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This Supermajor Is About To Slash Permian Oil Production

This Supermajor Is About To Slash Permian Oil Production

Chevron is slashing capital expenditures,…

Gasoline Futures Fall To $0.50 As Demand Plummets

Gasoline Futures Fall To $0.50 As Demand Plummets

Gasoline futures have plummeted to…

News

Iraq Could Become the Second Largest Oil Producer in the World by 2035

Iraq Could Become the Second Largest Oil Producer in the World by 2035

Oct 09, 2012 at 17:17 | James Burgess

The International Energy Agency (IEA) has completed a major new study which has deducted that within two decades Iraq could overtake Russia to become the world’s second largest oil exporter,…

Terra Firma to Set Up a $5 Billion Renewable Energy Investment Fund

Terra Firma to Set Up a $5 Billion Renewable Energy Investment Fund

Oct 09, 2012 at 17:16 | Joao Peixe

The private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start “raising between $3 and $5…

MENA Plans to Invest $740 Billion on Energy Projects Over the Next 5 Years

MENA Plans to Invest $740 Billion on Energy Projects Over the Next 5 Years

Oct 09, 2012 at 17:15 | Charles Kennedy

According to a recent report by the Arab Petroleum Investments Corp. (Apicorp), Oil producing countries in the Middle East and North Africa (MENA) plan to spend a combined $740 billion…

The End of the Petrodollar?

The End of the Petrodollar?

Oct 09, 2012 at 17:13 | Editorial Dept

Say you’re an up-and-coming superpower wannabe with dreams of dominating your neighbours and intimidating everyone else. Your ambition is understandable; rising nations always join the “great game”, both for their…

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

Oct 08, 2012 at 17:20 | James Burgess

In a new report, Ofgem, the UK energy regulator, has warned that in as little as three years time the nation could start experiencing black outs and higher energy bills…

Chavez Celebrates Another Comfortable Election Victory

Chavez Celebrates Another Comfortable Election Victory

Oct 08, 2012 at 17:19 | James Burgess

Hugo Chavez, the president of Venezuela, has just celebrated another comfortable election victory which will cement his status as one of the dominant figures in modern Latin American history.

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

Oct 08, 2012 at 17:17 | Joao Peixe

In his latest speech, which he gave to his party in a conference on Monday, George Osborne, the Chancellor of the Exchequer, gave hope to the UK shale gas industry.

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Oct 08, 2012 at 17:16 | Charles Kennedy

Saudi Arabian Oil Company (Saudi Aramco) has chartered another four very large crude tankers to carry oil to the Gulf of Mexico in October. So far this year the oil…

Romney's False Claims about Obama's Green-Tech Spending

Romney's False Claims about Obama's Green-Tech Spending

Oct 05, 2012 at 17:23 | Charles Kennedy

In the closing minutes of the presidential debate, Mitt Romney told Obama, “you put $90 billion into — into green jobs. And I — look, I’m all in favor of…

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Oct 05, 2012 at 17:22 | James Burgess

Following the earthquake and tsunamis that hit the Fukushima Daiichi nuclear power plant last year, Japan’s entire fleet of 50 nuclear power plants were shut down.Two reactors were…


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