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“By 2030, 95% Of Consumers In The World Won’t Own A Car”

Stanford Professor Tony Seba predicts…

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As Breakeven Prices Converge An Oil Price Crash Nears

Both fundamentals and technical indicators…


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Australian Mining Software Company Expanding Into Kazakhstan

Jun 22, 2011 at 19:13 | Joao Peixe

Australia’s Gemcom Software International Inc., which provides mining software, is opening an office in Kazakhstan’s Almaty. Gemcom AustralAsia senior vice president Andrew Pyne said, "Gemcom has long been involved in…

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Nigerian Government Grapples With Endemic Energy Shortages

Jun 21, 2011 at 22:07 | Charles Kennedy

Nigeria’s ongoing energy shortages have attracted promises from the federal government to address the issue. Nigerian President Goodluck Jonathan directly addressed the issue during the 27th convocation ceremony of the…

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Russia Tests Aerial Spent Nuclear Fuel Transport Containers

Jun 21, 2011 at 19:38 | Charles Kennedy

The Russian Federal Nuclear Center in Sarov has completed successful tests of the world's first aerial transport container for spent nuclear fuel from research reactors. The Russian Federal Nuclear Center…

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Lebanon Protests Israeli-Cypriot Energy Agreement

Jun 21, 2011 at 18:31 | Charles Kennedy

Lebanon’s Minister of Foreign Affairs Adnan Mansour has sent an official letter of protest to UN Secretary General Ban Ki-moon expressing Lebanon's objection to a bilateral Israeli-Cypriot agreement delineating an…

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International Energy Companies Move Into Mozambique

Jun 21, 2011 at 16:10 | Joao Peixe

A joint consortium between Italian oil company Ente Nazionale Idrocarburi (ENI) and Portugal’s Galp-Energia expects to start exploring for oil and natural gas in Mocambique offshore Rovuma Basin off Cabo…

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Russia Considers Importing Australian Uranium for Processing

Jun 21, 2011 at 15:29 | Joao Peixe

Russia’s Rosatom atomic state corporation director-general Sergei Kirienko told reporters that he and Australian Safeguards and Non-Proliferation Office head Robert Floyd have exchanged letters that effectively constitute a memorandum of…

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Analysts Worry Korean Energy Policies Might Backfire

Jun 20, 2011 at 21:31 | Joao Peixe

Analysts warn that South Korea might face a diplomatic backlash from placing its top foreign policy focus on securing energy resources from developing nations. So far this year South Korea’s…

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Russia Unlikely to Join the International Energy Agency Soon

Jun 20, 2011 at 21:19 | Charles Kennedy

Gazprom head Aleksei Miller has said that its unlikely that Russia will join the International Energy Agency anytime soon. Speaking on the sidelines of the St Petersburg economic forum Miller…

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Colombia's Insurgents Target Energy Infrastructure

Jun 20, 2011 at 21:16 | Charles Kennedy

Colombia’s Fuerzas Armadas Revolucionarias de Colombia – Ejército del Pueblo, more commonly known by the acronym FARC, is the western hemisphere’s longest running guerrilla insurgency, dating from 1964. In its…

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Pakistan's Fuel Scarcity and Unpaid Bills Shutter 12 Power Plants

Jun 20, 2011 at 20:10 | Joao Peixe

Pakistan’s endemic power crisis has reached a new level, with ongoing fuel scarcities and unpaid bills leading to the temporary closure of 12 of the country’s power plants. During the…

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