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What Would the Re-Election of Trump Mean for U.S. Energy?

What Would the Re-Election of Trump Mean for U.S. Energy?

A potential Trump re-election could…

A Critical Election Looms for Venezuela

A Critical Election Looms for Venezuela

The outcome of the presidential…

News

Cardboard Bike to Provide Cheap Transport to Millions

Cardboard Bike to Provide Cheap Transport to Millions

Dec 18, 2012 at 16:41 | Joao Peixe

Izhar Gafni, an Israeli engineer had a dream to create a vehicle that could provide cheap, fuel efficient transport to millions of people around the world. His search led him…

The US to Test its First Ever Floating Wind Turbine

The US to Test its First Ever Floating Wind Turbine

Dec 17, 2012 at 16:59 | Joao Peixe

In the quest to harness the vast wind energy potential off the coast of Maine the first ever floating wind turbine in the USA is being tested by engineers at…

Iran Announces More Naval Exercises in the Straits of Hormuz

Iran Announces More Naval Exercises in the Straits of Hormuz

Dec 17, 2012 at 16:57 | James Burgess

Earlier in the year the Commander of the Iranian Army’s Ground Forces, Brigadier General Ahmad Reza Pourdastan, stated that they would carry out eight military drills throughout the course of…

Chevron Pays Utah $$1.8 Million in Settlement over Fraud Case

Chevron Pays Utah $$1.8 Million in Settlement over Fraud Case

Dec 17, 2012 at 16:56 | Joao Peixe

Back in 1989, legislature was passed in the state of Utah which created the Petroleum Storage Tank Fund. The idea was that small gas station owners would pay into the…

Turkish and Cypriot Relations Sour Due to New Gas Field

Turkish and Cypriot Relations Sour Due to New Gas Field

Dec 17, 2012 at 16:54 | Charles Kennedy

The Aphrodite natural gas field was discovered last year in deep waters just of the southwest coast of Cyprus, about 20 miles west of the Leviathan field discovered in Israeli…

Is Oil Still Leaking from the Macondo Well? BP Won’t Release Any Information

Is Oil Still Leaking from the Macondo Well? BP Won’t Release Any Information

Dec 14, 2012 at 16:17 | James Burgess

Back in 2010, an explosion at the deepwater horizon oil rig killed 11 workers and resulted in around 206 million gallons of crude oil leaking into the Gulf of Mexico…

Investors Avoid CNOOC After $15.1 Billion Takeover of Nexen

Investors Avoid CNOOC After $15.1 Billion Takeover of Nexen

Dec 14, 2012 at 16:16 | Charles Kennedy

CNOOC’S $15.1 billion takeover of Nexen Inc. (NYSE:NXY) the largest foreign acquisition made by any Chinese firm in history, has caused its share prices to fall and investors to back…

Pemex Sue Siemens over Charges of Bribery

Pemex Sue Siemens over Charges of Bribery

Dec 14, 2012 at 16:15 | James Burgess

Pemex, the state-owned Mexican oil company, has sued Siemens SG (NYSE:SI) and the South Korean Engineering & Construction Co. Ltd. for $500 million over claims of racketeering violations.Allegations…

Businesses Asked to Phase out Diesel Vehicles due to Health Fears in London

Businesses Asked to Phase out Diesel Vehicles due to Health Fears in London

Dec 14, 2012 at 16:14 | Joao Peixe

A new report from the London Assembly’s Health and Environment Committee shows the health impacts of pollution within the city. Pollution, mainly produced by diesel vehicles, has been linked to…

America's Denial Damages Climate Change Efforts

America's Denial Damages Climate Change Efforts

Dec 14, 2012 at 16:13 | Editorial Dept

Given safe haven from the impact of climate change by their privilege and wealth, the decision-making elite of the US has no intention of making the sacrifices that could lessen…

Final Turbine Now Installed at World's Largest Offshore Wind Farm

Final Turbine Now Installed at World's Largest Offshore Wind Farm

Dec 14, 2012 at 15:13 | Joao Peixe

The London Array Offshore Wind Farm, the world’s largest offshore wind farm, has entered the final stages of its installation with the construction of the 125th, and final, turbine.

BP Invited to Bid on UAE Oil Concession

BP Invited to Bid on UAE Oil Concession

Dec 13, 2012 at 16:44 | Charles Kennedy

BP, who owns a 9.5 percent stake in the Abu Dhabi National Oil Company (ADCO) concession which is set to be renewed in 2014, was surprisingly left out of the…

Dash for Gas could Add £600 to UK Energy Bills

Dash for Gas could Add £600 to UK Energy Bills

Dec 13, 2012 at 16:44 | James Burgess

A week ago Chancellor George Osborne announced new tax breaks for shale gas and plans to develop as much as 37GW of new capacity.The Committee on Climate Change…

DuPont Begin Construction on Giant Cellulosic Biorefinery

DuPont Begin Construction on Giant Cellulosic Biorefinery

Dec 13, 2012 at 16:43 | Joao Peixe

DuPont, the giant chemical company, has begun construction on what will become the first and largest cellulosic ethanol biorefinery in the world.The $200 million facility will be constructed…

UK Regulators Approve EDF Energy's New Nuclear Reactor Designs

UK Regulators Approve EDF Energy's New Nuclear Reactor Designs

Dec 13, 2012 at 16:42 | Joao Peixe

The UK Office for Nuclear Regulation and the Environment Agency have just approved the designs for a new type of nuclear reactor which has been designed by the French engineering…

Shareholders Jump Ship as Gazprom Pays for Putin's Political Priorities

Shareholders Jump Ship as Gazprom Pays for Putin's Political Priorities

Dec 12, 2012 at 16:52 | Charles Kennedy

Bloomberg has estimated that Gazprom (OGZPY) will beat Exxon Mobil (NYSE:XOM) this year to become the most profitable energy company in the world; earning $37.9 billion. Yet despite this remarkable…

Norway Begin Testing Thorium in Nuclear Reactors

Norway Begin Testing Thorium in Nuclear Reactors

Dec 12, 2012 at 16:51 | Joao Peixe

Norway is the biggest oil producer in Europe, and the 13th largest producer in the world, yet this fact does not stop it from pursing an alternative source of energy…

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…

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