BP is wrapping up cleanup operations of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The move comes with permission from the US Coast Guard, which says BP no longer needs to send out regular patrols to clean the tar from the coastline.
An energy and shipping company has developed an online video game to help attract young people to jobs in the oil and gas industry. Players locate and drill into deep oil reserves situated in extreme environments, which vary from the cold, dangerous North Sea, to the blazing heat of the Qatari dessert.
As solar prices have fallen, and oil prices have risen, Saudi Arabia now has a strong economic incentive to push ahead with its long awaited solar plans, Peixe writes. Saudi Arabia’s desire to install vast amounts of generation capacity makes them a potentially important market, and they will be able to take advantage of this with Chinese manufacturers.
General Motors is offering a $5,000 discount on its Chevy Volt electric car in an effort to jumpstart lagging sales. The Chevy Volt discount follows the strategy of the recent reduction in price of the Nissan Leaf.
Ongoing protests have forced the closure of two export terminals and an entire oil field in Libya, causing a drop in the country's oil production. Gains in production elsewhere may mean a long road ahead for oil in Libya.
Some energy companies are offering Amish farmers in eastern Ohio a pittance to drill on their land, according to an article in the New Republic. The problem is that once the farmers realise that they have signed away their land for a mere fraction of its real worth, Burgess writes, they are unable to sue in court because their religion does not permit lawsuits.
Pakistan is looking to Iran natural gas to help resolve its ongoing energy woes, Graeber writes. Tightened US sanctions on Iran's energy sector doesn't seem to deter Pakistan's pursuit for a natural gas pipeline to Iran.
Nations across the world continue to grapple with how to address climate change, and there have been some tough lessons learned since the Kyoto Protocol, first adopted in 1997. David Shorr, a program officer at the Stanley Foundation, talks about the future of climate treaties in an interview with OilPrice.com.
Gas prices in Indiana skyrocketed well above the national average this week. The sudden, localized surge of gas prices was the result of a "perfect storm of refinery outages."
Natural gas consumers in Asia are pushing to break the longstanding linkage between the price of oil and and the price of natural gas. Japan is pushing for a futures market for liquefied natural gas, Schaefer writes, and the potential Canadian supply could be the first to get priced this way.
Current energy trends could threaten the Western way of life by 2040 when oil prices could reach as high as $500 a barrel, according to a recent report from the United Kingdom's Ministry of Defence. The continued rise of China and South Asian economies will increase the cost and reduce the availability of energy supplies.
The debate over shipping oil via pipelines versus rail hinges on access, price and reliability, Graeber writes. For now, it seems trains are winning the race, but what happens long-term with more pipeline access remains to be seen.
China is developing its oil infrastructure in Myanmar as the country develops as a viable investment opportunity, Graeber writes. But transparency issues and religious strife make Myanmar a difficult place to look for sources of energy.
Exxon Mobil invested $100 million on algae biofuels only to find that it couldn’t achieve commercial viability, Alic writes. The company had hoped to exploit algae as a source of oil that could be converted in existing refineries into transportation fuels on a commercially viable scale.
Oil pipelines like Keystone XL and Northern Gateway could help Canada's economic cause in the long term, Graeber writes, but opposition to those projects, and growing interest in renewables, leaves the Canadian economy vulnerable.
Last week, the US House Foreign Affairs Committee passed a resolution that would tighten economic sanctions on Iran even further by focusing on oil exports. With sanctions tightening on Iran, it's unlikely that any in the pool of candidates for president of Iran have a chance to turn things around, Graeber writes.
Mark Thoma, a macroeconomist and time-series econometrician at the University of Oregon, discusses the future of gas prices and clean energy in an interview with OilPrice.com.
Ernest Moniz was officially sworn in as secretary of the Department of Energy Tuesday and called for a further review of the proposals before making any final decisions on liquefied natural gas exports. This has somewhat dampened the momentum following the Department of Energy’s (DOE) decision last Friday to conditionally approve a Texas liquefied natural gas export project, Alic writes.
Despite substantial gains in US oil and natural gas production, there are restrictions in place on how much of those reserves can reach foreign markets, Graeber writes. Some suggest the liquefied natural gas race is going to be a race against time.
Talking points over pipelines are focused on economic and energy security interests on one side of the argument versus emissions and cleanup on the other. Given the legacy of pipeline spills since the Keystone XL debate began more than four years ago, the "real" issue may be the lack of debate over just why so many of these pipelines have burst open in the first place.