Category: Energy

Rising oil prices haven’t hurt the US economy so far

Rising oil prices haven’t hurt the US economy so far

America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving less for other things. Presumably that kind of run-up would slow the […]

Read more ›
Toxic gas leak gives guests breathing problems at Sydney hotel

Toxic gas leak gives guests breathing problems at Sydney hotel

At least eight people at a publicly listed hotel in the Australian city of Sydney were hospitalized on Wednesday after breathing toxic gases flowing through the building’s air conditioning system, an ambulance official said.A worker accidentally mixed pool chlorine and hydrochloric acid, used as a cleaning agent, at the Pullman Hotel, Steve Vaughan, acting superintendent of New South Wales Ambulance […]

Read more ›
Pipe pressure before gas explosions was 12 times too high

Pipe pressure before gas explosions was 12 times too high

 The pressure in natural gas pipelines prior to a series of explosions and fires in Massachusetts last week was 12 times higher than it should have been, according to a letter from the state’s U.S. senators to executives of the utility in charge of the pipelines. Democratic U.S. Sens. Elizabeth Warren and Edward Markey sent the letter Monday seeking answers […]

Read more ›
Iran says Saudi Arabia and Russia have taken oil market ‘hostage’

Iran says Saudi Arabia and Russia have taken oil market ‘hostage’

 Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil sales. Washington wants to cut Iran’s oil exports to zero by November, and is encouraging producers such as Saudi Arabia, other OPEC members and Russia to pump more to meet […]

Read more ›
Gas explosions drive thousands out of homes in Boston suburbs

Gas explosions drive thousands out of homes in Boston suburbs

 Some 8,000 people were driven from their homes in the Boston suburbs by a series of gas explosions, and it was unclear on Friday when they could go back. The blasts killed at least one person, injured 12 more and destroyed dozens of homes and other buildings in Andover, North Andover and Lawrence on Thursday. “This has been obviously an […]

Read more ›
Toshiba’s NuGen slashes headcount at British nuclear project

Toshiba’s NuGen slashes headcount at British nuclear project

Toshiba’s NuGen has cut the team working on its British nuclear project, to fewer than 40 people from more than 100 as a sale of the project is taking longer than expected, NuGen said on Tuesday. The plant in Moorside, north-west England, was expected to provide around 7 percent of Britain’s electricity when built, but has faced several setbacks after […]

Read more ›
Russia’s Gazprom revives Korean gas pipeline idea amid easing tensions

Russia’s Gazprom revives Korean gas pipeline idea amid easing tensions

 Russian natural gas producer Gazprom is revisiting plans to build a pipeline to South Korea across North Korea after noting signs of easing tensions on the Korean peninsula, a Gazprom executive said on Tuesday. Deputy CEO Alexander Medvedev told an economic forum in Russia’s far east that Gazprom had returned to the idea of the pipeline in June “now signs […]

Read more ›
Fuelling independence? Scotland’s oil hub embraces green energy

Fuelling independence? Scotland’s oil hub embraces green energy

Scotland’s leader Nicola Sturgeon launched on Friday a major renewable energy project boasting the world’s most powerful wind turbines, which she hopes will also propel the independence ambitions of her nationalist party. The 11 191-metre-high turbines in the waters of Aberdeen Bay will eventually produce 312 GWh of power a year – enough to power 80,000 households – helping to […]

Read more ›
Pipeline company found guilty in 2015 California oil spill

Pipeline company found guilty in 2015 California oil spill

A pipeline company was convicted of nine criminal charges Friday for causing the worst California coastal spill in 25 years, a disaster that blackened popular beaches for miles, killed wildlife and hurt tourism and fishing. A Santa Barbara County jury found Houston-based Plains All American Pipeline guilty of a felony count of failing to properly maintain its pipeline and eight […]

Read more ›
UK regulator sets energy price cap at 1,136 pounds a year

UK regulator sets energy price cap at 1,136 pounds a year

Britain’s regulator on Thursday proposed a price cap on default dual fuel energy bills of 1,136 pounds a year, which it hopes to implement by the winter, following a government promise to tackle “rip-off” prices. The energy regulator, Ofgem, said it would review the price caps twice a year until 2023, by which time it aims to have introduced measures […]

Read more ›