In a lackluster economy, there hasn't been much from OPEC members to suggest there was any sort of revival, Graeber writes. But with seven of the 12 members of the cartel experiencing at least some form of upheaval, the cost of doing business suggests members may need more than a little bit of luck to return to glory.
The quest for nuclear fusion power is well known, Daly writes, having been around since the dawn of the nuclear age, but the physics have precluded significant research. Until now.
Verizon Communications will spend $100 million to green up its facilities with solar panels and fuel cells, Alic writes, putting it in the big leagues with clean energy followers like Google and Yahoo.
China remains the world’s largest polluting nation while leading the fight against climate change, according to a new study. China has made such efforts to reduce its emissions, and reduce growth in electricity demand, that it is far ahead of any targets it set itself, Kennedy writes.
Sally Jewell's first moves as secretary of the US Interior Department show so far that she's embracing her dual legacy as an environmental steward with rare ties to the oil industry, Graeber writes.
Shipping oil by rail used to be the answer to tight pipeline capacity and cheap Canadian crude, Schaeffer writes, but the question now is: Has that train left the station?
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.