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Energy

US officials tussle over arms embargo, sanctions in oil-flush South Sudan
While top US diplomats have privately backed a weapons ban amid the bloody civil war in South Sudan, a new report indicated that US National Security Advisor Susan Rice is chiefly responsible for stalled attempts at an arms embargo in the oil-rich nation.

26.01.2015 15:50

Pakistan plunges into darkness as attack leaves 140mn without power
Over 140 million Pakistanis were left without power after militants attacked the national grid with blasts specifically targeting power pylons. Some are still waiting for power to return.

25.01.2015 22:36

North Dakota pipeline leaks crude oil, 3mn gallons of fracking byproduct
Nearly 3 million gallons of saltwater and an as yet unknown amount of crude oil have leaked from a northwest North Dakota pipeline into a creek that feeds into the Missouri River. Officials have called the leak the largest of its kind in state history.

23.01.2015 15:09

​Austria to sue EU over UK nuclear plant subsidy approval
Austria plans to take the European Commission to court over its approval of state subsidies to the $24-billion nuclear power plant Hinkley Point C, which is set to become the UK’s first new nuclear reactor in two decades.

22.01.2015 15:03

‘Davos geniuses ill-equipped to recognize economic structural problems, address inequality’
It’s doubtful the Davos forum will address unemployment as the participants are more concerned with what model of car they should buy than care about people who work for living, says Curtis Ellis Executive Director of the American Jobs Alliance.

22.01.2015 08:59

Total to slash spending on US shale and North Sea projects
The French oil major is to deeply cut investment in US shale and dramatically reduce North Sea field expansion in the UK as the oil price plunges, its CEO said at the Davos forum.

21.01.2015 14:39

​UK fracking application ‘should be refused’ due to noise pollution – report
Fracking plans in Lancashire should be rejected due to the “unacceptable” levels of noise and pollution it will create, a report recommends.

21.01.2015 12:22

Breached pipeline spills up to 50,000 gallons of oil into Yellowstone River
A breached oil pipeline in Montana has spilled as many as 50,000 gallons of crude oil in and around the Yellowstone River, according to the state. Bridger Pipeline LLC has yet to determine the cause, but has claimed the public is in no immediate danger.

19.01.2015 16:51

Plunging oil prices could kill electric and hyrbid cars
Gas-guzzling cars are gaining favor once again, as low oil prices are cheapening petrol, driving consumers away from more economic and expensive eco-friendly models.

19.01.2015 08:23

Nuclear waste trains to carry UK passengers
A state-owned British train company that transports the nation’s nuclear waste is due to offer a passenger service along the Cumbria coast in northwest Britain, as demand for train travel rises and the UK’s railway network struggles to keep up.

16.01.2015 15:06

‘Boom-bust economy’: IMF praise of UK economic growth dismissed as inaccurate by experts
IMF chief Christine Lagarde’s claim that Britain’s economic growth is inclusive, sustainable and a positive model for struggling European states has been dismissed as inaccurate by experts.

16.01.2015 09:21

Oil jumps after IEA hints at ‘price recovery’ and OPEC slowdown
Brent crude jumped 3.25 percent, briefly touching above $50 a barrel at 1:35pm GMT after the International Energy Agency (IEA) reported OPEC will produce less oil in the second half of 2015, as weak prices cut into revenues.

16.01.2015 11:49