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UAE Boosts Production, Introduces New Crude Blend

UAE Boosts Production, Introduces New Crude Blend

UAE’s ADNOC is boosting production…

Libya And Nigeria Lead OPEC Production Boost

Libya And Nigeria Lead OPEC Production Boost

OPEC ramped up crude oil…

Oil Experts Divided As Iran Sanctions Loom

Oil Experts Divided As Iran Sanctions Loom

The world’s top oil trading…

News

IMF Report Calls for Governments to Drop $1.9 Trillion Energy Subsidies

IMF Report Calls for Governments to Drop $1.9 Trillion Energy Subsidies

Mar 27, 2013 at 17:50 | Joao Peixe

The International Monetary Fund (IMF) has just released a report covering a study into energy subsidies around the world and how much they cost governments. They analysed 176 countries…

Chinese Supertanker Visits Iranian Export Terminal

Chinese Supertanker Visits Iranian Export Terminal

Mar 27, 2013 at 17:14 | Joao Peixe

Back in July 2012 the EU imposed sanctions that prevented all European organisations from dealing with Iranian institutions. This meant that 95% of the world’s tanker fleet would have to…

Turning CO2 Directly into Transport Fuels

Turning CO2 Directly into Transport Fuels

Mar 27, 2013 at 17:13 | James Burgess

A team of researchers at the University of Georgia, USA, have developed a new method that can turn CO2, which exists in the atmosphere and is a major cause for…

Petrobras to Hopes to Raise $5 Billion with Nigerian Asset Sale

Petrobras to Hopes to Raise $5 Billion with Nigerian Asset Sale

Mar 27, 2013 at 17:12 | Charles Kennedy

Brazil’s state owned oil company, Petrobras, has begun its plan to divest itself of secondary assets and redirect investment to higher-return activities such as exploration and production as part of…

Fredriksen to Invest $2.6 Billion in Fleet of New Fuel Efficient Tankers

Fredriksen to Invest $2.6 Billion in Fleet of New Fuel Efficient Tankers

Mar 26, 2013 at 17:52 | James Burgess

John Fredriksen, the famed shipping baron, will spend $2.6 billion on the construction of the largest fleet of fuel efficient tankers in the world. He has decided to invest the…

Turning Roads into Giant Solar Energy Collectors

Turning Roads into Giant Solar Energy Collectors

Mar 26, 2013 at 17:51 | Joao Peixe

Roads soak up a lot of heat energy from the sun. During the summer it can often be unbearable to walk along the road in sunny areas as the heat…

Second LNG Super Tanker Arrives in UK to Help with Natural Gas Shortage

Second LNG Super Tanker Arrives in UK to Help with Natural Gas Shortage

Mar 26, 2013 at 17:50 | Joao Peixe

Due to unseasonably cold weather the UK has seen high demand for natural gas, far higher than anything expected, and the truth is that the country was not prepared.

Investment in Subsea Oil Operations Expected to be $13.9 Billion this Year

Investment in Subsea Oil Operations Expected to be $13.9 Billion this Year

Mar 26, 2013 at 17:47 | Charles Kennedy

Oil producers are working in ever more challenging environments as they continue to develop newer fields. Deepwater operations are becoming more common, with some oil being extracted in as a…

Landmark Deal Signed to Export US Shale Gas to the UK

Landmark Deal Signed to Export US Shale Gas to the UK

Mar 25, 2013 at 18:18 | James Burgess

In a sign that the US government is slowly loosening its grip on the export of its cheap shale gas, the energy company Centrica has signed a new deal that…

UK Faces Legal Action after Massaging Air Quality Data to Avoid Fines

UK Faces Legal Action after Massaging Air Quality Data to Avoid Fines

Mar 25, 2013 at 18:16 | Charles Kennedy

The European Commission may well open a new case against the UK after allegations were made by several green groups that air quality data for the city of London in…

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