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Latest Energy News | World News

  • New Trial for BP Engineer Involved in Deepwater Horizon

    Published: 02 July 2015

    It seems that the news stemming from the investigation into the Deepwater Horizon oil spill in the Gulf of Mexico has been consistently bad for BP and others involved in the drilling project off the coast of Louisiana. But on June 30, the British energy giant got a bit of good news. A federal appeals court in New Orleans has agreed to void the conviction of a former engineer for BP and said he is entitled to a new trial on a charge of obstruction of justice related to the investigation of the disaster. On June 30, the 5th U.S.…

  • Can This Robot Make French Nuclear Power Plants Safer?

    Published: 01 July 2015

    No, RIANA isn’t a pop star (she spells her name differently), but it could become extremely popular, especially among the nuclear energy crowd. RIANA is the acronym for Robot for Investigations and Assessments of Nuclear Areas. Definitely not too sexy for its shirt, or any other item of clothing, but potentially valuable if you run an atomic power plant and need a mobile tool that can operate in radioactive environments to map, sample and measure radioactivity. The robot was developed by the French energy engineering company Areva Corp. to be what the firm calls the “Swiss army knife of nuclear…

  • Canada’s Carbon Emissions Rules Sparks Hopes For Keystone

    Published: 01 July 2015

    TransCanada Corp. has written to U.S. Secretary of State John Kerry arguing that new Canadian rules on emissions should persuade him to approve the construction of the much-delayed Keystone XL pipeline. The proposed US$6.4 billion project would carry an estimated 830,000 barrels of Canadian crude oil per day from Hardisty, Alberta, to Steele City, Nebraska, then link up with Keystone’s existing line, which would take the oil on the final leg to the Texas coast of the Gulf of Mexico. Keystone XL is strongly opposed by environmentalists both in the United States and Canada, and President Obama says he won’t…

  • Gazprom Reduces Discount For Gas To Ukraine

    Published: 30 June 2015

    For the next three months Ukraine will keep getting a discount on the gas it imports from neighboring Russia, but the discount will be smaller than it has been previously. Russian Prime Minister Dmitri Medvedev said June 29 that effective July 1, under the new discount, Ukraine will pay $247 per 1,000 cubic meters for the gas provided by his country’s state-run Gazprom. The current discount, which expires June 30, has been $100, but for the next three months will be cut by 60 percent to about $40. The reason, Medvedev said, is the past year’s persistently low price of…

  • British Shale Industry Just Took Another Blow

    Published: 30 June 2015

    Everybody seemed to want it but the people of Lancashire County in northwestern England. The national government in London supports hydraulic fracturing, or fracking, to release gas from shale rock, and so did the planning staff of the Lancashire County Council. But the council itself voted June 29 to reject the application by shale gas explorer Cuadrilla Resources to drill four wells in the region and to use fracking to test their ability to produce gas. So far only a single shale gas well has been fracked in Britain. It was a project, also developed by Cuadrilla Resources, and also…

  • Argentina Plans Asset Seizure Of Falkland Oil Companies

    Published: 29 June 2015

    Is it just election fever, or is Argentina serious about reclaiming the Falklands Islands?Presidential elections loom in the country in October, so perhaps it’s not surprising that a Lilian Herraez, a federal judge in Tierra del Fuego, Argentina’s southernmost region, ordered the seizure of $156 million in property and bank holdings of oil drilling companies, including Noble Energy of the United States.The government in Buenos Aires said on June 27 that the other targets of asset seizures were Edison International of Italy and three British-based companies, Falkland Oil and Gas Ltd., Premier Oil Plc and Rockhopper Exploration Plc.Related: Investors Should Prepare…

  • Chinese Oil Rig Returns To Vietnam Coast

    Published: 29 June 2015

    Beijing may be stirring up new resentment among nations bordering the South China Sea by moving an oil rig back to an area of the coast of Vietnam.China’s Maritime Safety Administration said the rig, the $1 billion Hiyang Sgiyou 981, would conduct “ocean drilling operations” in search of oil and gas from June 25 to Aug. 20, about 75 nautical miles south of Sanya, a resort city on the Chinese island province of Hainan, according to Reuters. That site also is about 100 nautical miles east of Vietnam’s coast.Beijing urged all vessels traveling in the area to stay at least…

  • Fukushima Not Even Close To Being Under Control

    Published: 26 June 2015

    Fukushima’s still radiating, self-perpetuating, immeasurable, and limitless, like a horrible incorrigible Doctor Who monster encounter in deep space.Fukushima will likely go down in history as the biggest cover-up of the 21st Century. Governments and corporations are not leveling with citizens about the risks and dangers; similarly, truth itself, as an ethical standard, is at risk of going to shambles as the glue that holds together the trust and belief in society’s institutions. Ultimately, this is an example of how societies fail.Tens of thousands of Fukushima residents remain in temporary housing more than four years after the horrific disaster of March…

  • TransCanada Blames Low Energy Prices For Latest Job Cuts

    Published: 25 June 2015

    Oil prices may have been leveling off recently, but don’t tell that to TransCanada Corp, a pipeline company which this week laid off 185 people from its Major Projects department. In an e-mail on June 23, TransCanada spokesman Mark Cooper said, “This morning 185 workers within the major projects department were advised that their positions have been eliminated. This includes approximately 100 full-time employees who have been advised that their positions have been eliminated.” The rest, he said, were contractors with the pipeline company. Cooper said they layoffs were “designed to ensure we move forward with our $46 billion [US$37…

  • Damaged Santa Barbara Pipeline Sees Exxon Halt Offshore Production

    Published: 25 June 2015

    Exxon Mobil Corp. has shut down production at three offshore oil platforms until it can come up with a way to resume transportation of the crude that was interrupted last month by a pipeline break that fouled a stretch of the Pacific coast of California’s Santa Barbara County. Until the pipeline is repaired, Exxon had hoped to use tanker trucks, each with a capacity of 6,720 gallons, to make up to 192 trips per day to transport the oil to from a company facility near the Pacific coast to several destinations, including an oil refinery in San Luis Obispo County,…

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