• 2 days Iraq Begins To Rebuild Largest Refinery
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  • 7 days Forties Pipeline Could Remain Shuttered For Weeks
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Breaking News:

Iraq Begins To Rebuild Largest Refinery

News

New Technology Creates Petroleum from Air

New Technology Creates Petroleum from Air

Oct 23, 2012 at 17:13 | Charles Kennedy

A small firm of engineers from the North of England have developed a revolutionary new technology that could change the entire energy world; their technology produces petrol from air.

BP's Deal with Rosneft Effectively Seals Russia Off from Other International Oil

BP's Deal with Rosneft Effectively Seals Russia Off from Other International Oil

Oct 23, 2012 at 17:13 | James Burgess

BP’s decision yesterday to accept Rosneft’s offer for its shares in TNK-BP in return for $12.3 billion and a 19.75% stake in Rosneft, has cemented its position as the dominant…

Investors Demand that Oil Sands Developers Reduce the Environmental Impact

Investors Demand that Oil Sands Developers Reduce the Environmental Impact

Oct 23, 2012 at 17:12 | Gloria Gonzalez

Canadian oil sands developers must dramatically reduce the environmental and social impact of their operations, according to investors. The developers should take steps to lower their greenhouse gas…

Poll Shows UK Public Prefer Wind Power over Natural Gas

Poll Shows UK Public Prefer Wind Power over Natural Gas

Oct 23, 2012 at 17:11 | Joao Peixe

A new ICM opinion poll in the UK has shown that the public are in fact against the Chancellor George Osborne’s ‘dash for gas’ policy.When asked if they…

Baghdad Loses its Grip as Kurdistan Starts to Sell Oil on International Markets

Baghdad Loses its Grip as Kurdistan Starts to Sell Oil on International Markets

Oct 22, 2012 at 17:36 | Charles Kennedy

In a move that will undoubtedly enrage the government in Iraq, and at the same time open the doors further for Kurdistan’s way to full autonomy from Baghdad, the Kurds…

The Maldives to Begin $138 Million Renewable Energy Project

The Maldives to Begin $138 Million Renewable Energy Project

Oct 22, 2012 at 17:35 | James Burgess

The Maldives, perhaps one of the most beautiful, and yet equally most endangered nations on the planet, has announced that it plans to begin development of a $138 million renewable…

Rosneft Finally Agree Deal to Buy TNK-BP for $54.8 Billion

Rosneft Finally Agree Deal to Buy TNK-BP for $54.8 Billion

Oct 22, 2012 at 17:32 | James Burgess

Its official, OAO Rosneft has agreed to buy TNK-BP for $54.8 billion, in what will be the third biggest oil acquisition ever. The deal will turn the Russian, state owned,…

South Korea Chosen as Host for the UN's New $100 Billion Green Climate Fund

South Korea Chosen as Host for the UN's New $100 Billion Green Climate Fund

Oct 22, 2012 at 17:31 | Joao Peixe

South Korea has beaten competition from Germany, Mexico, Namibia, Poland, and Switzerland, to be announced as the host for the UN’s new Green Climate Fund (GCF); the headquarters of which…

Gasoline Prices Set to Fall across the US

Gasoline Prices Set to Fall across the US

Oct 22, 2012 at 17:29 | Editorial Dept

From Reuters: Average U.S. retail gas prices drop 8 cents in two weeks: survey Gasoline prices averaged $3.7529 per gallon on October 19, down from $3.8375 on October…

Saudi Arabia's Ambitious Renewable Energy Plans

Saudi Arabia's Ambitious Renewable Energy Plans

Oct 19, 2012 at 16:54 | Joao Peixe

Prince Turki Al Faisal Al Saud, one of Saudi Arabia’s top spokesmen, has confirmed that Saudi Arabia has plans to generate 100% of its power from renewable sources, and low…

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