Wed Aug 5, 2015
An affordable tidal power system deployed off the English and Welsh coasts could make a major contribution to Britain's future energy needs, say its designers.
An Australian court has overturned the approval of an Indian-backed coal mine project after pressure from environmental groups.
Tue Aug 4, 2015
First Solar executives discussed their second quarter earnings on Tuesday (it posted a profit instead of losses this time), and analysts were keen to know if the company can execute a plan to produce more efficient and cheaper solar panels while still meeting demand during what will be a busy year of solar power project construction before a key tax credit is set to end.
Oil prices rose modestly on Tuesday, snapping a three-day skid as traders awaited key data on US petroleum supplies and employment levels.
Public sector recruitment limited to essential services such as education and health - report
Nigeria’s state oil company is riven with financial irregularities and governance failings, according to an investigation by the Natural Resources Governance Initiative.
High global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls.
Asian shares cautiously nudged into positive territory on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve's interest rate increase.
Asian shares struggled to stay positive on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve's interest rate increase.
Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve's interest rate increase.
Mon Aug 3, 2015
US stocks fell on Monday with petroleum-linked equities retreating on a big drop in oil prices as Wall Street girds for a busy week of economic reports.
Oil prices tumbled on Monday, with Brent crude tumbling about five per cent, after new data showed weakening US and Chinese manufacturing and amid worries about the global supply glut.
U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy.
Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter.
Just as Space X rockets may be taking off from the beaches at Boca Chica near Brownsville, natural gas exports to Mexico look to also sky rocket in the coming years. Due to changes in Mexican law in 2013 opening the electricity market to private investment, billions of dollars in contracts have been let to build power plants, electrical distribution facilities and natural gas pipelines. In turn U.S. pipeline companies and gas producers have moved to capture the lion’s share of that market. Given the fact that Texas and Gulf Coast producers have been rapidly losing their old Northeast and Midwest markets to Marcellus producers this has proven to be a timely and vital new market. The Energy Information Agency (EIA) estimates that natural gas exports to Mexico were 3% of production in April 2015 and are expected to grow to 5% by 2030. While not nearly as important as the domestic power sector to U.S. producers nonetheless it represents a good piece of business.
(Adds deal value, EGAS statement) CAIRO, Aug 3 - Singapore-based Norwegian gas shipping company BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, state company EGAS said on Monday, as...
US President Barack Obama is set to unveil what he calls "the biggest, most important step we have ever taken" in tackling climate change.
Sun Aug 2, 2015
In the summer of 1970, between my sophomore and junior years of high school in Richmond, Virginia, a federal court ruled that the city’s school system had to be integrated. This became known as “forced busing,” which meant, of course, “forced busing, but this time of whites”. For years afterwards, politicians in central Virginia were expected to denounce forced busing but not to actually do anything. One political commentator remarked on this type of stance as a particularly Southern type of political dishonesty, a meaningless posturing for votes.
Sat Aug 1, 2015
We examine the factors dragging down commodities prices, the impact on the global economy, and the political fallout.
Fri Jul 31, 2015
Continuing an effort to draw down dependence on energy subsidies and low-cost electricity, Egypt moved to raise electricity prices this week for mid to high household usage by an average of 19 percent for the next fiscal year.
Oil prices plummeted on Friday (Jul 31) as traders digested the latest OPEC signal that crude production would not be cut despite global oversupply and falling prices.
Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Federal Reserve may delay an interest-rate hike this year following weak wage data.
The European Union has removed two Iranian oil companies from its sanctions list in the first such action since Iran's nuclear deal.
Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp , compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.
SINGAPORE - A man was sent to hospital and 80 people were evacuated after a 68kg ammonia gas cylinder ruptured in the Coca-Cola Singapore building this morning (July 31). The Chinese man complained of difficulty in breathing and felt discomfort on his face...
Thu Jul 30, 2015
Official British GDP data for the second quarter of this year, pointing to economic growth of 0.7% between April and June, was not a major surprise. That the UK’s Office for National Statistics attributed the uptick in large part to oil and gas production most certainly was.
Continuing its push to strengthen regional ties on the back of its energy potential, Cyprus agreed to expand cooperation with Israel this week, including pipeline and grid sharing as a means of reaching the European market.
US oil prices dipped on Thursday, snapping a two-day streak of gains after a top official with OPEC reiterated that the cartel has no plans to cut petroleum production.
The stark reality of a much-feared second dip in crude prices is prompting global oil majors and nimble U.S. shale companies alike to ax spending once again a year after the first price crash started.
Job cuts at oilfield service providers Halliburton Co and Baker Hughes Inc have turned out to be steeper than expected as crude prices hold below US$50 levels, a 40 percent drop from June last year.
ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist.
A new study concluded that utility-scale solar photovoltaic (PV) systems in the United States are more cost effective than rooftop PV systems in achieving the economic and policy benefits we all expect to come from the widespread use of solar energy. But it may not be so simple.
After 18 years at the helm of the pipeline giant that bears his name, Rich Kinder is stepping down this summer from his CEO position. To commemorate the occasion, he agreed to sit down for this exit interview.
Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 per cent drop in the oil and gas group's second-quarter profits.
Royal Dutch Shell is to ax 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits.
Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.
Centrica, the owner of British Gas, says it is cutting 6,000 jobs, as it reports a doubling of profits at the British Gas business.
Wed Jul 29, 2015
Speaker of the House John Boehner's call for an end to the U.S. oil export ban is the latest sign of increased momentum for repealing the 40-year-old restriction, joining a drumbeat of similar appeals ranging from industry groups to Republican candidates for president.
(EnergyAsia, July 30 2015, Thursday) — Singapore’s port has issued a formal request for proposals to promote the use of liquefied natural gas (LNG) as a shipping fuel as part of a long-term plan to remain one of the world’s leading energy hubs. On Tuesday, the Maritime Port Authority (MPA) launched its first request-for-proposal (RFP) […]
The post SINGAPORE: Port authority calls for LNG bunkering proposals by September 30 appeared first on EnergyAsia.
U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber.
Oil prices rallied on Wednesday as an unexpected weekly fall in US crude oil inventories somewhat eased worries about demand in the world's largest economy.
Speaker of the U.S. House of Representatives John Boehner told reporters on Wednesday he supports lifting a 40 year-old ban on crude oil exports, a move that could boost support for legislation in his chamber.
GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts.
So, having gone after Clinton’s energy program, let me now take on the Republicans in keeping with the old remark that commentators are like those who observe a battle, then shoot the wounded afterwards. Criticizing politicians for their proposals is far easier than shooting fish in a barrel, and these complaints might be futile, but there are an awful lot of fat, juicy, slow-moving fish out there, many running for president.
Missing: The 160,000 ton crude oil carrier Hedy. Believed to have left the Persian Gulf earlier this month. If found please return to the Iranian oil exporting port of Kangan.
SINGAPORE - Households using City Gas will have to pay higher gas tariffs from next month till the end of October. The gas tariff for households will increase by 3.6 per cent, from 17.62 cents per kilowatt hour (kWh) to 18.25 cents per kWh for the three-month...
Energy firm SSE announces it is buying a minority stake in French oil and gas giant Total's West of Shetland operations for £565m.