 590,000 barrels per day, is […]

Investment and growth in coal output is still on the global agenda

Investment and growth in coal output is still on the global agenda

Major economies are still using and, in some places, increasing their coal output due to its cheap and reliable nature, with demand not waning. Both the US and China are not moving away from coal anytime soon. In the US, Wyoming Governor Mark Gordon is looking at three potential sites […]

Russia looks to boost European market share

Russia looks to boost European market share

Russian energy giant Gazprom is looking to increase its 35% market share in Europe, as demand for natural gas increases and competitors expect lower production. Elena Burmistrova, Director General of Gazprom Export, said further opportunities come following a decline in North Sea production and the planned shutdown of the Groningen, […]

Ofgem ups UK price cap

Ofgem ups UK price cap

Up to 15 million UK households are set to see an increase in their energy bills as of April, after the energy regulator, Ofgem, revised their price cap as a result of higher energy costs. Ofgem said a substantial change in wholesale energy costs during the second of 2018 meant […]

UK nuclear fleet in doubt

UK nuclear fleet in doubt

The UK’s nuclear fleet recorded a 12% drop in contributions to the country’s energy mix in January, raising questions over how long its ageing fleet can continue to operate. The temporary closure of two of the UK’s eight nuclear plants resulted in nuclear generation dropping by over 10% in January […]

German coal phase out could be delayed

German coal phase out could be delayed

Germany’s planned 2038 coal phase out could be delayed beyond its deadline if energy security issues arise, according to a senior legislator in Angela Merkel’s CDU. Last Saturday a commission proposed the phase out with the goal of mapping out Germany’s transition to a more environmentally friendly low carbon economy, […]

BP profits surge on increase production

BP profits surge on increase production

BP has seen profits double to $12.7 billion in 2018, following a surge in oil and gas growth, along with the acquisition of several US shale assets. However, the company’s debt rose, and the rate of share buybacks dropped in the final quarter following a $10.5 billion BHP acquisition. “We […]