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News

Greek Deputy Environment Minister - Greece Will Exploit its Oil

Greek Deputy Environment Minister - Greece Will Exploit its Oil

Jan 16, 2012 at 16:20 | Charles Kennedy

In a situation certain to raise tensions with neighboring Turkey, Greece has announced its intention to proceed with the development of its undersea hydrocarbon resources in the Eastern Mediterranean. 

Jordan Optimistic Qatari Nat Gas Will Help Replace Egyptian Delivery Shortages

Jordan Optimistic Qatari Nat Gas Will Help Replace Egyptian Delivery Shortages

Jan 16, 2012 at 16:19 | Charles Kennedy

Since the triumph of the Egyptian revolution in February 2011 Jordan’s natural gas imports have suffered “collateral damage,” as Egyptian militants repeatedly bombed Egypt's $500 million East Mediterranean Gas Company…

Romania's Murky Natural Gas Market

Romania's Murky Natural Gas Market

Jan 16, 2012 at 16:17 | Joao Peixe

Dan Victor Alesandru, former Secretary of State in the Ministry of Economy in the first Tariceanu government (December 2004 - December 2008), is under investigation by the Directia de Investigare…

South Sudan Warns Khartoum Against Impeding Oil Exports

South Sudan Warns Khartoum Against Impeding Oil Exports

Jan 16, 2012 at 16:16 | Joao Peixe

South Sudan’s government has warned the Sudanese government against continuing to delay the export of its petroleum through its northern ports by preventing ships carrying crude from transporting South Sudan's…

Maldives Buying Land in Australia as Preparation for Mass Migration

Maldives Buying Land in Australia as Preparation for Mass Migration

Jan 10, 2012 at 16:43 | James Burgess

The Maldives Archipelago is one of the most idyllic destinations on the planet; beautiful tropical islands in the Indian Ocean surrounded by coral reefs abundant with sea life. It is…

Why Investors Should be Looking to Platinum in 2012

Why Investors Should be Looking to Platinum in 2012

Jan 02, 2012 at 14:06 | Stockhouse

Gold has always been viewed as one of the safest investments. It is less susceptible to politics and economic change than currency, and rarely looses value. However there is another…

Are Silver Prices Set to Soar?

Are Silver Prices Set to Soar?

Dec 05, 2011 at 17:17 | Stockhouse

Silver, one of the most volatile assets in the world, has just started to climb off the back of its worst readings in four years as the traders and hedge…

How Biomass Can Provide 25% of Global Energy without Affecting Food Production

How Biomass Can Provide 25% of Global Energy without Affecting Food Production

Nov 26, 2011 at 10:48 | James Burgess

It is perfectly understood that no one renewable energy source will replace our dependence on fossil fuels. It will take an energy system mix where we rely on the combined…

Battle to be the World’s No.1 Oil Producer Heating Up

Battle to be the World’s No.1 Oil Producer Heating Up

Nov 10, 2011 at 17:27 | James Burgess

The constant battle that takes place between Russia and Saudi Arabia to be the world’s largest oil producer and exporter seems to be leading towards yet another change at the…

Are Wood Based Biofuels a Suitable Alternative to Fossil Fuels?

Are Wood Based Biofuels a Suitable Alternative to Fossil Fuels?

Nov 09, 2011 at 15:53 | James Burgess

Wood based bio fuel is considered far more sustainable than the traditional corn equivalent yet it is not widely produced in Canada or the United States due to the high…

Crude Oil Update for November 9, 2011

Crude Oil Update for November 9, 2011

Nov 09, 2011 at 11:09 | James Burgess

Crude oil futures have today fallen by 0.14% to 96.66USD per barrel, easing off the three-month high experienced earlier this week. Surging Italian bond yields highlighted a continuing investor unease,…

New Solar Plant Lights the Way to a Brighter Future

New Solar Plant Lights the Way to a Brighter Future

Nov 07, 2011 at 17:54 | James Burgess

Gemasolar, the world’s first solar energy power plant capable of producing energy 24 hours a day, has been installed this month in the Seville region of Spain by Torresol Energy.…

Is Beacon Power About to Follow Solyndra into Redundancy

Is Beacon Power About to Follow Solyndra into Redundancy

Oct 31, 2011 at 17:05 | Benzinga

According to the Boston Business Journal, Beacon Power (NASDAQ: BCON) may be about to go the same way as Solyndra despite receiving government funding. This represents another government-backed alternative energy…

Construction Begins in Pakistan on the World’s Highest Dam

Construction Begins in Pakistan on the World’s Highest Dam

Oct 22, 2011 at 09:19 | Charles Kennedy

Pakistani Prime Minister Syed Yusuf Raza Gilani has inaugurated construction of the country’s Diamer-Bhasha dam, the world’s highest, calling it the “lifeline” of Pakistan. The $12 billion facility is located…

Korea, France to Hold Seminar on Nuclear Power Promotion

Korea, France to Hold Seminar on Nuclear Power Promotion

Oct 22, 2011 at 09:18 | Joao Peixe

Seeking to quell legislators’ unease about nuclear power in the wake of Japan’s 11 March Fukushima nuclear catastrophe, on 21 October the Korea Nuclear Energy Promotion Agency will co-host with…

Iran to Ship Natural Gas to China Across Pakistan

Iran to Ship Natural Gas to China Across Pakistan

Oct 22, 2011 at 09:17 | Joao Peixe

Senior Iranian Oil Ministry officials have announced that they have reached agreement with the Pakistani government about shipping Iranian natural gas across Pakistan via pipelines to China. National Iranian Gas…

Iraqi Oil Ministry Signs Natural Gas Contract with South Korea's KOGAS

Iraqi Oil Ministry Signs Natural Gas Contract with South Korea's KOGAS

Oct 22, 2011 at 09:15 | Charles Kennedy

After nearly a year of protracted negotiations, the Iraqi Oil Ministry has concluded a contract with South Korea’s KOGAS company for the Akkas natural gas field in Anbar province. On…

Nigerian Activists Plan Worldwide Protest Over Electricity Shortages

Nigerian Activists Plan Worldwide Protest Over Electricity Shortages

Oct 22, 2011 at 09:14 | Charles Kennedy

The Nigerian Million March Project has announced its intention to organize peaceful marches in major cities around the world to call attention to the Nigerian government's failure to provide sufficient…

Mexico’s Pemex to Drill for Oil in Deep Waters of Gulf of Mexico

Mexico’s Pemex to Drill for Oil in Deep Waters of Gulf of Mexico

Oct 20, 2011 at 18:54 | Charles Kennedy

Mexico’s state owned Petroleos Mexicanos, also known as Pemex, intends to explore deep waters exploration in the Gulf of Mexico  In February 2012 Petroleos Mexicanos will begin drilling…

Ethiopian Court Sequesters Chinese Sinohydro Corp. Funds

Ethiopian Court Sequesters Chinese Sinohydro Corp. Funds

Oct 20, 2011 at 18:52 | Joao Peixe

Libya Oil Ethiopia Ltd., claiming unpaid money for fuel provided, has won a judgment from Ethiopia’s Federal High Court Eight Civil Bench to freeze $134,000 of China’s Sinohydro Corp. assets…

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