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News

BP Announces that Venezuela Now Have the Largest Oil Reserves in the World

BP Announces that Venezuela Now Have the Largest Oil Reserves in the World

Jun 14, 2012 at 17:31 | Charles Kennedy

BP has just released its annual Statistical Review of World Energy in which it claims that Venezuela now holds the largest proven oil reserves in the world, overtaking the…

Offshore Wind Power Could Make the UK a Net Energy Exporter

Offshore Wind Power Could Make the UK a Net Energy Exporter

Jun 14, 2012 at 17:29 | Charles Kennedy

The Centre for Economics and Business Research (CEBR) has created a report commissioned by Mainstream Renewable Power, which examines the economic impact of the emerging offshore wind industry in the…

More Proof Diesel Exhaust Fumes do Cause Cancer

More Proof Diesel Exhaust Fumes do Cause Cancer

Jun 14, 2012 at 17:28 | Charles Kennedy

The International Agency for Research on Cancer (IARC) has confirmed that fumes from dirty diesel engines causes cancer. The new report adds to a mountain of studies, reports, and data…

Afghan Warlord Threatens Chinese Oil Explorers

Afghan Warlord Threatens Chinese Oil Explorers

Jun 13, 2012 at 16:30 | Joao Peixe

Late last year the China National Petroleum Corp (CNPC) signed a deal with Afghanistan to explore and develop oil blocks in the Amu Darya basin in the north. The deal…

IEA Calling for an Extra $36 Trillion to be Invested in Clean Energy

IEA Calling for an Extra $36 Trillion to be Invested in Clean Energy

Jun 13, 2012 at 16:29 | Joao Peixe

In a new 700 page report by the International Energy Agency, Executive Director Maria van deer Hoeven has stated that governments and private investors must work much harder if they…

Seadrill Set for Record Profits as Gamble on Drill Ships Pays Off

Seadrill Set for Record Profits as Gamble on Drill Ships Pays Off

Jun 13, 2012 at 16:28 | Charles Kennedy

Seadrill Ltd is set to reap record profits after ordering more drill ships based on billionaire owner John Fredriksen’s belief that ever greater demand for crude oil will cause an…

Oil Prices Fall to 8 Month Low as Spanish Bailout Fails to Ease EU Debt Crisis

Oil Prices Fall to 8 Month Low as Spanish Bailout Fails to Ease EU Debt Crisis

Jun 12, 2012 at 16:59 | James Burgess

Following in the footsteps of Greece, Portugal, and Ireland, Spain has now become the fourth nation to approach the European Union and request a bailout, since the debt crisis began…

Japan Sign Long-Term LNG Supply Contract with Qatar

Japan Sign Long-Term LNG Supply Contract with Qatar

Jun 12, 2012 at 16:53 | Charles Kennedy

Japan has been one of the largest importers of LNG for quite some time, and has had a good relationship with Qatari natural gas producers for over 40 years.

5 of the World's Largest Firms to Collaborate on Bioplastic Development

5 of the World's Largest Firms to Collaborate on Bioplastic Development

Jun 12, 2012 at 16:52 | James Burgess

Polyethylene Terephthalate (PET) is one of the most commonly used plastics in the world. It is usually derived from oil, and degrades very slowly, creating huge amounts of non-biodegradable waste…

Latin America and the Caribbean Lack Private Investment in Renewables

Latin America and the Caribbean Lack Private Investment in Renewables

Jun 11, 2012 at 16:45 | Charles Kennedy

Free market mechanisms are failing to attract the private capital needed to develop clean energy projects in Latin America and the Caribbean.According to Bloomberg New Energy Finance and…

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