Gazprom may lose its gas export via pipeline monopoly after Russian President Vladimir Putin asked the government to consider allowing other producers to get a piece of the burgeoning Asia export market.
If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.
California is shutting down 11 oil and gas wastewater injection sites and reviewing over 100 others in the state’s drought-ravaged Central Valley as officials fear companies have pumped toxic fracking fluids into needed drinking water aquifers.
MIT scientists have discovered a way to get an electric current out of water droplets. Enough power to charge mobile phones can be drawn from water condensing and jumping from a super-hydrophobic surface.
The Australian Senate has voted to scrap the controversial two-year old carbon emission tax, signaling a major victory for Prime Minister Tony Abbott. Reaching the national carbon reduction goals remains in question.
Australians invested just $40 million in renewable energy in the first half of 2014, the lowest figure since the first half of 2001. The investment shift comes as the country prepares to vote on lifting the two-year fixed price on carbon emissions.
There is a huge risk for the EU that Russia continues its pivot process that is already seen in terms of oil and gas pipelines and general trade as Russia switched to China, South Korea and Japan, expert on global financial markets Patrick Young told RT.
Medical supplies and fuel are in a very short supply in Gaza, the water infrastructure has been very badly damaged, some types of food are becoming scarce and prices have doubled, Alan McDonald from Oxfam International told RT.
Eleven minor earthquakes shook central Oklahoma over the weekend, renewing speculation that the area’s oil and gas drilling boom - fueled by controversial hydraulic fracturing, or fracking - is to blame for an increase in seismic activity.
US based Whiting Petroleum is to buy Kodiak Oil for $3.8 billion. The deal brings together two of the biggest players in the Bakken shale formation. The deal creates a dominant player in North Dakota, the second biggest oil producing state in the US.
Hundreds marched through Washington DC and rallied at the Capitol on Sunday to protest plans for a new liquid natural gas (LNG) export facility in Maryland. Local residents fear possible environmental risks.
Russian oil company Rosneft will help Cuban State oil company Cupet explore the country's offshore oil reserves, according to one of the cooperation documents signed between Russia and Cuba during President Vladimir Putin’s visit to Havana.