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News

Crisis Summit To Save North Sea Oil Industry

Crisis Summit To Save North Sea Oil Industry

Dec 22, 2014 at 15:11 | Andy Tully

Aberdeen’s City Council is calling for a summit of government, business and labor leaders to search for ways to ease the severe challenges that low prices are posing to Britain’s…

Nuclear Ambitions Hurt Iran More Than War With Iraq

Nuclear Ambitions Hurt Iran More Than War With Iraq

Dec 19, 2014 at 16:32 | RFE/RL staff

UK Oil Industry Under Serious Threat From Low Oil Prices

UK Oil Industry Under Serious Threat From Low Oil Prices

Dec 19, 2014 at 16:27 | Andy Tully

The plunge in oil prices is ruining the United Kingdom’s oil industry in the North Sea, according to a leading executive in oil exploration. “It’s almost impossible to make money…

Russia India Nuclear Deal Not As Exciting As Previously Thought

Russia India Nuclear Deal Not As Exciting As Previously Thought

Dec 19, 2014 at 16:21 | Metal Miner

The initial euphoria over Russia agreeing to build at least 12 nuclear reactors in India by 2035 has died down as sector experts get around to analyzing the Russian move…

Easy Win For Obama In Alaskan Oil Decision

Easy Win For Obama In Alaskan Oil Decision

Dec 18, 2014 at 17:05 | Andy Tully

Three things tend to dominate the character of Alaska: Its exquisite environment, its rich fishing industry and, more recently, its abundance of fossil fuels. President Obama has chosen to support…

Oil Price Pain: Who’s Next After Emerging Markets And Fracking?

Oil Price Pain: Who’s Next After Emerging Markets And Fracking?

Dec 18, 2014 at 17:01 | Stuart Burns

The price of oil has sunk almost 50% since June with West Texas Intermediate crude slipping below $60 a barrel last week and Brent falling below the same level on…

Oil Sands Not A Dirty Fuel Says EU

Oil Sands Not A Dirty Fuel Says EU

Dec 18, 2014 at 16:58 | MINING.com

Oil sands in Fort McMurray, Alberta. The European Union voted by an extremely narrow majority Wednesday against…

IEA Says Coal Demand Will Keep Growing Through 2019

IEA Says Coal Demand Will Keep Growing Through 2019

Dec 17, 2014 at 13:26 | Andy Tully

The global demand for coal will continue to increase during the next five years, although more slowly than in the recent past due to China’s expected efforts to reduce its…

South Stream Demise Could Benefit Both Turkey And Moscow

South Stream Demise Could Benefit Both Turkey And Moscow

Dec 17, 2014 at 13:22 | Metal Miner

Russian President Vladimir Putin may have announced that the proposed South Stream gas pipeline is dead, but it would seem this has given him a good opportunity to widen…

New Gas Field In Levantine Basin Could Hold 5 trillion Cubic Feet

New Gas Field In Levantine Basin Could Hold 5 trillion Cubic Feet

Dec 16, 2014 at 13:55 | Andy Tully

After discovering two huge gas fields beneath the eastern Mediterranean Sea a few years ago, Israeli prospectors kept searching, and now they report discovering a third field that may hold…

10 U.S. Cities Most At Risk From Power Outages

10 U.S. Cities Most At Risk From Power Outages

Dec 16, 2014 at 13:50 | Futurity

  More intense future hurricanes powered by warming global temperatures will significantly increase power blackouts for some major US cities, researchers predict. Engineers created a new computer model to analyze…

The Paradox Of US Oil Production: More Drilling, But Fewer Rigs

The Paradox Of US Oil Production: More Drilling, But Fewer Rigs

Dec 15, 2014 at 14:46 | Andy Tully

Oil drillers in the United States suspended production at 29 rigs during the week ending Dec. 12, the highest number taken out of service in nearly two years, according to…

Renewables Could Revolutionize African Energy

Renewables Could Revolutionize African Energy

Dec 15, 2014 at 14:38 | Juan Cole

LIMA, (IPS) – Africa is experiencing a revolution towards cleaner energy through renewables but the story has hardly been told to the world, says Achim Steiner, Executive Director of the…

Air Fares Unchanged By Low Oil Prices

Air Fares Unchanged By Low Oil Prices

Dec 12, 2014 at 14:27 | Andy Tully

Many oil-producing countries may be fretting over the falling prices of their product, but nearly everyone else is enjoying this development. Except, perhaps, air passengers, who may or may not…

Despite Low Oil Price New BP Oil Sands Project Begins Operations

Despite Low Oil Price New BP Oil Sands Project Begins Operations

Dec 12, 2014 at 14:21 | MINING.com

Aerial view of Sunrise Energy Project. (Image courtesy of Husky Energy) Energy giant BP (NYSE:BP) and partner Husky Energy…

Weak Ruble Damaging Neighboring Economies

Weak Ruble Damaging Neighboring Economies

Dec 12, 2014 at 14:16 | RFE/RL staff

As the value of Russia's ruble tumbles amid low oil global prices and Western sanctions, it is taking the currencies of many former Soviet republics down…

BP, Another Victim Of Cheap Oil, To Cut Jobs Through 2015

BP, Another Victim Of Cheap Oil, To Cut Jobs Through 2015

Dec 11, 2014 at 15:00 | Andy Tully

Rather than cut production in the face of the oil price slump, BP instead will eliminate 1,000 or more jobs in both its oil and gas businesses by the end…

BG Group To Sell Australian Pipeline For $5 Billion

BG Group To Sell Australian Pipeline For $5 Billion

Dec 11, 2014 at 14:54 | Andy Tully

BG Group, the British natural gas giant, will reap $5 billion when it completes a deal in the first half of 2015 to sell its QCLNG Pipeline in Australia to…

India And Russia Sign Nuclear Energy Deal

India And Russia Sign Nuclear Energy Deal

Dec 11, 2014 at 14:48 | RFE/RL staff

Russia has signed deals to build nuclear power plants in India and supply it with oil during a visit by President Vladimir Putin, who is trying to recharge a long-standing…

Kuwait Oil Chief Sees Oil Prices At $64 For A Half-Year

Kuwait Oil Chief Sees Oil Prices At $64 For A Half-Year

Dec 10, 2014 at 14:02 | Andy Tully

The CEO of the Kuwait’s state-run oil company says the price of oil won’t rise above $64 per barrel until at least mid-2015 unless either the global economy recovers or…

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