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Tax relief granted for 90% of North Sea developments
90 percent of North Sea developments in 2012 were granted tax relief According to a Deloitte’s study issued on the 18th of January, over 90 percent of the North Sea developments in 2012 were granted...
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Ready for going green? UK Energy-efficiency scheme launches!
Nick Clegg, the Deputy Prime Minister At last! The UK Green Deal energy efficiency scheme is due to be entirely launched on the 28th of January. The green initiative has been strongly backed by Nick...
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Shell’s Q4 profits rise, but miss estimates
Royal Dutch Shell PLC On the 31st of January, Royal Dutch Shell PLC informed that it saw a 13 percent jump in profit for the fourth quarter. As it was underlined by the Europe’s biggest energy company,...
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BP to dive into its pocket as Gulf Oil Spill trial begins
Deepwater Horizon oil spill Everything indicates that BP Plc will have to dive into its pocket to cover all demands related to the Deepwater Horizon oil spill. On the 25th of February, the Gulf oil...
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Exxon cleans up Arkansas oil spill as concerns rise
Exxon Mobil Corp. Exxon Mobil Corp. is incessantly continuing its attempts to clean up mess caused by the Arkansas oil spill. Another oil spill adds to concerns over the safety of pipeline systems and...
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BP aims to get rid of its US wind arm
BP Plc opts out of wind energy If one thinks that renewable energy is the future, then s/he can be surprised with a new decision made by BP Plc. Surprising or not, BP Plc has informed that it wants to...
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BG again truly interested in exploration and LNG
BG Group PLc again much interested in LNG It seems that BG Group Plc is ready to once again to concentrate on exploration and liquefied natural gas (LNG) as it wants to regain its investors’ favor. The...
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Fuels of the future. Neither dream nor whim – just necessity
Fuels of the future are not whims – they are just necessity “Just as fossil fuels from conventional sources are finite and are becoming depleted, those from difficult sources will also run out. If we...
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Chevron rather optimistic about its Australia’s LNG projects
Chevron Corp. Chevron Corp., the US’s second largest oil company, stays rather optimistic on its LNG projects located in Australia as the Gorgon LNG development is in 60 percent finished. The two...
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UK should make the best of its colossal shale gas reserves
Shale gas industry migh become important for the UK economy It seems that the UK might have a golden goose as IGas Energy Plc informed that it had much more shale gas than initially estimated. This...
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Turning point for U.S. oil production
Can you think of all of the changes along your business or career since 1995? For sure many things have changed; it’s a long time period when it comes to business. This is the exactly same period that...
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Rising Living Standards Drive Higher Energy Needs says Exxon
World Energy According to Exxon Mobil the drive for better living standards around the world will increase the demand for electricity and transportation fuels even as economies revive and governments...
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Power Plant That Turns Unwanted Carbon Dioxide Into Electricity
Scientists are developing a new type of geothermal power plant that will store unwanted carbon dioxide (CO2) underground and use it as a mechanism to improve electric power generation by relatively 10...
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U.S. on its way to energy independence, says DOE
Department Of Energy According to the U.S. Department of Energy, the net import share of U.S. energy consumption will only be 4 percent by 2040, meaning that the country is almost breaking even in...
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U.S. Government To Create A Big Energy Storage Market
Solar electricity will likely make up just 0.4 percent of the total power supply in 2014. As the renewable electricity generation and electric cars is rising there is also a growing interest in energy...
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U.S. Announces Over $7 Million Investment to Commercialize Cost-Effective...
hydrogen technology The U.S. Energy Department announced over $7 million investment in projects that will help bring affordable, advanced hydrogen and fuel cell technologies online faster. This...
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Researchers turn algae into crude oil in less than an hour
Algae about to be turned into oil Researchers at the the Department of Energy’s Pacific Northwest National Laboratory Pacific Northwest National Laboratory can spin algae into oil. A biofuels company,...
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Drop-in fuels will soon come from plant-derived chemicals
The flow-through reaction setup progressively dissolves biomass producing fractions rich in (from left to right) lignin monomers, cellulose-derived sugars and hemicellulose. Researchers at University...
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2014: a year for synthetic biology, dark matter, and more!
This computer simulation visualizes the filaments of dark matter thought to underpin the Universe’s structure of galaxies and galaxy clusters. Expectations concerning energy and science continue to...
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Iceland Successfully Harnesses Energy Directly From Magma
Five years ago, engineers at Icelandic Deep Drilling Project, IDDP witnessed a bizarre site while drilling a borehole in Krafla, Northeast Iceland. At 2100m they had accidently hit Earth’s magma...
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