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News

$215.4 Billion of Investments in CDM Projects by End of 2012

$215.4 Billion of Investments in CDM Projects by End of 2012

Nov 23, 2012 at 16:43 | Joao Peixe

A recent report by the UN Framework Convention on Climate Change has estimated that a total of $215.4 billion of investments will have been made through the clean development mechanism…

Petrobras Records $8 Billion Loss after being Forced to Sell Gasoline below Cost

Petrobras Records $8 Billion Loss after being Forced to Sell Gasoline below Cost

Nov 22, 2012 at 17:07 | Charles Kennedy

In an effort to battle inflation in his country, Brazilian President Dilma Rousseff has forbidden the state-run oil company Petroleo Brasileiro SA - Petrobras (NYSE: PBR) from increasing its oil…

Germany's Renewable Energy Problems Serve as a Warning to the UK

Germany's Renewable Energy Problems Serve as a Warning to the UK

Nov 22, 2012 at 17:05 | Charles Kennedy

On the 14th of September 2012 the 3,500 wind turbines that exist around the UK managed to produce just over four gigawatts of power to the national grid; a record.…

Political Infighting in UK Government Leads to Higher Consumer Energy Bills

Political Infighting in UK Government Leads to Higher Consumer Energy Bills

Nov 22, 2012 at 17:03 | James Burgess

Damian Carrington, the author of the Guardian’s environment blog, recently spoke to an undisclosed senior executive from a major UK energy investment firm about the state of the UK…

South Korean Consortium Acquires 40% Stake in Abu Dhabi Oil Fields

South Korean Consortium Acquires 40% Stake in Abu Dhabi Oil Fields

Nov 22, 2012 at 17:01 | Joao Peixe

The Ministry of Knowledge Economy, part of the South Korean government, announced at the beginning of the week that a consortium of oil companies from the country had signed a…

DESERTEC in Trouble as Bosch, Siemens, and Spain Pull Out

DESERTEC in Trouble as Bosch, Siemens, and Spain Pull Out

Nov 21, 2012 at 17:15 | Joao Peixe

DESERTEC is a hugely ambitious plan to supply Europe with 15% of its energy requirements from renewable sources, mostly concentrated solar power plants, based in Northern Africa and connected to…

Brent Looks Set to Replace WTI as the International Benchmark for Oil

Brent Looks Set to Replace WTI as the International Benchmark for Oil

Nov 21, 2012 at 17:14 | Joao Peixe

For years WTI has been the global benchmark for oil, yet now it seems as though Brent will finally overtake it and become the hedge of choice for investors around…

Why Oil Markets Should Keep a Close Eye on the Syrian Conflict

Why Oil Markets Should Keep a Close Eye on the Syrian Conflict

Nov 21, 2012 at 17:13 | Joao Peixe

The various conflicts and standoffs littered across the Middle East are affecting global oil markets to varying degrees. Lately the deteriorating situation in the Gaza strip between Israel and Palestine…

Gulf of Mexico Platform Explosion Caused by Hot Work

Gulf of Mexico Platform Explosion Caused by Hot Work

Nov 21, 2012 at 17:12 | Charles Kennedy

Investigations continue into the explosion that occurred on the West Delta 32 platform in the Gulf of Mexico on Friday morning.Initial theories point to the possibility that a…

California's Shale Formation is Four Times as Large as the Bakken

California's Shale Formation is Four Times as Large as the Bakken

Nov 20, 2012 at 17:27 | Joao Peixe

Perhaps one of the more overlooked aspects of the International Energy Agency’s (IEA) recent World Energy Outlook 2012 and its detailed analysis of the US hydrocarbon potential, is the dilemma…

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