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Oil Moves Higher On EIA Inventory Draw

Oil Moves Higher On EIA Inventory Draw

Crude oil prices moved higher…

The Metals Behind Our Clean Energy Future

The Metals Behind Our Clean Energy Future

The transition to clean energy…

News

Brazil May Turn to Gas as Drought Cuts Off Power

Brazil May Turn to Gas as Drought Cuts Off Power

Feb 07, 2014 at 17:11 | Joao Peixe

Brazil has arguably the greenest and cleanest economy in the world, as it gets 80% of its electricity from hydropower and only a small share from fossil fuels. Yet…

2013 Sniper Attack on Electric Substation Went Unknown to Public

2013 Sniper Attack on Electric Substation Went Unknown to Public

Feb 06, 2014 at 16:34 | James Burgess

The Wall Street Journal broke a story this week about a largely unknown sniper attack from last year on a California electric substation. Apparently on April 16, 2013, a…

Richard Branson’s Renewable Playground for the Rich and Famous

Richard Branson’s Renewable Playground for the Rich and Famous

Feb 06, 2014 at 16:32 | Charles Kennedy

Billionaire Richard Branson’s Necker Island for the rich and famous will go 75% renewable energy, with solar, wind and smart-technology energy storage in a massive new project dubbed “Demo…

California Drought Expected to Lower Hydro Generation

California Drought Expected to Lower Hydro Generation

Feb 06, 2014 at 16:29 | Charles Kennedy

The record drought in California will cut into the availability of water for hydropower generation in the coming months, according to the Energy Information Administration. Nearly 60% of the…

Natural Gas Hits 4-Year High

Natural Gas Hits 4-Year High

Feb 05, 2014 at 16:18 | James Burgess

Ongoing cold weather in the Northeast United States has caused natural gas prices to spike to their highest levels in over four years. March delivery for natural gas hit…

International Shipping Turning to LNG

International Shipping Turning to LNG

Feb 05, 2014 at 16:18 | Joao Peixe

Fuel for ferries and large cargo ships may increasingly come from liquefied natural gas (LNG), as companies move to both lower fuel costs and comply with new environmental regulations. Oil…

Coal Leasing on Public Lands Deprives Taxpayers of Millions

Coal Leasing on Public Lands Deprives Taxpayers of Millions

Feb 05, 2014 at 16:15 | Charles Kennedy

A new report from the U.S. Government Accountability Office (GAO) found that the U.S. government has failed to ensure that coal companies pay the fair market value when paying…

Japanese Utilities Step up LNG Purchases

Japanese Utilities Step up LNG Purchases

Feb 04, 2014 at 17:05 | James Burgess

To make up for the continued shortfall in electricity generation from the dozens of idle nuclear power plants, Japanese utilities are increasing their purchases of LNG from abroad. Tohoku Electric…

Petrobras Stock Hits 8-Year Low

Petrobras Stock Hits 8-Year Low

Feb 04, 2014 at 17:03 | Charles Kennedy

On February 3, the stock price for Petroleo Brasileiro SA (Petrobras), Brazil’s flagship oil company, dropped by 5.8% to an eight-year low. Once one of the most valuable companies…

Shell Starts Production from Offshore Platform in Gulf of Mexico

Shell Starts Production from Offshore Platform in Gulf of Mexico

Feb 04, 2014 at 17:01 | Joao Peixe

Royal Dutch Shell announced on Feb. 4 that it started oil production from its “Olympus” platform in the Gulf of Mexico. The company is using the Olympus to drill…

Keystone XL Passes Another Huge Hurdle

Keystone XL Passes Another Huge Hurdle

Jan 31, 2014 at 16:53 | Joao Peixe

TransCanada Corp applied more than five years ago for a federal permit to build the Keystone XL pipeline across the US in order to link Canada’s tar sands in Alberta…

North Dakota Flares $100m of Natural Gas a Month

North Dakota Flares $100m of Natural Gas a Month

Jan 31, 2014 at 16:51 | James Burgess

It is well known that advances in technology have enabled the US to experience a huge boom in oil production over the past several years. Since 2007, oil production from…

New Process Recycles Old Plastics into Usable Liquid Fuels

New Process Recycles Old Plastics into Usable Liquid Fuels

Jan 31, 2014 at 16:48 | Charles Kennedy

Plastics are a pain. They are very useful during their product life but once disposed they don’t degrade naturally, and this creates huge problems in terms of waste disposal. Researchers…

Coal Markets Hit Hard as Emerging Economies Begin to Wobble

Coal Markets Hit Hard as Emerging Economies Begin to Wobble

Jan 30, 2014 at 16:34 | Charles Kennedy

Slowing growth in developing countries has started to affect the commodities market, especially for coal, as orders are slashed and prices have fallen as much as 10 percent in a…

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Jan 30, 2014 at 16:32 | James Burgess

Karr Ingham, an economist and owner of Ingham Economic Reporting, recently spoke at the Houston Petroleum Club about the Texas Petroleum Index and to warn them that despite booming…

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Jan 30, 2014 at 16:30 | James Burgess

On Tuesday night President Barack Obama gave his fifth formal State of the Union address, in which he celebrated the US oil and gas sector causing environmentalists to worry that…

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

Jan 30, 2014 at 16:26 | Joao Peixe

South Korea, the fourth largest economy in Asia, is heavily dependent on nuclear power, yet in the wake of the 2011 Fukushima disaster in Japan and a more recent domestic…

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Jan 29, 2014 at 16:43 | James Burgess

Butanol is a renewable biofuel that is set to debut at US pumps next year, and hopes to challenge ethanol’s dominance of the $26 billion market.Just as with…

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Jan 29, 2014 at 16:40 | Charles Kennedy

Reza Alam, an assistant professor at US Berkeley and expert in wave mechanics, is designing a ‘carpet’ to be laid across the seafloor that will turn the energy from ocean…

London Plans to Use Heat from the Underground to Keep Homes Warm

London Plans to Use Heat from the Underground to Keep Homes Warm

Jan 29, 2014 at 16:38 | Joao Peixe

The London underground is generally a hot and uncomfortable place, warmed by the thousands of commuters, lights, trains, and other such sources of heat. A new scheme plans to put…

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