• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
What Russia’s Fuel Export Ban Means For The Markets

What Russia’s Fuel Export Ban Means For The Markets

Russia’s temporary ban on diesel…

Global Appetite For Canadian Crude Grows Amidst Supply Cuts

Global Appetite For Canadian Crude Grows Amidst Supply Cuts

Canada's oil production and exports…

News

Kinder Morgan Energy Partners Buy Copano Energy for $3.9 Billion

Kinder Morgan Energy Partners Buy Copano Energy for $3.9 Billion

Feb 01, 2013 at 16:25 | Joao Peixe

On Tuesday Kinder Morgan Energy Partners completed a deal to buy Copano Energy for $3.9 billion.The purchase will help to boost KMPs advanced position in North American shale…

Nigerian Lawman Takes on Government over $6.8 Billion Fuel Subsidy Scam

Nigerian Lawman Takes on Government over $6.8 Billion Fuel Subsidy Scam

Feb 01, 2013 at 16:23 | James Burgess

Last year Farouk Lawan, a lawmaker from Nigeria, led a parliamentary fuel subsidy committee to probe Nigeria’s fuel subsidy scheme in search of corruption. He ended up writing a scathing…

Nature Journal Tells Obama to Support Keystone XL

Nature Journal Tells Obama to Support Keystone XL

Feb 01, 2013 at 16:22 | Frik Els

One of the world's preeminent science journals has lent its support to the construction of the Keystone XL Pipeline in a recent editorial.An editorial published in the…

Will Lithium-Ion Battery Fires in Boeing 787s Damage the EV Industry

Will Lithium-Ion Battery Fires in Boeing 787s Damage the EV Industry

Jan 31, 2013 at 16:35 | Joao Peixe

Earlier this month the lithium-ion battery used on a Boeing 787 Dreamliner caught fire whilst the plane sat idle at Logan Airport in Boston. A different Boeing 787 was then…

Report Predicts Explosion in Offshore Wind Energy Sector by 2020

Report Predicts Explosion in Offshore Wind Energy Sector by 2020

Jan 31, 2013 at 16:34 | Joao Peixe

The research and consulting firm, GlobalData, has released a new report which takes a detailed look at the global offshore wind power market. The report states that due to…

Burger King and the Benefits of a MLP

Burger King and the Benefits of a MLP

Jan 31, 2013 at 16:33 | James Burgess

Oil and gas companies are able to take advantage of a great tax break by restructuring themselves to form a Master Limited Partnership (MLP), potentially reducing their tax bill to…

Shell's Poor Performance Drags the FTSE 100 Share Index Down

Shell's Poor Performance Drags the FTSE 100 Share Index Down

Jan 31, 2013 at 16:31 | Charles Kennedy

After a run of poor earnings results the FTSE 100 share index dropped yesterday, ending the rally that had sent it to a four and a half year high.

New Shale Formation in West Texas could Dwarf the Bakken

New Shale Formation in West Texas could Dwarf the Bakken

Jan 30, 2013 at 16:50 | Charles Kennedy

The US shale boom has led some to predict that it will overtake Saudi Arabia as world’s largest oil and gas producer by 2020, thanks to the massive reserves found…

Good News for Green Energy: Kerry is Confirmed as the New Secretary of State

Good News for Green Energy: Kerry is Confirmed as the New Secretary of State

Jan 30, 2013 at 16:49 | Joao Peixe

John Kerry will succeed Hilary Clinton after he was officially confirmed as the new US Secretary of State.This is a big boost to the environmental movement as Kerry…

Chesapeake's Stock Soars on News that McClendon will Retire

Chesapeake's Stock Soars on News that McClendon will Retire

Jan 30, 2013 at 16:48 | James Burgess

Yesterday, after the news was released that Aubrey McClendon would step down as President of Chesapeake Energy Corporation (NYSE: CHK) on the 1st of April 2013, stock in the company…

Pakistani Energy Minister who Embezzled $850 Million, Arrested in Abu Dhabi

Pakistani Energy Minister who Embezzled $850 Million, Arrested in Abu Dhabi

Jan 30, 2013 at 16:47 | Joao Peixe

During his time as Pakistan’s head of the Oil and Gas Regulatory Authority between 2009 and 2011, Tauqir Shariq embezzled around $850 million.Before he could be captured and…

Argentina can Only Look on as Falkland Islands Set to Produce Hydrocarbons

Argentina can Only Look on as Falkland Islands Set to Produce Hydrocarbons

Jan 29, 2013 at 16:52 | Joao Peixe

Borders and Southern Petroleum (BOR: LN), the British oil exploration company, yesterday announced that the reserve of gas condensate it discovered in the Falkland Islands back in April 2012 is…

Three Major Car Companies Join to Accelerate Development of Fuel Cells of EVs

Three Major Car Companies Join to Accelerate Development of Fuel Cells of EVs

Jan 29, 2013 at 16:50 | Joao Peixe

The fuel cell electric vehicles (FCEV) sector has received a boost with the announcement that Ford, Renault-Nissan, and Daimler have made a three-way agreement to work together and accelerate the…

Wind Overtakes Nuclear to Become China's 3rd Largest Energy Source

Wind Overtakes Nuclear to Become China's 3rd Largest Energy Source

Jan 29, 2013 at 16:48 | Charles Kennedy

According to data from the China Wind Energy Association (CWEA), wind energy capacity has now surpassed nuclear power to become the third largest source of electricity in China, after coal,…

Ecuadorian Judge Says Plaintiffs Bribed the Court in Chevron Case

Ecuadorian Judge Says Plaintiffs Bribed the Court in Chevron Case

Jan 29, 2013 at 16:47 | James Burgess

On Monday Chevron submitted new evidence to their Manhattan lawsuit to appeal against the $19 billion charges levied against them for their involvement in the pollution of the Ecuadorian rainforest.

ExxonMobil Overtakes Apple to Become the World's Largest Company

ExxonMobil Overtakes Apple to Become the World's Largest Company

Jan 28, 2013 at 16:43 | Joao Peixe

A year after it took the mantle of the world’s most valuable company from ExxonMobil (NYSE: XOM), Apple Inc. (NASDAQ: AAPL) had to hand it back following several difficult weeks…

U.S. to Bury its 70,000 Tonnes of Nuclear Waste

U.S. to Bury its 70,000 Tonnes of Nuclear Waste

Jan 28, 2013 at 16:42 | Joao Peixe

Oak Ridge National Laboratory has released a recent study which has determined that if and when the US ever decides to actually pursue the technology to recycle nuclear waste, it…

Russia Claims Ukraine Owes it $7 Billion for Natural Gas it Never Used in 2012

Russia Claims Ukraine Owes it $7 Billion for Natural Gas it Never Used in 2012

Jan 28, 2013 at 16:41 | James Burgess

Russia has calculated that Ukraine owes it $7 billion for gas imports that it was contractually obliged to pay yet never took delivery of in 2012.It is probably…

Chernobyl's Role in the Fall of the Soviet Union

Chernobyl's Role in the Fall of the Soviet Union

Jan 28, 2013 at 16:39 | Charles Kennedy

The Soviet Union was destroyed by a nuclear explosion, an idea that is supported by non-other than Mikhail Gorbachev himself, the architect of its dismantling.On the 26th of…

Iraq v Kurdistan: Exxon Try to Play Both Sides of the Table

Iraq v Kurdistan: Exxon Try to Play Both Sides of the Table

Jan 25, 2013 at 16:54 | Joao Peixe

Officials in Baghdad have always stated that any company that arranges oil exploration contracts with the Kurdistan Regional Government (KRG) to the North will not be allowed to work in…

Oilprice - The No. 1 Source for Oil & Energy News