The world has already initiated efforts to promote renewable energy sources to make this planet a living place for future generations. In backdrop of this development, several countries have established relevant renewable energy authorities and defined a set of goals to be achieved in the future. Global research institutions and agencies have identified all the…
Top 5 Solar Energy Stocks
The companies in the solar sector are developing as well as installing devices that assist in capturing solar energy and then convert that energy to electric energy. These firms are working to assist in transitioning the world economy away from scarce fossil fuels towards renewable sources of energy. This conversion needs millions or trillions of…
11 Biggest Iron Ore Producers in the World in the 2017
Iron is one of the most needed metals in industry today, since steel production depends on it very much and the biggest economic forces such as China or USA are demand huge amounts of of this metal. These countries are also the ones that import the most of iron by percentage: 94% of the whole…
21 Countries with the Purest Tap Water in the World
Water is one of the most precious elements and one of the basic things in the world and all living creatures depend on it. Apart from the Sun energy, water is the most important source we have on our planet. Even though it is fairly well known fact, huge amount of water resources are nowadays…
Titanium’s Big Comeback
Titanium has a huge amount of applications that you may not realize, but it’s not always performed so well, with titanium hitting a 9 year low in early 2017. The most common use of it is in paints and ceramics as titanium dioxide, where the steel-like strength of titanium marries with half the weight to…
Transocean LTD (RIG) Hit Large By Oil Prices Slump, Moody’s Expect $9.1 Billion Debt to Curve Out As Junk
The New Year hasn’t brought any good news for Transocean LTD (NYSE:RIG) as the oil drilling company is losing its share value aggressively. The $9.1 billion debt of the company might reach a junk status without any improvement in crude oil prices, says Moody’s Investor Service. The shares of the owner of the world’s largest…
Chevron Corporation (CVX) Halts Canadian Arctic Oil Project Amidst Price Slump
Chevron Corporation (NYSE:CVX) has signified its intention to indefinitely halt its previous plans of drilling oil in the Canadian Arctic’s Beaufort Sea, citing “economic uncertainty in the industry” in a letter submitted on Wednesday to Canada’s National Energy Board. A number of companies have announced budget cuts for 2015 even as oil prices have continued…
Petroleo Brasileiro Petrobras SA (PBR) Risks Losing International Bond Funding Due to Corruption
Petroleo Brasileiro Petrobras SA (NYSE:PBR), the state controlled oil company of Brazil, is facing the risk of being left out of the capital markets even as the corruption probe currently besetting the company reveals that it is deeply entrenched in a wide corruption scandal. Reuters reports that an early repayment of bonds amounting to $11…
BP plc (ADR) (BP) Downsizing Workforce Amidst Low Oil Prices
BP plc (ADR) (NYSE:BP) is looking towards slashing headcount of its workforce amidst challenges brought about by oil price slump, with its non operations-staff and back-office employees to be the most likely affected in the company’s efforts to reduce costs. The oil industry in general have been bracing the effects of an almost 40 percent…
Tesla Motors Inc (TSLA)’s $5 Billion Gigafactory Poses Threat To Traditional Utility Business
The electric carmaker, Tesla Motors Inc (NASDAQ:TSLA), announced a $5 billion Gigafactory for the production of batteries in September 2014 and it is certainly one of the biggest of its kind. However, the Gigafactory, helping in lowering electric car costs, is scaring the biggest names in the utility industry. The electric car manufacturer has started…