Mark Lammey

Business reporter at the P&J. Formerly online editor and deputy business editor at The Moscow Times.
Americas

Trump approves plan to drill oil from manmade Arctic island

25/10/2018

The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude -- marking the first approval of an oil production facility in federal Arctic waters.

Americas

Exxon sued by New York AG over climate change

25/10/2018

The New York Attorney General filed a lawsuit against Exxon Mobil, claiming the Texas-based oil giant had misled investors about its readiness to tackle the financial challenges climate change posed to their business.

Americas

‘Frack Master’ pleads guilty for 12-year prison sentence

24/10/2018

The self-proclaimed "Frack Master" Chris Faulkner of Dallas-based Breitling Energy agreed to a plea deal with a 12-year prison sentence for securities fraud, money laundering and tax evasion, the Securities and Exchange Commission said.

Africa

Powerful Potential: Growth Opportunities in Africa’s gas Sector

24/10/2018

The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.

Americas

OPINION: US shale has a glaring problem

24/10/2018

Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit.

Other News

Expansion of substation receives council approval

24/10/2018

Highland council has approved an expansion to the electricity substation at Auchteraw, Fort Augustus, but said local councillors have the opportunity to consult communities on traffic, noise and landscape impacts.

Asia

Saudi parades $50bn of deals in bid to save summit

23/10/2018

Saudi Arabia showcased international deals worth about $50 billion as the kingdom tried to put the best possible gloss on a flagship investment summit shunned by global business leaders after the killing of Jamal Khashoggi.

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