Money Matters - Simplified

Energy

Iraqi Government Threatens Action Against Kurds as Oil Exports Set to Begin

Iraq's Deputy Prime Minister for Energy Affairs firmly stated the central government will take action, "including fiscal measures," if Kurdistan begins exporting oil without coming to an agreement with Baghdad. The remarks came as Minister Hussain al-Shahristani spoke at a conference in London on January 28. The Kurdish Regional Government (KRG) announced in mid-January that oil had begun to flow through a pipeline towards Turkey and that exports would officially start by the end of the month.

Market Disruptor: Nuclear Restarts Spells Trouble for LNG

There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production. This caused prices to crater to below $2 per million Btu (MMBTu) in 2012, down from their 2008 highs above $10/MMBtu. Natural gas became significantly cheaper in the U.S. than nearly everywhere else in the world.

The Big Winners in Kenya’s Oil Debut

Kenya will start pumping its first commercial oil next year and begin exporting in 2016, but this is just the opening salvo: new discoveries in recent months and fast-track new well development make Kenya the darling of East Africa from an investor’s perspective.

New EPA Rule Requires Chemical Disclosure for Offshore Fracking

The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they discharge into the ocean. Oil and gas companies have been fracking offshore California for perhaps as long as two decades, but they largely flew under the radar until recently.

Energy Companies Pull a Blackwater

Norwegian energy company Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria.

India's Energy Ties with Iran Unsettle Washington

India's relentless search for hydrocarbons to fuel its booming economy has managed the rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, all the while leaving the Indian Treasury fretting about how to pay for its oil imports, given tightening sanctions on fiscal dealings with Iran.

Will Saudi Arabia Allow the U.S. Oil Boom? Interview with Chris Faulkner

Technology, technology, and more technology—this is what has driven the American oil and gas boom starting in the Bakken and now being played out in the Gulf of Mexico revival, and new advances are coming online constantly. It's enough to rival the Saudis, if the Kingdom allows it to happen. Along with this boom come both promise and fear and a fast-paced regulatory environment that still needs to find the proper balance.

Will Regulators Damn Keystone XL?

Starting Tuesday, U.S. regulators will hold regular meetings on oil and natural gas pipeline safety standards. A series of pipeline issues, ranging from a deadly gas pipeline explosion in California, to a massive oil spill in Michigan, have brought pipeline safety to the forefront of the American energy debate.

Lamborghini to work on lowering carbon emissions

lamborghini

The world's leading luxury sports car maker Lamborghini has explicitly indicated at its reluctance to develop a hybrid car in near future following the footsteps of its ace rivals Porche and Ferrarri. However the Italian car manufacturer has assured that it is working on lowering carbon emissions.

RTI’s new technology helps slash solar energy costs by 75 %

Solar energy production can be made cheaper by nearly 75%, at just 20 dollars per square meter, utilizing a new technology claim scientists at RTI, a non-profit, independent technical research organization. This will be a great help in accelerating the market implementation for solar energy.