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Explaining the Israel and Iran Missile Exchange

Explaining the Israel and Iran Missile Exchange

In response to Iran's attack…

U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Will Namibia Become OPEC’s Newest Member?

Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC…

News

Abu Dhabi Opens the World’s Largest Concentrated Solar Power Plant

Abu Dhabi Opens the World’s Largest Concentrated Solar Power Plant

Mar 19, 2013 at 17:30 | Editorial Dept

The United Arab Emirates are rich in oil, and as a result rich in pocket, yet unlike the US oil industry the Arab states understand that renewable energy is vital…

Volcanic Shield can Protect from Eruptions and Generate Electricity

Volcanic Shield can Protect from Eruptions and Generate Electricity

Mar 16, 2013 at 14:47 | James Burgess

Volcanoes pose a threat to populations living in their vicinity, yet also have the potential to provide huge amounts of geothermal energy. A new design, known as the VolcanElectric Mask…

US Treasury Goes After a Greek Businessman Who Helped Iran Avoid Sanctions

US Treasury Goes After a Greek Businessman Who Helped Iran Avoid Sanctions

Mar 16, 2013 at 14:35 | Charles Kennedy

The US Treasury Department has come down hard on a Greek businessman who they claim has been helping Iran to evade sanctions and export its oil by buying a fleet…

10 Billion Barrels of Oil Discovered in Kenya’s Cradle of Mankind

10 Billion Barrels of Oil Discovered in Kenya’s Cradle of Mankind

Mar 16, 2013 at 14:33 | Charles Kennedy

The Cradle of Mankind is a Great Rift valley that runs through Kenya, created by separating tectonic plates, and so named due to the million-year old human remains that have…

Expect More Focus on China and Russia in Post-Chavez Venezuela

Expect More Focus on China and Russia in Post-Chavez Venezuela

Mar 16, 2013 at 14:31 | Joao Peixe

If acting President Nicolas Maduro wins the April 14 election against Henrique Capriles then an increased focus on deals with China and Russia should be expected as he continues with…

Somali Pirates Release Hijacked Oil Tanker and Crew after 10 Months

Somali Pirates Release Hijacked Oil Tanker and Crew after 10 Months

Mar 14, 2013 at 17:43 | James Burgess

In May 2012 Somali pirates hijacked an oil tanker owned by Dynacom Tankers Management. It was one of the last successful pirate attacks against a large tanker, as combined efforts…

China Set to Overtake Germany as the World’s Largest Consumer of PV Power

China Set to Overtake Germany as the World’s Largest Consumer of PV Power

Mar 14, 2013 at 17:37 | Charles Kennedy

A new report written by NPD Solarbuzz has predicted that China will overtake Germany to become the largest consumer of photovoltaic power in the world this year.It…

Exxon Mobil’s View of the World in 2040

Exxon Mobil’s View of the World in 2040

Mar 14, 2013 at 17:36 | Stuart Burns

Crystal ball-gazing is often a welcome distraction from a slow or dull market, but it serves a useful purpose too, particularly for firms with long design-to-market cycles or looking to…

Qatar may Invest £10 Billion in UK Infrastructure Projects

Qatar may Invest £10 Billion in UK Infrastructure Projects

Mar 14, 2013 at 17:30 | Joao Peixe

The Financial Times has reported that officials and ministers from the United Kingdom and the Kingdom of Qatar have been in talks over recent weeks about the possibility of Qatar…

Colombia’s Largest Coal Exporter Bombed Days after Deal to End Strike

Colombia’s Largest Coal Exporter Bombed Days after Deal to End Strike

Mar 14, 2013 at 17:29 | Joao Peixe

Only days after Colombia’s largest coal exporter, Cerrejon, signed a wage agreement to end a month long strike which had paralyzed exports and cost the government millions in lost royalties,…

Oil Barge Collides with Pipeline in Waters near to New Orleans

Oil Barge Collides with Pipeline in Waters near to New Orleans

Mar 13, 2013 at 17:39 | Charles Kennedy

At around 6pm Tuesday evening, a tug boat pushing a fully laden oil barge along the river near to Bayou Perot, just 48km south of New Orleans, ran into a…

Iran Increases Oil Exports, Despite New US Sanctions

Iran Increases Oil Exports, Despite New US Sanctions

Mar 13, 2013 at 17:36 | Joao Peixe

The US has upped their sanctions against Iran once again in their attempts to restrict Iran’s oil exports and the subsequent revenue that it provides the Persian country. Hopes are…

Has Japan Doomed the Planet by Starting to Extract Methane Hydrates?

Has Japan Doomed the Planet by Starting to Extract Methane Hydrates?

Mar 13, 2013 at 17:35 | Joao Peixe

The state-owned Japan Oil, Gas, and Metals National Corporation, has just recently become the first company in the world to successfully extract natural gas from methane hydrate deposits trapped beneath…

Solar Wind Energy Source could be Used to Revolutionize Nuclear Power

Solar Wind Energy Source could be Used to Revolutionize Nuclear Power

Mar 13, 2013 at 17:34 | James Burgess

A team of scientists, led by Dr. Justin Kasper of the Harvard Smithsonian Centre for Astrophysics, have used data collected by NASA’s oldest active spacecraft, the Wind Solar Probe, to…

Japan Begins to Extract Natural Gas from Offshore Methane Hydrates

Japan Begins to Extract Natural Gas from Offshore Methane Hydrates

Mar 12, 2013 at 17:53 | James Burgess

Japan has announced what it believes to be a world first, the production of natural gas from offshore methane hydrate deposits.Methane hydrates are a very underdeveloped, under-investigated source…

Mass Protests could Doom Taiwan’s $8.9 Billion Nuclear Power Plant

Mass Protests could Doom Taiwan’s $8.9 Billion Nuclear Power Plant

Mar 12, 2013 at 17:52 | Joao Peixe

Taiwan’s fourth nuclear power plant, the $8.9 billion Longmen Nuclear Power Plant project, is threatened as more than 68,000 protestors took part in marches over the weekend to oppose its…

Brazil’s Subsalt Oil & Gas Deposits Twice as Large as Existing Reserves

Brazil’s Subsalt Oil & Gas Deposits Twice as Large as Existing Reserves

Mar 12, 2013 at 17:51 | Charles Kennedy

A representative from Brazil’s energy ministry has recently announced that the giant subsalt oil and gas deposits that were discovered in 2007, may yield around 35 billion barrels of recoverable…

Iceland Offers a Shining Example of a Sustainable Economy

Iceland Offers a Shining Example of a Sustainable Economy

Mar 12, 2013 at 17:50 | Joao Peixe

Having hit rock bottom in 2008 as its banking system collapsed and it had to declare bankruptcy, Iceland is picking itself up and now exists of a modern model of…

Spain’s Shale Gas Reserves could Meet Domestic Demand for more than 40 Years

Spain’s Shale Gas Reserves could Meet Domestic Demand for more than 40 Years

Mar 11, 2013 at 17:22 | Joao Peixe

Following the huge success of fracking in the US and the shale gas boom that it triggered, many other countries have investigated their shale gas prospects, especially in Europe.

PetroChina to Invest $3.7 Billion in Australian LNG Projects

PetroChina to Invest $3.7 Billion in Australian LNG Projects

Mar 11, 2013 at 17:21 | Joao Peixe

Australia has seven LNG developments under construction worth a total $190 billion, which, when completed by the end of the decade, will make Australia the largest supplier of LNG in…

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