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Breaking News:

Oil Prices Jump On Major Crude Draw

The U.S. Shale Boom Is Officially Over

The U.S. Shale Boom Is Officially Over

While U.S. oil and gas…

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Scandanavia Is Leading The Green Energy Revolution

Sweden, Denmark, and Finland are…

News

A Unified North Africa Could Help Europe Reach its Clean Energy Goals

A Unified North Africa Could Help Europe Reach its Clean Energy Goals

Feb 23, 2012 at 17:16 | James Burgess

In order to meet domestic energy demand, and outsource clean energy to nearby Europe, Morocco started to invest in new energy sources, such as wind and solar farms. Europe has…

Japan Reluctant to Sign New Deal with Iran until US Give the OK

Japan Reluctant to Sign New Deal with Iran until US Give the OK

Feb 23, 2012 at 17:14 | James Burgess

As the US and EU trade sanctions draw closer Iran are looking to secure increased export volumes to their largest customers in Asia. China, the largest importer of Iranian Oil,…

New Oil Field in the Gulf of Mexico Could be Huge

New Oil Field in the Gulf of Mexico Could be Huge

Feb 22, 2012 at 17:51 | Brian Westenhaus

The BP blowout reaction a couple years ago put a lid on oil and gas development in the Gulf of Mexico that has yet to be fully lifted.  With oil…

Japan Starts to Invest in Tsunami-Proof, Floating Wind Farms

Japan Starts to Invest in Tsunami-Proof, Floating Wind Farms

Feb 21, 2012 at 16:26 | James Burgess

Following the earthquake and tsunami that hit Japan in 2011 causing one of the world’s worst nuclear disasters since Chernobyl at the Fukushima nuclear power plant, the Ministry of Trade…

Canada Threatens EU with Trade War over Oil Sands Ban

Canada Threatens EU with Trade War over Oil Sands Ban

Feb 21, 2012 at 16:24 | Charles Kennedy

The European vote on the 23rd February which could potentially classify Canada’s oil sands as highly polluting and effectively ban their trade with the EU, has attracted angry retaliations from…

Energy Crisis in the Gaza Strip Threatens Hospitals

Energy Crisis in the Gaza Strip Threatens Hospitals

Feb 21, 2012 at 16:22 | James Burgess

The Gaza Strip is in the middle of an energy crisis that is close to developing into a full blown humanitarian crisis as their only power plant was forced to…

Middle East to Spend 180 Billion Dollars on New Energy Projects

Middle East to Spend 180 Billion Dollars on New Energy Projects

Feb 21, 2012 at 16:20 | Joao Peixe

A new report by the market researchers Venture Middle East has announced that the Middle East is due to spend a combined $180 billion on new water and power projects…

UK's Nuclear Sector Set to Expand Following New Energy Pact with France

UK's Nuclear Sector Set to Expand Following New Energy Pact with France

Feb 20, 2012 at 10:57 | Charles Kennedy

On Friday the British Prime Minister David Cameron signed a new energy pact with French President Nicolas Sarkozy that will lead to the construction of more nuclear power plants in…

Keystone XL Likely to be Reviewed After US Presidential Elections

Keystone XL Likely to be Reviewed After US Presidential Elections

Feb 20, 2012 at 10:56 | James Burgess

In January President Barack Obama delayed any decisions on the Keystone XL Pipeline, citing that he needed more time to assess the environmental impacts. He has not rejected the pipeline,…

Australia Look to Free Market Economics for their Energy Security

Australia Look to Free Market Economics for their Energy Security

Feb 20, 2012 at 10:54 | Joao Peixe

The general energy objective in the US is to achieve energy independence, because they believe it will ensure energy security. In Obamas State of the Union speech he proclaimed that…

No Peak Oil - Why Then is Saudi Aramco Opening Old Wells for Heavy Crude?

No Peak Oil - Why Then is Saudi Aramco Opening Old Wells for Heavy Crude?

Feb 17, 2012 at 12:57 | James Burgess

Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As a result of the reduced…

Should the UK Help Ban Canada’s Tar Sands from Europe?

Should the UK Help Ban Canada’s Tar Sands from Europe?

Feb 17, 2012 at 12:55 | Joao Peixe

The EU is currently discussing a Fuel Quality Directive, which will designate Canada’s tar sands as 22% more polluting than conventional fuels and effectively ban any fuel derived from them…

US Pleas for Asia to Cut Iranian Oil Imports Fall on Deaf Ears

US Pleas for Asia to Cut Iranian Oil Imports Fall on Deaf Ears

Feb 17, 2012 at 12:52 | Charles Kennedy

Last year China, India, Japan, and South Korea accounted for 60 percent of Iran’s total oil exports, providing the country with $100 billion of revenue. As the EU oil sanctions…

Bill Gates and Richard Branson Back Geoengineering to Counter Climate Change

Bill Gates and Richard Branson Back Geoengineering to Counter Climate Change

Feb 16, 2012 at 14:02 | James Burgess

Climate change is real. Few doubt that now. Governments try to impose, rather weak, legislation to combat climate change such as imposing reductions in carbon emissions, but in truth nothing…

Eni Announce Another Huge Gas Discovery off the Coast of Mozambique

Eni Announce Another Huge Gas Discovery off the Coast of Mozambique

Feb 16, 2012 at 14:00 | Charles Kennedy

Eni SpA, Italy’s largest oil company, owns 70% of Mozambique’s offshore Area 4, a large area off the East coast of Africa where last year they discovered a huge natural…

Iran Choose to Cut Oil Exports to the EU Before Sanctions Take Effect

Iran Choose to Cut Oil Exports to the EU Before Sanctions Take Effect

Feb 16, 2012 at 10:20 | Joao Peixe

Last year Europe imported nearly 600,000 barrels of Iranian crude per day, accounting for 24% of Iran’s total oil exports. The majority of this crude was bought by Greece, Italy,…

STX Group Hope to Profit from the West's Largest Oil Discovery in Three Decades

STX Group Hope to Profit from the West's Largest Oil Discovery in Three Decades

Feb 16, 2012 at 10:18 | James Burgess

South Korea’s STX Group is looking to sell its 51% stake in STX OSV, the world’s biggest producer of oil-rig support vessels, in an attempt to raise capital to repay…

Blame to Spare on Tar Sands Debate

Blame to Spare on Tar Sands Debate

Feb 15, 2012 at 15:47 | Daniel J. Graeber

Environmental groups in Maine have decided that tar sands oil from western Canada wasn't their cup of tea even though the pipeline company behind the scenes said it really wasn't…

Lack of Power Lines Prevents New Offshore Wind Farms in Germany

Lack of Power Lines Prevents New Offshore Wind Farms in Germany

Feb 15, 2012 at 10:53 | James Burgess

The German government plans to increase the share of its energy produced from renewable sources from the current level of 20 percent to 35 percent by 2020. A large portion…

Dominican Republic Turns to Gazprom for Help on Energy Strategy

Dominican Republic Turns to Gazprom for Help on Energy Strategy

Feb 15, 2012 at 10:51 | Charles Kennedy

Last week the Russian energy giant, Gazprom, sent a delegation to the Dominican Republic following an invitation to perform geological surveys and help in the development of electrical power projects.…

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