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News

EU Looks to Introduce Regulations in Order to Control UK's Fracking Plans

EU Looks to Introduce Regulations in Order to Control UK's Fracking Plans

Dec 10, 2012 at 16:51 | Charles Kennedy

Last week the Chancellor of the Exchequer George Osborne announced that the UK government would off tax breaks to fracking firms and set up a new regulator just for the…

Chevron Announces $36.7 Billion Capital Expenditure Budget for 2013

Chevron Announces $36.7 Billion Capital Expenditure Budget for 2013

Dec 07, 2012 at 16:49 | Charles Kennedy

Chevron Corp. (NYSE:CVX) announced yesterday that it has set an energy exploration and investment budget of $36.7 billion for 2013; about 12% more than this year’s budget.About 90%…

Capital Expenditure in the Eagle Ford Estimated to Reach $28 Billion in 2013

Capital Expenditure in the Eagle Ford Estimated to Reach $28 Billion in 2013

Dec 07, 2012 at 16:48 | Joao Peixe

A new analytical study by Wood Mackenzie has predicted that capital expenditure in the Eagle Ford shale formation in 2013 will reach $28 billion. That will be equal to a…

One Step Closer to Solar Cell Fabrics

One Step Closer to Solar Cell Fabrics

Dec 07, 2012 at 16:47 | Joao Peixe

The military is very interested in developing solar cells that can be created from flexible materials and therefore be woven into uniforms to provide individual soldiers with power stations for…

UK Pledges £113 million to Renewable Energy Projects in Africa

UK Pledges £113 million to Renewable Energy Projects in Africa

Dec 07, 2012 at 16:46 | Charles Kennedy

Upon his arrival in Doha for the UN climate talks the UK Energy Secretary Ed Davey said that, “climate change is a global threat and with every passing year, the…

Gazprom to Start Building South Stream Pipeline, EU Disagrees

Gazprom to Start Building South Stream Pipeline, EU Disagrees

Dec 07, 2012 at 16:45 | Eurasianet

Russia's Gazprom says construction will begin this week on the underwater section of its South Stream pipeline, which will carry natural gas beneath the Black Sea and into the European…

Scientists Find Mega-Oil Field ... 1,300 Light Years Away

Scientists Find Mega-Oil Field ... 1,300 Light Years Away

Dec 06, 2012 at 16:37 | James Burgess

Have our wishes been answered? Scientists have found an oil field which contains 200 times more hydrocarbons than there is water on the whole of the Earth.Time to…

Solar Plane to Attempt Non-Stop Flight Around the World in 2015

Solar Plane to Attempt Non-Stop Flight Around the World in 2015

Dec 06, 2012 at 16:35 | James Burgess

In 1999 Bertrand Piccard became the first person to travel around the world nonstop in a balloon. The trip used a huge quantity of fuel and resources and left Piccard…

Tensions Escalate in Iraq as Kurdistan Moves more Tanks to Protect its Borders

Tensions Escalate in Iraq as Kurdistan Moves more Tanks to Protect its Borders

Dec 06, 2012 at 16:34 | Joao Peixe

Tensions seem to be escalating between Baghdad and Irbil, as Kurdistan rolls out its Soviet-built tanks and positions them along its undefined southern border, all aimed at the unseen Iraqi…

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…

Multi Source Energy Generation Chip to Replace Batteries?

Multi Source Energy Generation Chip to Replace Batteries?

Dec 04, 2012 at 16:04 | Joao Peixe

Scientists at the Massachusetts Institute of Technology (MIT) have developed a new chip that has the exciting possibility of generating energy from three separate sources; solar, heat, and motion, all…

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