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News

Exxon Mobil and Rosneft Sign Another Arctic Exploration Agreement

Exxon Mobil and Rosneft Sign Another Arctic Exploration Agreement

Feb 14, 2013 at 14:06 | Joao Peixe

Exxon Mobil (NYSE: XOM)and Rosneft have strengthened their partnership even further by completing an agreement that will give Exxon Mobil access to an extra 234,000 square miles in the Russian…

Statoil Steals Market Share from Gazprom with New Gas Pricing Strategy

Statoil Steals Market Share from Gazprom with New Gas Pricing Strategy

Feb 14, 2013 at 14:06 | James Burgess

The model has worked fine for many years, however oil prices are now at constantly high levels and the European utilities are starting to complain and pressure their suppliers to…

Company Receives Funding to Bring its Solar PV Coloured Glass to Market

Company Receives Funding to Bring its Solar PV Coloured Glass to Market

Feb 14, 2013 at 14:05 | Charles Kennedy

Oxford Photovoltaics, a solar company linked to the University of Oxford, has received £2 million from the clean tech investors MTI Partners, in order to advance the development of its…

FERC Accuses Barclays of Manipulating US Energy Markets

FERC Accuses Barclays of Manipulating US Energy Markets

Feb 13, 2013 at 16:45 | James Burgess

The U.S. Federal Energy Regulatory Commission (FERC) is using instant messaging banter between traders to build a case that proves that Barclays Plc (BARC.L) manipulated the US energy markets from…

Saving the Climate One Cow Fart at a Time

Saving the Climate One Cow Fart at a Time

Feb 13, 2013 at 16:43 | Joao Peixe

Methane is one of the worst greenhouse gases. Whilst not as abundant as carbon dioxide, and therefore not quite as well publicised, it is actually 24 times as affective as…

Close Approach Asteroid Worth $200 Billion to Space Miners

Close Approach Asteroid Worth $200 Billion to Space Miners

Feb 13, 2013 at 16:43 | Joao Peixe

This Friday the asteroid 2012 DA14, the largest ever known asteroid to make a close approach to the Earth, will pass just 17,200 miles (for two objects in space that…

Shell to Invest $1 Billion in Floating LNG Plant in India

Shell to Invest $1 Billion in Floating LNG Plant in India

Feb 13, 2013 at 16:41 | Joao Peixe

The US Energy Information Administration has predicted that as India’s economy grows and its demand for energy booms, natural gas will play a far larger role in the generation of…

Shell Tows its Arctic Drill Rigs to Asia for Major Repairs

Shell Tows its Arctic Drill Rigs to Asia for Major Repairs

Feb 12, 2013 at 16:38 | Joao Peixe

You must admit one thing about Royal Dutch Shell (NYSE: RDS.A); they are persistent in the face of adversity.Their Arctic exploration plans have faced calamity after calamity, racking…

US Authorities Give Go Ahead for CNOOC's $15.1 Billion Purchase of Nexen Inc.

US Authorities Give Go Ahead for CNOOC's $15.1 Billion Purchase of Nexen Inc.

Feb 12, 2013 at 16:37 | Charles Kennedy

It is official; CNOOC will buy Nexen Inc. (NYSE: NXY) for $15.1 billion!Seven months after CNOOC first proposed the purchase the Committee on Foreign Investment in the United…

Is Apache Finally Set to Grow after Spending $16 Billion on New Assets?

Is Apache Finally Set to Grow after Spending $16 Billion on New Assets?

Feb 12, 2013 at 16:33 | James Burgess

Bloomberg explained it best when they wrote that: “the more Apache tries to grow, the more it shrinks.”It is a harsh statement, but also bears some truth.

New Solar Technology could Revolutionize the Industry

New Solar Technology could Revolutionize the Industry

Feb 12, 2013 at 16:32 | Joao Peixe

Solar energy is probably one of the most commonly used renewable energy technologies in the world, and has huge potential to lead our efforts to leave the dark, smoky era…

UK Government Advised to Invest in Experimental Nuclear Technologies

UK Government Advised to Invest in Experimental Nuclear Technologies

Feb 12, 2013 at 16:31 | James Burgess

Three of the British governments most senior scientific advisors, Sir John Beddington, the government’s chief scientific advisor, David MacKay of the Department of Energy and Climate Change (DECC), and John…

Another Drought in 2013 could Devastate the US Ethanol Industry

Another Drought in 2013 could Devastate the US Ethanol Industry

Feb 11, 2013 at 16:52 | James Burgess

Last year’s drought across the US is being felt by the ethanol industry as the corn scarcity has forced 20 ethanol plants to shut down.The Renewable Fuels Association…

Tribunal Demands Ecuador Cease Enforcement of $19 Billion Chevron Case

Tribunal Demands Ecuador Cease Enforcement of $19 Billion Chevron Case

Feb 11, 2013 at 16:49 | Joao Peixe

At long last Chevron (NYSE: CVX) seems to have found some support in the case against Ecuador. An international tribunal has stated that Ecuador in fact violated the panel’s previous…

New Transmission Lines Provide a Boost to Japan's Wind Sector

New Transmission Lines Provide a Boost to Japan's Wind Sector

Feb 11, 2013 at 16:49 | Charles Kennedy

Japan plans to become the world leader in the wind energy sector and has plans to build a 1 gigawatt offshore wind farm off the coast of the Fukushima Prefecture…

Neptune Bows out of Tidal Energy Sector and Enters Liquidation

Neptune Bows out of Tidal Energy Sector and Enters Liquidation

Feb 11, 2013 at 16:48 | Joao Peixe

The UK is the world leader in marine energy (tidal and wave power), hoping to have at least 300MW installed by 2020. Wave and tidal are fairly young sectors, and…

Apple Granted Patent for New Solar Powered iPhone

Apple Granted Patent for New Solar Powered iPhone

Feb 08, 2013 at 16:52 | Charles Kennedy

Apple has just had a new patent approved for what could become the next major advancement in mobile phone technology in the form of an integrated touch and solar sensor…

President Obama to Appoint MIT Physicist as New Energy Secretary

President Obama to Appoint MIT Physicist as New Energy Secretary

Feb 08, 2013 at 16:51 | Joao Peixe

Reuters have been told that President Barack Obama is thinking about appointing MIT nuclear physicist Ernest Moniz as the new Energy Secretary once Stephen Chu steps down.Moniz has…

Europe Hopes Algae Biofuel Grown in Seawater will Reduce Coal Consumption

Europe Hopes Algae Biofuel Grown in Seawater will Reduce Coal Consumption

Feb 08, 2013 at 16:50 | Joao Peixe

In Europe’s quest for alternative energy sources to reduce its ever growing consumption of coal, a new EU research consortium, known as AccliPhot, has been created. Based at the University…

Why is Oil Consumption Declining in the US?

Why is Oil Consumption Declining in the US?

Feb 08, 2013 at 16:49 | Editorial Dept

I have posted many charts by reader Tim Wallace that highlight declining oil consumption in the US.Some readers have suggested improved gasoline mileage in cars is the primary…

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