Other News

Burning wood pellets is worse for environment than using coal

Burning wood pellets is worse for environment than using coal

Research suggests that the use of wood pellets as a source of power is worse for the environment than the use of coal – and is being subsidised by British consumers. Acres of trees have been felled in the US and shipped over to the Drax power station in North […]

OPEC cuts could double on back of political crises

OPEC cuts could double on back of political crises

Political turmoil threatens to double the OPEC-led supply cuts, introduced in 2016 in order to bolster oil prices following the 2014 decline. In January 2017, OPEC led a supply cut deal, along with Russia and several other non-OPEC producers, in order to reduce the global supply glut that had developed […]

Dangote scouting coal opportunities in Zimbabwe

Dangote scouting coal opportunities in Zimbabwe

Africa’s richest man, Aliko Dangote, has sent a team of ten to scout new business opportunities in Zimbabwe’s coal and power generation sectors, after initial attempts to were blocked by the Mugabe regime in 2015. The team, led by geologist Naresh Kumar, are exploring opportunities to set up a coal […]

North Sea strikes “unhelpful” for investment

North Sea strikes “unhelpful” for investment

Deirdre Michie, chief executive of Oil and Gas UK (OGUK), has said strike action on a major North Sea oilfield development could have significant implications for the much-needed investment into the region. A dispute, between workers and employees on the £4.5 billion Mariner project, over poor working conditions resulted in […]

Republicans to push to keep Navajo pant open

Republicans to push to keep Navajo pant open

The case to keep the Navajo Generating Station open will be put forward this week by lawmakers during a hearing held by the House Natural Resources Subcommittee on Energy and Mineral Resources, which will set out the benefits of the 2,250 mega-watt plant. Towards the end of last year, it […]

EDF to increase energy bills

EDF to increase energy bills

EDF Energy has become the second Big Six energy supplier to increase its standard variable tariff (SVT), which the French company said will affect 1.3 million customers. The 1.4% increase will the average bill will go up to £1,158 a year, which EDF said reflects the increase in some of […]

Perry to promote the use of CCUS on India trip

Perry to promote the use of CCUS on India trip

US Energy Secretary Rick Perry will promote the use of clean coal technology during discussions with his Indian counterparts, when he travels to the subcontinent at the end of the week. Perry said: “The technology we are seeing brought forward on clean coal, carbon capture, is starting to take off […]

Top UK banker warns of the risks of rapidly shifting away from fossil fuels

Top UK banker warns of the risks of rapidly shifting away from fossil fuels

Mark Carney, head of the Bank of England, has said a move to a low carbon economy, that is too quick, could damage the financial stability of the UK. According to Carney, a sudden redirection of funding away from the oil and gas sector, coastal real estate, amongst others could […]