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News

ExxonMobil Increase Oil Spill Estimate in Light of More Detailed Analysis

ExxonMobil Increase Oil Spill Estimate in Light of More Detailed Analysis

Jan 20, 2012 at 15:48 | Joao Peixe

ExxonMobil recently released an update to the estimated amount of oil spilled into the Yellowstone River when the Silvertip Pipeline ruptured during the summer. Initially the put the spill at…

Nigerian President to Reduce Fuel Prices, Just Days After Abandoning Subsidies

Nigerian President to Reduce Fuel Prices, Just Days After Abandoning Subsidies

Jan 19, 2012 at 17:46 | James Burgess

After a week of mass strikes and riots Nigerian president Goodluck Jonathan has finally bowed to public pressure with his decision to reduce fuel prices. In response the unions have…

Scotland Well on the Way to Achieving 100% Renewable Energy by 2020

Scotland Well on the Way to Achieving 100% Renewable Energy by 2020

Jan 19, 2012 at 13:28 | James Burgess

Back in 2010 Scotland’s First Minister, Alex Salmon, proclaimed that by 2025 all of Scotland would be powered by 100% renewable energy, with an interim target of 31% by 2011.…

Is Abu Dhabi Losing Interest in Renewable Energy?

Is Abu Dhabi Losing Interest in Renewable Energy?

Jan 18, 2012 at 17:33 | James Burgess

Abu Dhabi is the fifth-largest oil producer in the Organization of Petroleum Exporting Countries, and the largest and richest Emirate in the UAE, holding almost all of the country’s oil…

Bulgaria Bans Fracking Following Public Protests

Bulgaria Bans Fracking Following Public Protests

Jan 18, 2012 at 15:23 | James Burgess

Bulgaria has just recently joined Brazil and Nigeria as countries in which oil giant Chevron are experiencing problems. I say this following the announcement that the US oil company has…

Lithuania Seeks to Break Gazprom’s Stranglehold on Natural Gas Imports

Lithuania Seeks to Break Gazprom’s Stranglehold on Natural Gas Imports

Jan 17, 2012 at 19:29 | John Daly

Russia's state-owned natural gas monopoly OAO Gazprom is the sole supplier of gas to former Soviet republics Estonia, Latvia and Lithuania, a situation that Lithuanian legislators would like to change.

Natural Gas Analysis for the Week of January 16, 2012

Natural Gas Analysis for the Week of January 16, 2012

Jan 16, 2012 at 20:10

Despite the previous week’s closing price reversal bottom, March Natural Gas could not attract fresh buyers and the market failed to confirm the potentially bullish chart pattern. Last week’s range…

Ukraine Seeks to Lessen Dependence on Russian Natural Gas Imports

Ukraine Seeks to Lessen Dependence on Russian Natural Gas Imports

Jan 16, 2012 at 16:21 | Charles Kennedy

Just days after concluding an agreement with the Russian Federation, cutting imports of Gazprom natural gas, the Ukrainian government is seeking ways to diversify its energy sources to further lessen…

Greek Deputy Environment Minister - Greece Will Exploit its Oil

Greek Deputy Environment Minister - Greece Will Exploit its Oil

Jan 16, 2012 at 16:20 | Charles Kennedy

In a situation certain to raise tensions with neighboring Turkey, Greece has announced its intention to proceed with the development of its undersea hydrocarbon resources in the Eastern Mediterranean. 

Jordan Optimistic Qatari Nat Gas Will Help Replace Egyptian Delivery Shortages

Jordan Optimistic Qatari Nat Gas Will Help Replace Egyptian Delivery Shortages

Jan 16, 2012 at 16:19 | Charles Kennedy

Since the triumph of the Egyptian revolution in February 2011 Jordan’s natural gas imports have suffered “collateral damage,” as Egyptian militants repeatedly bombed Egypt's $500 million East Mediterranean Gas Company…

Romania's Murky Natural Gas Market

Romania's Murky Natural Gas Market

Jan 16, 2012 at 16:17 | Joao Peixe

Dan Victor Alesandru, former Secretary of State in the Ministry of Economy in the first Tariceanu government (December 2004 - December 2008), is under investigation by the Directia de Investigare…

South Sudan Warns Khartoum Against Impeding Oil Exports

South Sudan Warns Khartoum Against Impeding Oil Exports

Jan 16, 2012 at 16:16 | Joao Peixe

South Sudan’s government has warned the Sudanese government against continuing to delay the export of its petroleum through its northern ports by preventing ships carrying crude from transporting South Sudan's…

Maldives Buying Land in Australia as Preparation for Mass Migration

Maldives Buying Land in Australia as Preparation for Mass Migration

Jan 10, 2012 at 16:43 | James Burgess

The Maldives Archipelago is one of the most idyllic destinations on the planet; beautiful tropical islands in the Indian Ocean surrounded by coral reefs abundant with sea life. It is…

Why Investors Should be Looking to Platinum in 2012

Why Investors Should be Looking to Platinum in 2012

Jan 02, 2012 at 14:06 | Stockhouse

Gold has always been viewed as one of the safest investments. It is less susceptible to politics and economic change than currency, and rarely looses value. However there is another…

Are Silver Prices Set to Soar?

Are Silver Prices Set to Soar?

Dec 05, 2011 at 17:17 | Stockhouse

Silver, one of the most volatile assets in the world, has just started to climb off the back of its worst readings in four years as the traders and hedge…

How Biomass Can Provide 25% of Global Energy without Affecting Food Production

How Biomass Can Provide 25% of Global Energy without Affecting Food Production

Nov 26, 2011 at 10:48 | James Burgess

It is perfectly understood that no one renewable energy source will replace our dependence on fossil fuels. It will take an energy system mix where we rely on the combined…

Battle to be the World’s No.1 Oil Producer Heating Up

Battle to be the World’s No.1 Oil Producer Heating Up

Nov 10, 2011 at 17:27 | James Burgess

The constant battle that takes place between Russia and Saudi Arabia to be the world’s largest oil producer and exporter seems to be leading towards yet another change at the…

Are Wood Based Biofuels a Suitable Alternative to Fossil Fuels?

Are Wood Based Biofuels a Suitable Alternative to Fossil Fuels?

Nov 09, 2011 at 15:53 | James Burgess

Wood based bio fuel is considered far more sustainable than the traditional corn equivalent yet it is not widely produced in Canada or the United States due to the high…

Crude Oil Update for November 9, 2011

Crude Oil Update for November 9, 2011

Nov 09, 2011 at 11:09 | James Burgess

Crude oil futures have today fallen by 0.14% to 96.66USD per barrel, easing off the three-month high experienced earlier this week. Surging Italian bond yields highlighted a continuing investor unease,…

New Solar Plant Lights the Way to a Brighter Future

New Solar Plant Lights the Way to a Brighter Future

Nov 07, 2011 at 17:54 | James Burgess

Gemasolar, the world’s first solar energy power plant capable of producing energy 24 hours a day, has been installed this month in the Seville region of Spain by Torresol Energy.…

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