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News

KRG Announces Plans to Build Second Oil Pipeline to Turkey

KRG Announces Plans to Build Second Oil Pipeline to Turkey

Oct 31, 2013 at 17:57 | Charles Kennedy

Having just completed the first pipeline to carry crude oil out of the Kurdish region of northern Iraq and across the border to Turkey, the KRG has announced that a…

Eike Batista’s Year from Hell Continues as OGX Files for Bankruptcy Protection

Eike Batista’s Year from Hell Continues as OGX Files for Bankruptcy Protection

Oct 31, 2013 at 17:52 | James Burgess

Just hours before becoming the first Brazilian oil producer to ever file for bankruptcy protection, OGX Petroleo e Gas Participacoes SA was able to sell its only producing assets;…

Shell Announces Plans to Resume Arctic Oil Exploration in 2014

Shell Announces Plans to Resume Arctic Oil Exploration in 2014

Oct 31, 2013 at 17:49 | Joao Peixe

After a disastrous campaign in 2012, which forced the company to abandon all plans for this year, Royal Dutch Shell has announced that it will return to the Arctic…

UK Energy Firms Guilty of Market Manipulation to Face Criminal Charges

UK Energy Firms Guilty of Market Manipulation to Face Criminal Charges

Oct 31, 2013 at 17:44 | Joao Peixe

Ever since the promise made by Labour party leader Ed Miliband to freeze energy prices for 20…

1,300 Mile Bike Path to Turn Keystone XL into Tourist Attraction?

1,300 Mile Bike Path to Turn Keystone XL into Tourist Attraction?

Oct 30, 2013 at 17:43 | Charles Kennedy

Whilst the Keystone XL pipeline does not make headlines quite as often as it used to, the debate about whether it should be built or not still rages on in…

Obama Asks Senate to Delay New Iranian Sanctions, to Give Talks a Chance

Obama Asks Senate to Delay New Iranian Sanctions, to Give Talks a Chance

Oct 30, 2013 at 17:38 | James Burgess

Despite the fact that talks with Iran’s new President Hassan Rouhani seem to be going much better, and progress is being made to resolving the conflict with the West, the…

Oman to Spend $50 Billion on Mega Projects

Oman to Spend $50 Billion on Mega Projects

Oct 30, 2013 at 17:36 | Joao Peixe

Ahmed bin Hassan Al Dheeb, the undersecretary to the Sultan of Oman, spoke recently at the Oman Project Forum 2013, where he announced that the country will spend more…

UK Banks Finance Destruction of Borneo’s Forests

UK Banks Finance Destruction of Borneo’s Forests

Oct 30, 2013 at 17:34 | Joao Peixe

Samarinda is the capital city of East Kalimantan, a province on the Island of Borneo. 30 years ago it was a quiet village situated in deep equatorial forestland, but today…

Australia Set to Deploy the World’s Largest Wave Energy Device

Australia Set to Deploy the World’s Largest Wave Energy Device

Oct 29, 2013 at 18:00 | Joao Peixe

The Australian Renewable Energy Agency (ARENA) has recently announced that it has launched “the world’s first one megawatt wave-energy-to-electricity unit,” although the wave energy convertor is not yet in the…

South Sudan to Auction off Oil Exploration Licences before Year’s End

South Sudan to Auction off Oil Exploration Licences before Year’s End

Oct 29, 2013 at 17:55 | Charles Kennedy

On Tuesday, Mohamed Lino Benjamin, the director general of petroleum at the South Sudanese Petroleum and Mining Ministry, announced in an east African oil and gas conference that his country…


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