On May15, vice premier Igor Sechin held a meeting of oil companies’ executives that was also attended by the Ministry of Energy and the Ministry of Economic Development to discuss a number of important issues. Sechin pointed to the need
KBR (NYSE:KBR) today announced that it has signed a definitive agreement that allows the company to proceed with plans to acquire 100% ownership of BE&K, Inc, a privately held, Birmingham, Alabama based engineering, construction and maintenance services company. The transaction,
DETROIT - The beige 2003 Honda Civic sat on Mike Haile's used car lot in Atlanta for only three days before he sold it for $8,200. And that was $300 more than the asking price. The car, with 62,000 miles
Adjusted for inflation, oil is now above the $101.70 peak hit in April 1980, according to the International Energy Agency, a year after the Iranian revolution. DOLLAR WEAKNESS The fall in the value of the dollar against other major currencies
NEW YORK - Americans getting an early start on the Memorial Day weekend found that gasoline prices again sprinted to a new record high overnight, reaching a national average above $3.83 a gallon. Some analysts predict gas will break past
RIO DE JANEIRO, Brazil - Brazil's state-run oil company Petroleo Brasileiro SA says it has struck more oil in ultra-deep waters near the huge offshore Tupi field. Petrobras says it discovered oil at 22,221 feet below the surface in the
SINGAPORE/PARIS (Reuters) - Airlines around the world braced for slower growth, tighter earnings and deeper cost cutting on Thursday as oil prices surged and the biggest carrier by revenue, Air France KLM, warned on profits. Oil's spike to a record
Shares in Air France KLM have fallen almost 9% after the warned fuel prices would hit its profits this year. The group reported pre-tax profits of 1.15bn euros ($1.81bn; £915m) for the year to the end of March, up 2.8%
LONDON, May 22 (Reuters) - Oil production from countries outside OPEC is stagnating despite a more than sixfold rise in oil prices since 2002, driven partly by the failure of non-OPEC producers to deliver a lot more oil. A Reuters
To get TOD Canada rolling again, I've written a refresher on Canada's energy situation. Canada can't be ignored when it comes to energy. We are a land of plenty. Lots of land, lots of weather, lots of consumption, lots of
There are plenty of explanations for what's happening in the global oil markets. It's caused by the economic boom in the world's largest developing countries, particularly China and India. It's caused by the unwillingness of the oil cartel Opec to
WASHINGTON: Energy Secretary Samuel Bodman rejected a call Thursday by some members of Congress to release oil from the U.S. government's emergency stockpile, saying that oil is needed to respond to future oil supply emergencies and not to influence prices.
Since the industrial revolution, the oceans have become 30 percent more acidic (from 8.2 pH to 8.1 pH). "Under a "business as usual scenario, predictions for the end of the century are that we will lower the surface ocean pH
A cheap polymer material increases the power output of methanol fuel cells by 50 percent.Methanol fuel cells have the potential to replace batteries as a lightweight power source for portable electronic devices. But fuel-cell materials are expensive, and fuel cells
While Japan's coal industry remains tiny, its revival is an example of how higher commodity prices are driving a search for resources even in some of the world's most urbanized and developed nations. In recent months, South Korea has experienced
The government of Indonesia, the world's largest palm oil producer, is now looking at its vast easternmost provinces in Papua to expand its palm oil plantations, a senior official said Wednesday. "After Sumatra and Kalimantan became too dense for new
For years we've heard about how a shortage of silicon kept solar panel prices higher than they would otherwise be. Just as we're expecting supply to improve in that field, we learn that wind turbines are getting more expensive. Not
Japan's trade surplus in April fell 46.3 percent, due to a steady rise in energy imports, overshadowing a small rise in exports led by slowing US demand, the finance ministry said on Thursday. Trade surplus in April was estimated at
The world's dwindling oil and gas reserves will become the main cause of global political tension if consumers continue to "run on empty", the head of one of Scotland's leading energy companies warned yesterday. Ian Marchant, chief executive of Scottish
THE rising cost of jet fuel has once again prompted Qantas to increase the price of its air tickets. Qantas said its international air fares would rise by around 4 per cent and domestic fares by about 4 per cent
