Money Matters - Simplified

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Energy

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.

Shamoon malware steals and wipes data after corrupting computers

Security specialists have detected a malware that steals files from infected machines, then renders several computers on a network unusable by overwriting their master boot record. They suspect it is being used to target attacks against specific companies.

New technological boom! Electricity can be generated from waste water.

Brilliant Engineers from the Oregon State University have finally burst through in the microbial fuel cells performance that can lead to the generation of electricity using waste water directly. This can lead to a boom in the production of electricity in future as the waste treatment plants can actively help in selling electricity besides producing electricity for the waste plant.