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Battery Storage Is the No. 1 Energy Investment Playground

Battery Storage Is the No. 1 Energy Investment Playground

Battery storage was the fastest-growing…

Aramco Leads Oil Industry Investment in AI

Aramco Leads Oil Industry Investment in AI

A report by GlobalData reveals…

News

Why Achieving Energy Independence will Change Nothing for the US

Why Achieving Energy Independence will Change Nothing for the US

Dec 12, 2012 at 16:50 | Joao Peixe

According to the IEA’s World Energy Outlook 2012, the US will become a net energy exporter by 2035, due to technological developments which have increased the extraction efficiency of both…

Iran's Stock Exchange Rally's Despite Contracting Economy

Iran's Stock Exchange Rally's Despite Contracting Economy

Dec 12, 2012 at 16:49 | James Burgess

Western sanctions have severely restricted certain important sectors in the Iranian economy, leading to a weak currency, high unemployment, and a double-digit inflation rate. Yet despite the contraction of the…

Tanker Rates Rise to Four Year High, as Demand for Naphtha Increases

Tanker Rates Rise to Four Year High, as Demand for Naphtha Increases

Dec 11, 2012 at 16:35 | Joao Peixe

Rising demand from Asia for naphtha, a product refined from crude oil and essential for the production of most types of plastic, along with a shortage in the number of…

India Signs Deal with Iran to Develop its Renewable Energy Sector

India Signs Deal with Iran to Develop its Renewable Energy Sector

Dec 11, 2012 at 16:34 | Joao Peixe

Yousef Armodeli, the chief of the Iranian Renewable Energy Organisation (SUNA) has announced that India have signed an agreement to invest in Iran’s renewable energy sector with the construction of…

Fresno, Cali. Announced as America's Dirtiest City

Fresno, Cali. Announced as America's Dirtiest City

Dec 11, 2012 at 16:33 | James Burgess

A study of US cities has named the Dirtiest City in America as Fresno, California. The Central Valley city can share its shame with other Californian neighbours such as Modesto,…

Is Mongolia's Resource Boom on the Brink of Collapse?

Is Mongolia's Resource Boom on the Brink of Collapse?

Dec 11, 2012 at 16:31 | Charles Kennedy

Mongolia was the world’s fastest growing economy last year, driven by foreign investment and rapid developments in its rich coal, copper and gold mining sectors. Now it looks like all…

Mervin King Warns of Global Currency Wars

Mervin King Warns of Global Currency Wars

Dec 11, 2012 at 16:29 | Editorial Dept

The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and…

The Cover Up: E-mails Show BP Lied to Authorities on The Deepwater Horizon Spill

The Cover Up: E-mails Show BP Lied to Authorities on The Deepwater Horizon Spill

Dec 10, 2012 at 16:55 | Charles Kennedy

BP has always claimed that it shared all information with the public and with the federal government about the extent of the Deepwater Horizon oil spill, and the rate of…

How the Koch Brothers Manipulate Climate Change Studies

How the Koch Brothers Manipulate Climate Change Studies

Dec 10, 2012 at 16:54 | Joao Peixe

The Koch brothers, Charles and David, are the billionaire owners of Koch Industries, and two of the most obstinate climate change deniers out there.It actually turns out that…

CNOOC Given Green Light for $15.1 Billion Takeover of Nexen Inc.

CNOOC Given Green Light for $15.1 Billion Takeover of Nexen Inc.

Dec 10, 2012 at 16:53 | Joao Peixe

After months of deliberation Canada’s Prime Minister, Stephen Harper, has approved CNOOC’s $15.1 billion takeover of Nexen Inc.The deal will be largest stake in a foreign company that…

Permian Oil Glut Sees Producers Lose Out on $1.2 Billion Profit

Permian Oil Glut Sees Producers Lose Out on $1.2 Billion Profit

Dec 10, 2012 at 16:52 | James Burgess

A huge increase in shale oil production from the Permian basin in Western Texas, coupled with a lack of pipelines in the area, has led to a bottleneck of crude…

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…

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