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Colombia Looks At Shale As Oil Reserves Plunge

Colombia’s oil production continues to…

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Why Tesla Is Interested In Offshore Wind

Interest in offshore wind is…

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Oil Prices Lag In Spite Of Strong Inventory Draws

Global crude inventories are drawing…

News

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South Korean Consortium Acquires 40% Stake in Abu Dhabi Oil Fields

Nov 22, 2012 at 17:01 | Joao Peixe

The Ministry of Knowledge Economy, part of the South Korean government, announced at the beginning of the week that a consortium of oil companies from the country had signed a…

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DESERTEC in Trouble as Bosch, Siemens, and Spain Pull Out

Nov 21, 2012 at 17:15 | Joao Peixe

DESERTEC is a hugely ambitious plan to supply Europe with 15% of its energy requirements from renewable sources, mostly concentrated solar power plants, based in Northern Africa and connected to…

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Brent Looks Set to Replace WTI as the International Benchmark for Oil

Nov 21, 2012 at 17:14 | Joao Peixe

For years WTI has been the global benchmark for oil, yet now it seems as though Brent will finally overtake it and become the hedge of choice for investors around…

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Why Oil Markets Should Keep a Close Eye on the Syrian Conflict

Nov 21, 2012 at 17:13 | Joao Peixe

The various conflicts and standoffs littered across the Middle East are affecting global oil markets to varying degrees. Lately the deteriorating situation in the Gaza strip between Israel and Palestine…

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Gulf of Mexico Platform Explosion Caused by Hot Work

Nov 21, 2012 at 17:12 | Charles Kennedy

Investigations continue into the explosion that occurred on the West Delta 32 platform in the Gulf of Mexico on Friday morning.Initial theories point to the possibility that a…

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California's Shale Formation is Four Times as Large as the Bakken

Nov 20, 2012 at 17:27 | Joao Peixe

Perhaps one of the more overlooked aspects of the International Energy Agency’s (IEA) recent World Energy Outlook 2012 and its detailed analysis of the US hydrocarbon potential, is the dilemma…

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Billionaire Investors George Soros and John Paulson Load up on Gold

Nov 20, 2012 at 17:26 | Joao Peixe

The famous, billionaire investor George Soros has just recently invested millions of dollars into gold bullion, leaving other investors wary of his view of the US economic recovery; Forbes Magazine…

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Iran Accuses Saudi Arabia of Exploring for Oil in Prohibited Border Region

Nov 20, 2012 at 17:25 | Joao Peixe

Political relations throughout the Middle East seem to be worsening on an almost daily basis. One situation of particular concern is the deteriorating relationship between Iran and Saudi Arabia.

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Trader Sentenced to Seven Years in Prison for $2.3 Billion Loss on Illegal Trade

Nov 20, 2012 at 17:23 | James Burgess

Kweku Adoboli, the ex-UBS AG trader, who caused $2.3 billion in losses for his bank due to illegal, unauthorised trading (the largest in British history), has been sentenced to seven…

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1,200 New Coal Plants Planned for Construction Around the World

Nov 20, 2012 at 17:16 | Charles Kennedy

A new report by the World Resource Institute (WRI), titled “Global Coal Risk Assessment: Data Analysis and Market Research”, claims to be the most comprehensive of its kind that…

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