Natural gas field discovered on Gaza’s coast

The besieged Palestinian territory of Gaza now enjoys the prospect of energy independence – a huge gain as fuel supplies to Gaza have restricted by Israel and Egypt. The big question – will Israel allow the gas field’s development? Palestinian MP Dr Salem Salama, a member of the economic committee of the Palestinian Legislative Council, […]

China discovers huge oil, gas deposits

China discovered nearly 1.1 billion tonnes of oil deposits and 616.4 billion cubic meters of natural gas reserves in 2013, said the Ministry of Land and Resources. Of the new discoveries, 202 million tonnes of oil and 381.9 billion cubic meters of natural gas can be exploited with the current technologies, according to the ministry. […]

Why oil drilling in Ecuador is ‘ticking time bomb’ for planet

Alicia Cahuilla doesn’t try to hide her anger. The native Waorani tribal leader stands in front of an exposed, thickly black crude oil pit, as two gas flares burn violently overhead, the stinging stench of crude heavy in the air. Until about 50 years ago, this area, like most of the central Ecuadorian Amazon rainforest […]

US Backing First Nuclear Reactors in 30 Years

The U.S. government has announced that it will be offering substantial loan guarantees for two new nuclear reactors, giving a major boost to what would be the first such projects to go forward in the United States in more than three decades. The move was immediately hailed by the nuclear industry, which has faced mounting […]

Mounting Evidence that Tar Sands Activity is Causing Health Problems

U.S. Senator Barbara Boxer from California has connected the dots and is pointing to growing evidence that communities living near tar sands mining and drilling operations, pipelines, and refineries are showing serious health risks and problems.  An issue brief published by NRDC, Tar Sands Crude Oil:  Health Effects of a Dirty and Destructive Fuel, profiles some of […]

Did Natural Gas Debt Trigger the Ukraine Crisis?

Defending Moscow’s December 18, 2013 agreement to provide Ukraine with an aid package estimated at about $15 billion, and cheaper natural gas through discounts and “gas debt forgiveness” estimated as able to save Ukraine $7 bn in one year, Vladimir Putin said the decision to invest $15 bn in ‘brotherly slavic’ Ukraine, and grant the […]

A cascade of woes hitting Venezuela’s oil industry

At a conference that annually celebrates–for the most part–the explosion of North American supply, a panel that featured two PDVSA alumni turned into a bleak review of an almost unfathomable crisis gripping the Venezuelan oil industry. The strife in the streets of Caracas, and the lines of people waiting to buy the basic stuff of […]

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