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Oil Prices Subdued, But For How Long?

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

South Korea Cuts Iran Oil Imports To Zero

South Korea Cuts Iran Oil Imports To Zero

U.S. ally South Korea has…

Oil Experts Divided As Iran Sanctions Loom

Oil Experts Divided As Iran Sanctions Loom

The world’s top oil trading…

News

Russia Claims Ukraine Owes it $7 Billion for Natural Gas it Never Used in 2012

Russia Claims Ukraine Owes it $7 Billion for Natural Gas it Never Used in 2012

Jan 28, 2013 at 16:41 | James Burgess

Russia has calculated that Ukraine owes it $7 billion for gas imports that it was contractually obliged to pay yet never took delivery of in 2012.It is probably…

Chernobyl's Role in the Fall of the Soviet Union

Chernobyl's Role in the Fall of the Soviet Union

Jan 28, 2013 at 16:39 | Charles Kennedy

The Soviet Union was destroyed by a nuclear explosion, an idea that is supported by non-other than Mikhail Gorbachev himself, the architect of its dismantling.On the 26th of…

Iraq v Kurdistan: Exxon Try to Play Both Sides of the Table

Iraq v Kurdistan: Exxon Try to Play Both Sides of the Table

Jan 25, 2013 at 16:54 | Joao Peixe

Officials in Baghdad have always stated that any company that arranges oil exploration contracts with the Kurdistan Regional Government (KRG) to the North will not be allowed to work in…

Solar Powered Planes Set to Bring Help to the World's Remote Locations

Solar Powered Planes Set to Bring Help to the World's Remote Locations

Jan 25, 2013 at 16:54 | James Burgess

There are many places in the world where the infrastructure does not exist to allow easy access, yet access is still required. Many remote ecosystems which support endangered species must…

Venezuela Sees Foreign Investment in Oil Fall in Political Vacuum Left by Chavez

Venezuela Sees Foreign Investment in Oil Fall in Political Vacuum Left by Chavez

Jan 25, 2013 at 16:52 | Joao Peixe

Due to the political vacuum left by Hugo Chavez’s absence whilst he battles cancer behind closed doors, Venezuela’s oil industry has experienced the first decline in foreign investment in five…

Britain Excited by Potential Oil and Gas Boom in the North Sea

Britain Excited by Potential Oil and Gas Boom in the North Sea

Jan 25, 2013 at 16:51 | Charles Kennedy

Over the years the estimates of untapped reserves in the North Sea have increased, and just recently the British Secretary of State for Energy and Climate Change, Ed Davey, announced…

US Company Uses Fracking Technique to Extract Uranium

US Company Uses Fracking Technique to Extract Uranium

Jan 24, 2013 at 16:42 | James Burgess

The US is obsessed with achieving energy independence and reducing its reliance on foreign oil, yet Amir Adnani, the CEO of Uranium Energy Corp. (UEC) in Texas, has stated that…

Electric Bike Completes 80 Day Trip Around the World for $400

Electric Bike Completes 80 Day Trip Around the World for $400

Jan 24, 2013 at 16:41 | Joao Peixe

An electric motorcycle known as the Zerotracer has recently completed an 80 day trip around the world, which it completed for a cost of just $400, making it the world’s…

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Jan 24, 2013 at 16:40 | Charles Kennedy

Ukraine has very nearly stepped out from under the shadow of Russia and its dependency on Natural gas supplies from Gazprom, by today signing a $10 billion deal to develop…

US Fracking Rigs Quickly Moving Away from Diesel to Nat Gas

US Fracking Rigs Quickly Moving Away from Diesel to Nat Gas

Jan 24, 2013 at 16:39 | Joao Peixe

More and more fracking drill rigs are converting to run on natural gas in preference to diesel, with the biggest affirmation of this being Apache Corp’s (NYSE:APA) announcement to power…

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