UK

The National Oil Spill Commission Releases Final Report On BP Oil Spill

In a rare move, the UK government has come out in defense of BP regarding the US EPA’s decision to suspend the company from new government contracts. Members of the UK government filed a midnight brief on Monday saying the EPA’s decision could negatively impact jobs and pension funds invested in the UK super major.… Keep reading →

British Government Signs A Deal For New Nuclear Power Plant

Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →

Tasmanian Miners Found Alive

Australia has a lot going for it that other potential shale gas producers lack, like access to capital markets, existing infrastructure and a history of natural gas development. But natural gas development projects – conventional and unconventional – can be expensive and landed prices in Asia – despite proximity – could be higher than delivered… Keep reading →

Australian Electricity Prices Surge 50 Percent In Five Years

By: Holly Ellyatt The U.K’s “big six” energy companies will be grilled by U.K. lawmakers on Tuesday about the reasons behind hiking their consumer energy bills by an average of 9.1 percent just ahead of the onset of winter. The companies — EDF Energy, SSE, Scottish Power, Npower, E.ON UK and British Gas – have… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The results of Chevron’s initial exploration in the Kaybob area of the Duvernay play in Alberta, Canada show liquid yield from completed wells in the 30-70% range, with initial production rates of as much as 7.5 million cubic feet of natural gas and 1,300 barrels of condensate per day. [Chevron] China National Offshore Oil Corp… Keep reading →

Israel marks 30th anniversary of the 1973 Yom Kippur War

With all the coverage of the 1973 Arab Oil Embargo – which began on this day 40 years ago – it’s interesting to get a major oil company’s perspective. And not just any oil company, but one of the original “7 Sisters,” London-based BP. This video features commentary from former BP Chairmen, Sirs Eric Drake… Keep reading →

Storm Eases Over Windfarms

On the heels of a hope-inspiring report that patents for wind and solar technologies are way up, comes this downer: Global investment in clean energy is plunging. Again. Bloomberg New Energy Finance, which has been tracking these numbers for nearly a decade now, toted up $45.9 billion in clean energy investment in the third quarter of 2013,… Keep reading →

Blackpool's Shale Gas Drilling Begins

By Holly Ellyatt The shale gas revolution is only just beginning, but according to one leading analyst the U.K. and Europe have failed to capitalize on the maverick within the global energy market and are being left out in the cold. “I don’t think the U.K. is anywhere near catching up with the U.S.,” David… Keep reading →

Prix de l'Arc de Triomphe - Arrivals

Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →

Members Of Congress Received Classified Briefing On Syria

The White House may be looking for a new nominee for Federal Energy Regulatory Commission chairman to replace Ron Binz, who has been the object of fierce criticism, mostly from Republicans, but also from West Virginia (coal state) Democratic Senator Joe Manchin. [The Hill] The Guardian has helpfully laid out Ed Milliband’s proposal for UK… Keep reading →

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