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Breaking News:

ExxonMobil Underwhelms With Q1 Earnings

Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Renewable energy installations reached record…

Will Namibia Become OPEC’s Newest Member?

Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC…

News

Gazprom Calls on Shell’s Aid in Russian Arctic Energy Battle with Rosneft

Gazprom Calls on Shell’s Aid in Russian Arctic Energy Battle with Rosneft

Apr 18, 2013 at 16:30 | Joao Peixe

As the battle with Rosneft over offshore energy resources along the Russian Arctic shelf heats up, Gazprom has called on its trusted ally Royal Dutch Shell for support. The two…

Keystone XL Route Change Puts Environmentalists on the Back Foot

Keystone XL Route Change Puts Environmentalists on the Back Foot

Apr 17, 2013 at 16:46 | James Burgess

For years those opposing the Keystone XL pipeline used the argument that building the pipe along its proposed route would endanger the delicate Sand Hills Region in Nevada, a sprawling…

Has Exxon Mobil Tried to Cover Up the Truth at Arkansas Oil Spill?

Has Exxon Mobil Tried to Cover Up the Truth at Arkansas Oil Spill?

Apr 17, 2013 at 16:45 | Joao Peixe

It was two weeks ago that Exxon Mobil’s (NYSE: XOM) Pegasus pipeline ruptured, spilling hundreds of thousands of gallons of oil into the town of Mayflower, Arkansas, and I think…

EU to Ease Syrian Sanctions and Allow Purchase of Oil from Opposition

EU to Ease Syrian Sanctions and Allow Purchase of Oil from Opposition

Apr 17, 2013 at 16:44 | Charles Kennedy

On Wednesday, European diplomats announced that they will ease sanctions against Syria so that European companies can begin to buy oil the rebel opposition forces.When the uprising against…

Using Engineered Timber as a Sustainable Building Material

Using Engineered Timber as a Sustainable Building Material

Apr 17, 2013 at 16:43 | Editorial Dept

All around the world construction is an industry that consumes a lot of energy and is generally renowned for being unsustainable. One solution that is growing in popularity is the…

First Quarter Usage of all Petroleum Distillates

First Quarter Usage of all Petroleum Distillates

Apr 17, 2013 at 16:42 | Editorial Dept

Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils. Once again that there can be little proof of major…

Qatar to Enter North American Shale Gas Industry with Exxon Mobil Deal

Qatar to Enter North American Shale Gas Industry with Exxon Mobil Deal

Apr 16, 2013 at 16:50 | Joao Peixe

On Monday, Exxon Mobil Corp (NYSE: XOM) signed a memorandum of understanding with Qatar Petroleum International (QPI) in which both agreed to work together to evaluate and assess unconventional natural…

Lockheed Martin to Design 10MW OTEC Power Plant for Real Estate Group

Lockheed Martin to Design 10MW OTEC Power Plant for Real Estate Group

Apr 16, 2013 at 16:49 | Joao Peixe

Lockheed Martin (NYSE: LMT), the military contractor, has just signed a memorandum agreement with the real-estate developer Reignwood Group, to design and build a 10MW ocean thermal energy conversion (OTEC)…

China Shows Interest in ConocoPhillip’s Kashagan Oilfield Stake

China Shows Interest in ConocoPhillip’s Kashagan Oilfield Stake

Apr 16, 2013 at 16:47 | Charles Kennedy

The Kashagan oilfield in Kazakhstan, with an estimated 30 billion barrels of crude oil, was the largest oil discovery in the last 40 years. A multinational consortium was formed between…

China Hopes to Gain Foothold in the Arctic through Partnership with Iceland

China Hopes to Gain Foothold in the Arctic through Partnership with Iceland

Apr 16, 2013 at 16:47 | James Burgess

China looks as though it might set up an unlikely partnership with the small island nation of Iceland. Iceland’s prime minister is currently in Beijing to complete a free trade…

Gasoline Prices Continue to Fall as Oil Prices Drop

Gasoline Prices Continue to Fall as Oil Prices Drop

Apr 16, 2013 at 16:46 | Editorial Dept

As part of the commodity sell-off, oil prices were down again today (the price of gold is irrelevant for the economy, but oil matters). According to Bloomberg, WTI was down…

Dr. Ernest Moniz Gives an Indication of How the DoE will Look Under his Guidance

Dr. Ernest Moniz Gives an Indication of How the DoE will Look Under his Guidance

Apr 15, 2013 at 16:38 | James Burgess

Dr. Ernest Moniz, the MIT physics professor who is set to be the new Energy Secretary, has just recently held a confirmation hearing where he spoke about his ideas and…

French Vineyard to Sell CO2 to Toothpaste Companies

French Vineyard to Sell CO2 to Toothpaste Companies

Apr 15, 2013 at 16:37 | Charles Kennedy

Vineyards around the world rely on a delicately balanced climate in their particular area to ensure the perfect grapes for producing quality wine. Unfortunately many vineyards are threatened by climate…

China’s Growing Use of Methanol as a Cleaner Alternative to Gasoline

China’s Growing Use of Methanol as a Cleaner Alternative to Gasoline

Apr 15, 2013 at 16:37 | Joao Peixe

As China’s economy has grown over the past decade at a breakneck pace it has struggled to match the increasing demand for fuel for cars that its people are buying…

Total and CNOOC Agree to Build Crude Oil Refinery in Uganda

Total and CNOOC Agree to Build Crude Oil Refinery in Uganda

Apr 15, 2013 at 16:35 | Joao Peixe

Having finally settled their differences Total and CNOOC have agreed deal with the government of Uganda to build a small oil refinery in the East African country.Explorers initially…

Taking Money from the Public to Bail out the Banks

Taking Money from the Public to Bail out the Banks

Apr 15, 2013 at 16:34 | Editorial Dept

Far be it from bondholders or banks that caused the debt crisis to be punished for their sins, German 'Wise Men' push for wealth seizure to fund EMU bail-outs.…

Woodside Cancel $45 Billion Onshore LNG Project in Favour of Offshore Plant

Woodside Cancel $45 Billion Onshore LNG Project in Favour of Offshore Plant

Apr 12, 2013 at 17:06 | Joao Peixe

Woodside Petroleum has just announced that it is cancelling its $45 billion liquefied natural gas (LNG) project in Australia after it has decided that it no longer makes an economic…

Japan Considering 21 New Geothermal Plants

Japan Considering 21 New Geothermal Plants

Apr 12, 2013 at 17:04 | Joao Peixe

In its seemingly never ending quest to find alternative sources of energy to replace its nuclear power sector, Japan’s Ministry of Economy, Trade, and Industry has stated that 21 new…

Huge Power Ship Helps Lebanon Avoid Blackouts

Huge Power Ship Helps Lebanon Avoid Blackouts

Apr 12, 2013 at 17:02 | James Burgess

As Lebanon’s economy has developed over the years its energy demand has generally increased by 6% - 8% a year, however over the past two years it has increased at…

World’s First Ever Algae Powered Building Being Tested in Hamburg

World’s First Ever Algae Powered Building Being Tested in Hamburg

Apr 12, 2013 at 17:00 | Charles Kennedy

The world’s first ever algae-powered building is being built and tested in Hamburg, Germany.Designed by the engineering multinational firm Arup, more famous for designing the Pompidou Centre, the…

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