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News

DOE to Invest $43 Million in Energy Storage Research Projects

DOE to Invest $43 Million in Energy Storage Research Projects

Aug 03, 2012 at 17:54 | James Burgess

The DOE has recently announced that, through its Advanced Research Projects Agency-Energy (ARPA-E), it will invest $43 million into 19 new research projects looking at the development of more efficient…

Alcatraz Now Receives all Energy from Solar Sources

Alcatraz Now Receives all Energy from Solar Sources

Aug 01, 2012 at 16:57 | James Burgess

In accordance with President Obama’s Executive Order, all Federal Agencies must reduce their greenhouse gas emissions by 30% by the year 2020, this includes National Parks, such as Alcatraz prison…

6 of the Largest Oil Fields in the World Still Waiting to be Developed

6 of the Largest Oil Fields in the World Still Waiting to be Developed

Aug 01, 2012 at 16:54 | James Burgess

For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they…

Kuwait to Finally Start Construction on the Middle East's Largest Oil Refinery

Kuwait to Finally Start Construction on the Middle East's Largest Oil Refinery

Aug 01, 2012 at 16:52 | Charles Kennedy

After years of delays the Kuwait National Petroleum Company (KNPC) looks as though it will finally go ahead with plans to build the Middle East’s largest oil refinery.Five…

South America's Burgeoning Geothermal Potential

South America's Burgeoning Geothermal Potential

Aug 01, 2012 at 16:50 | Joao Peixe

Many countries in South America are located in global hotspots, and with the continents population expected to grow 72% by 2035, climate change is set to have a significant impact…

Australia Sign a Deal to Supply the UAE with Uranium

Australia Sign a Deal to Supply the UAE with Uranium

Aug 01, 2012 at 16:45 | Joao Peixe

Australia’s Foregin Minister, Bob Carr, has announced that Australia recently signed an agreement with the UAE to supply the Gulf state with uranium for the forseeable future. The deal states…

More than 700 Million Left without Power after Latest Blackouts in India

More than 700 Million Left without Power after Latest Blackouts in India

Jul 31, 2012 at 17:09 | Joao Peixe

India has suffered yet more blackouts, this time leaving more than 700 million people without power, and raising serious doubts about the country’s failing infrastructure and the government’s ability to…

China Pay $20 Billion for Front Seat in Africa's Hydrocarbon Show

China Pay $20 Billion for Front Seat in Africa's Hydrocarbon Show

Jul 31, 2012 at 17:08 | Charles Kennedy

In the recent Forum on Chinese-Africa Cooperation (FOCAC), China has secured its ties with Africa by pledging almost twice as much aid money as last year. President Hu Jintao promised…

Lloyds to Invest £333 Million in UK Renewable Energy Projects

Lloyds to Invest £333 Million in UK Renewable Energy Projects

Jul 31, 2012 at 17:05 | Charles Kennedy

Lloyds Banking Group has recently declared that it will invest £1 billion into the British governments new Infrastructure Plan. Lloyds have identified nine social and economic infrastructure projects, three conventional…

Saudi Arabia Cancel Multi-Million Dollar Contracts with Russia

Saudi Arabia Cancel Multi-Million Dollar Contracts with Russia

Jul 31, 2012 at 17:03 | James Burgess

Russia and Saudi Arabia’s opposing stances over the situation in Syria has finally led to action. Saudi business tycoon Mubarak Swaikat has cancelled several multi-million dollar oil and gas contracts…

When will the FOMC Announce QE3?

When will the FOMC Announce QE3?

Jul 30, 2012 at 17:16 | Editorial Dept

There is a chance that the FOMC will announce QE3 this week although some analysts expect QE3 in September and others after the election in November.As an example,…

Report Shows the US has Nearly 200,000 GW of Solar Potential

Report Shows the US has Nearly 200,000 GW of Solar Potential

Jul 30, 2012 at 17:15 | Joao Peixe

The National Renewable Energy Laboratory (NREL) has released a report titled US Renewable Energy Technical Potentials: A GIS-Based Analysis. As the title suggests, the report provides an in depth…

Using a Virtual Power Plant to Help Connect Renewable Energy Sources to the Grid

Using a Virtual Power Plant to Help Connect Renewable Energy Sources to the Grid

Jul 30, 2012 at 17:14 | Charles Kennedy

Renewable energy sources provide a headache for electricity grid operators due to the difficulty of predicting the constantly changing levels of power that renewable sources such as wind and solar…

The Top 10 Best Executive Pay Packages

The Top 10 Best Executive Pay Packages

Jul 30, 2012 at 17:13 | Charles Kennedy

Last year the top ten Houston-area business executives received compensation packages worth a combined $215 million.According to Longnecker & Associates the top 100 best paid executives received packages…

Shell Forced to Reduce the Scale of their Arctic Exploration Plans

Shell Forced to Reduce the Scale of their Arctic Exploration Plans

Jul 27, 2012 at 16:55 | Joao Peixe

Shell’s plans to drill up to five wells in the Arctic Waters off Northern Alaska have been hit by delays due to late thawing sea ice along the coast, and…

US Opens Public Land for Utility Scale Solar Projects

US Opens Public Land for Utility Scale Solar Projects

Jul 27, 2012 at 16:54 | Joao Peixe

The Whitehouse has released plans to increase access to public land for solar installations with the hope of encouraging more capacity. 285,000 acres in parts of Arizona, California, Colorado, Nevada,…

Will Europe Follow the US with High Tariffs on Chinese Solar Panels?

Will Europe Follow the US with High Tariffs on Chinese Solar Panels?

Jul 27, 2012 at 16:53 | Charles Kennedy

Following the success of their American campaign against Chinese solar panel manufacturers, which has seen the introduction of tariffs of as much as 35% being levied against imported products, SolarWorld…

Abu Dhabi's IPIC Reports a 96% Drop in Net Profit in 2011

Abu Dhabi's IPIC Reports a 96% Drop in Net Profit in 2011

Jul 27, 2012 at 16:52 | Charles Kennedy

In 2010 Abu Dhabi’s International Petroleum Investment Company (IPIC) made a net profit of $1.3 billion. IPIC has recently reported that in 2011 their net profit was $44.7 million; a…

London 2012: The Greenest Olympic Games Ever

London 2012: The Greenest Olympic Games Ever

Jul 27, 2012 at 16:50 | James Burgess

The UK government is not only claiming to be the greenest government ever, but it is also determined to oversee the greenest games ever at this year’s Olympic Games, due…

Iran Launches its First Ever Domestically Produced Aframax Oil Tanker

Iran Launches its First Ever Domestically Produced Aframax Oil Tanker

Jul 26, 2012 at 16:56 | Joao Peixe

In an effort to reduce the effectiveness of EU sanctions Iran has launched its first ever home produced aframax oil tanker, capable of carrying 700,000 barrels of oil.Mehdi…

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