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Renewable Energy Source

Growth of Renewables Surpassed Fossil Fuels in the Power Sector

A new study shows that the growth of renewable energy has surpassed fossil fuels in the power sector a year ago, with a record 135GW of capacity, added from solar, hydropower, wind, and other renewable sources. That is more than the generating capacity of over all nuclear reactors in the US and marginally not exactly […]

carbon emissions

Oil and Gas Companies back global agreement to curb carbon emissions

As a global agreement to back climate-warming, carbon emissions draw closer and oil and gas companies are talking about coal as a crucial part of the solution, altogether with renewable energy source like, solar power and wind. In December, Six European oil and gas companies including BP and Royal Dutch Shell wrote a letter to […]

Energy News

European energy groups approached UN government for backing carbon pricing system

For the first time six leading oil and gas companies have been banded together to ask –The UN to agree and help device, and plan to stop global warming at the end of the year. Chief Executive Officer of the six energy group wrote an official letter to the top UN official- in charge of […]

IEA and World Bank to Invest Money at Renewables

IEA and World Bank to Invest Money at Renewables

Recently, World Bank and IEA announced plans to spend more on renewables, as they think that enough money is not invested in such renewable source due to which industries often point out of having lower gains in their profit margins. So, IEA and World Bank came up with an alternative to spend more money in […]

Duke Energy

Duke Energy pleads guilty to causing coal-ash pollution, agrees to pay $102 million in fines

Duke Energy, the nation’s largest utility corporation, pleaded guilty on Thursday to nine breaches of the federal Clean Water Act for the illegal discharge of potentially toxic coal ash at five North Carolina power plants and for failing to monitor the equipment conditions in several power plants there. The company also agreed to pay $102 […]

Two proposed joint ventures with Gail Ltd and Rashtriya Chemicals and Fertilizers Ltd (RCF) are aimed at resuscitating the Talcher unit of another state-run firm, Fertilizer Corp. of India, which ceased operations back in 1999.

Coal India Ltd – World’s Largest Coal Producer to Diversify, Major Acquisition on the Way

Coal India Ltd. (CIL) world’s largest coal producers, is on the lookout for shareholders’ approval to modify its memorandum of association (MoA) in order to get into the business producing fertilizers and chemicals using coal gas. In a filing to Bombay Stock Exchange (BSE), the company said that the amendment will allow CIL to “To […]

Stanlow Oil Refinery

World Applauds Ambitious EPA Rule towards Carbon Cuts

SUMMARY: Japan says the U.S. Environmental Protection Agency’s plan to cut greenhouse-gas emissions from power plants by 30 percent from 2005 levels is a bold step towards fighting climate change.   “There are many states that are dependent on coal power,” environment minister Nobuteru Ishihara said at a news conference in Tokyo after the U.S. Environmental […]

Coal Energy Plant

Coal to outdo oil as key fuel of the global economy

According to energy consultancy firm Wood Mackenzie (Woodmac) Coal will outdo oil as the key fuel for the global economy by 2020. In spite of government efforts to abate carbon emissions, increasing demand in China and India will push coal past oil, as the two countries will need the comparatively cheaper fuel to power their economies, while coal requirement in the United States, Europe and the rest of Asia will remain stable.

New Power plants

EPA Presents Rules for New Power Plants in US

The Environmental Protection Agency urged to limit greenhouse-gas emissions from new power plants, the biggest source of carbon dioxide that linked to climate change. The EPA plans to unveil its proposal to cap the amount of heat-trapping greenhouse gas emissions from new power plants.

Glencore Xstrata merged finally on May 2, 2013

Glencore Xstrata saw its copper output climb 18%

Glencore Xstrata Plc, one of the world’s biggest mining companies, informed that its saw copper output climb staggering 18 percent in the first quarter as its assets in Congo increased significantly the production. Indeed, increased copper production in Africa certainly helped the company enjoy strong first-quarter performance as it seeks ways to expand.

Rio Tinto CEO Tom Albanese to step down

Rio Tinto CEO Albanese steps down after $14bn write-down

On the 17th of January, Rio Tinto Plc, the world’s second largest mining company, informed that its chief executive officer Tom Albanese would resign because of a $14 billion write-down on the value of assets which he supervised. The impairment charge mainly is associated with the $38 billion takeover of Alcan Inc. and the $4 billion coal purchase in Mozambique.

ENRC's chairman, Mehmet Dalman

Miner ENRC to extend role of Chairman Dalman

On the 23rd of November, the board of Eurasian Natural Resources Corp. PLC, the multinational natural resources company, informed that it had widened functions of its chairman, Mehmet Dalman. The decision to extend his responsibilities comes as Miner ENRC struggles with boardroom misunderstandings and corporate governance controversies. Due to the extension of Mehmet Dalman’s responsibilities, ENRC CEO will be able to focus on company’s cost and operational efficiencies.

Samin Tan, the shareholder of Bumi Plc

Bumi Plc Board Meeting Ends with Swap Shares Proposal

The board of Bumi Plc, one of world’s biggest thermal coal exporters, met in Singapore on the 11th of October to try to resolve internal disputes within the group as well as reverse the drop of the group’s share price. The meeting of the board, however, did not ended with pricking the bubble regarding the uncertain future of the company as analysts had anticipated. Instead, Bakrie family, which co-created the company with British-born financier Nat Rothschild, have proposed a “divorce” with Bumi Plc, offering to take back all Indonesian assets they brought almost two years ago.

Ivan Glasenberg, CEO at Glencore

Glencore delays vote on $34B merger with Xstrata

Glencore International Plc‘s $34 billion takeover bid for miner Xstrata Plc is back on after the commodities trader decided to adjourn a shareholder meeting which had been expected to vote on the deal. The decision about postponing the meeting is said to be a sign that Glencore considers a change in its offer. Analysts are convinced that Glencore will increase its bid.


Queensland Coal Production to Increase Due to BHP Billiton

BHP Billiton, the biggest miner in the world, has shifted focus to the Queensland coal output, which it aims to increase by a rate of about 10 percent every year over the course of the following two years, leading to a possible offset of lower prices that it anticipates for the majority of its goods over the extended term.

Power Grid

India Hit by Major Power Blackout

On Tuesday millions of people all over India had to go without power as one of the worst blackouts the world has ever seen hit the country, trapping people working in mines, stranding hundreds of railway passengers and plunging entire hospital buildings into complete darkness when power grids broke down for the second consecutive time in just two days.

Continental Coal Limited

Continental Coal Limited

A leading South African thermal coal producer, the portfolio of Continental Coal Limited includes producing and advanced coal projects located in South Africa’s major coal fields. With two currently operating mines, Vlakvarkfontein and Ferreira, producing 2Mtpa of thermal coal for the export and domestic markets, Continental’s aim for 2011 is to develop two more thermal […]

EIA Says U.S is Delivering the Pledge to Move Beyond Coal

EIA Says U.S is Delivering the Pledge to Move Beyond Coal

While the debt ceiling issue and the credit rating downgrade have been keeping the U.S under intense global scrutiny over the past few months, findings by the Energy Information Administration (EIA) that production of electricity from coal in the United States has dropped to its lowest ever in the last 30 years is definitely very […]

Ms. Elizabeth Dipuo Peters, South African Energy Minister

South Africa’s Energy Future

With developing alternative sources of energy having become a top priority globally, especially with nuclear technology being looked at increasingly skeptically after the Japan disaster, we spoke to Ms. Elizabeth Dipuo Peters, the Energy Minister of South Africa, to find out where she thinks the future of South Africa’s Energy sector lies. Ms. Elizabeth Dipuo Peters […]