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China plans 700 new coal plants

China plans 700 new coal plants

Chinese corporations are planning to build over 700 new coal fired power plants. A report by the environmental group Urgewald has found data showing that Chinese corporations are planning to build 700 new coal fired power stations, both at home and around the world. A fifth of the planned plants […]

Statoil signals confidence in North Sea with jobs boost

Statoil signals confidence in North Sea with jobs boost

The Norwegian oil giant Statoil has renewed its commitment to the North Sea offshore production industry, announcing 1,500 new jobs at its flagship Mariner Development. Statoil’s development in the Mariner Field will add around 250 million barrels of oil (55,000 per day) to the basin’s output, with the new jobs […]

Higher prices and steadier production help balance US gas market

Higher prices and steadier production help balance US gas market

Energy analysts believe the US natural gas market has rebalanced, thanks to higher prices steadying production while reducing demand from electricity generators and making room for increased exports. The higher prices have helped to avert a possible stock crunch in 2017 as a result of rising exports and the start […]

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Trump hints at Poland energy deal

US President Donald Trump has suggested that exports of American liquefied natural gas (LNG) to eastern Europe could increase during a visit to Poland. Although Poland boasts a booming domestic coal industry, the country still relies on imports to meet demand as part of its energy mix. Faced with an […]

G20 set to endorse clean coal technology

G20 set to endorse clean coal technology

The leaders’ communique for the G20 summit has indicated that clean coal projects will be endorsed by the summit this week. The text refers to “clean technologies such as energy efficiency, renewable energy, natural gas and nuclear power, for those countries that opt to use it, and advanced and cleaner […]

Brazil’s increased exports threaten oil price recovery

Brazil’s increased exports threaten oil price recovery

The increase in Brazil’s oil output adds to OPEC’s problems. Brazil has been experiencing its worst recession which has seen domestic reduction in oil and gas demand. Efforts have been made to increase exports and foreign investment to aid the country’s progression out of the recession. Exports in the first […]

Wind power delay to cost UK energy customers £70 million

Wind power delay to cost UK energy customers £70 million

Delays to a £1 billion cable to bring Scottish wind energy to England and Wales could cost consumers at least £70 million because they will have to continue to pay for turbines to be switched off until it is completed, it has emerged. The excess capacity of Scottish wind farms […]

France Total

Total signs deal to invest in Iranian gas assets

Total has signed a contract to develop offshore Iranian gas. The French company will be the first Western energy company to buy into Iranian oil assets since sanctions were eased. A preliminary deal between Total and Iran was signed for the South Pars field in November – a 50.1% stake […]