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News

Close to Achieving Full Independence, KRG Hit with Major Legal Dispute

Close to Achieving Full Independence, KRG Hit with Major Legal Dispute

Oct 22, 2013 at 16:26 | Joao Peixe

Thanks to the regions huge untapped oil reserves, its generous production-sharing contracts, and the stability that the local KRG offers compared to the rest of Iraq, Kurdistan has attracted billions…

China’s Rush for Hydropower Ignores its Citizens Wellbeing

China’s Rush for Hydropower Ignores its Citizens Wellbeing

Oct 22, 2013 at 15:53 | Joao Peixe

After releasing its 12th five-year plan, the Chinese government decided to set ambitious targets for renewable energy installations in an attempt to reduce dependence on coal power plants, which are…

Shell Claims Global Liquid Fuel Demand will Peak in 2035

Shell Claims Global Liquid Fuel Demand will Peak in 2035

Oct 21, 2013 at 17:09 | James Burgess

Some said that the automobile would never replace the horse, so when it has been said that oil will never be replaced as the main driver behind society’s existence, maybe…

Brazil could Mark a Change in Strategy for Chinese Oil Companies

Brazil could Mark a Change in Strategy for Chinese Oil Companies

Oct 21, 2013 at 17:05 | Charles Kennedy

On Monday, Chinese state owned oil companies will compete with other international oil majors to win rights for exploration and development of blocks in Brazil’s Libra pre-salt deepwater field.

UK Heralds in a New Era of Nuclear Energy with Hinkley Point Deal

UK Heralds in a New Era of Nuclear Energy with Hinkley Point Deal

Oct 21, 2013 at 17:02 | Joao Peixe

The UK government has finally agreed a deal with EDF to build the first nuclear power plant in Great Britain for 20 years, the first of many in a new…

40,000 Petrobras Employees Strike over Upcoming Libra Oilfield Auction

40,000 Petrobras Employees Strike over Upcoming Libra Oilfield Auction

Oct 18, 2013 at 17:21 | Joao Peixe

Having made the largest discovery of oil in decades, Brazil is trying to attract foreign investors to help its state-owned oil company, Petrobras, develop the giant reserves.On Monday…

Oil Majors Flock to Morocco, Excited by Offshore Potential

Oil Majors Flock to Morocco, Excited by Offshore Potential

Oct 18, 2013 at 17:16 | Charles Kennedy

Technological advances, and a better understanding of geological formations, has allowed oil companies to discover reserves in regions previously thought to be empty. This has caused a boom in activity…

Rising Energy Prices Force UK to Turn to Renewable Energy

Rising Energy Prices Force UK to Turn to Renewable Energy

Oct 18, 2013 at 17:02 | Joao Peixe

Energy prices are rising in the UK by fairly large margins. Last week SSE, one of the largest energy companies in Great Britain, said that it will increase its prices…

Apache Shifts Oil Focus to North America

Apache Shifts Oil Focus to North America

Oct 17, 2013 at 16:43 | Charles Kennedy

As Kenya prepares to pump its first crude and investors can hardly get enough of this East African hotspot, US-based Apache Corp. has announced it will be divesting its acreage…

UK Opens its Doors to Chinese Investment in Key Infrastructure

UK Opens its Doors to Chinese Investment in Key Infrastructure

Oct 17, 2013 at 16:41 | Joao Peixe

On the final day of his trade visit to China, British Chancellor of the Exchequer, George Osborne, has announced that Chinese companies will be allowed to buy a stake…


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