• U.S. Coal Makes a Comeback

    • Date: 17/08/17
    • The Wall Street Journal

    Coal is showing signs of a revival and breathing economic life into West Virginia and other coal states. It is becoming more competitive as a fuel source as the price of natural gas has risen 63% since March 2016 Not long ago liberals hailed the demise of coal as inevitable while the Obama Administration strangled the […]

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  • Shale Will Beat OPEC As U.S. Oil Thrives at $40, Citigroup Says

    • Date: 16/08/17
    • Bloomberg

    U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said. The Organization of Petroleum Exporting Countries and its allies may have boosted oil prices by cutting production, but they’re losing revenue in the process and their position “is not sustainable over a […]

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  • U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output

    • Date: 15/08/17
    • Bloomberg

    Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has risen steadily over the past two years. The Energy Information Administration projects Permian output to […]

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  • Small nuclear revival?

    • Date: 14/08/17

    Government tries to breathe life into failing SMR programme The key nuclear power players have been called in by the Government for crunch talks on plans to meet Britain’s energy demands with new small reactor technology, amid mounting fears over delays and Whitehall paralysis. Industry giants including NuScale, Rolls-Royce, Hitachi and Westinghouse have been summoned […]

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  • Smart meter inflation

    • Date: 14/08/17

    Shortages of qualified engineers driving costs up further Wages are rising steeply for engineers who install smart meters as energy companies struggle to recruit enough staff, threatening to further inflate the costs of the £11 billion scheme. Salaries have risen by as much as a fifth within less than a year as suppliers prepare for […]

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  • BP Unlocks A New Shale Gusher in New Mexico

    • Date: 08/08/17
    • Bloomberg

    While other natural gas drillers are paying a premium for acreage in prized U.S. shale formations across Texas and Pennsylvania, BP Plc may have just found a gem in a largely ignored corner of New Mexico. The London-based oil giant started producing from a gas well in New Mexico’s Mancos shale that could turn out to be a […]

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  • Shell enters the electricity market

    • Date: 07/08/17

    Oil giant has applied for a licence to supply power to big businesses Royal Dutch Shell is to launch as an electricity supplier in Britain, challenging some of Europe’s biggest utilities. The oil major has applied for a licence to supply power to businesses across Britain and plans to start signing up industrial customers now […]

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  • Treble Whammy

    • Date: 04/08/17
    • The Daily Telegraph

    The cost of greenery will treble over the next five years The cost of green taxes on energy bills will more than treble over the next five years, the official economic forecaster has said. The Office for Budget Responsibility said that cost of the subsidies, which are levied on household and business energy bills, is expected to rise from £4.6billion in 2015-16 to […]

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