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These Are the World's Biggest Oil Reserves

These Are the World's Biggest Oil Reserves

Russia's discovery of colossal oil…

Hopes of Fed Cut Jolts Oil Prices

Hopes of Fed Cut Jolts Oil Prices

Brent crude jumped above $80…

News

Gaza to Shut Down Only Power Plant Due to Fuel Shortage

Gaza to Shut Down Only Power Plant Due to Fuel Shortage

Nov 01, 2013 at 18:07 | Joao Peixe

The people of Gaza have had to suffer the long standing conflict between Israelis and Palestinians, and in recent years, due to a shortage of available, affordable fuel, up to…

KRG Announces Plans to Build Second Oil Pipeline to Turkey

KRG Announces Plans to Build Second Oil Pipeline to Turkey

Oct 31, 2013 at 17:57 | Charles Kennedy

Having just completed the first pipeline to carry crude oil out of the Kurdish region of northern Iraq and across the border to Turkey, the KRG has announced that a…

Eike Batista’s Year from Hell Continues as OGX Files for Bankruptcy Protection

Eike Batista’s Year from Hell Continues as OGX Files for Bankruptcy Protection

Oct 31, 2013 at 17:52 | James Burgess

Just hours before becoming the first Brazilian oil producer to ever file for bankruptcy protection, OGX Petroleo e Gas Participacoes SA was able to sell its only producing assets;…

Shell Announces Plans to Resume Arctic Oil Exploration in 2014

Shell Announces Plans to Resume Arctic Oil Exploration in 2014

Oct 31, 2013 at 17:49 | Joao Peixe

After a disastrous campaign in 2012, which forced the company to abandon all plans for this year, Royal Dutch Shell has announced that it will return to the Arctic…

UK Energy Firms Guilty of Market Manipulation to Face Criminal Charges

UK Energy Firms Guilty of Market Manipulation to Face Criminal Charges

Oct 31, 2013 at 17:44 | Joao Peixe

Ever since the promise made by Labour party leader Ed Miliband to freeze energy prices for 20…

1,300 Mile Bike Path to Turn Keystone XL into Tourist Attraction?

1,300 Mile Bike Path to Turn Keystone XL into Tourist Attraction?

Oct 30, 2013 at 17:43 | Charles Kennedy

Whilst the Keystone XL pipeline does not make headlines quite as often as it used to, the debate about whether it should be built or not still rages on in…

Obama Asks Senate to Delay New Iranian Sanctions, to Give Talks a Chance

Obama Asks Senate to Delay New Iranian Sanctions, to Give Talks a Chance

Oct 30, 2013 at 17:38 | James Burgess

Despite the fact that talks with Iran’s new President Hassan Rouhani seem to be going much better, and progress is being made to resolving the conflict with the West, the…

Oman to Spend $50 Billion on Mega Projects

Oman to Spend $50 Billion on Mega Projects

Oct 30, 2013 at 17:36 | Joao Peixe

Ahmed bin Hassan Al Dheeb, the undersecretary to the Sultan of Oman, spoke recently at the Oman Project Forum 2013, where he announced that the country will spend more…

UK Banks Finance Destruction of Borneo’s Forests

UK Banks Finance Destruction of Borneo’s Forests

Oct 30, 2013 at 17:34 | Joao Peixe

Samarinda is the capital city of East Kalimantan, a province on the Island of Borneo. 30 years ago it was a quiet village situated in deep equatorial forestland, but today…

Australia Set to Deploy the World’s Largest Wave Energy Device

Australia Set to Deploy the World’s Largest Wave Energy Device

Oct 29, 2013 at 18:00 | Joao Peixe

The Australian Renewable Energy Agency (ARENA) has recently announced that it has launched “the world’s first one megawatt wave-energy-to-electricity unit,” although the wave energy convertor is not yet in the…

South Sudan to Auction off Oil Exploration Licences before Year’s End

South Sudan to Auction off Oil Exploration Licences before Year’s End

Oct 29, 2013 at 17:55 | Charles Kennedy

On Tuesday, Mohamed Lino Benjamin, the director general of petroleum at the South Sudanese Petroleum and Mining Ministry, announced in an east African oil and gas conference that his country…

Hungarian Prime Minister Reduces Energy Bills by 20%

Hungarian Prime Minister Reduces Energy Bills by 20%

Oct 29, 2013 at 17:51 | Joao Peixe

In the past few weeks energy prices in the UK have begun to jump by more…

Green Field Energy Services Files for Bankruptcy Protection

Green Field Energy Services Files for Bankruptcy Protection

Oct 29, 2013 at 17:48 | James Burgess

On Sunday, Green Field Energy Services, the first ever company to run its hydraulic fracturing equipment on natural gas, filed for bankruptcy protection after failing to pay monthly instalments on…

New York to Create Nation’s First State-Based Strategic Gasoline Reserve

New York to Create Nation’s First State-Based Strategic Gasoline Reserve

Oct 28, 2013 at 18:02 | James Burgess

At the end of October 2012 Superstorm Sandy hit the US East Coast, causing severe damage in New Jersey and New York, flooding streets, knocking out power to millions of…

Mexican Drug Cartels Attack State-Owned Energy Assets

Mexican Drug Cartels Attack State-Owned Energy Assets

Oct 28, 2013 at 17:58 | Joao Peixe

Mexico’s energy sector has caught the eye of the drug cartels as an easy target to attack in its renowned war against the government. In the early hours of Sunday…

UK to Finance Subsea Energy Cable to Connect Grid with Iceland

UK to Finance Subsea Energy Cable to Connect Grid with Iceland

Oct 28, 2013 at 17:53 | Charles Kennedy

The Guardian has written that it expects Iceland’s president Olafur Grimsson to this week ask the British government to hand over the finances necessary to begin construction of the

Oil Service Companies Flock to Saudi Arabia for 2014

Oil Service Companies Flock to Saudi Arabia for 2014

Oct 28, 2013 at 17:48 | Joao Peixe

The shale boom in the US and Canada has led to an overcapacity for rigs, restricting the profits of energy service companies. As the likes of Schlumberger, Halliburton, and Baker…

Libya Prevents Marathon Oil from Selling its Assets

Libya Prevents Marathon Oil from Selling its Assets

Oct 25, 2013 at 17:36 | James Burgess

Since the fall of Muammar Gaddafi in 2011 Libya has suffered political and civil unrest, culminating in strikes at oil and gas terminals across the country, and a serious…

Is the Siberian Oilfield to be Developed by China and Russia Radioactive?

Is the Siberian Oilfield to be Developed by China and Russia Radioactive?

Oct 25, 2013 at 17:25 | Joao Peixe

There is a chance that the deal between Rosneft and CNPC to jointly develop a giant oilfield in Siberia may be tainted. I’m not talking about the corruption or illegal…

Dubai Company to Develop $5 Billion Energy City in the Philippines

Dubai Company to Develop $5 Billion Energy City in the Philippines

Oct 25, 2013 at 17:16 | Charles Kennedy

Malaya Business Insight, a Philippine national newspaper, has recently reported that Kampac International, a company based in Dubai which works in oil and gas trading, exploration and production, refining,…

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