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News

China Will Be The Big Winner In OPEC’s Production Decision

China Will Be The Big Winner In OPEC’s Production Decision

Dec 01, 2014 at 16:07 | Andy Tully

When OPEC decided on Nov. 27 not to reduce production below a nearly 3-year-old cap of 30 million barrels a day, the losers were producers such as the United…

BG Succumb To Shareholder Anger Over New CEO Salary

BG Succumb To Shareholder Anger Over New CEO Salary

Dec 01, 2014 at 16:00 | Andy Tully

Evidently the board of BG Group was listening when investor groups complained about a huge pay package for Helge Lund, who is set to become the new CEO of the…

Breakthrough In Wood To Gasoline Research

Breakthrough In Wood To Gasoline Research

Nov 28, 2014 at 14:50 | Brian Westenhaus

Researchers at the Netherland’s KU Leuven’s Centre for Surface Chemistry and Catalysis have successfully converted sawdust into building blocks for gasoline. With the invention of a new chemical process, they…

Chilean Mining Sector Energy Demand To Double By 2025

Chilean Mining Sector Energy Demand To Double By 2025

Nov 28, 2014 at 14:44 | MINING.com

El Teniente is the world's biggest underground copper mine and the sixth largest copper mine by reserve size. Chile's mining industry, responsible…

State Of Emergency In Ukraine As Russia Cuts Off Coal

State Of Emergency In Ukraine As Russia Cuts Off Coal

Nov 27, 2014 at 13:54 | Andy Tully

First it was a cutoff of Russian natural gas, now Ukraine faces Moscow’s suspension of coal deliveries as winter approaches. As a result, Kiev has been forced to declare a…

Pressure Mounts On Quebec To Ban Uranium Mining

Pressure Mounts On Quebec To Ban Uranium Mining

Nov 26, 2014 at 14:13 | MINING.com

Demonstrators outside hearings for the Matoush uranium project. (Image from archives) A group of young members of the James Bay Cree…

Russia Struggling Under Low Oil Prices, Sanctions

Russia Struggling Under Low Oil Prices, Sanctions

Nov 25, 2014 at 16:07 | Andy Tully

The plunge in oil prices combined with Western sanctions is costing Russia’s economy as much as $140 billion this year, according to Finance Minister Anton Siluanov. “We’re losing around $40…

Khamenei: West Will Not 'Bring Iran To Its Knees' On Nuclear Issue

Khamenei: West Will Not 'Bring Iran To Its Knees' On Nuclear Issue

Nov 25, 2014 at 16:02 | RFE/RL staff

  "In the nuclear issue, arrogants have made their best to bring Iran to its knees, but they were…

Moscow Must Look Elsewhere As Western Oil Companies Quit Russian Projects

Moscow Must Look Elsewhere As Western Oil Companies Quit Russian Projects

Nov 24, 2014 at 14:18 | Andy Tully

As sanctions force Western companies to abandon joint projects in Russia, the country’s energy minister says it’s time for Moscow to replace them with partners that are allowed to follow…

Russian Finance Minister Says Ruble Will Continue To Fall, But More Slowly

Russian Finance Minister Says Ruble Will Continue To Fall, But More Slowly

Nov 24, 2014 at 14:13 | Andy Tully

  A Former Russian finance minister says that, although the wild fluctuations in the ruble may have ended, its value could continue to fall for as much as two years…

Goldman Sachs Winding Down Coal And Uranium Trading

Goldman Sachs Winding Down Coal And Uranium Trading

Nov 24, 2014 at 14:09 | MINING.com

Goldman Sachs, the biggest trading firm on Wall Street, will wind down its uranium trading business and may sell its coal mine subsidiary in Colombia, according to a Senate…

Iran Would Double Oil Exports If Sanctions Are Lifted

Iran Would Double Oil Exports If Sanctions Are Lifted

Nov 21, 2014 at 16:45 | Andy Tully

Iran’s oil minister, Bijan Namdar Zanganeh, says that once UN sanctions are lifted, his country could quickly double its exports of crude oil and wouldn’t give up “even one barrel”…

Opposition To TransCanada Pipeline Growing In Quebec

Opposition To TransCanada Pipeline Growing In Quebec

Nov 21, 2014 at 16:35 | MINING.com

Image credit: Wikimedia Commons Quebec Environment Minister David Heurtel has set seven conditions TransCanada (NYSE, TSE:TRP) will have to meet…

Norway Unfazed By Drop In Oil Prices

Norway Unfazed By Drop In Oil Prices

Nov 20, 2014 at 13:46 | Andy Tully

There’s no doubt that, like other major energy-producing countries, Norway faces challenges from the plunge in oil prices. But state-owned Statoil says its can continue to be profitable through partnerships…

Bakken September Production Data Yields Odd Results

Bakken September Production Data Yields Odd Results

Nov 20, 2014 at 13:39 | Ron Patterson

North Dakota just released the Bakken September Production Data as well as the September Production data for all North Dakota. There was a surprisingly hefty increase in Bakken…

Dutch Team Develop ‘Warmer’ LEDs

Dutch Team Develop ‘Warmer’ LEDs

Nov 20, 2014 at 13:27 | Andy Tully

Not all light is created equal. Fluorescent lamps generate a lot of light and little heat, but their blue glare can be harsh. Incandescent light is softer, with a hue…

Venezuela, Ignored By OPEC, Seeks Oil-price Relief Elsewhere

Venezuela, Ignored By OPEC, Seeks Oil-price Relief Elsewhere

Nov 19, 2014 at 16:14 | Andy Tully

Venezuela, openly frustrated by Saudi Arabia’s refusal to support a cut in crude production, is reaching out beyond OPEC to discuss ways to stop the recent decline in oil prices.…

Shipping Traffic Increases Fourfold Leading To Pollution Concerns

Shipping Traffic Increases Fourfold Leading To Pollution Concerns

Nov 19, 2014 at 16:08 | Andy Tully

Global ship traffic has exploded during the past two decades, likely bringing with it more air, water and even noise pollution, according to a new study by the American Geophysical…

By Buying Baker Hughes, Halliburton Aims To Dominate US Fracking

By Buying Baker Hughes, Halliburton Aims To Dominate US Fracking

Nov 18, 2014 at 15:51 | Andy Tully

Halliburton Co.’s purchase of Baker Hughes for about $35 billion is designed to cuts costs for the combined companies and help them dominate hydraulic fracturing in North America. It also…

Keystone Of Little Benefit To U.S. Says Obama

Keystone Of Little Benefit To U.S. Says Obama

Nov 18, 2014 at 15:39 | MINING.com

Image via WikiMedia Commons. As expected, the U.S. House of Representatives has voted in favour of approving TransCanada…

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