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News

Rosneft Finally Agree Deal to Buy TNK-BP for $54.8 Billion

Rosneft Finally Agree Deal to Buy TNK-BP for $54.8 Billion

Oct 22, 2012 at 17:32 | James Burgess

Its official, OAO Rosneft has agreed to buy TNK-BP for $54.8 billion, in what will be the third biggest oil acquisition ever. The deal will turn the Russian, state owned,…

South Korea Chosen as Host for the UN's New $100 Billion Green Climate Fund

South Korea Chosen as Host for the UN's New $100 Billion Green Climate Fund

Oct 22, 2012 at 17:31 | Joao Peixe

South Korea has beaten competition from Germany, Mexico, Namibia, Poland, and Switzerland, to be announced as the host for the UN’s new Green Climate Fund (GCF); the headquarters of which…

Gasoline Prices Set to Fall across the US

Gasoline Prices Set to Fall across the US

Oct 22, 2012 at 17:29 | Editorial Dept

From Reuters: Average U.S. retail gas prices drop 8 cents in two weeks: survey Gasoline prices averaged $3.7529 per gallon on October 19, down from $3.8375 on October…

Saudi Arabia's Ambitious Renewable Energy Plans

Saudi Arabia's Ambitious Renewable Energy Plans

Oct 19, 2012 at 16:54 | Joao Peixe

Prince Turki Al Faisal Al Saud, one of Saudi Arabia’s top spokesmen, has confirmed that Saudi Arabia has plans to generate 100% of its power from renewable sources, and low…

Explosion Sabotages Turkish Pipeline Carrying Natural Gas from Iran

Explosion Sabotages Turkish Pipeline Carrying Natural Gas from Iran

Oct 19, 2012 at 16:53 | Joao Peixe

Less than a week ago gas began to flow again through a Turkish pipeline carrying Iranian natural gas following an attack that had disrupted supplies. Now Turkish officials are once…

Rosneft to Dominate Russian Energy Industry if Offer for TNK-BP is Accepted

Rosneft to Dominate Russian Energy Industry if Offer for TNK-BP is Accepted

Oct 19, 2012 at 16:52 | James Burgess

According to Bloomberg, Rosneft is set to overtake Gazprom and become the largest oil and gas company in Russia if BP accepts its offer to buy their 50 percent stake…

US Wind Industry Installed Record Number of Wind Turbines in 2012

US Wind Industry Installed Record Number of Wind Turbines in 2012

Oct 19, 2012 at 16:51 | Charles Kennedy

The American Wind Energy Association (AWEA) was proud to announce that a record number of wind turbines have been installed in 2012, although how long that growth will continue depends…

Kuwait Oil Company Set Fire to Well to Control Leak of Poisonous Gas

Kuwait Oil Company Set Fire to Well to Control Leak of Poisonous Gas

Oct 18, 2012 at 17:27 | Joao Peixe

The Kuwaiti news agency KUNA has reported that the Kuwait Oil Company has set fire to one of its wells in the huge Rawdatin oil field to the north of…

Hopes are High as Drilling Set to Begin in Israel's Pelagic Natural Gas Fields

Hopes are High as Drilling Set to Begin in Israel's Pelagic Natural Gas Fields

Oct 18, 2012 at 17:26 | Joao Peixe

In recent times exploration companies have found large reserves of natural gas in the Eastern Mediterranean leading to many oil and gas companies racing to buy up offshore licenses in…

Building Wind Turbine Towers from Wood

Building Wind Turbine Towers from Wood

Oct 18, 2012 at 17:25 | Charles Kennedy

How could you make a renewable energy even more environmentally friendly?The German company, Timber Tower, believes it may have an answer. Create wind turbines from renewable materials, in…


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