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News

BP Start Drilling in Jordan's Risha Natural Gas Field

BP Start Drilling in Jordan's Risha Natural Gas Field

Jun 19, 2012 at 17:00 | Joao Peixe

In 2009 BP was given up to four years to explore and evaluate the Risha natural gas field in eastern Jordan, near the border with Iraq, which covers an area…

More Trust is Needed in the Government for Economic Stimulus to Work

More Trust is Needed in the Government for Economic Stimulus to Work

Jun 19, 2012 at 16:58 | Editorial Dept

From my latest NYT column, here is one excerpt:During the financial crisis, the prices of stocks, homes and other assets all fell, leaving the American public feeling less…

Shale Gas Boom will Create 2.4 Million Jobs by 2035

Shale Gas Boom will Create 2.4 Million Jobs by 2035

Jun 18, 2012 at 19:03 | Charles Kennedy

The research and analysis firm IHS Global Insight has released a new study looking into the unconventional gas sector, and predicts that the shale gas boom will create nearly 1.5…

Jury Give Verdict in Case of Baldwin v Costner

Jury Give Verdict in Case of Baldwin v Costner

Jun 18, 2012 at 19:02 | Joao Peixe

Two weeks ago I wrote a short piece on the court case between two of Hollywood’s actors; Kevin Costner and Stephen Baldwin. This week we have the verdict.

Exxon Signs Deal to Help Rosneft Develop Huge Bazhenov Shale Play in Siberia

Exxon Signs Deal to Help Rosneft Develop Huge Bazhenov Shale Play in Siberia

Jun 15, 2012 at 17:11 | Charles Kennedy

Vladimir Putin’s power in Russia is underpinned by oil boom that he has overseen. Unluckily for him the oil boom has passed and reserves are declining, threatening the production capacity…

Japan will Provide Insurance to Iranian Tankers when EU Sanctions Take Effect

Japan will Provide Insurance to Iranian Tankers when EU Sanctions Take Effect

Jun 15, 2012 at 17:09 | James Burgess

Part of EU sanctions intended to restrict Iranian oil import revenues in an attempt to exert economic pressure on the country over its controversial nuclear development program will see Iranian…

Shell to Invest $300 Million on LNG Refuelling Station Network

Shell to Invest $300 Million on LNG Refuelling Station Network

Jun 15, 2012 at 17:01 | Joao Peixe

In an attempt to entice owners of trucking fleets to invest in trucks that run on super chilled natural gas the oil major Royal Dutch Shell is set to invest…

The Importance of Seagrass in Removing Carbon from the Atmosphere

The Importance of Seagrass in Removing Carbon from the Atmosphere

Jun 15, 2012 at 16:59 | James Burgess

Humanity is currently in the middle of a war with an invisible enemy, CO2; and unfortunately CO2 is winning. According to the International Energy Agency (IEA) CO2 emissions hit a…

New iPhone App Rewards Travelling by Bicycle or Foot

New iPhone App Rewards Travelling by Bicycle or Foot

Jun 15, 2012 at 16:55 | Joao Peixe

Without doubt, one of the most popular pieces of personal technology in the world today is the iPod or iPhone. Apps for apple products have become big business and can…

US Navy Develops Underwater Solar Cells

US Navy Develops Underwater Solar Cells

Jun 14, 2012 at 17:32 | Joao Peixe

Underwater autonomous systems which provide situational awareness and long-term environment monitoring are becoming increasingly more popular. In order to power these systems cables must be laid to supply power created…

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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