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Latest Energy News | World News

  • DOE, Intel Work to Keep ‘Moore’s Law’ From Expiring

    Published: 21 July 2014

    There are two ways to double the number of transistors on a computer chip: Either make the chip twice as big – not an option for small electronic devices – or halve the size of the transistors.This second option is what Gordon Moore, founder of Intel Corp., was referring to in a paper he wrote in 1965 when he enacted what quickly became known as Moore’s Law, that the number of transistors on a chip of a given size would double every two years.After a half-century, there’s been concern that the law will soon expire because the current chemical mix…

  • AngloGold Ashanti Signs Gas Deal For Aussie Mines

    Published: 21 July 2014

    Gold miner AngloGold Ashanti (NYSE:AU) has signed a $140 million agreement with natural gas infrastructure business APA Group (ASX:APA) for a natural gas pipeline to supply the remote Tropicana and Sunrise Dam gold mines in Western Australia.The 292 kilometer Eastern Goldfields Pipeline will connect AngloGold's mines to APA’s existing pipelines and is seen saving the South African miner millions of dollars in energy costs.“Gas power generation is expected to reduce cash operating costs at both sites by between A$25-$30 an ounce,” said Michael Erickson, AngloGold Ashanti’s senior vice president in Australia.The companies said engineering, design and procurement work has begun,…

  • Russia Touts South Stream Pipeline As Europe’s Gas Lifeline

    Published: 18 July 2014

    Russia is mounting a major publicity campaign in Europe for its proposed South Stream gas pipeline in an apparent effort to reassure its EU customers that they can rely on Russian gas for the indefinite future.The reason for Moscow’s public relations efforts is the continuing unrest in Ukraine. EU countries now get about 30 percent of their gas from Russia, half of it piped through Ukraine. Twice, in 2006 and 2009, that flow has been interrupted. Gas flows to Europe through Ukraine are intact today, but that status may change depending on whether relations between Russia and Ukraine improve or…

  • Rosneft Scoffs At U.S Sanctions, Says Western Investors Could Suffer

    Published: 18 July 2014

    Rosneft, Russia’s government-owned oil giant, says news U.S. sanctions imposed because of Moscow’s suspected role in the continuing fighting in Ukraine are not only “illegitimate,” but they also won’t work as Washington intended.On July 16, the Obama administration imposed its strictest sanctions yet on Russia, including denying Rosneft access to American debt or equity markets for some new financing. Still, the penalties didn’t include prohibitions on U.S. companies or individuals from continuing to do business with Rosneft or with Novatek and Gazprombank, other Russian companies targeted by the sanctions.In a statement on July 18, Rosneft shrugged off the new sanctions, saying…

  • U.S. Oil Trade Imbalance With Canada Shrinking

    Published: 17 July 2014

    Thanks in large part to its energy-rich oil sands, Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance has begun to shrink, primarily because of the recent U.S. oil boom.The National Energy Board in Ottawa reports that the United States imported about 2.7 million barrels of Canadian oil per day in April 2014. In the same month, Canada imported about 263,000 barrels of U.S. crude, according to the U.S. Energy Information Administration.While the differences remain great, U.S. northbound exports for April doubled in a year and grew six-and-a-half times over their…

  • A Cheaper Way To Make Hydrogen Fuel

    Published: 17 July 2014

    Scientists say they’ve identified a more efficient and less expensive way to make hydrogen fuel.The technology, based on carbon nanotubes, is a catalyst for electrolysis reactions, which use electric currents to split water molecules into hydrogen and oxygen.“Hydrogen has long been expected to play a vital role in our future energy landscapes by mitigating, if not completely eliminating, our reliance on fossil fuels,” says Tewodros (Teddy) Asefa, associate professor of chemistry and chemical biology at Rutgers. “We have developed a sustainable chemical catalyst that, we hope with the right industry partner, can bring this vision to life.”Finding ways to make…

  • Using Nanotubes To Make Cheaper, Cleaner Hydrogen Fuel

    Published: 16 July 2014

    Hydrogen has a reputation as a clean source of energy, especially when compared to fossil fuels such as oil and coal. But there’s just one problem: You need to burn methane, itself a fossil fuel, to make hydrogen. So with current technology, hydrogen isn’t as clean as its reputation.Add to that, current technology is expensive because to isolate hydrogen you must create electrolysis reactions, which separates hydrogen atoms from oxygen atoms in water. Again, with current technology, you need expensive platinum as a catalyst for that process.So hydrogen fuel isn’t that clean and isn’t that inexpensive – yet. But a…

  • WTO Calls Out U.S. On Chinese Solar Tariffs But The Real Issue Is Manufactured B

    Published: 16 July 2014

    On Monday the World Trade Organization (WTO) found the United States guilty of violating global trade rules when it imposed punitive import duties in 2012 on a number of Chinese products, including solar panels. In the $7.2 billion case, the 3-member WTO panel found that the U.S. was unjustifiably imposing countervailing duties as a response to the alleged subsidies that the Chinese government was providing to exporting firms.U.S. Trade Representative Michael Froman called the outcome a “mixed result” since the panel also rejected some of the Chinese arguments against the U.S. countervailing duties, saying that the U.S. “will take all…

  • Rosneft Buys Weatherford Operations In Russia, Venezuela

    Published: 15 July 2014

    Russian state-owned Rosneft, the most productive oil company in the world, is buying the land drilling operations of Weatherford International in Russia and Venezuela in a deal that’s viewed as a benefit both sides.For Weatherford, the deal, expected to be closed in the autumn, will mean shedding some of its less profitable enterprises. As one analyst, Brad Handler of Jeffries Group LLC, told Bloomberg News, the company already has been “purging non-core businesses,” and will make $500 million in the process.Weatherford is an oil and gas services and equipment company founded in Texas and based in Geneva. Earlier this year,…

  • Don’t Be Afraid Of The Damp

    Published: 15 July 2014

    Charging your cell phone might one day be as easy as exposing it to humidity.In 2013, Nenad Miljkovic, a postdoctoral researcher at the Massachusetts Institute of Technology, and Evelyn Wang, an MIT associate professor, along with two other researchers learned that when drops of water bounce off superhydrophobic, or highly water-repellent, surfaces, they develop an electric charge.More recently, they learned that this process can generate extremely small amounts of electricity that, if enhanced, could be used to charge cell phones and other electronic devices simply by using ambient humidity in the air.According to their research, published in the journal Applied…