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Energy



The latest energy and utilities news



Published: Mon, 27 Mar 2017 21:12:51 GMT

Last Build Date: Tue, 28 Mar 2017 02:50:58 GMT

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Johnson hopes to sway Trump on climate action

Mon, 27 Mar 2017 21:12:51 GMT

British foreign secretary argues need to fight global warming at White House meetings



Saudi Arabia slashes Aramco tax rate ahead of IPO

Mon, 27 Mar 2017 16:05:19 GMT

Oil company’s tax rate cut from 85% to 50% as part of drive to woo private investors



US producers build up sales hedges as oil falls

Mon, 27 Mar 2017 07:43:01 GMT

Cash flows and capital spending protected even if crude price continues to slide



Hurricane Energy discovers oil west of Shetland

Sun, 26 Mar 2017 15:11:43 GMT

Find adds to series of wells that may be biggest beneath UK waters this century



Oil trading surge strengthens commodity houses’ grip

Sun, 26 Mar 2017 12:12:23 GMT

Vitol, Glencore and Trafigura handle daily volumes equivalent to half Opec output



Oil producers adjust to reduced hopes for Kurdistan

Sun, 26 Mar 2017 04:03:03 GMT

After political and resource issues, groups hope to benefit from crude price rebound



Vitol handles record amount of fuel as demand leaps

Fri, 24 Mar 2017 18:25:19 GMT

Independent oil trader ships more than 7m barrels a day in 2016 but sees turnover drop



Trump pipeline approval faces environmental backlash

Fri, 24 Mar 2017 16:14:03 GMT

Go-ahead on $8bn Keystone project sets stage for battle with campaigners



Shell sells Gabon assets to Carlyle-backed group

Fri, 24 Mar 2017 10:46:55 GMT

$1bn deal is latest sign of private equity investors buying mature oil and gasfields



Sinopec’s South Africa deal marks overseas shift

Fri, 24 Mar 2017 04:16:25 GMT

China’s oil companies move downstream as bid for upstream assets stumbles



BHP’s Chilean mine strike set to end on Saturday

Thu, 23 Mar 2017 18:09:28 GMT

Work stoppage longest in the country since 1973



Eni makes significant oil discovery off Mexican coast

Thu, 23 Mar 2017 15:59:01 GMT

Italian group first foreign company to find reserves since country’s energy reforms



Rockhopper in legal fight with Italy over oil

Thu, 23 Mar 2017 15:45:40 GMT

Dispute relates to restrictions on offshore activity introduced in January 2016



Centrica hands chief a 40% pay rise

Wed, 22 Mar 2017 18:21:35 GMT

Details come at sensitive time for industry as government weighs up action on tariffs



Kepco rules out buying Westinghouse stake

Wed, 22 Mar 2017 08:05:52 GMT

South Korean utility’s decision is a blow to Toshiba’s efforts to find a buyer



Waning coal-fired power demand lifts climate hopes

Wed, 22 Mar 2017 00:02:54 GMT

Freeze on 100 plants in China and India boosts chances of averting dangerous warming



Gas Natural to file €1bn complaint against Colombia

Tue, 21 Mar 2017 18:58:26 GMT

Response to Bogotá’s seizure of power supply business Electricaribe



Saudi Aramco to launch first public bond sale

Tue, 21 Mar 2017 17:50:31 GMT

State oil group plans to sell $2bn in Islamic compliant debt



Russia remains open to further Opec-backed oil cuts

Tue, 21 Mar 2017 16:28:07 GMT

Brent crude has fallen towards $50 a barrel, having started the year at $57



Electric cars pose little threat to oil demand

Tue, 21 Mar 2017 13:14:22 GMT

Majority of vehicles will remain powered by petrol for at least the next 2 decades