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News

Elon Musk Turns his Eye on Iron Man’s Technology

Elon Musk Turns his Eye on Iron Man’s Technology

Aug 30, 2013 at 20:52 | Charles Kennedy

Elon Musk, the famed founder and CEO of Tesla Motors, seems to be a limitless fount of ideas, bringing next generation technology to the world way ahead of anyone else.…

Apache Sell Third of Egypt Oil & Gas Business to Sinopec for $3.1 Billion

Apache Sell Third of Egypt Oil & Gas Business to Sinopec for $3.1 Billion

Aug 30, 2013 at 20:48 | Joao Peixe

Apache Corp. has just announced that it will sell a third of its oil and gas business in Eygpt to China’s Sinopec for $3.1 billion in cash. The companies…

Balcombe Residents, Fed Up with Protestors Give Support to Fracking

Balcombe Residents, Fed Up with Protestors Give Support to Fracking

Aug 29, 2013 at 16:51 | James Burgess

Balcombe, a tiny village in West Sussex, has become the battle ground of the fracking debate in the UK.Earlier in the month hundreds of people gathered just outside…

Solar and Wind Energy to be Cost Competitive by 2025

Solar and Wind Energy to be Cost Competitive by 2025

Aug 29, 2013 at 16:46 | Joao Peixe

The National Renewable Energy Laboratory (NERL) has released a study, called ‘Beyond Renewable Portfolio Standards: An Assessment of Regional Supply and Demand Conditions Affecting the Future of Renewable Energy…

Don’t Believe the Hype, Global Warming hasn’t Stopped

Don’t Believe the Hype, Global Warming hasn’t Stopped

Aug 29, 2013 at 16:43 | Charles Kennedy

Some people have recently been stating that global warming is over, or at least slowing down. Texas Senator Ted Cruz recently declared that the Earth has not warmed since…

Wary of Iraq Repeat, Support is Lacking for Action against Syria

Wary of Iraq Repeat, Support is Lacking for Action against Syria

Aug 29, 2013 at 16:39 | Joao Peixe

What a difference 24 hours can make! Only yesterday it seemed that war, or some form of US-led armed attack, against Syria seemed more a case of ‘when’ and not…

Iran Installs 1,000 Advanced Centrifuges for Uranium Enrichment

Iran Installs 1,000 Advanced Centrifuges for Uranium Enrichment

Aug 28, 2013 at 16:42 | Joao Peixe

Iran currently has over 15,000 operating centrifuges that work to produce medium-enriched uranium, a product that Western powers fear will be used to create nuclear weapons, and the reason for…

Ford Could Easily Reduce US Fuel Consumption by 22.6 Million Gallons a Year

Ford Could Easily Reduce US Fuel Consumption by 22.6 Million Gallons a Year

Aug 28, 2013 at 16:37 | James Burgess

Gas 2 recently wrote an article which determined that through some very minor, simple design changes to a popular US product, one company could save its customers over a…

Shale Boom Protects US from Short Term Oil Price Spikes as it Heads into Syria

Shale Boom Protects US from Short Term Oil Price Spikes as it Heads into Syria

Aug 28, 2013 at 16:31 | Joao Peixe

As always, the markets are roiling in anticipation of a US-led attack on Syria, and the ensuing trouble that such an attack could cause in the Middle East, and its…

Norwegian Oil Production to Hit 25-Year Low, East Arctic the Key?

Norwegian Oil Production to Hit 25-Year Low, East Arctic the Key?

Aug 28, 2013 at 16:29 | Charles Kennedy

Norway is the largest oil producer in Europe, and the second largest natural gas exporter in the world, but oil production is set to fall to a 25 year…

Europe Loses Billions Each Year to Fuel Theft and Fraud

Europe Loses Billions Each Year to Fuel Theft and Fraud

Aug 27, 2013 at 16:31 | Charles Kennedy

Theft, fraud, and smuggling are becoming a big problem in Europe’s petroleum industry. Bloomberg described a case that highlighted the ease with which some daring groups can steal huge…

The Impact of Well Worded Press Releases on Oil Companies Stock Prices

The Impact of Well Worded Press Releases on Oil Companies Stock Prices

Aug 27, 2013 at 16:30 | James Burgess

Making big oil discoveries should make a company more attractive and therefore increase the share price, but in order to reap this growth in value the oil company must make…

Libya Orders Military to Destroy Tankers in Crack-Down on Illegal Oil Sales

Libya Orders Military to Destroy Tankers in Crack-Down on Illegal Oil Sales

Aug 27, 2013 at 16:28 | James Burgess

Es Sider is the largest of several ports in eastern Libya that have been shut since the end of July due to protests by security guards and oil workers…

Common Household Items that Add Hundreds of Dollars to Energy Bills

Common Household Items that Add Hundreds of Dollars to Energy Bills

Aug 27, 2013 at 16:25 | Joao Peixe

Based on an article written in the National Geographic, here we look at some common household items that consume a surprising amount of energy, and could be adding hundreds…

The US Wastes Enough Energy Each Year to Power the UK for Seven Years

The US Wastes Enough Energy Each Year to Power the UK for Seven Years

Aug 26, 2013 at 17:05 | James Burgess

Each year the Lawrence Livermore National Laboratory releases an analysis of the energy input and energy use of the US economy to determine the energy efficiency.It might…

Green Houses Built from Carbon Emissions

Green Houses Built from Carbon Emissions

Aug 26, 2013 at 16:59 | Charles Kennedy

Carbon capture and sequestration poses a viable form of reducing carbon emissions and permanently removing the carbon dioxide from the atmosphere, however it is only possible in certain geological formations,…

Anadarko Sells Mozambique Natural Gas Stake for $2.64 Billion

Anadarko Sells Mozambique Natural Gas Stake for $2.64 Billion

Aug 26, 2013 at 16:53 | Joao Peixe

Anadarko Petroleum Corp. has agreed to sell part of its stake in Mozambique’s deep-water Rovuma Basin natural gas field to India’s Oil & Natural Gas Corp. (ONGC Videsh) for $2.64…

Abu Dhabi withdraw from $12 Billion Turkish Energy Project

Abu Dhabi withdraw from $12 Billion Turkish Energy Project

Aug 26, 2013 at 16:48 | Joao Peixe

Turkey’s currency recently fell to record lows after an emerging market sell-off, and the country’s economy looks unlikely to grow, not the best environment to begin a multibillion dollar project,…

Nigeria’s Oil Industry Threatened by Petroleum Industry Bill

Nigeria’s Oil Industry Threatened by Petroleum Industry Bill

Aug 23, 2013 at 17:13 | Charles Kennedy

Nigeria may have just shot itself in the foot with its proposed Petroleum Industry Bill (PIB).The bill would boost industry taxes enough to deter further investment in oil…

India Hopes Floating Solar Power Plants will Help Bring Energy Independence

India Hopes Floating Solar Power Plants will Help Bring Energy Independence

Aug 23, 2013 at 17:08 | Joao Peixe

India’s energy problems have been well documented over the past couple of years, most notably during the huge blackouts in 2012 which left over 700 million without power.

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