News

More Than 1,000 New Coal Plants Planned Worldwide

World Resources Institute identifies 1,200 coal plants in planning across 59 countries, with about three-quarters in China and India More than 1,000 coal-fired power plants are being planned worldwide, new research has revealed. The huge planned expansion comes despite warnings from politicians, scientists and campaigners that the planet’s fast-rising carbon emissions...

Indonesia Inaugurated as International Energy Agency Member

Indonesia has officially joined the International Energy Agency (IEA) as an associate member in an effort to ensure better energy development in Indonesia. “I have reported to President Joko Widodo the results of energy ministerial meeting and the IEA members meeting held from 17-18 November, 2015 in Paris, France,” the...

Vale and BHP to Pay $260m More for Brazilian Dam Burst

The mining giants had already been ordered to pay 250m reais after a dam burst at a mine run by Samarco, a firm they jointly own. Twelve people remain missing following the incident in southern Brazil that set off a deadly mudslide. The fine will provide aid to the victims and...

Norfolk-Based Offshore Oil and Gas Expands into Aberdeen

IVB (Inspection Verification Bureau), which provides inspection and verification services to the oil, gas and renewable energy sectors, has invested in staffed offices in Europe’s oil and gas capital to meet existing and new clients’ needs. The move is already paying off with new relationships being forged for contracts to...

The Bright Future of Clean Energy

With high-stakes climate negotiations just around the corner, things are looking rosy for the producers and sellers of wind turbines and solar panels. In just a couple weeks, world leaders will gather in Paris to hash out a global agreement to combat climate change. On Thursday, top diplomats from the...

Eight Major Economies Vow to Double Renewable Energy by 2030

Renewable energy supply is set to double collectively in eight major economies by 2030 spurred on by new national climate and energy plans, according to new analysis by World Resources Institute (WRI). These renewable energy levels will be 18 percent higher in 2030 than previously projected growth rates, WRI...

What Data Mining News Coverage Can Teach Us About Global Events

What can massive data mining of global news coverage tell us about the economic sanctions against Russia or global reaction to China’s economic slowdown? The Cross Country Emerging Markets Unit at BBVA Research recently produced a reportsummarizing their work on tracking geopolitical and social events. In the report, they...

Saudi Minister Says Asia Will Drive Oil Demand

Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi said. OPEC’s chief joined him in seeing Asia as the main hub for growth. Oil demand in Asia will rise...