Energy

Hinkley Point: UK approves nuclear plant deal

The government has approved a new £18bn nuclear power station in the UK after imposing “significant new safeguards” to protect national security. The new plant at Hinkley Point in Somerset is being financed by the French and Chinese governments. However, the… Source: Hinkley Point: UK approves nuclear plant deal – BBC News Read More »

After Libya’s Oil Grab, Compromise Could Lead to a Restart of Exports

The seizure of Libya’s main pre-2013 oil terminals by an opposition force is a blow to the authority of Libya’s fledgling UN-backed Presidency Council. Claudia Gazzini But smart compromises might help restart the flow of oil, as Crisis Group’s Senior Libya analyst Claudia Gazzini explains in this Q… Source: After Libya’s Oil Grab, Compromise Could Lead to a Restart of Exports | International Crisis Group Read More »

Call to halt Great Australian Bight oil drilling amid faulty equipment fears

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Exclusive: MPs and activists want BP’s exploration licences to be suspended over ‘very critical safety issue’ identified by US regulators Michael Slezak Oil rigs poised to begin drilling in the Great Australian Bight could use faulty equipment that US regulators say is very likely to cause a “catastrophic incident” like the… Source: Call to halt Great Australian Bight oil drilling amid faulty equipment fears | Environment | The Guardian Read More »

Large-scale solar to triple after what could be Arena’s final renewable energy grants

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Greens urge Labor to oppose $1bn cut to Australian Renewable Energy Agency, removing its future capacity for grants Michael Slezak A giant surge of investment in renewable energy has been sparked by what might be the last grants made by the Australian Renewable Energy Agency, as the… Source: Large-scale solar to triple after what could be Arena’s final renewable energy grants | Environment | The Guardian Read More »

BP chief executive: We have no plans to quit the Russian market

On the sidelines of the 2016 Eastern Economic Forum RBTH sat down with Robert Dudley, the BP chief executive, to discuss sanctions and Russia’s ambitious energy projects… Source: BP chief executive: We have no plans to quit the Russian market | Russia Beyond The Headlines Read More »

Report of the Commission on the Eastern Mediterranean

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Shaul Chorev, Mary Landrieu, Ami Ayalon, Seth Cropsey, Charles D. Davidson, Douglas J. Feith, Arthur Herman, Ron Prosor, Gary Roughead & Eytan Sheshinski Authoritarian politics, energy and computer technology and war are rapidly transforming the Eastern Mediterranean.Political instability — triggered by the Arab Spring — has made the region extraordinarily violent. Syria is disintegrating; millions of refugees from the conflict have spread across the… Source: Report of the Commission on the Eastern Mediterranean – by Shaul Chorev Mary Landrieu Ami ... Read More »

Cyprus-Egypt pipe deal opens door for East Med gas

Cyprus has signed a deal to build a pipeline to supply Egypt with natural gas once production starts from the Aphrodite field located offshore the Mediterranean island. The agreement sets the political framework for additional commercial agreements, Cyprus’ Energy Minister Yiorgos Lakkotrypis and Egypt’s Petroleum Minister Tarek el-… Source: Cyprus-Egypt pipe deal opens door for East Med gas Read More »

Israel Courts Foreign Money in Effort to Become Gas Exporter

LONDON — Israel’s energy minister laid on the charm as he spoke to a few dozen oil executives, contractors and analysts in a crowded hotel conference room about the country’s natural gas prospects. By STANLEY REED  He crowed that the country could one day be a top supplier to Europe, while explaining how multinationals in other industries were already… Source: Israel Courts Foreign Money in Effort to Become Gas Exporter – The New York Times Read More »

UN hearing puts spotlight on Timor Sea

East Timor hopes a UN Conciliation Commission hearing in The Hague, which started on Monday, will help solve a feud with neighbouring Australia over maritime boundaries in the Timor Sea. East Timor started the compulsory conciliation process, conducted under the United Nations Convention on the Law of the Sea, in April. A five-member panel of independent conciliators will try to help the… Source: UN hearing puts spotlight on Timor Sea | Natural Gas Daily Read More »

Turkmenistan seeks to deliver its hydrocarbons to West

By Nigar Abbasova Turkmenistan, an energy-rich Central Asian nation with abundant hydrocarbon reserves, is keen to diversify the routes of its gas export. Being the sixth in the world for the volume of natural gas reserves, the former Soviet republic is considering Europe as one of the most promising markets for the… Source: Turkmenistan seeks to deliver its hydrocarbons to West Read More »

On Timor, Australia looks like it’s denying an impoverished neighbour its birthright

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This week’s conciliation talks in The Hague give Australia a new chance to do the right thing by the new country to help it secure its future Ben Saul Australia and Timor-Leste start conciliation talks in The Hague on Monday in an effort to resolve their bitter legal dispute over maritime boundaries – and $40bn of… Source: On Timor, Australia looks like it’s denying an impoverished neighbour its birthright | Ben Saul | Opinion | The Guardian Read More »

The Philippines’ Misguided Plan to Stop South China Sea Tensions

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Cooperating on oil won’t work – but fishing might. Former Philippine president Fidel Ramos was in Hong Kong earlier this month to meet his “old friends” in hopes of breaking ice with Beijing. In a statement issued Thursday, Ramos and his interlocutors, including prominent Chinese diplomat Fu Ying, said they discussed the… Source: The Philippines’ Misguided Plan to Stop South China Sea Tensions | International Crisis Group Read More »

Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. CAROLE NAKHLE Its oil activity spans more than one century and the country enjoys a colorful corporate landscape where large and small international companies and national companies cooperate and continue to make significant discoveries. From a regional perspective, having such a major competitor right at their… Source: Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean – Carnegie ... Read More »

Our planet is heating – the empirical evidence

In an entertaining and somewhat chaotic episode of ABC’s Q&A (Monday 15th August) pitting science superstar Brian Cox against climate contrarian and global conspiracy theorist and now senator Malcolm Roberts, the question of cause and effect and empirical data was raised repeatedly in regard to climate change. Watching I pondered the question – what would I need to change my… Source: Our planet is heating – the empirical evidence Read More »

Israel Gas exploration blocked due to friction with Lebanon

The fear of a clash with Lebanon is behind Israel’s moratorium on gas exploration to the north of its exclusive economic zone (EEZ), according to a report in the Israeli daily Yedioth Ahronot. Israel and Lebanon have no diplomatic relations but there is a 1949 cease-fire agreement that is violated from time to time. Despite that, the US government in recent years has tried to settle the… Source: Israel Gas exploration blocked due to friction with Lebanon Read More »

America Is Smashing Russia and OPEC’s Grip On The Oil Market

The shale gas revolution in the United States is overturning the old order. Anthony Fensom Far from being threatened by recent weak prices, America’s status as an emerging energy superpower has solidified in 2016, weakening OPEC’s grip over the… Source: America Is Smashing Russia and OPEC’s Grip On The Oil Market | The National Interest Read More »