The risk of mortgage default is one-third lower for people with energy efficient homes, according to a recent study. Energy efficient homes can save up to $250 per month, Alic writes, an amount that for many households could be the difference between foreclosure and mortgage repayment.
Statoil could be sitting on between 40 million and 150 million recoverable barrels of oil equivalent in the North Sea, the company announced last week. The 40-150 million recoverable barrels estimate is still under a “high degree of uncertainty”, Statoil said, with additional appraisals ongoing to confirm the findings.
BP's largest new oil project in the Gulf, called Mad Dog Phase 2, sits atop a 4 billion barrel oil field. BP blames 'market conditions and industry inflation' for delay.
Members of the US House of Representatives last week proposed legislation that would open up more areas for oil drillers offshore, Graeber writes. Lawmakers say getting more work done in the Gulf of Mexico would ensure energy independence.
GE's acquisition of a Lufkin significantly boosts GE’s oil and gas portfolio, which was worth $15.2 billion of its total $147 billion in revenues for 2012, Alic writes. Over the past three years, GE’s oil and gas segment has realized annual growth of 16 percent due to an ambitious acquisition drive.
The world’s first ever algae-powered building is being built and tested in Hamburg, Germany, Kennedy writes. With the outer facades covered in glass panelled bioreactors the building can produce its own energy.
The US Department of Energy has unveiled a new technology that can be used to make US oil sands and heavy oil economically viable for refining.
France has banned fracking but is now planning to tap into geothermal energy which requires a process similar to fracking, Alic writes. The oil industry likely sees an opportunity to reverse the fracking ban.
Suntech stock has rallied on rumors that Warren Buffet may buy the bankrupt Chinese solar company. No one’s quite sure why Warren Buffett might want to buy Suntech, Alic writes, and there has been no confirmation from MidAmerican Holdings that any deal is in the works.
Clean energy was generated from the Paris Marathon thanks to the installation of energy-harvesting tiles, Burgess writes. The tiles are made from recycled truck tires and can generate as much as eight watts of kinetic energy from each footfall.
Alberta is considering new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40 percent per barrel, Graeber writes. The measure may be part of the government's push to allay Washington's concerns about the Keystone XL pipeline.
Oil industry veteran John Nelson talks to OilPrice.com about the developing interest in Tunisia's energy resources. New bid rounds and forced relinquishments have created an opportunity for new companies to take interest in Tunisia's oil resources.
The renewable energy industry is apparently becoming a favorite playground for the underworld, Alic writes. Lucrative government subsidies for the construction of wind farms and a fairly lax regulatory system have made renewable energy attractive to the Mafia.
BP will sell its US wind energy assets as part of a strategy to focus on oil and gas. It also forms part of the program to raise $38 billion from assets sales in order to cover the costs that BP is facing from the fallout of the 2010 Deepwater Horizon spill in the Gulf of Mexico, Peixe writes.
Semi-autonomous driving is already here, Alic writes, and the future will clearly see self-driving and an increase in fuel efficiency. According to Germany’s Continental tech supplier, we’re looking at fully automated driving by 2025.
The ExxonMobil pipeline spill accident comes roughly two weeks before State Department officials head to Nebraska to vet public comments on the Keystone XL pipeline. How will the ExxonMobil spill in Arkansas impact the Keystone XL pipeline debate?
Total SA, a French oil supermajor, will sell its 49 percent stake in a Canadian oil sands project. The sale raises questions about whether the controversial Keystone XL pipeline project is really in the US’ interests, Alic writes.
The oil boom in North Dakota and Western Canada is overwhelming pipeline capacity, Graeber writes. Shipping more oil by rail could help ease the glut.
By using special piping technology, scientists are trying to turn roads into giant solar energy collectors, Peixe writes, but the concept is not without obstacles.
Greek Cypriots have shuffled back and forth to Moscow in an attempt to lure Russia into a bailout package that would have given it a stake in the island’s estimated 60 trillion cubic feet of natural gas offshore, Alic writes, but the Cyprus offer wasn’t big enough to tempt the Kremlin.