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News

Chesapeake Delay the Grim Reaper with $6.9 Billion Asset Sale

Chesapeake Delay the Grim Reaper with $6.9 Billion Asset Sale

Sep 12, 2012 at 17:17 | Charles Kennedy

Chesapeake Energy has been struggling with massive debts all year, and has just completed the latest of a string of asset sales intended to raise money to cover the debt.

Global Carbon Trading System on the Verge of Collapse

Global Carbon Trading System on the Verge of Collapse

Sep 12, 2012 at 17:16 | James Burgess

The Clean Development Mechanism (CDM) is the only global carbon trading system which is designed to create funding to give poor countries access to new energy technologies; and it is…

Tesco Hope to Reduce Energy Consumption by 30% with Fully LED Store

Tesco Hope to Reduce Energy Consumption by 30% with Fully LED Store

Sep 12, 2012 at 17:15 | Joao Peixe

Tesco is set to open its first ever Express supermarket in which all light bulbs have been replaced with low energy LED lights. Tesco expect that using LED bulbs will…

Why Petroleum and Gasoline Usage have Fallen

Why Petroleum and Gasoline Usage have Fallen

Sep 12, 2012 at 17:14 | Editorial Dept

Another summer is gone. How much gasoline was used vs. the same months in prior years? These charts from Tim Wallace have the answer.Total Petroleum Usage

Masdar Looking to Invest in Solar Power in Saudi Arabia

Masdar Looking to Invest in Solar Power in Saudi Arabia

Sep 11, 2012 at 17:04 | Joao Peixe

Whilst top oil exporters from the Middle East are no rookies when it comes to investing in renewable energy projects, they very rarely develop installations in their own countries.

One Step Closer to Harvesting the Abundant Reserves of Methane Hydrates

One Step Closer to Harvesting the Abundant Reserves of Methane Hydrates

Sep 11, 2012 at 17:02 | James Burgess

The world of natural gas may be in for a big change; in fact the whole energy world could change.Methane hydrates are the most abundant source of fossil…

Israeli Prime Minister Says the US has No Right to Prevent a Strike Against Iran

Israeli Prime Minister Says the US has No Right to Prevent a Strike Against Iran

Sep 11, 2012 at 17:01 | Joao Peixe

Hillary Clinton recently stated that the US will not set any deadlines on its negotiations with Iran. This has led the Israeli Prime Minister, Benjamin Netanyahu, to reply with, “the…

Chevron Oil Refinery Fire: Air Monitoring Mistakes Delayed Public Warning

Chevron Oil Refinery Fire: Air Monitoring Mistakes Delayed Public Warning

Sep 11, 2012 at 17:00 | Charles Kennedy

Officials investigating the fire at Chevron’s California oil refinery last month, have stated that those in charge of monitoring the air quality, made mistakes which led to a failure of…

US Trade Deficit Increased to $42 Billion in July

US Trade Deficit Increased to $42 Billion in July

Sep 11, 2012 at 16:59 | Editorial Dept

The Department of Commerce reported: [T]otal July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion…

BP Sell Gulf of Mexico Oil Fields for $5.55 Billion

BP Sell Gulf of Mexico Oil Fields for $5.55 Billion

Sep 10, 2012 at 17:38 | James Burgess

Following the Macondo Well oil spill in 2010 BP set itself the target of raising $38 billion in cash through divestitures before the end of 2013, they have just announced…

Afghanistan's Natural Resources Could Spark Civil War

Afghanistan's Natural Resources Could Spark Civil War

Sep 10, 2012 at 17:37 | Joao Peixe

It is estimated that Afghanistan contains reserves of natural resources, such as oil, gold, iron ore, copper, lithium, etc., which could be worth trillions of dollars, and offers hope for…

Shell Have Begun Preparatory Drilling in the Chukchi Sea

Shell Have Begun Preparatory Drilling in the Chukchi Sea

Sep 10, 2012 at 17:36 | Joao Peixe

Shell released a statement to announce that at the end of August it started preparatory drilling in the Chukchi Sea, about 90 miles off the Alaskan North Slope.“Today…

Wind Energy Could Meet Global Power Demand 100 Times Over

Wind Energy Could Meet Global Power Demand 100 Times Over

Sep 10, 2012 at 17:35 | James Burgess

A new study by the Carnegie Institute and the Lawrence Livermore National Laboratory has discovered that wind power could easily meet the entire planets energy needs.They study determined…

A Look at the World's Most Energy Efficient Building

A Look at the World's Most Energy Efficient Building

Sep 07, 2012 at 17:03 | Joao Peixe

Kungsbrohuset, in Stockholm, is one of the greenest buildings in the world, and recently sold to a Swedish insurance company for €200 million.It was built by Jernhusen who…

Mining Companies Turn to Renewable Energy for Growing Power Demands

Mining Companies Turn to Renewable Energy for Growing Power Demands

Sep 07, 2012 at 17:01 | Charles Kennedy

There is a growing trend amongst mining companies to develop renewable energy installations to supply their electricity needs.Using Solar, wind, and other renewable energy sources offers several benefits…

Italy's Solar Capacity has Outgrown its Wind Sector

Italy's Solar Capacity has Outgrown its Wind Sector

Sep 07, 2012 at 16:59 | James Burgess

Italy has really pursued solar energy with a passion befitting of the Mediterranean country, and can now boast a level of installed capacity per capita that is five times higher…

How the New EU Plan will Affect its Member States

How the New EU Plan will Affect its Member States

Sep 07, 2012 at 16:58 | Editorial Dept

I won’t recapitulate my core views on the euro crisis (see this talk), but here are a few points:1. The aggregate numbers are workable, but the eurozone…

Qatar May Block Huge Merger between Natural Resource Giants

Qatar May Block Huge Merger between Natural Resource Giants

Sep 06, 2012 at 17:24 | Charles Kennedy

This Friday the shareholders of Xstrata, one of the largest copper and coal mining companies in the world, will vote on a merger offer that has been submitted by Glencore…

Shell, Chevron, and Marathon Oil to Build CCS Project at Oil Sands Site

Shell, Chevron, and Marathon Oil to Build CCS Project at Oil Sands Site

Sep 06, 2012 at 17:23 | James Burgess

The Canadian oil sands receive a lot of criticism due to the fact that they are far more polluting than other sources of oil. The very dense hydrocarbons of the…

EC Investigation into Chinese Solar Exports Risks Trade War

EC Investigation into Chinese Solar Exports Risks Trade War

Sep 06, 2012 at 17:22 | Charles Kennedy

In July - twenty of the leading solar manufacturers in the EU filed a complaint with the European Commission that China was selling its solar panels in the EU market…

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