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Energy

BP cuts oil production in favour of green energy

Today 12:00pm - BP is taking its business in a new direction, announcing it will slash its oil and gas production by 40 per cent and increase its annual investment in low-carbon technology to $5 billion, a 10-fold increase over its current level.

Business risk and covid-19 are pushing Asian financiers away from coal

Today 12:00pm - The use of coal as an energy source is steadily declining in the US and Europe, but coal mining and the construction of coal-fired power plants continues across South and Southeast Asia.

Europe is going all-in on hydrogen power - why isn’t the US?

Today 12:00pm - Once upon a time, hydrogen was supposed to be the future of energy. The possibilities for hydrogen power seemed endless: it could fuel our cars, heat our homes, and even power our airplanes. But 175 years after the creation of the first “gas battery,” the technology has yet to reach its full potential.

Wood cheaper than electricity for emissions cuts, says Fonterra

Wednesday - Fonterra favours wood over electricity for reducing emissions from its South Island plants.

Downstream turns on the power

Tuesday - Pumped-hydro, a "blind" focus on renewable electricity instead of cutting emissions from all energy systems, and the closure of the Tiwai Point aluminium smelter are all on the agenda at this year's Downstream Conference. GAVIN EVANS of Businessdesk is there.

Big Oil takes big hit from covid-19

Tuesday - The world's leading oil and gas giants are revealing the scale of the damage inflicted on the industry by the coronavirus pandemic, with top American companies reporting billions in losses while some European companies were able to eke out small profits.

More coal power-generation closed than opened last year

Tuesday - The size of the global coal power fleet fell for the first time on record over the first six months of the year, with more generation capacity shutting than starting operation.


Big Hydro not the only way, says energy expert

Prof Ralph Sims

27 Jul 20 - Paying industry not to use electricity during peak demand should be considered as an alternative to a multi-billion-dollar new hydro scheme, an energy expert says.

Stored electricity can make cleaner fuels

22 Jul 20 - With renewable energy now the cheapest way of mass-producing electricity, the race is on to find the best way to conserve the surplus for use at peak times, and also to use the stored electricity to...

Making electricity from methane-rich water

21 Jul 20 - The massive Lake Kivu stores huge amounts of methane gas, which Rwanda is extracting to produce electricity.

Booming wood-pellet business is bad for the climate

14 Jul 20 - The United States' Environmental Protection Agency is expected to propose a new rule declaring burning biomass to be carbon neutral, as industry looks to expand its domestic markets.

Greens put pressure on coal-fired boilers

13 Jul 20 - The Green Party wants coal-fired industrial boilers outlawed within five years.

After the global oil and gas industry crash, what next?

13 Jul 20 - AN ESTIMATED $US1.6tn has been wiped from the global oil and gas industry this year, but the danger for Australia’s LNG sector remains little acknowledged.

ARDERN: Watch this space

6 Jul 20 - Prime Minister Jacinda Ardern is hinting at a major announcement on renewable energy.

$10b of precious metals dumped each year in e-waste

6 Jul 20 - At least $10 billion worth of gold, platinum and other precious metals are dumped every year in the growing mountain of electronic waste that is polluting the planet, according to a new UN report.

We've 'reached peak emissions and oil demand'

2 Jul 20 - Global oil demand and carbon dioxide emissions probably peaked in 2019 as the Covid-19 pandemic will have a lasting impact on both, says energy consultancy DNV GL.

Storing electricity under ground...

2 Jul 20 - A Texas company has plans to store surplus electricity under ground - in pressurised water.

...and in tall brick towers

2 Jul 20 - Welcome to the Energy Vault - a giant tower with a crane at its centre and thousands of massive stackable bricks, each weighing more than a fully loaded school bus.

Refinery rescue not on the agenda, says Jones

Shane Jones

30 Jun 20 - The Government is aware of the role the Marsden Point oil refinery could play in the transition to a low-carbon economy, but buying it back is not on the agenda, the infrastructure minister says.


More in the Energy Archive

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Vegetarianism in schools is entirely appropriate

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Westpac NZ and Contact Energy agree first sustainability-linked loan

16 Jan 20 - MEDIA RELEASE WESTPAC NZ & CONTACT ENERGY: Westpac NZ and Contact Energy have...

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