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Fossil Fuels Hit All-Time Low in UK Electricity Generation

Fossil Fuels Hit All-Time Low in UK Electricity Generation

The UK's generation of electricity…

U.S. Drilling Activity Slips

U.S. Drilling Activity Slips

The total number of active…

News

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Economist Warns that Texas Oil Boom will Begin to Slow this Year

Jan 30, 2014 at 16:32 | James Burgess

Karr Ingham, an economist and owner of Ingham Economic Reporting, recently spoke at the Houston Petroleum Club about the Texas Petroleum Index and to warn them that despite booming…

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Environmentalists and Oil Industry are Annoyed by State of the Union Address

Jan 30, 2014 at 16:30 | James Burgess

On Tuesday night President Barack Obama gave his fifth formal State of the Union address, in which he celebrated the US oil and gas sector causing environmentalists to worry that…

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

S.Korea Approves Construction of 1st New Nuclear Plants after Safety Scandal

Jan 30, 2014 at 16:26 | Joao Peixe

South Korea, the fourth largest economy in Asia, is heavily dependent on nuclear power, yet in the wake of the 2011 Fukushima disaster in Japan and a more recent domestic…

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Richard Branson’s Renewable Fuel, Butanol, Prepares for US Debut

Jan 29, 2014 at 16:43 | James Burgess

Butanol is a renewable biofuel that is set to debut at US pumps next year, and hopes to challenge ethanol’s dominance of the $26 billion market.Just as with…

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Seabed Carpet to Generate Huge Amounts of Energy from Waves

Jan 29, 2014 at 16:40 | Charles Kennedy

Reza Alam, an assistant professor at US Berkeley and expert in wave mechanics, is designing a ‘carpet’ to be laid across the seafloor that will turn the energy from ocean…

London Plans to Use Heat from the Underground to Keep Homes Warm

London Plans to Use Heat from the Underground to Keep Homes Warm

Jan 29, 2014 at 16:38 | Joao Peixe

The London underground is generally a hot and uncomfortable place, warmed by the thousands of commuters, lights, trains, and other such sources of heat. A new scheme plans to put…

Iraqi Energy Sector Threatened by Syrian Spillover

Iraqi Energy Sector Threatened by Syrian Spillover

Jan 28, 2014 at 17:03 | Charles Kennedy

Despite the fact that Iraq is preparing to experience one of its largest ever jumps in oil production output in its history, Hussain al-Shahristani, the Deputy Prime Minister for Energy,…

Tesla Completes Coast-to-Coast Section of Free Supercharger Network

Tesla Completes Coast-to-Coast Section of Free Supercharger Network

Jan 28, 2014 at 17:01 | James Burgess

Tesla’s drive to dominate the world of Electric Vehicles, beginning with the US market, has passed a new milestone after CEO and co-founder Elon Musk last week posted on Twitter…

New Report Blames Oil Price Volatility for Lack of Stable Economic Growth

New Report Blames Oil Price Volatility for Lack of Stable Economic Growth

Jan 28, 2014 at 16:56 | Joao Peixe

A new report for Oxford University has stated that crude oil price volatility is undermining stable economic growth around the world, and that governments must do more to reduce…

Falling Gasoline Prices Hurt Calls to Lift US Oil Export Ban

Falling Gasoline Prices Hurt Calls to Lift US Oil Export Ban

Jan 28, 2014 at 16:54 | Joao Peixe

The battle by some oil companies in the US to persuade congress to lift the oil export ban that has been in place since the 1970’s oil embargo has hit…

UAE Considers Importing Cheap Shale Gas from North America

UAE Considers Importing Cheap Shale Gas from North America

Jan 27, 2014 at 16:34 | Charles Kennedy

In perhaps the strongest sign of the impact that the North American shale boom is having on the world, the United Arab Emirates, a member of OPEC and the eighth…

TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas

TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas

Jan 27, 2014 at 16:32 | James Burgess

The Canadian winter is probably the worst time to lose access to a reliable source of heat and energy, but nearly 4,000 residents in the province of Manitoba are without…

Cambridge University Study Calls for Increased Taxation of Fracking Companies

Cambridge University Study Calls for Increased Taxation of Fracking Companies

Jan 27, 2014 at 16:27 | Joao Peixe

A new study from the University of Cambridge has suggested that any companies attempting to frack for shale gas in the UK should be forced to pay £6 billion…

Russia to become a Major LNG Producer within a Decade

Russia to become a Major LNG Producer within a Decade

Jan 27, 2014 at 16:24 | Joao Peixe

Leonid Mikhelson, the chief executive and co-owner of Novatek, has predicted that Russia will become one of the top LNG producers in the world within the next ten years, matching…

US Officials State that Iran has been Exaggerating its Crude Export Figures

US Officials State that Iran has been Exaggerating its Crude Export Figures

Jan 24, 2014 at 16:54 | Charles Kennedy

Throughout the whole period the West imposed its harsh economic sanctions on Iran, the Persian state has tried to maintain that it has not been as heavily affected as some…

Beijing Cracks Down on Pollution, Banning New Refining, Steel, and Coal Plants

Beijing Cracks Down on Pollution, Banning New Refining, Steel, and Coal Plants

Jan 24, 2014 at 16:53 | Joao Peixe

The city of Beijing has just announced that it will ban the construction of any new oil refining, steel, cement, and thermal power plants as well as preventing the…

Great Britain Launches 28th Round of Licences in the North Sea

Great Britain Launches 28th Round of Licences in the North Sea

Jan 24, 2014 at 16:49 | James Burgess

The British government and economy have historically relied heavily on oil and gas revenues from fields in the North Sea, yet production from the region has been in constant decline…

Railways Favouring Oil, Leaving Canada’s Record Grain Crop Stuck on the Prairie

Railways Favouring Oil, Leaving Canada’s Record Grain Crop Stuck on the Prairie

Jan 23, 2014 at 16:53 | Charles Kennedy

As the boom in production of crude oil in North America has grown it has far exceeded the flow capacity offered by pipelines. Transporting oil by rail has proven an…

Microscopic Wind Turbines Offer Renewable Energy on the Go

Microscopic Wind Turbines Offer Renewable Energy on the Go

Jan 23, 2014 at 16:50 | Brian Westenhaus

A University of Texas at Arlington (UTA) research associate and electrical engineering professor have designed a micro-wind turbine that generates electrical energy.  Their target looks to be an innovative…

European Oil Companies Return to Iran, Hopeful of Sanctions Relief

European Oil Companies Return to Iran, Hopeful of Sanctions Relief

Jan 23, 2014 at 16:45 | James Burgess

Representatives from major European oil companies have been meeting officials in Iran in an attempt to strengthen relationships and put themselves in a position of favour ahead of the anticipated…

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