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News

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Jan 30, 2012 at 17:24 | James Burgess

The escalating problems with Iran threatening to disrupt world oil supply, an event that could prove decidedly deadly to the many economies trying to recover from recent recessions. Current economies…

Siemens Secures First Wind Turbine Order in Africa

Siemens Secures First Wind Turbine Order in Africa

Jan 30, 2012 at 17:09 | James Burgess

As part of its globalisation strategy Siemens Energy has announced that it will establish three regional Wind Power Business Units for EMEA (Europe, Middle East and Africa), The Americas and…

Natural Gas Market Forecast for the Week of January 30, 2012

Natural Gas Market Forecast for the Week of January 30, 2012

Jan 29, 2012 at 19:49 | FX Empire

March Natural Gas formed a dramatic closing price reversal bottom last week, setting up the market for a 2 to 3 week rally equal to at least 50 percent of…

Iran to take Action Against the West by Banning Oil Exports to the EU?

Iran to take Action Against the West by Banning Oil Exports to the EU?

Jan 27, 2012 at 17:51 | James Burgess

Following the recent agreement by the EU to impose trade sanctions against Iran the Iranian parliament will debate a law that could halt all oil exports to the continent. "On…

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Jan 27, 2012 at 17:48 | James Burgess

It seems that more and more large, renewable energy projects are being announced each day. The most recent is a giant solar power plant that will be built by Top…

Fed Says Market Rally is BS

Fed Says Market Rally is BS

Jan 27, 2012 at 09:12 | Mad Hedge Fund Trader

Well, they didn’t really say that, but they could have, and perhaps should have, and the bond market wholeheartedly agrees with them. That is my takeaway from the Fed minutes…

Will New Technology Cause China's Grip on the Rare Earth Industry to Slip?

Will New Technology Cause China's Grip on the Rare Earth Industry to Slip?

Jan 27, 2012 at 07:59 | James Burgess

After 20 years of careful planning China put itself in a position to be the “OPEC of rare earth metals”, they have such control of the market that commentators have…

Despite the Current Oil & Gas Boom, the Obama Administration Deserves No Credit

Despite the Current Oil & Gas Boom, the Obama Administration Deserves No Credit

Jan 26, 2012 at 16:09 | Mark J. Perry

“The one person who deserves no credit for this [oil and gas] boom is Barack Obama.  In fact, this Administration has bent over backwards to make oil and gas production…

Greek Default: Will it Save or Doom the EU?

Greek Default: Will it Save or Doom the EU?

Jan 26, 2012 at 13:56 | Editorial Dept

Greece has long been in economic trouble and threatens the structure of the EU. That something needs to be done to address this situation is in no doubt. The Greek…

Texas Firm Strikes Natural Gas in Mozambique

Texas Firm Strikes Natural Gas in Mozambique

Jan 25, 2012 at 16:22 | John Daly

Sometimes it seems that the only thing that you have to do to find hydrocarbons in Africa is poke a stick in the ground – or offshore waters. On…

Chinese Refinery in Chad Hits a Major Snag

Chinese Refinery in Chad Hits a Major Snag

Jan 24, 2012 at 16:35 | John Daly

When Chad’s $60 million Djarmaya refinery, 25 miles north of the capital N’djamena, was opened on 29 June 2011 after two years of construction, President Idriss Deby Itno described it…

Cheaper, Safer, Smaller Nuclear Reactors will Put the US Back on Top

Cheaper, Safer, Smaller Nuclear Reactors will Put the US Back on Top

Jan 24, 2012 at 16:31 | Energy Digital

Moving away from large-scale, toxic nuclear reactors, the Department of Energy announces a plan to develop safer, smaller options Mini reactors the future of nuclear power? The US Department of…

Petrobras Design New GTL Process to Create Cheap Oil from Natural Gas

Petrobras Design New GTL Process to Create Cheap Oil from Natural Gas

Jan 23, 2012 at 17:28 | Brian Westenhaus

U.S. innovation, technology and willingness to share it, has created an abundance of natural gas for the U. S. and will impact the rest of the world in the coming…

New Heat Engine Could Make Geothermal Power Accessible to the World

New Heat Engine Could Make Geothermal Power Accessible to the World

Jan 23, 2012 at 17:22 | Tyler Hamilton

The Geological Survey of Canada put out a research paper in 2010 that concluded the country has enough geothermal heat to power itself many times over. The big question is…

Solar Yacht Sails Around the World Powered by Nothing More than the Sun

Solar Yacht Sails Around the World Powered by Nothing More than the Sun

Jan 20, 2012 at 15:51 | James Burgess

The World Future Energy Summit has recently finished in Abu Dhabi and for me one of the highlights was the Turanor, an impressive solar powered yacht designed and built by…

ExxonMobil Increase Oil Spill Estimate in Light of More Detailed Analysis

ExxonMobil Increase Oil Spill Estimate in Light of More Detailed Analysis

Jan 20, 2012 at 15:48 | Joao Peixe

ExxonMobil recently released an update to the estimated amount of oil spilled into the Yellowstone River when the Silvertip Pipeline ruptured during the summer. Initially the put the spill at…

Nigerian President to Reduce Fuel Prices, Just Days After Abandoning Subsidies

Nigerian President to Reduce Fuel Prices, Just Days After Abandoning Subsidies

Jan 19, 2012 at 17:46 | James Burgess

After a week of mass strikes and riots Nigerian president Goodluck Jonathan has finally bowed to public pressure with his decision to reduce fuel prices. In response the unions have…

Scotland Well on the Way to Achieving 100% Renewable Energy by 2020

Scotland Well on the Way to Achieving 100% Renewable Energy by 2020

Jan 19, 2012 at 13:28 | James Burgess

Back in 2010 Scotland’s First Minister, Alex Salmon, proclaimed that by 2025 all of Scotland would be powered by 100% renewable energy, with an interim target of 31% by 2011.…

Is Abu Dhabi Losing Interest in Renewable Energy?

Is Abu Dhabi Losing Interest in Renewable Energy?

Jan 18, 2012 at 17:33 | James Burgess

Abu Dhabi is the fifth-largest oil producer in the Organization of Petroleum Exporting Countries, and the largest and richest Emirate in the UAE, holding almost all of the country’s oil…

Bulgaria Bans Fracking Following Public Protests

Bulgaria Bans Fracking Following Public Protests

Jan 18, 2012 at 15:23 | James Burgess

Bulgaria has just recently joined Brazil and Nigeria as countries in which oil giant Chevron are experiencing problems. I say this following the announcement that the US oil company has…

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