• 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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  • The Shale Revolution Has Made Nuclear Power Uneconomic

    • Date: 02/08/17
    • Bloomberg

    The price of natural gas has slumped as a result of the shale boom. Gas has gone from being regarded as a volatile market to being accepted as a low-cost source of fuel supply for generators, helping to depress wholesale electricity prices in general. Westinghouse Electric Co. was first contracted to build the reactors by Scana […]

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  • Green policies blamed for price rises

    • Date: 01/08/17
    • The Times

    British Gas is blaming costs of transmission networks and green policy measures for its latest price rises. British Gas will raise electricity prices for more than 3 million households, adding £76 to a typical annual energy bill. Britain’s biggest supplier blamed government policies and energy network costs for the 12.5 per cent increase, and admitted […]

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