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News

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…

Explosion Sabotages Turkish Pipeline Carrying Natural Gas from Iran

Explosion Sabotages Turkish Pipeline Carrying Natural Gas from Iran

Oct 19, 2012 at 16:53 | Joao Peixe

Less than a week ago gas began to flow again through a Turkish pipeline carrying Iranian natural gas following an attack that had disrupted supplies. Now Turkish officials are once…

Rosneft to Dominate Russian Energy Industry if Offer for TNK-BP is Accepted

Rosneft to Dominate Russian Energy Industry if Offer for TNK-BP is Accepted

Oct 19, 2012 at 16:52 | James Burgess

According to Bloomberg, Rosneft is set to overtake Gazprom and become the largest oil and gas company in Russia if BP accepts its offer to buy their 50 percent stake…

US Wind Industry Installed Record Number of Wind Turbines in 2012

US Wind Industry Installed Record Number of Wind Turbines in 2012

Oct 19, 2012 at 16:51 | Charles Kennedy

The American Wind Energy Association (AWEA) was proud to announce that a record number of wind turbines have been installed in 2012, although how long that growth will continue depends…

Kuwait Oil Company Set Fire to Well to Control Leak of Poisonous Gas

Kuwait Oil Company Set Fire to Well to Control Leak of Poisonous Gas

Oct 18, 2012 at 17:27 | Joao Peixe

The Kuwaiti news agency KUNA has reported that the Kuwait Oil Company has set fire to one of its wells in the huge Rawdatin oil field to the north of…

Hopes are High as Drilling Set to Begin in Israel's Pelagic Natural Gas Fields

Hopes are High as Drilling Set to Begin in Israel's Pelagic Natural Gas Fields

Oct 18, 2012 at 17:26 | Joao Peixe

In recent times exploration companies have found large reserves of natural gas in the Eastern Mediterranean leading to many oil and gas companies racing to buy up offshore licenses in…

Building Wind Turbine Towers from Wood

Building Wind Turbine Towers from Wood

Oct 18, 2012 at 17:25 | Charles Kennedy

How could you make a renewable energy even more environmentally friendly?The German company, Timber Tower, believes it may have an answer. Create wind turbines from renewable materials, in…

Rosneft Close to Announcing Decision on TNK-BP Takeover

Rosneft Close to Announcing Decision on TNK-BP Takeover

Oct 18, 2012 at 17:24 | James Burgess

TNK-BP is a joint venture company between BP and a group of Russian billionaire oligarchs, known as AAR, after the three business groups that make up the consortium: Alfa Group,…

Iran Launches Submarine and Destroyer into Gulf During US Naval Exercises

Iran Launches Submarine and Destroyer into Gulf During US Naval Exercises

Oct 17, 2012 at 17:27 | Charles Kennedy

This week the US, UK, France, and a few Middle Eastern countries are conducting naval exercises in the Gulf of Persia to practice clearing mines that Iran, or other groups…

Poor Market Conditions will See 180 Solar Manufacturers Fail by 2015

Poor Market Conditions will See 180 Solar Manufacturers Fail by 2015

Oct 17, 2012 at 17:26 | Joao Peixe

A recent report by GTM Research suggests that due to the oversupply of the solar industry at least 180 solar panel makers will go out of business or be bought…

Pirates Commandeer Another Oil Tanker Near the Niger Delta

Pirates Commandeer Another Oil Tanker Near the Niger Delta

Oct 17, 2012 at 17:25 | James Burgess

The Niger Delta is the heart of Africa’s oil industry, yet the Gulf of Guinea, the area in which the delta is situated, is a hot spot for piracy. Only…

Colombia Holds Auction for Oil Blocks

Colombia Holds Auction for Oil Blocks

Oct 17, 2012 at 17:24 | James Burgess

Today in Oslo, Norway, the Colombian government is beginning peace talks with the Revolutionary Armed Forces of Colombia, the nation’s largest rebel guerrilla group, hoping to negotiate an end to…

DOD Wants Military Cyber-Shock Troops to Battle Hackers

DOD Wants Military Cyber-Shock Troops to Battle Hackers

Oct 16, 2012 at 17:12 | Charles Kennedy

Leon Panetta, the US Secretary of Defence, recently made the strong declaration that the US is at risk of a “cyber Pearl Harbour”. He claims that the vast increase in…

Doubling the Efficiency of Solar Cells by Using Nanowires

Doubling the Efficiency of Solar Cells by Using Nanowires

Oct 16, 2012 at 17:11 | James Burgess

Bandgap Engineering, a startup from Woburn, Massachusetts, hopes that its method of using nanowires to create solar cells will enable it to eventually double the amount of power generated.

EU Ministers Tighten Sanctions on Iran

EU Ministers Tighten Sanctions on Iran

Oct 16, 2012 at 17:10 | James Burgess

Having made little progress in talks with Iran over its nuclear program, the EU has decided to increase pressure on Tehran by tightening sanctions. Yesterday in Luxembourg, EU…

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