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The Latest Breaking News on Energy

Treasurer Matt Kean rules out coal rate royalty rise as industry lobbies government for change

Treasurer Matt Kean rules out coal royalty rate rise

Newcastle Herald

'Dirty big holes' in valley of king coal

'There's no way this permanent industrial wasteland would be OK anywhere around Sydney.'

Newcastle Herald

Replacing US coal plants with solar and wind is cheaper than running them

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Tribune News Service

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US renewable energy farms outstrip 99% of coal plants economically – study

It is cheaper to build solar panels or cluster of wind turbines and connect them to the grid than to keep operating coal plants

The Guardian - US

Cracking under pressure: Inside the race to fix France’s nuclear plants

PARIS — Behind layers of security and a thick concrete wall, a team of welders work in shifts to fix the crippled Penly nuclear plant in northern France. Sweating under protective gear, they’re replacing cracked pipes in the emergency cooling system which protects against a reactor meltdown.

Tribune News Service

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Al Jazeera

'Pensioner who died in freezing home should shame oil giants raking in £160bn profits'

As an 87-year-old lady died freezing and afraid to turn on the heating in her terraced home, energy fat cats should hang their heads in shame as they exploit the misery of millions

Daily Mirror

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Norway's last Arctic miners struggle with coal mine's end

For more than 100 years, people came to the remote Arctic archipelago of Svalbard to work in coal mines

The Independent UK

Hungary will veto EU sanctions on Russian on nuclear energy - PM Orban

Hungary will veto any European Union sanctions against Russia affecting nuclear energy, Prime Minister Viktor Orban told state radio on Friday.

Reuters

House GOP seeks new restrictions on use of US oil stockpile

For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat

The Independent UK

House GOP aims to tie oil reserve sales to public land drilling

WASHINGTON — The House on Wednesday may begin consideration of a bill that would alter the president’s authority to tap the Strategic Petroleum Reserve. President Joe Biden has said he would veto it.

Tribune News Service

Editorial: Soaring utility bill? Blame the instability of fossil fuels

Californians are being hit with big increases in their utility bills this winter as natural gas prices spike dramatically, and it’s exceptionally bad timing.

Los Angeles Times

Asda and Morrisons leading supermarket petrol price war that is seeing fuel prices plummeting

It now costs around £23 less to fill an average-sized car than it did in July

Wales Online

Can US shale gas save Europe from its energy crisis?

On the surface, booming US shale gas production looks like the perfect solution for Europe as it reels from the energy crisis created by tearing itself away from Russian gas. But analysts say it is no panacea.

France 24

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Tribune News Service

North Dakota oil production rough patch continues

North Dakota's oil industry posted another tepid month in November with production falling 2.1 %.

Bangkok Post

Erawan output set to normalise next year

PTT Exploration and Production Plc (PTTEP) expects gas production at the Erawan gas field in the Gulf of Thailand to increase to the normal level of 800 million metric standard cubic feet per day (MMSCFD) by April next year, part of efforts to increase domestic gas supply and reduce electricity…

Liverpool Echo

Cheapest places for petrol and diesel across Liverpool

We've taken a look at where you may be best visiting to save money

Reuters

Bulgaria seeks to revive trans-Balkan pipeline project to secure non-Russian oil

Bulgaria is looking to revive a trans-Balkan oil pipeline project to secure non-Russian crude oil supplies for its only oil refinery on the Black Sea, controlled by Russia's Lukoil, President Rumen Radev said on Tuesday.

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The Guardian - UK

Banks still investing heavily in fossil fuels despite net zero pledges – study

Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’

The Guardian - UK

Economists warn of global recession danger ahead of World Economic Forum at Davos – as it happened

Live, rolling coverage of business, economics and financial markets as economists for major businesses forecast weak economic growth in Europe and the US

Financial Times

What the end of the US shale revolution would mean for the world

Fracking catapulted America to the top of the energy hierarchy, but low yields and a lack of reinvestment threaten that position

Daily Record

COP28 has a fox in the henhouse as oil baron prepares to lead summit

Record View questions whether oil barons should be leading climate change talks at upcoming summit.

Reuters

EU needs to keep increasing pressure on Russia - von der Leyen

The European Union needs to keep increasing pressure on Russia and supporting Ukraine, European Commission president Ursula von der Leyen said on Friday.

Tribune News Service

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.

Daily Record

COP28 fury as one of world’s biggest oil barons appointed president of climate talks

EXCLUSIVE: Campaigners hit out at 'cruel joke' after Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, picked to lead crucial UN climate summit.

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