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EU Slaps Sanctions On Turkey For Illegal Offshore Drilling

EU Slaps Sanctions On Turkey For Illegal Offshore Drilling

A surprisingly muscular response beyond…

The Energy Storage Industry Is Exploding

The Energy Storage Industry Is Exploding

The energy storage industry is…

Iran Tries To Seize British Oil Tanker

Iran Tries To Seize British Oil Tanker

Iranian military boats tried to…

News

Oil Companies Start Retaking Oil Rigs Abandoned Ahead of Hurricane Isaac

Oil Companies Start Retaking Oil Rigs Abandoned Ahead of Hurricane Isaac

Sep 03, 2012 at 17:35 | Charles Kennedy

Following the evacuation and abandonment of 596 oil platforms in the Gulf of Mexico ahead of Hurricane Isaac, 377 are now manned once more, although oil and natural gas production…

NASA to Create Robotic Drilling Rig

NASA to Create Robotic Drilling Rig

Sep 03, 2012 at 17:33 | James Burgess

Robotic Drilling Systems AS is a Norwegian based company that has just signed a deal with NASA which will help it in its dream of developing a fully automated drilling…

Residents Ordered to Evacuate as Dam in Louisiana Threatens Imminent Collapse

Residents Ordered to Evacuate as Dam in Louisiana Threatens Imminent Collapse

Sep 03, 2012 at 17:33 | James Burgess

Whilst much of the US is facing the worst drought in 50 years, another part is suffering the effects of too much water.Torrential rains caused by Hurricane Isaac…

Who is to Blame for the Collapse of the Middle Class?

Who is to Blame for the Collapse of the Middle Class?

Sep 03, 2012 at 17:32 | Editorial Dept

Since 2000, the middle class has shrunken in size. It has fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.

Greek Oil Tanker Robbed and Released off Togo

Greek Oil Tanker Robbed and Released off Togo

Aug 31, 2012 at 17:17 | Joao Peixe

Pirates hijacked a Greek-operated oil tanker off the coast of Togo and stole 3,000 tons of oil cargo, releasing the ship back to the captain on Thursday, news agencies reported.…

Russian Oligarch Battle over Sibneft Concludes in London

Russian Oligarch Battle over Sibneft Concludes in London

Aug 31, 2012 at 17:08 | Charles Kennedy

Russian oligarch Roman Abramovich has won a $6.8 billion lawsuit stemming from allegations that he bullied fellow oligarch Boris Berezovsky into selling shares at below market prices in Russian oil…

South Sudan a Year Away from Full Oil Production

South Sudan a Year Away from Full Oil Production

Aug 31, 2012 at 17:06 | Charles Kennedy

Officials in Juba, South Sudan, told media this week that it will take up to a year to restart full oil production due to damage caused to hydrocarbon infrastructure during…

India's Esser Oil Increases Iranian Imports

India's Esser Oil Increases Iranian Imports

Aug 31, 2012 at 17:05 | Joao Peixe

India’s privately owned Esser Oil has reportedly increased imports of Iranian oil by one-third in July and has renewed its deal with Iran for the purchase of 100,000 bdp in…

US Targets Mexican Oil Company Linked to Drug Cartel

US Targets Mexican Oil Company Linked to Drug Cartel

Aug 30, 2012 at 18:57 | Joao Peixe

US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s US assets have been frozen due to owner Francisco Antonio Colorado…

Hurricane Isaac Prompts Natural Gas Rally

Hurricane Isaac Prompts Natural Gas Rally

Aug 30, 2012 at 18:55 | Charles Kennedy

Wednesday saw natural gas futures up nearly 1% on news that Hurricane Isaac would push more production offline and potentially damage the natural gas infrastructure in the affected region. Nearly…


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