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News

U.S. LNG Export Industry to be Worth $47 Billion a Year by 2020

U.S. LNG Export Industry to be Worth $47 Billion a Year by 2020

Dec 06, 2012 at 16:33 | Joao Peixe

A recent study carried out by NERA Economic Consulting on behalf of the US Energy Department has found that the economic benefits of exporting its cheap and abundant natural…

Environmentalists Must Make Up their Minds about Renewable Energy

Environmentalists Must Make Up their Minds about Renewable Energy

Dec 06, 2012 at 16:32 | Charles Kennedy

Environmentalists are united in the common belief that the world must phase out fossil fuels and develop the majority of its energy from renewable sources.Unfortunately renewable energy is…

Deepwater Horizon Chemical Dispersants 52 Times More Toxic than Oil

Deepwater Horizon Chemical Dispersants 52 Times More Toxic than Oil

Dec 05, 2012 at 16:35 | James Burgess

The Deepwater Horizon oil spill is widely considered one of, if not the, worst environmental disasters in history. Around 4.9 million barrels of oil leaked into the Gulf of Mexico,…

US Military Working with GE to Develop New Type of Engine

US Military Working with GE to Develop New Type of Engine

Dec 05, 2012 at 16:33 | Joao Peixe

Military research teams are working with General Electric, and other companies, to develop a new class of engine which will be able to efficiently burn hydrogen or fossil fuels to…

Spark-Less Tools: Say Goodbye to Hot Work

Spark-Less Tools: Say Goodbye to Hot Work

Dec 05, 2012 at 16:33 | Joao Peixe

Hot work refers to all activities that can be performed on oil rigs which create heat and could therefore potentially ignite flammable materials and cause explosions; grinding, welding, cutting, etc.

TAQA Hopes to Raise $2 Billion with Bond Sale

TAQA Hopes to Raise $2 Billion with Bond Sale

Dec 05, 2012 at 16:32 | Charles Kennedy

Abu Dhabi’s state owned energy company, the Abu Dhabi National Energy Co. (TAQA), has announced that it will be holding a two part bond sale in order to raise $2…

World's Largest Copper Producer Moves Back into Oil with $9 Billion Takeover

World's Largest Copper Producer Moves Back into Oil with $9 Billion Takeover

Dec 05, 2012 at 16:30 | Joao Peixe

The world’s largest publically traded copper producer, Freeport-McMoRan Copper & Gold Inc., has announced a $9 billion agreement to buy the oil company Plains Exploration & Production Co., and McMoRan…

British Airways Agrees to Buy $500 Million of Biofuel over Next Ten Years

British Airways Agrees to Buy $500 Million of Biofuel over Next Ten Years

Dec 04, 2012 at 16:11 | Joao Peixe

British Airways has just agreed to the world’s largest, advanced biofuel commitment made by any airline. In its drive to reduce its carbon emissions it has pledged to buy over…

Sasol to Build the First Ever Gas-to-Liquid Plant in the US

Sasol to Build the First Ever Gas-to-Liquid Plant in the US

Dec 04, 2012 at 16:08 | James Burgess

Sasol, the South African energy company based in Johannesburg, is taking a big leap of faith that the shale gas industry in the US will go from strength to strength…

Non-Oil Companies Dominate China's Shale Gas Auction

Non-Oil Companies Dominate China's Shale Gas Auction

Dec 04, 2012 at 16:07 | Charles Kennedy

China is believed to hold the world’s largest reserves of shale gas and with this in mind, the first round of shale gas auctions attracted many investors who are not…

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