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News

Suncor Looks for Chinese Partners to Work on Oil Sands Projects

Suncor Looks for Chinese Partners to Work on Oil Sands Projects

Jun 27, 2012 at 16:24 | Joao Peixe

Suncor Energy is the largest producer and refiner of oil in Canada. However due to ballooning costs it is now looking to create a partnership with Chinese firms as it…

Tepco Sharholders Agree to Nationalise Struggling Energy Company

Tepco Sharholders Agree to Nationalise Struggling Energy Company

Jun 27, 2012 at 16:23 | Joao Peixe

Tokyo Electric Power Company (Tepco) is the biggest energy company in Japan, but since the disaster at the Fukushima Daihatsu nuclear power plant last year it has struggled to survive.

Mubadala Looks to Invest $5.47 Billion in Brazil's Growing Economy

Mubadala Looks to Invest $5.47 Billion in Brazil's Growing Economy

Jun 27, 2012 at 16:21 | Charles Kennedy

Brazil is the largest economy in South America and is rapidly growing into one of the largest economies in the world. It has huge natural resources which are constantly being…

South Korea Become First Major Asian Customer to Halt Iranian Imports

South Korea Become First Major Asian Customer to Halt Iranian Imports

Jun 26, 2012 at 15:54 | Charles Kennedy

The EU embargo on Iranian oil is due to take effect on the 1st of July, but just before that date Ramin Mehmanparast, a spokesman for the Iranian Foreign Ministry,…

BP Investigate Fatal Explosion at Natural Gas Station in Colorado

BP Investigate Fatal Explosion at Natural Gas Station in Colorado

Jun 26, 2012 at 15:53 | Joao Peixe

Following an explosion at a natural gas compressor station in western Colorado, which killed one worker and injured two more, BP has launched a full investigation into the cause.

Vestas Cancel Plans to Build New Wind Turbine Factory in UK

Vestas Cancel Plans to Build New Wind Turbine Factory in UK

Jun 26, 2012 at 15:52 | James Burgess

The UK wind sector has been dealt a blow as Vestas has announced that they will scrap their plans to build a new wind turbine factory in the Port of…

Uruguay Announces Plans to Develop 1,000MW of Wind Power by 2015

Uruguay Announces Plans to Develop 1,000MW of Wind Power by 2015

Jun 26, 2012 at 15:51 | James Burgess

Uruguay has increased its already impressive wind power capacity targets from 800MW to 1,000MW before 2015, with over half of that expected to be under construction by the end of…

Saudi Aramco's New Venture Capital Firm to Invest in New Drilling Technologies

Saudi Aramco's New Venture Capital Firm to Invest in New Drilling Technologies

Jun 25, 2012 at 16:53 | Joao Peixe

In a confidential project Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest crude oil exporter, is to set up a venture capital company to invest in international start-ups which…

Norwegian Oil Industry Workers Shutdown Wells as Negotiations Fail to Progress

Norwegian Oil Industry Workers Shutdown Wells as Negotiations Fail to Progress

Jun 25, 2012 at 16:52 | Charles Kennedy

The negotiations over pensions and wages between the Norwegian Oil Industry Association (NOIA) and trade unions Industry Energy, SAFE, and Lederene have failed to reach an agreement, despite a government-led…

French Environment Minister Removed from Post after Suspending Drilling Permits

French Environment Minister Removed from Post after Suspending Drilling Permits

Jun 25, 2012 at 16:51 | Charles Kennedy

Some of Europe’s largest oil producers, including Shell and Total, were given permission to begin drilling at four different sites around the coast of French Guiana in South America; however…

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