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An LNG tanker passes boats along the coast of Singapore February 3, 2017. Picture taken February 3, 2017. REUTERS/Gloystein Henning - RTX2ZRXX

US “energy dominance” proving a success

The US policy of global “energy dominance” is beginning to show results. The US decision to export natural resources around the globe is showing results with shipments of coal to Ukraine beginning as well as LNG to Lithuania. The US is looking both to the economic gains generated by selling […]

Oil workers evacuated ahead of hurricane

Oil workers evacuated ahead of hurricane

Oil workers are being evacuated in the Gulf of Mexico ahead of Hurricane Harvey. The overall proportion is low, with just 39 out of 700 manned platforms being evacuated. This represents a production reduction of 167,000 barrels per day. Exxon Mobil spokesperson Suann Guthrie said: “With the safety of our […]

US energy report: government should ease rules on power pants

US energy report: government should ease rules on power pants

A US energy department report has said that the government should ensure energy security by making it easier for power plants to function. The report, commissioned by US energy secretary Rick Perry, was set up to look at the durability of the US grid. The report says that greater emphasis […]

The US has sent its first shipment of coal to Ukraine

The US has sent its first shipment of coal to Ukraine

The first shipment of US coal has been sent to Ukraine. The shipment is a result of an agreement between for the US to supply 700,000 tons of coal to Ukraine. This move is part of the Trump administration’s plan to create US “energy dominance” by utilising US natural resources. […]

The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. Executives at Brazil's Petrobras on Thursday sought to move on from a giant corruption scandal that has plagued the state-run oil company, outlining a back-to-basics recovery plan that left some investors hoping the worst was over. On a call with investors the day after publishing long-delayed audited results for 2014, Chief Financial Officer Ivan Monteiro said the focus was on reducing debt, selling non-core assets and continuing to increase oil production through careful investments in high-return assets.  REUTERS/Paulo Whitaker - RTX1A1LN

Brazilian government to sell off part of Electrobras

The Brazilian government has signaled it will sell a controlling stake in Electrobras. Electrobras is South America’s largest electricity generator. Following the announcement from the Brazilian government Electrobras shares rose over 46%. The company has been dogged by problems including corruption and oil theft. Electrobras has been used by the […]

Increased coal demand drives prices up

Increased coal demand drives prices up

Thermal coal prices have seen a huge rise as demand rises. Australian thermal coal prices for spot cargoes has risen above $100 a tonne. China has curbed its domestic supplies to reduce illegal mining practices. This has coincided with high summer in China meaning a higher demand for electricity and […]

MPs urge PM to keep price cap promise

MPs urge PM to keep price cap promise

A letter has been sent to the Prime Minister protesting her abandonment of the energy price cap for 17 million families. The letter comes from a group of 50 conservative MPs and parliamentarians from other parties. Theresa May, the Prime Minister, promised to cap energy prices for 17 million families […]