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News

Venezuela Sees Foreign Investment in Oil Fall in Political Vacuum Left by Chavez

Venezuela Sees Foreign Investment in Oil Fall in Political Vacuum Left by Chavez

Jan 25, 2013 at 16:52 | Joao Peixe

Due to the political vacuum left by Hugo Chavez’s absence whilst he battles cancer behind closed doors, Venezuela’s oil industry has experienced the first decline in foreign investment in five…

Britain Excited by Potential Oil and Gas Boom in the North Sea

Britain Excited by Potential Oil and Gas Boom in the North Sea

Jan 25, 2013 at 16:51 | Charles Kennedy

Over the years the estimates of untapped reserves in the North Sea have increased, and just recently the British Secretary of State for Energy and Climate Change, Ed Davey, announced…

US Company Uses Fracking Technique to Extract Uranium

US Company Uses Fracking Technique to Extract Uranium

Jan 24, 2013 at 16:42 | James Burgess

The US is obsessed with achieving energy independence and reducing its reliance on foreign oil, yet Amir Adnani, the CEO of Uranium Energy Corp. (UEC) in Texas, has stated that…

Electric Bike Completes 80 Day Trip Around the World for $400

Electric Bike Completes 80 Day Trip Around the World for $400

Jan 24, 2013 at 16:41 | Joao Peixe

An electric motorcycle known as the Zerotracer has recently completed an 80 day trip around the world, which it completed for a cost of just $400, making it the world’s…

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Jan 24, 2013 at 16:40 | Charles Kennedy

Ukraine has very nearly stepped out from under the shadow of Russia and its dependency on Natural gas supplies from Gazprom, by today signing a $10 billion deal to develop…

US Fracking Rigs Quickly Moving Away from Diesel to Nat Gas

US Fracking Rigs Quickly Moving Away from Diesel to Nat Gas

Jan 24, 2013 at 16:39 | Joao Peixe

More and more fracking drill rigs are converting to run on natural gas in preference to diesel, with the biggest affirmation of this being Apache Corp’s (NYSE:APA) announcement to power…

Medvedev Announces that Novatek may soon Break Gazprom's Monopoly

Medvedev Announces that Novatek may soon Break Gazprom's Monopoly

Jan 23, 2013 at 16:27 | James Burgess

Back in 2006 Russian President Vladimir Putin gave the state controlled natural gas company Gazprom the exclusive rights to export its product in an attempt to prevent competition from domestic…

Can OPEC Maintain High Oil Prices into the Future?

Can OPEC Maintain High Oil Prices into the Future?

Jan 23, 2013 at 16:26 | Joao Peixe

OPEC is probably the single most powerful organisation in the oil industry, able to influence the price of oil to help its member states; however a review by Bassam Fattouh…

Obama Once Again Delays Keystone XL Decision

Obama Once Again Delays Keystone XL Decision

Jan 23, 2013 at 16:25 | Charles Kennedy

In an ever increasing show of cowardice President Barack Obama has once again avoided making any decision about the fate of the Keystone XL pipeline, instead deciding to delay his…

Report Estimates Battle Against Climate Change will Cost $700 Billion a Year

Report Estimates Battle Against Climate Change will Cost $700 Billion a Year

Jan 23, 2013 at 16:24 | Joao Peixe

A new report written by the Green Growth Action Alliance in conjunction with the World Economic Forum (WEF), has estimated that around $700 billion a year must be invested in…

Daily Rate for Supertankers Falls as Demand Weakens in the Persian Gulf

Daily Rate for Supertankers Falls as Demand Weakens in the Persian Gulf

Jan 22, 2013 at 16:31 | Joao Peixe

The demand for oil supertankers in the Persian Gulf has fallen, most likely as a result of the reduced exports that are coming out of Iran due to the sanctions…

New Technology Could Drastically Reduce Cost of Offshore Wind Power

New Technology Could Drastically Reduce Cost of Offshore Wind Power

Jan 22, 2013 at 16:30 | Charles Kennedy

A new technology for anchoring offshore structures to the seabed could drastically reduce the cost, and increase the speed of installation for offshore wind farms; making the offshore wind a…

Geoengineering: Sprinkling Mineral Dust in Oceans to Combat Climate Change

Geoengineering: Sprinkling Mineral Dust in Oceans to Combat Climate Change

Jan 22, 2013 at 16:27 | James Burgess

Geoengineering is a technique that can be used to reverse the effects of climate change on a global scale; it is considered highly controversial as it may have unknown secondary…

UK Industrial Biotech Sector could be Worth £12 Billion by 2025

UK Industrial Biotech Sector could be Worth £12 Billion by 2025

Jan 22, 2013 at 16:26 | Joao Peixe

A new report written by Jonathon Porritt, one of the UK’s leading environmentalists, states that the industrial biotech (IB) industry in the UK could be worth £12 billion by 2025…

Ecuador's Radical Initiative to Save its Rainforest from Oil Companies

Ecuador's Radical Initiative to Save its Rainforest from Oil Companies

Jan 21, 2013 at 16:21 | James Burgess

The Yasuni national Park in Ecuador, where the foothills of the Andes meet the Amazon rainforest on the equator, is one of the most biologically diverse habitats in the world,…

How the Sun could Send the US Back to the Stone Age

How the Sun could Send the US Back to the Stone Age

Jan 21, 2013 at 16:20 | Charles Kennedy

The sun is the source of most energy on earth; yet whilst it provides us with energy, which is vital to our survival, it can also take energy away from…

Rio Tinto CEO Fired After Horrendous Blunder in Mozambique Deal

Rio Tinto CEO Fired After Horrendous Blunder in Mozambique Deal

Jan 21, 2013 at 16:18 | Joao Peixe

Back at the beginning of 2011 coal was in very high demand, especially from steelmakers who were struggling to find supplies on the market as heavy flooding at Australian mines…

Venezuela and the U.S. to Try and Improve Relationship

Venezuela and the U.S. to Try and Improve Relationship

Jan 21, 2013 at 16:17 | Joao Peixe

Relations between the US and Venezuela have been famously frosty during the term of President Hugo Chavez, yet it now seems that the two may be willing to try and…

How can we Predict the Next Recession?

How can we Predict the Next Recession?

Jan 21, 2013 at 16:15 | Editorial Dept

A few thoughts on the "next recession" ... Forecasters generally have a terrible record at predicting recessions. There are many reasons for this poor performance. In 1987, economist Victor Zarnowitz…

Will Oil Majors Pull out of Algeria after its Security Reputation is Shattered?

Will Oil Majors Pull out of Algeria after its Security Reputation is Shattered?

Jan 18, 2013 at 16:38 | Charles Kennedy

The hostage situation in Algeria’s In Amenas oil field could spell doom for the country’s oil and natural gas industry.Since the end of the civil war in the…

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