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News

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Oct 05, 2012 at 17:21 | Joao Peixe

The sanctions against Iran, which prevent any institution from trading with the country, mean that maritime insurers in London are unable to cover any tanker that is working with Iranian…

Meat becomes a Luxury Good in Iran as Inflation continues

Meat becomes a Luxury Good in Iran as Inflation continues

Oct 05, 2012 at 17:20 | Joao Peixe

Economic sanctions against Iran are really beginning to bite now. Hyperinflation has struck its currency, causing the rial to lose more than half its value against the dollar in the…

Hyperinflation Hits Iran: The Sanctions are Working

Hyperinflation Hits Iran: The Sanctions are Working

Oct 05, 2012 at 17:19 | Editorial Dept

The oil embargo against Iran has worked, assuming one defines "work" as a destruction of the Iranian rial which has fallen 33% in a week, 57% in three months and…

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Oct 04, 2012 at 17:22 | Joao Peixe

Back in January the Governor of Alaska, Sean Parnell, set a deadline for the three energy giants who are developing a project to build a massive pipeline to transport natural…

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Oct 04, 2012 at 17:19 | Joao Peixe

Reuters believes that Saudi Arabia, the world’s largest exporter of crude oil, will increase its selling prices to Asia during the month of November.The seasonal winter demand, as…

Turkish Parliament Approve Military Action Against Syria

Turkish Parliament Approve Military Action Against Syria

Oct 04, 2012 at 17:17 | Charles Kennedy

Yesterday, in the Turkish town of Akcakale, a shell fired across the nearby border with Syria hit a house, killing two women and three children.The killings highlight the…

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Oct 04, 2012 at 17:16 | James Burgess

Last month Citigroup released a report that Saudi Arabia, the world’s largest exporter of crude oil, could actually become a net importer by 2030 if its domestic consumption continues to…

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Oct 04, 2012 at 17:15 | James Burgess

Vestas Wind Systems has been able to increase the size of its giant V164 wind turbine due to recent technological developments that they have made.Vestas announced that the…

EPA Air Regulations Could Decimate the US Coal Power Industry

EPA Air Regulations Could Decimate the US Coal Power Industry

Oct 03, 2012 at 17:07 | Charles Kennedy

A group of economists at the Brattle Group have just released a report that studies the impact of the Environmental Protection Agency’s (EPA) air regulations on coal fired power plants.…

Obama Blocks Chinese Purchase of Wind Farms Over National Security Concerns

Obama Blocks Chinese Purchase of Wind Farms Over National Security Concerns

Oct 03, 2012 at 17:06 | James Burgess

The Chinese-owned company Ralls Corp. yesterday announced its intentions to sue Barack Obama for his decision, last week, to block the company’s purchase of four small wind projects in Oregon.…

British Nuclear Power Project Left Vulnerable after Bid is Withdrawn

British Nuclear Power Project Left Vulnerable after Bid is Withdrawn

Oct 03, 2012 at 17:04 | Joao Peixe

Back in March the German utility companies E.ON and RWE scrapped their plans to develop two new nuclear reactors in the UK, one at Wylfa in Wales and the other…

Latest Cyber-Attack Disrupts Iran's Internet Access

Latest Cyber-Attack Disrupts Iran's Internet Access

Oct 03, 2012 at 17:03 | Charles Kennedy

Iran has been the target of a number of cyber-attacks this year, and even though it increased the level of its cyber security following the Stuxnet virus in 2010, which…

Iraq to Invest $500 Billion in Energy Sector

Iraq to Invest $500 Billion in Energy Sector

Oct 02, 2012 at 17:04 | Charles Kennedy

At a recent conference, Iraq’s Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani, announced that his government plans to invest around $500 billion in the energy sector and linked industries…

New Solar Cell Produced with a 21% Conversion Efficiency

New Solar Cell Produced with a 21% Conversion Efficiency

Oct 02, 2012 at 17:03 | Joao Peixe

The Solar Industry Award 2012 for Excellence in Innovation was recently presented to the PV solar manufacturer Silevo for its market leading solar cell technology, called Triex. The…

Britain Only Owns 12.3% of its World Leading Offshore Wind Farm Sector

Britain Only Owns 12.3% of its World Leading Offshore Wind Farm Sector

Oct 02, 2012 at 17:01 | James Burgess

Britain is the world leader in the offshore wind farm market, accounting for 60% of all offshore wind farms in Europe.Yet the shocking reality is that, according to…

ConocoPhillips to Sell Stake in Giant Kazakh Oil Field

ConocoPhillips to Sell Stake in Giant Kazakh Oil Field

Oct 02, 2012 at 17:00 | Joao Peixe

ConocoPhillips has announced that it will sell its stake in Kazakhstan’s giant Kashagan oil field.Kashagan was declared commercially viable 10 years ago and is the largest oil discovery…

Liquid Air: An Efficient Energy Storage System

Liquid Air: An Efficient Energy Storage System

Oct 02, 2012 at 16:59 | James Burgess

Finding an efficient method for storing energy is vital for the future success of the renewable energy industry, as energy storage enables the variable nature of renewable sources to be…

Gazprom Funds Anti-Fracking Campaigns in Europe?

Gazprom Funds Anti-Fracking Campaigns in Europe?

Oct 01, 2012 at 16:54 | James Burgess

Is Moscow secretly funding campaigns against Europe’s shale gas plans? Quite possibly. Russia used to sell natural gas to Europe and the rest of the world for an average of…

Warren Buffet Purchases Two Huge Wind Farms in California

Warren Buffet Purchases Two Huge Wind Farms in California

Oct 01, 2012 at 16:52 | Joao Peixe

Warren Buffett, the US investment tycoon, has once again shown his commitment to the US renewable energy market by announcing his plans to buy two huge Californian wind farms.

Tesla Start to Install Solar Powered EV Charging Stations

Tesla Start to Install Solar Powered EV Charging Stations

Oct 01, 2012 at 16:51 | Charles Kennedy

Tesla has unveiled the first Supercharger station of its ambitious plan to install 100 throughout the US by 2015. The EV charging station is one of six that will be…

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