Other News

Influential US energy committee returns to full function

Influential US energy committee returns to full function

A quorum has been created on the Federal Energy Regulatory Commission (FERC). The FERC has not had a quorum since February this year. It has been unable to authorise construction of new energy projects. The two appointments are Neil Chatterjee, senior energy advisor to the Senate Majority Leader Mitch McConnell, […]

BP hits shale in New Mexico

BP hits shale in New Mexico

BP believes it has found a new shale gas field in New Mexico. The discovery is in the Mancos Shale, a part of the San Juan Basin. The head of Shale Gas at BP Dave Lawler said: “This result supports our strategic view that significant resource potential exists in the […]

Oil key to Venezuela situation

Oil key to Venezuela situation

The worsening political situation in Venezuela could have dire consequences for both the country and the oil markets. The political situation in Venezuela shows no sign of abating, with questions being asked as to whether the attempted military rebellion over the weekend will be the first of many. The country […]

The U.S. Capitol building is seen Saturday, Nov. 19, 2011, in Washington. The six Democrats and six Republicans on the Supercommittee, as it's familiarly called, have until next Wednesday, Nov. 23, to come together on a deficit reduction plan. Otherwise Congress faces a stark alternative: allow payroll tax cuts and jobless aid for millions to expire or extend them and increase the nation's $15 trillion debt by at least $160 billion. (AP Photo/Carolyn Kaster)

US legislators introduce carbon capture bills

US members of Congress and the House are introducing legislation to promote carbon capture and sequestration. Senators and members of Congress have introduced companion bills to change IRS guidelines to align with relevant EPA regulations to pave the way for carbon capture projects to claim tax credits. Carbon capture and […]

First gas has been struck at North Sea field extension

First gas has been struck at North Sea field extension

First gas has been achieved from an extension of the largest single gas field in the North Sea. Engie exploration and Production last night announced that they had achieved first gas from the Bravo satellite, part of the Cygnus development in the Southern North Sea. Overall the main alpha development […]

Westinghouse stops work on South Carolina nuclear plant

Westinghouse stops work on South Carolina nuclear plant

Westinghouse has suspended work on two nuclear reactors in South Carolina. The plant, known as the VC Summer plant, has experienced spiralling costs. This plant and Plant Vogtle in Georgia have caused severe financial problems for Westinghouse, which led the company to file for bankruptcy in March. Analysis has shown […]

US to export coal to Ukraine

US to export coal to Ukraine

The US will begin exporting coal to Ukraine. US company Xcoal Energy & Resources have signed a contract to supply one of the largest power companies in Ukraine, Centrenergo PJSC with over 700,000 tons of steam coal. A spokesperson for Xcoal, Ted O’Brien, said: “It was very much the result […]

WERDER, GERMANY - OCTOBER 30:  Wind turbines stand behind a solar power park on October 30, 2013 near Werder, Germany. The German Social Democrats (SPD) and Christian Democrats (CDU and CSU) are currently in the midst of negotiations to form a new German government and renewable energy policy is among their main points of discussion.  (Photo by Sean Gallup/Getty Images)

RET distorts energy markets – Wood Mackenzie

Leading international group Wood Mackenzie has criticised the Australian Renewable Energy Target (RET) for distorting the energy markets. The Study by the group said that the RET created artificial incentives to move toward renewable energy without managing the impact on the grid of the intermittency of renewables. Saul Kavonic, an […]