Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
After three years of decline, greenhouse-gas emissions are rising again, largely because of increased coal use. The best chance for the industry to erase its 'dirty coal' image is through carbon capture, which is making progress.
The US shale gas and oil revolution has shown that hydrocarbons are almost everywhere, Grealy writes, and we no longer need to go to the ends of the earth or spend or spend a ton of capital to find them. The new energy paradigm is a world where the most attractive projects are those closest to markets.
Ghost Fishing, a global network of highly skilled volunteer divers, is cleaning up the underwater mess in oceans caused by abandoned fishing nets.
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.
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.