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gas hob

Energy suppliers SSE and Npower in 'well advanced' merger talks

Two of the UK's 'Big Six' energy companies hope to form a mammoth supplier serving over 12 million households.

Nov 7, 2017

By Gaurav Sharma

Hiroya Kawasaki

Insider reveals 'culture of fear' that drove Kobe Steel scandal

Ex-employee tells IBTimes UK that senior managers at Japan's industrial giant were too scared or proud to admit failures that have now amplified into a colossal scandal.

Oct 27, 2017

By Gaurav Sharma

Shinzo Abe Japan

gas hob

Theresa May's UK energy price cap will 'squeeze margins' for Centrica, SSE

Price controls unveiled by the Primer Minister could put some energy suppliers under severe strain, says ratings agency.

Oct 18, 2017

By Gaurav Sharma

South Sudan famine Unicef

Oil-rich South Sudan faces fuel shortage as 'people suffer'

Its a cruel irony that an economy which gets 98% of its revenue from oil faces one of its worst fuel crises following years of conflict.

Oct 13, 2017

By Associated Press

BHP Billiton expects copper to be king in world of electric vehicles

Electric cars require four times as much copper to manufacture compared to traditional fossil fuel variants.

Sep 26, 2017

By Karthick Arvinth

Gazprom Headquarters

Russia's Gazprom topples US behemoth ExxonMobil as the world's leading energy company

ExxonMobil's 12-year reign at the top comes to an end as lower oil price sends it tumbling down the pecking order.

Sep 25, 2017

By Gaurav Sharma

Maana

'Big oil' players are not 'big data' laggards, says tech start-up co-founder

Babur Ozden, co-founder of Maana, who works with the biggest names in the oil and sector believes it's wrong to presume the industry trails digitally.

Sep 12, 2017

By Gaurav Sharma

Royal Dutch Shell LON:RDSB Microsoft

Glencore selling most of its stake in Russia's Rosneft to Chinese company

FTSE 100 miner to divest stake a mere nine months after buying it in conjunction with Qatar Investment Authority.

Sep 8, 2017

By Associated Press

LON:GLEN Russia

sevastopol rosneft

Oil price rise due to 'weaker dollar and not Opec pact', says Rosneft boss

Russian majority state-owned company's CEO Igor Sechin says Opec deal has 'no impact' on market.

Sep 8, 2017

By Gaurav Sharma

wind farm ferry

Green energy cost declines prompt 'surge' in industry growth

New research suggests falling renewable energy costs are being complemented by higher efficiencies.

Sep 7, 2017

By Gaurav Sharma

oil

Crude symbolism: France to ban oil and gas production on 'home soil' by 2040

However, only 1% of Paris' needs are met by next to negligible domestic production.

Sep 6, 2017

By Associated Press

Sylvester Turner

Houston's mayor says city 'open for business' despite huge hurdles

Sylvester Turner said America's oil and gas capital was looking to get back on track.

Sep 4, 2017

By Associated Press

Hurricane Harvey map

Port Arthur refinery and pipeline closures spark record spike in US gasoline prices

Storm Harvey, which has already resulted in several US Gulf coast refineries being shut, continues to disrupt supplies.

Aug 31, 2017

By Gaurav Sharma

Oil price falls but US gasoline futures spike as storm Harvey wreaks havoc on Texas

Record rainfall causes severe flooding and takes 2.2m bpd of US refinery output offline.

Aug 29, 2017

By Gaurav Sharma

Energy companies evacuate staff and shut sites as Texas braces for 130mph Hurricane Harvey

Gasoline prices respond to possible disruption as refineries, ports and exploration sites are closed with "life-threatening" storm in sight.

Aug 25, 2017

By Gaurav Sharma

China's President Xi Jinping and Saudi Arabia's king Salman bin Abdulaziz Al-Saud

'Sovereign Bedfellows'? China and Saudi Arabia join coffers for $20bn investment fund

Details of the unique fund emerge as Riyadh attempts to overtake Moscow as the leading supplier of crude oil to Beijing.

Aug 24, 2017

By Staff Reporter

Paul Singer

Paul Singer's hedge fund Elliott Management ups ante in tussle with BHP Billiton

Activist investor will now have power to call a general meeting and table resolutions via its increased stake in the company.

Aug 16, 2017

By Gaurav Sharma

Cornwall

'Lithium Rush': Ex-banker fronts start-up hunting for sought after metal in Cornwall

Silvery-white alkaline metal is a key component of high power long-lasting batteries.

Aug 14, 2017

By Gaurav Sharma

Donald Trump and Kim Jong Un's nuclear rhetoric extends gold price spike

Spot and futures prices rose for third successive session following war of words between Washington and Pyongyang.

Aug 11, 2017

By Gaurav Sharma

Donald Trump Gold

Crude Oil Pump Jack

Bearish IEA report punctures nascent oil market rally

Think-tank predicts slow 'rebalancing' of stubbornly high oil inventories.

Aug 11, 2017

By Gaurav Sharma

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