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News

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…

US Electrical Grid Vulnerable to Squirrel Attacks

US Electrical Grid Vulnerable to Squirrel Attacks

Sep 03, 2013 at 16:49 | Joao Peixe

In an intriguing article for the New York Times, Jon Mooallem, described his fascination with power outages caused by squirrels in the US, and explained that they are far more…

Caspian Sea Set to Become a Major Hub for Natural Gas Production

Caspian Sea Set to Become a Major Hub for Natural Gas Production

Sep 03, 2013 at 16:44 | Charles Kennedy

The Caspian Sea, located between south-eastern Europe and Asia, is bordered by Russia, Azerbaijan, Iran, Turkmenistan, Kazakhstan, and whilst historically it has been a region for producing crude oil, the…

China Continues Corruption Probe into Top State Officials

China Continues Corruption Probe into Top State Officials

Sep 03, 2013 at 16:40 | James Burgess

As part of a giant investigation into graft (bribery and corruption) amongst China’s major, state-owned companies, the ruling Communist Party has just dismissed Jiang Jiemin, the head of the…

Radiation Levels at Fukushima 18 Times Higher than Previously Thought

Radiation Levels at Fukushima 18 Times Higher than Previously Thought

Sep 02, 2013 at 17:02 | Charles Kennedy

On the 11th April 2011 a 9.0 magnitude earthquake caused a huge tsunami to strike Japan’s north-east coast, killing close to 19,000 people, and severely damaging the Fukushima Daiichi nuclear…

Tesla Opens First European Model S Assembly Plant and Supercharger Network

Tesla Opens First European Model S Assembly Plant and Supercharger Network

Sep 02, 2013 at 16:59 | Joao Peixe

On the 23rd of August Tesla officially opened its Tilburg Assembly Plant, their first assembly plant in Europe, allowing some of the very first European customers, from Holland, Belgium, France,…

Brazilian Energy Mogul Removed from Forbes’ Billionaires List

Brazilian Energy Mogul Removed from Forbes’ Billionaires List

Sep 02, 2013 at 16:57 | Joao Peixe

In 2010 Eike Batista, the Brazilian entrepreneur, told Forbes that he would one day become the world’s richest man. In 2012 his wealth was estimated at $30 billion and it…

Obama Delays Call to Arms in Search of Support from Congress

Obama Delays Call to Arms in Search of Support from Congress

Sep 02, 2013 at 16:52 | James Burgess

On Saturday, President Barack Obama announced that, although he himself has the power to send the US to war, he will ask for authorisation from Congress before taking any…

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