• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
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Tanker Attacks Could Have A Lasting Effect On Oil Prices

Tanker Attacks Could Have A Lasting Effect On Oil Prices

After the tanker sabotage attempts…

Oil Flat Despite Middle East Tensions

Oil Flat Despite Middle East Tensions

Oil markets appear to have…

News

U.S. Wind Power Output Increases as Turbine Blades Grow Longer

U.S. Wind Power Output Increases as Turbine Blades Grow Longer

Jul 20, 2012 at 17:15 | Joao Peixe

The US Department of Energy has compiled a report which states that energy generated from wind turbines in the US has grown by 27 percent over the last year alone.…

Richard Branson Requests Meeting with Obama and Chu to Discuss IFR's

Richard Branson Requests Meeting with Obama and Chu to Discuss IFR's

Jul 20, 2012 at 17:13 | James Burgess

Richard Branson sent a letter to the US government propounding the benefits of integral fast reactors (IFR), a next generation nuclear technology, and requesting a meeting with President Barack Obama…

Abengoa and Silvermet to Build Two New Steel Dust Recycling Plants in Turkey

Abengoa and Silvermet to Build Two New Steel Dust Recycling Plants in Turkey

Jul 20, 2012 at 17:11 | Joao Peixe

Befesa, the industrial residue recycling division of Abengoa, a renewable energy and clean technology provider from Seville, has announced it will invest $120 million in a joint venture project with…

Gazprom's Monopoly in the European Natural Gas Market Slips

Gazprom's Monopoly in the European Natural Gas Market Slips

Jul 19, 2012 at 17:28 | Charles Kennedy

Gazprom, the Russian state-owned natural gas giant that supplies Europe with most of its gas, has benefited from a monopoly of Russian exports which was intended to prevent competition between…

Geoengineering: Sun-Reflecting Chemicals to be Sprayed into Air Above New Mexico

Geoengineering: Sun-Reflecting Chemicals to be Sprayed into Air Above New Mexico

Jul 19, 2012 at 17:27 | Charles Kennedy

Geoengineering has been covered before on oilprice.com. It is a radical method to counter climate change which involves manipulating the environment in order to cool the atmosphere on a…

Italian PM Hopes to Attract $18 Billion Investment by Relaxing Offshore Oil Ban

Italian PM Hopes to Attract $18 Billion Investment by Relaxing Offshore Oil Ban

Jul 19, 2012 at 17:23 | James Burgess

After the Gulf of Mexico spill in 2010, Italy’s then Prime Minister, Sergio Berlusconi, put a ban on all offshore gas exploration in Italian waters, fearful of a similar disaster.…

DONG Energy to Install 300 Siemens 6MW Offshore Wind Turbines in the UK

DONG Energy to Install 300 Siemens 6MW Offshore Wind Turbines in the UK

Jul 19, 2012 at 17:19 | Joao Peixe

Siemens have just announced that they have signed a deal with DONG Energy for the supply of 300 6MW offshore wind turbines to be installed in UK waters between 2014…

Saudi Arabia Looks to Secure $109 Billion to Develop its Solar Industry

Saudi Arabia Looks to Secure $109 Billion to Develop its Solar Industry

Jul 18, 2012 at 18:23 | Charles Kennedy

The Kingdom Abdullah City for Atomic and Renewable Energy (Ka-care), is agency set up by Saudi Arabia in April 2010 in order to organise and oversee the nations renewable energy…

Natural Gas Explosion in Louisiana Heard 12 Miles Away

Natural Gas Explosion in Louisiana Heard 12 Miles Away

Jul 18, 2012 at 18:22 | Joao Peixe

This morning in southern Louisiana, a 14 inch natural gas pipeline ruptured, causing a large explosion which could be heard up to 12 miles away.A local paper, the…

US Coast Guard Needs Billions of Dollars to Cover Oil Companies in the Arctic

US Coast Guard Needs Billions of Dollars to Cover Oil Companies in the Arctic

Jul 18, 2012 at 18:21 | James Burgess

Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month. Global warming has led to large amounts of ice melting,…


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