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Natural resources

Methane leaks cancel climate benefits of natural gas use, cost taxpayers millions – report
​So much methane leaks from oil and gas production on federal and tribal lands in the United States that any environmental benefits gained from natural gas use are cancelled out. It also costs US taxpayers tens of millions of dollars in royalties.

30.06.2015 00:03

Argentine court orders seizure of Falklands/Malvinas ‘illegal’ oil drillers’ assets
Argentina has ordered the seizure of assets belonging to foreign drilling companies operating in the vicinity of Falklands / Malvinas Islands, saying they have failed to obtain the necessary permissions from Buenos Aires to conduct exploration.

28.06.2015 04:40

Cuadrilla fracking application rejected by Lancashire Council
Lancashire County Council has unanimously voted to reject a planning application for fracking in the region. Residents and environmentalists, who have been protesting throughout the council’s two-day meeting, welcomed the news.

26.06.2015 07:57

​Australia's electricity ‘to be dominated by renewables’ in 25 years
Renewable energy in Australia will outrun conventional means such as fossil fuels by 2040, accounting for 59 percent of electricity generation, according to energy analysts.

23.06.2015 18:18

Liquid treasure: Water theft rising in drought-ravaged California
It’s not quite “Mad Max,” but Californians are resorting to water theft and police are playing catchup, as nearly half of the state suffers in the throes of an intense drought.

15.06.2015 17:38

Serbian PM’s US trip: Drifting away from Russia?
​Belgrade insists that the Serbian prime minister’s visit to Washington, complete with gas-related discussions, would strengthen cooperation with the US and not distance Serbia from Russia. Should Moscow be concerned?

03.06.2015 12:56

Russia, Venezuela agree on massive $14bn oil & gas investment deal
President of Venezuela Nicolas Maduro says his country has reached an agreement with Russia, which will see investment of $14 billion in the oil and gas sector over the next few years.

28.05.2015 06:43

Macedonia ready to join Turkish stream project once Moscow reaches agreement with EU
Macedonia is ready to take part in the construction of the Turkish stream natural gas pipeline once Russia and Brussels reach an agreement on the strategic project, Macedonian Prime Minister Nikola Gruevski has announced.

28.05.2015 04:17

Solar panels can power the world – MIT study
An MIT report has found that regular solar panels like the ones used today could supply much of the world with power. They believe terawatts of energy could be produced by 2050 and say that investment, not technology, could be the biggest hurdle.

20.05.2015 15:22

Tanker engaged by Iranian vessels liable for $300mn in damages to oil rig – Tehran
A Singapore-flagged tanker which, owner claims, came under Iranian navy fire in the international waters off the UAE this week, is wanted over the unsettled $300mn debt in damages it caused to an oil rig in late March, according to Iranian official.

16.05.2015 02:44

US promises Ukraine help to become gas exporter
Ukraine has every chance of becoming a gas exporter again, as it was in the first half of the 20th century, said US Ambassador to Ukraine Geoffrey Pyatt. He added that the US will certainly help Kiev to achieve the goal.

15.05.2015 07:29

Big Oil’s campaign donations result in taxpayer subsidies - report
Oil companies making donations to politicians are getting massive tax credits in return, despite President Obama’s 2009 call to stop subsidizing big oil, claims the Guardian following an investigation into three corporate projects.

13.05.2015 18:00