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Oil gas News

Igor expected to become a major hurricane in the Atlantic

Miami - Tropical Storm Igor is about to become a hurricane late on Saturday as it moved westward in the Atlantic, but so far does not present an immediate threat to land on energy installations in the Gulf of Mexico.

Belarus threatens to suspend Russian oil, gas amid debt row

Minsk - The government of Belarus threatened that it would cut off Russian oil and gas supplies to Europe if the Russian energy giant Gazprom didn't pay its $260 million debt but the company has denied that it owes such money.

GE bags $300-million deal in China

A $300-million deal to build a gas pipeline longer than even the Great Wall of China has been awarded to General Electric. The company will supply compression equipment to the western section of China’s second West-to-East pipeline.

Gas and Oil Shortages Will Happen Within Five Years

Have you ever stopped to consider what will happen if we run out of gas and oil? Shortages may be a reality within five years according to the International Energy Agency (IEA) Consumers will notice the scarcity in as little as two years.

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