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News

Centrica Pay £40 Million for 25% in Giant Shale Formation in the UK

Centrica Pay £40 Million for 25% in Giant Shale Formation in the UK

Jun 13, 2013 at 16:43 | Joao Peixe

Britain is the largest user of natural gas in Europe, and just as shale gas has managed to transform the US energy sector, the UK is hoping that its own…

Norway Tries to Encourage Arctic Oil & Gas Exploration by Awarding New Licenses

Norway Tries to Encourage Arctic Oil & Gas Exploration by Awarding New Licenses

Jun 12, 2013 at 16:35 | Joao Peixe

In an effort to try and encourage more exploration and development of oil in its northern regions, on Wednesday Norway awarded 24 new oil and gas exploration licenses, with most…

Shareholders to Benefit if Oil Companies Split off Shale Assets

Shareholders to Benefit if Oil Companies Split off Shale Assets

Jun 12, 2013 at 16:34 | James Burgess

Occidental Petroleum Corp. are considering a proposal to split its operations up into separate companies; a move that might actually prove enticing to other oil companies, and could potentially create…

Ideas that may Make Solar Power more Competitive

Ideas that may Make Solar Power more Competitive

Jun 12, 2013 at 16:33 | Charles Kennedy

Solar power, whilst maybe not able to boast the largest capacity of the renewable energy sources, can surely claim to be the most popular. In the US the installed solar…

Korean Crude Oil Imports from the North Sea to Fall by Half due to Tax Change

Korean Crude Oil Imports from the North Sea to Fall by Half due to Tax Change

Jun 12, 2013 at 16:32 | Joao Peixe

Over the past few years South Korea has enjoyed a good trade agreement with European Oil Producers working in the North Sea, but that is all about to change as…

Ship’s Cook Found Alive in Sunken Tug Boat off the Nigerian Coast

Ship’s Cook Found Alive in Sunken Tug Boat off the Nigerian Coast

Jun 12, 2013 at 16:31 | Charles Kennedy

Two weeks ago I wrote a brief article about the tug boat that sank off the Nigerian coast on 26th May. The twelve crew members were reported missing, 10…

Petronas to Invest $20 Billion in Canadian LNG Project to Supply Asia

Petronas to Invest $20 Billion in Canadian LNG Project to Supply Asia

Jun 11, 2013 at 16:23 | Charles Kennedy

Petronas, the Malaysian state-owned oil and gas company, is moving quite steadily into the liquefied natural gas (LNG) industry, with the latest news being that it plans to invest $20…

Qatar to Give Egypt Five Shipments of LNG

Qatar to Give Egypt Five Shipments of LNG

Jun 11, 2013 at 16:19 | Joao Peixe

The Egyptian Petroleum Minister has stated that Qatar will grant his country five shipments of natural gas to help them through the summer, when temperatures soar and electricity consumption rises…

Mercedes SLS Electric Drive Laps Nürburgring in Under 8 Minutes

Mercedes SLS Electric Drive Laps Nürburgring in Under 8 Minutes

Jun 11, 2013 at 16:18 | Joao Peixe

Daimler has released a press release to announce that its Mercedes SLS AMG Coupé Electric Drive has set a world record by completing the Nürburgring Nordschleife racetrack in Germany…

Powering the World with its Own Waste

Powering the World with its Own Waste

Jun 11, 2013 at 16:15 | James Burgess

As the world continues to develop, energy demand continues to increase, yet we are finding it more difficult and more expensive to develop new sources of energy. One source of…


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