Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Search Results for Oil
Dong Energy Considers Sale of Oil and Gas Assets to Focus on Windfarms
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields. Dong Energy, which is majority owned by the Danish government, said it…
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
World Bank Ups Its 2017 Oil Price Forecast To $55
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its earlier forecast, which is a reflection that at…
This Massive Farm Grows 15% of Australia’s Tomatoes without Soil, Fresh Water or Fossil Fuels
Did you know there is a way to grow tons of fresh fruits and vegetables with saltwater and solar energy? The good people at SunDrop Farms are doing just that with their Australian operation, where they grow 15 percent of…
OPEC Ministers, Secretary General Hold Oil Talks in Istanbul
OPEC Conference President HE Dr. Mohammed Bin Saleh Al-Sada and the Organization’s Secretary General HE Mohammad Sanusi Barkindo held a series of informal meetings with OPEC and non-OPEC oil and energy ministers on the sidelines of the 23rd World Energy…
Serbian Energy Minister Antić opens 8th Oil Forum
Minister of Mining and Energy of Serbia, Mr. Aleksandar Antić, opened the 8th Oil Forum, which took place on 28-29 September in Belgrade. Welcoming the Forum on behalf of the Government of Serbia, Mr Antić thanked the Secretariat for organizing…
China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive transfer of wealth, to securing vital supply lines…