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Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024

U.S. supermajors ExxonMobil and Chevron,…

Fresh EU Sanctions on Russian Gas Could Trigger a Price Rally

Fresh EU Sanctions on Russian Gas Could Trigger a Price Rally

TotalEnergies CEO Pouyanne has predicted…

News

Hybrid Rocket Engine could Revolution Space Travel

Hybrid Rocket Engine could Revolution Space Travel

Sep 10, 2013 at 16:22 | James Burgess

Outside of the Culham Science Centre in Oxfordshire, England, sits a jet engine which engineer Alan Bond claims to be the beginning of the world’s first ever fully reusable spaceship…

Blown Out Gulf of Mexico Natural Gas Rig, Plugged but not Sealed

Blown Out Gulf of Mexico Natural Gas Rig, Plugged but not Sealed

Sep 10, 2013 at 16:11 | Joao Peixe

Federal regulators have confirmed that a natural gas well in the Gulf of Mexico that blew out in July has been plugged, although it may still be a long time…

Venezuelan Crisis Worsens: Water Twice as Expensive as Gasoline

Venezuelan Crisis Worsens: Water Twice as Expensive as Gasoline

Sep 10, 2013 at 16:08 | Charles Kennedy

Due to years of underinvestment in the water processing system, and a rich abundance of crude oil, water in Venezuela is now twice as expensive as gasoline.Residents in…

After Years of Delay Giant Kashagan Oil Field Ready to Begin Producing Oil

After Years of Delay Giant Kashagan Oil Field Ready to Begin Producing Oil

Sep 10, 2013 at 16:05 | Joao Peixe

After years of delay, the Kazakh oil and gas minister announced on Tuesday that the Kashagan oilfield was finally ready to start producing crude oil for the first time within…

UK to Set up Sovereign Wealth Fund to Finance Low Carbon Projects

UK to Set up Sovereign Wealth Fund to Finance Low Carbon Projects

Sep 09, 2013 at 17:17 | James Burgess

A new report, written by Professor David Mackay, chief scientific advisor to the Department of Energy and Climate Change, and Dr Timothy Stone, Senior advisor to the Secretary of…

Which Chinese PV Manufacturers will Survive the Post Subsidy Apocalypse?

Which Chinese PV Manufacturers will Survive the Post Subsidy Apocalypse?

Sep 09, 2013 at 17:12 | Joao Peixe

A huge complex built outside Xinyu city in southeast China, was designed to hold 170 solar power companies, but now only five remain.The Chinese government poured billions…

China Buys $5 Billion Stake in Kazakhstan’s Giant Oil Field

China Buys $5 Billion Stake in Kazakhstan’s Giant Oil Field

Sep 09, 2013 at 17:08 | Charles Kennedy

China has been expanding into any foreign energy producing market that it has been able to as it looks to secure a mix of energy and hydrocarbon supplies for its…

Kuwait Petroleum to Spend $38 Million Improving Management Competency

Kuwait Petroleum to Spend $38 Million Improving Management Competency

Sep 09, 2013 at 17:04 | Joao Peixe

In December 2008, just a few months after the global financial collapse, Petrochemical Industries Co., a subsidiary of Kuwait Petroleum Corp., pulled out of a $17.4 billion contract with…

Oil Prices Rise as Russia Promises to Aid Syria in Case of Attack

Oil Prices Rise as Russia Promises to Aid Syria in Case of Attack

Sep 06, 2013 at 17:34 | James Burgess

“Will we help Syria? We will!”The statement made by Russian President Vladimir Putin to help its long-time ally in the case of an attack, caused global oil…

Japan’s L Zero Maglev Train Sets New Speed Record of 310mph

Japan’s L Zero Maglev Train Sets New Speed Record of 310mph

Sep 06, 2013 at 17:31 | Joao Peixe

Long distance travel is one of the few sectors that has experienced little technological advancement over the past decades, yet recently some persons, most notably Elon Musk’s Hyperloop, have begun…

Exxon Mobil Predict Natural Gas Demand to Grow 65% in 30 Years

Exxon Mobil Predict Natural Gas Demand to Grow 65% in 30 Years

Sep 06, 2013 at 17:26 | Charles Kennedy

At a recent petrochemical conference in Pasadena, Exxon Mobil Corp predicted that by 2040 natural gas will be used to generate 25% of the world’s electricity, and overtake coal to…

Port Arthur is Sacrificed so the US can have Gasoline

Port Arthur is Sacrificed so the US can have Gasoline

Sep 05, 2013 at 16:57 | Charles Kennedy

Port Arthur is a town within Jefferson County, Texas, home to numerous huge refineries that process 900,000 barrels of crude oil a day, and the proposed end destination for the…

President Obama: The US Should Follow Sweden’s Renewable Energy Lead

President Obama: The US Should Follow Sweden’s Renewable Energy Lead

Sep 05, 2013 at 16:53 | James Burgess

On Wednesday, President Barack Obama held a meeting and press conference with Fredrik Reinfeldt, the Prime Minister of Sweden, in which he was asked what the US could learn…

Wider Panama Canal will Allow US LNG to Reach Asian Market

Wider Panama Canal will Allow US LNG to Reach Asian Market

Sep 05, 2013 at 16:49 | Joao Peixe

Growing Asian demand is expected to offer the largest market potential for LNG producers over the next couple of decades, and it seems as though the US may be positioning…

Russia Signs Deal to Build New Nuclear Reactors in the UK

Russia Signs Deal to Build New Nuclear Reactors in the UK

Sep 05, 2013 at 16:44 | Joao Peixe

On Thursday, Rosatom, the state-owned, Russian nuclear energy company, announced that it had signed an agreement with Rolls-Royce of the UK, and Fortum, a Finnish utility company, to build…

New Energy Storage System Turns Wind Energy into Clean Natural Gas

New Energy Storage System Turns Wind Energy into Clean Natural Gas

Sep 04, 2013 at 16:49 | Charles Kennedy

Germany has just witnessed the opening of the world’s first ever industrial scale renewable energy plant that uses excess wind energy to create hydrogen, and then pump the hydrogen…

Scotland’s Claims of £1.5 Trillion Oil & Gas Reserves are Way Off

Scotland’s Claims of £1.5 Trillion Oil & Gas Reserves are Way Off

Sep 04, 2013 at 16:45 | James Burgess

As the Scottish National Party (SNP) tries to build support for its plan to achieve independence and split from the UK, one of the important arguments that it makes is…

Turbulence Ahead for EU’s Aviation Emission Regulations

Turbulence Ahead for EU’s Aviation Emission Regulations

Sep 04, 2013 at 16:42 | Joao Peixe

In an attempt to encourage airlines to reduce their emissions the EU released regulations that would charge all planes flying into or out of Europe for the emissions that they…

Why Ecuador’s Yasuni-ITT Programme Failed, Despite Global Admiration

Why Ecuador’s Yasuni-ITT Programme Failed, Despite Global Admiration

Sep 04, 2013 at 16:39 | Joao Peixe

In 2007 Rafael Correa, the President of Ecuador, proposed an ambitious and thoroughly respectable plan to the world. Offer Ecuador €2.7 billion by 2020 as a form of compensation, and…

50,100 Miles of Faulty Pipelines Pose Serious Public Safety Threat Across the US

50,100 Miles of Faulty Pipelines Pose Serious Public Safety Threat Across the US

Sep 03, 2013 at 16:55 | James Burgess

A recent article on Bloomberg described a disaster that occurred in 1976 in West Texas when an underground oil pipeline exploded, burning to death five people.Unbeknownst to Cristobal…

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