Oil in the Faroe Islands: mirage or miracle ?

After fuelling hopes of independence from Denmark at the turn of the millennium, the Faroe Islands' dreams of an oil bonanza have turned out to be more of a mirage than a miracle.

UAE awards major refining contracts to Korea's Samsung

Abu Dhabi National Oil Company said Monday it has awarded two contracts worth $3.5 billion to South Korea's Samsung Engineering to boost output at the largest refinery in the United Arab Emirates.

Q&A: California looks to keep landmark climate policy alive

California Gov. Jerry Brown is racing to convince lawmakers to extend his state's signature program to confront climate change. The cap-and-trade program has been closely watched around the world as a market-based way to ...

Why we will still need oil and gas in the future

Worldwide, total oil demand keeps growing. Low prices are fueling this trend. To remain competitive, oil companies need to reduce their production costs. Siemens is supporting their efforts with a comprehensive portfolio ...

New scrubber does not pollute sea water

Fresh-water gas exhaust scrubbers produce so little effluent that, in the future, it will be possible to build ships with zero effluent discharge into the sea, reveals a new study from the University of Vaasa, Finland.

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