In a rare move, the UK government has come out in defense of BP regarding the US EPA’s decision to suspend the company from new government contracts. Members of the UK government filed a midnight brief on Monday saying the EPA’s decision could negatively impact jobs and pension funds invested in the UK super major.… Keep reading →
Amid all the uproar over the US’s surprising oil production growth of the last few years, some oil market watchers may have inflated expectations of just how well-supplied the market is. US onshore oil supply growth has helped to boost global oil market supply, helping to insulate prices from the impact of disruptions, such as… Keep reading →
This updated list is actually good news. OK, if Black Friday can start on Thanksgiving, then we can start making year-end lists on December 1. We listed the more than 200 VC-funded solar startups back in 2008. We knew that we’d be writing about most of them on their way up — as well as on their way down.… Keep reading →
Solar poised to challenge wind’s historical dominance According to a newly released report by Bloomberg New Energy Finance (BNEF), 2013 is expected to become the first year in which solar PVs beat wind in terms of megawatts of new installed capacity on a global level. It is a remarkable feat for solar energy, which is… Keep reading →
Iran has agreed to an initial nuclear deal that will involving the country dialing back its nuclear program in exchange for six months of sanctions relief. Iran will gain access to over $4 billion in frozen oil revenues, as well as a suspension of sanctions on petrochemical exports. [Bloomberg] The deal will also “eas[e] of the… Keep reading →
On Monday it was announced that Deep Green, an underwater kite technology that turns low velocity ocean currents into electricity, has been successfully deployed. The underwater kite technology developed by Minesto for testing in Northern Ireland is a part of a swelling industry that is working to create the most efficient way to access the… Keep reading →
The Chevron-Apache Kitimat LNG export project in British Columbia has the potential to capitalize on Canada’s vast natural gas resources, as well as the proximity of its western coast to Asian markets. But it is also up against competition from producing countries like Australia, where the buildout of LNG export infrastructure is already well underway,… Keep reading →
By Kiran Moodley The Organization of the Petroleum Exporting Countries (OPEC) trimmed its forecast for U.S. growth in 2013, warning that the ongoing budget impasse in Washington could damage the recovery. The group cut its forecast from GDP growth of 1.7 percent to a 1.6 percent expansion for this year. While there was a healthy… Keep reading →
The American Petroleum Institute’s latest statistics for US crude oil production show output for the month of August at its highest level in a quarter of a century. Production averaged more than 7 million barrels per day in August for the tenth consecutive month, according to API. “U.S. crude oil production in August increased by 1.2… Keep reading →
The closing of the American West just over a century ago was thought to be the end of a long chapter of human exploration that was as inspiring and enriching as it often was destructive and painful. New evidence that the far northern reaches of the globe are becoming increasingly passable and habitable means that… Keep reading →
