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News

Masdar City: The Most Sustainable City in the World to Open in 2025

Masdar City: The Most Sustainable City in the World to Open in 2025

Feb 09, 2012 at 09:59 | James Burgess

The ambitious $19 billion Masdar City is already six years into production and has been set a completion date of between 2020 and 2025 (having worked with builders before I’d…

Canada Moves Closer to Supplying China with Oil Following New Agreement

Canada Moves Closer to Supplying China with Oil Following New Agreement

Feb 08, 2012 at 15:34 | James Burgess

Canadian Prime Minister, Stephen Harper, is currently on a visit to China in order to boost cooperation in many key areas between the two countries. The first step towards this…

ConocoPhillips May Exit Nigeria, Libya, Vietnam, Algeria and Kazakhstan

ConocoPhillips May Exit Nigeria, Libya, Vietnam, Algeria and Kazakhstan

Feb 08, 2012 at 15:27 | James Burgess

ConocoPhillips is an integrated energy company with assets of approximately $75 billion, and employs 56,000 people across 49 countries. They have recently announced plans to sell assets in Nigeria, Libya…

Cold Snap Sign of European Dependence on Russian Gas

Cold Snap Sign of European Dependence on Russian Gas

Feb 08, 2012 at 09:04 | Daniel J. Graeber

Russia’s natural gas monopoly during the weekend said it was having trouble keeping up with European demand during a brutal cold snap gripping much of the eurozone. Russian Prime Minister…

China Look to Take Advantage of Iran's Situation by Negotiating New Oil Prices

China Look to Take Advantage of Iran's Situation by Negotiating New Oil Prices

Feb 08, 2012 at 09:02 | James Burgess

In a turn of events that could prove disastrous for Iran, it has found its largest exporter, China, recently reducing the amount of oil it buys and looking for other…

Qatar to Spend $20 Billion on Power Generation and Water Desalination

Qatar to Spend $20 Billion on Power Generation and Water Desalination

Feb 07, 2012 at 12:34 | James Burgess

According to a report released by Beltone Financial the Arab State of Qatar is predicted to spend more than $20 billion on power generation and water desalination over the next…

Pakistan Looks to Qatar for Help with Energy Crisis

Pakistan Looks to Qatar for Help with Energy Crisis

Feb 07, 2012 at 12:29 | James Burgess

87,000 Pakistanis currently work in the Arab kingdom of Qatar, contributing to its growing economy. On Monday, in an attempt to further strengthen the two countries relations, the Pakistani Prime…

Natural Gas Analysis for the Week of February 6, 2012

Natural Gas Analysis for the Week of February 6, 2012

Feb 07, 2012 at 07:50 | FX Empire

March Natural Gas “followed-through” to the upside last week after the previous week’s closing price reversal bottom if you consider a .0060 move through the previous high a follow-through rally.…

Saudi Aramco to Spend $200 Billion on Oil & Gas Investments Over the Next Decade

Saudi Aramco to Spend $200 Billion on Oil & Gas Investments Over the Next Decade

Feb 03, 2012 at 12:27 | Charles Kennedy

Saudi Aramco, the largest crude oil exporter in the world is to expand its refining capacity and increase its oil and gas exploration activities. The company has a $200 billion…

Nepal and Bangladesh to Establish Joint Venture 3,000 Megawatt Power Plant

Nepal and Bangladesh to Establish Joint Venture 3,000 Megawatt Power Plant

Feb 02, 2012 at 20:27 | John Daly

There is a tendency when considering massive power projects in the Third World to view them as ventures in which the host countries lack expertise, capital, or both, necessitating outside…

What is the Real Unemployment Rate?

What is the Real Unemployment Rate?

Feb 02, 2012 at 11:05 | Editorial Dept

Similar variations of this adjusted unemployment rate make headlines now and again. Our colleague Ed Luce, for instance, noted in December that “if the same number of people were seeking…

World's Largest Rare Earth Metal Refinery to Open in Malaysia

World's Largest Rare Earth Metal Refinery to Open in Malaysia

Feb 02, 2012 at 08:14 | James Burgess

China holds a global monopoly of rare earth metal, vital to smart phones, wind turbines, electric vehicles and many other components of the modern world. During a territorial dispute in…

GE to Build 150 MW Wind Farm in Kenya

GE to Build 150 MW Wind Farm in Kenya

Feb 02, 2012 at 08:13 | James Burgess

Kenya’s rapid economic growth is is causing its electricity demand to grow at about 14% per year. The country is heavily reliant on fossil fuel imports, but wants to develop…

Scientists Worried by the Rush to Develop Arctic Oil and Gas Resources

Scientists Worried by the Rush to Develop Arctic Oil and Gas Resources

Feb 02, 2012 at 08:11 | James Burgess

The Arctic is a goldmine of untapped resources. According to a 2008 estimate by the US Geological Survey it boasts 90 billion barrels of oil (13% of the world’s recoverable…

Azerbaijan in No Position to Capitalize on Proposed Iranian Oil Sanctions

Azerbaijan in No Position to Capitalize on Proposed Iranian Oil Sanctions

Feb 02, 2012 at 08:09 | Shahin Abbasov

Energy-rich Azerbaijan appears to be quietly backing the idea of tightened international sanctions against its southern neighbour, Iran. But it seems that Baku won’t profit from a potential European Union…

€169 Billion: The Cost of Industrial Air Pollution to Europe in 2009

€169 Billion: The Cost of Industrial Air Pollution to Europe in 2009

Feb 01, 2012 at 13:38 | James Burgess

The financial costs of air pollution and global warming is not often reported by mainstream media stations, but maybe we should be made more aware of them, as a 2011…

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Feb 01, 2012 at 11:26 | James Burgess

Due to tight rules for petroleum fuels in developed countries, demand growth is expected to decrease. The margins are also small, and as a result many of the oil majors…

Turkey Take Iran to International Arbitration Over High Gas Prices

Turkey Take Iran to International Arbitration Over High Gas Prices

Feb 01, 2012 at 11:24 | James Burgess

In 2009 the ICC had to resolve a dispute between Turkey and Iran over gas supplies, and Turkey was awarded $800 million compensation related to gas purchases from Iran. Now…

Qatar to Spend $25 Billion on Petrochemical Development

Qatar to Spend $25 Billion on Petrochemical Development

Jan 31, 2012 at 13:34 | James Burgess

Qatar has grown to become the world’s largest liquefied natural gas (LNG) exporter over the last decade, and has now announced plans to spend $25 billion on the expansion of…

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Jan 31, 2012 at 13:33 | James Burgess

Fears that Western sanctions against Iran over its nuclear program will cause a deficit in oil supply compared to demand are apparently unnecessary as senior oil executives, traders and strategists…

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