High oil prices here to stay: IEA
The IEA’s principal oil analyst Antoine Halff is questioned about the recent spike in oil prices and what affect oil geology may be having.
The IEA’s principal oil analyst Antoine Halff is questioned about the recent spike in oil prices and what affect oil geology may be having.
Thatcher’s business partner turns state witness as diplomatic row builds over alleged west African putsch.
The release of Julian Darley’s new book is very timely considering that the prestigious Oil and Gas Journal has just this week come out with a forecast of global gas production peak for 2019.
Coal, traditionally a bright spot in the utility industry, is starting to leave a smudge on electricity bills.
For a decade Washington has backed the Turkish and Azerbaijan governments to steer the export of Caspian region crude oil away from Russia. Russia’s newest riposte has been to ally the Russian and Iranian oil industries, and open up the shortest, cheapest and most lucrative oil route of all, southwards out of the Caspian to Iran.
LONDON –Falling oil output from ageing fields, once insignificant compared with global production, has become large enough to impact world supply and may help explain the constant tightness in the oil market this year, according to analysts.
Scientists in Australia say they have have made a breakthrough in the efficiency of using sunlight to generate hydrogen from water. It may be a step toward an affordable source of clean energy.
Trouble still lurks in the country’s massive oil sector, with industry experts warning that Venezuela needs long-overdue investment in aging oil fields.
Nova Scotia’s struggling offshore energy sector suffered a potential death blow yesterday with the closure of the only remaining well slated to be drilled by a major oil company.
Energy officials from the Caribbean and Venezuela agreed Friday to create a new company that will provide cheaper oil in the region as a way to counter high crude prices.
Shell, the beleaguered oil giant, has been asked by Nigeria’s Senate to pay $1.5bn (£830m) compensation to communities affected by oil pollution in the country.
The possibility of runaway global warming is not as distant a threat as we may wish. It is a threat which worries some of the greatest minds living among us today.