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News

New Tax Break to Encourage Shale Oil Boom in Russia

New Tax Break to Encourage Shale Oil Boom in Russia

Nov 23, 2012 at 16:47 | James Burgess

The US and Russia had long been in a secret war to try and discover a method to access and extract hydrocarbons locked in tight rock formations such as shale.…

Repsol Looks to Repair Relationship with Pemex

Repsol Looks to Repair Relationship with Pemex

Nov 23, 2012 at 16:46 | Charles Kennedy

The Spanish oil company, Repsol, is in talks with the Mexican state-owned oil company, Pemex, in an attempt to repair their troubled relationship.Pemex is the third largest shareholder…

Finland is Chosen as the Best Location for a Baltic LNG Terminal

Finland is Chosen as the Best Location for a Baltic LNG Terminal

Nov 23, 2012 at 16:45 | Charles Kennedy

Consultants Booz & Company carried out a study at the request of the European Commission into the best location for a LNG terminal in the Baltic. The objective of the…

5 Positive Economic Trends in a Negative Economy

5 Positive Economic Trends in a Negative Economy

Nov 23, 2012 at 16:44 | Editorial Dept

Household debt is way down. ... The good news is that in the past three years, Americans have made remarkable progress cleaning up their balance sheets and paying down those…

$215.4 Billion of Investments in CDM Projects by End of 2012

$215.4 Billion of Investments in CDM Projects by End of 2012

Nov 23, 2012 at 16:43 | Joao Peixe

A recent report by the UN Framework Convention on Climate Change has estimated that a total of $215.4 billion of investments will have been made through the clean development mechanism…

Petrobras Records $8 Billion Loss after being Forced to Sell Gasoline below Cost

Petrobras Records $8 Billion Loss after being Forced to Sell Gasoline below Cost

Nov 22, 2012 at 17:07 | Charles Kennedy

In an effort to battle inflation in his country, Brazilian President Dilma Rousseff has forbidden the state-run oil company Petroleo Brasileiro SA - Petrobras (NYSE: PBR) from increasing its oil…

Germany's Renewable Energy Problems Serve as a Warning to the UK

Germany's Renewable Energy Problems Serve as a Warning to the UK

Nov 22, 2012 at 17:05 | Charles Kennedy

On the 14th of September 2012 the 3,500 wind turbines that exist around the UK managed to produce just over four gigawatts of power to the national grid; a record.…

Political Infighting in UK Government Leads to Higher Consumer Energy Bills

Political Infighting in UK Government Leads to Higher Consumer Energy Bills

Nov 22, 2012 at 17:03 | James Burgess

Damian Carrington, the author of the Guardian’s environment blog, recently spoke to an undisclosed senior executive from a major UK energy investment firm about the state of the UK…

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

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…

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

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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