General Petroleum Corporation reported that one of their wells is leaking in three Gamsha spots north of Hurghada – a spot that is popular among tourists and the scene a very serious oil spill covered up by authorities last year. Travel & Nature General Petroleum Corporation Hurghada oil spill Red Sea tourism MORE >>

But in the face of an actual spill, BP is much less confident. This scares everybody: the fact that we can’t make this well stop flowing, the fact that we haven’t succeeded so far,” BP CEO Doug Suttles said. Many of the things we’re ­trying have been done on the surface before, but have never been tried at 5,000 ft.” Trust us. Tanning beds? MORE >>

Maybe this time BP really should go “ beyond petroleum “? In light of the ongoing offshore oil drilling disaster in the Gulf of Mexico Greenpeace is demanding that President Barack Obama cancels Arctic drilling plans and calls for an offshore moratorium. And why shouldn’t they? leader’s priorities.&#. MORE >>

Energy carbon emissions carbon footprint Energy costs energy subsidies oil industry oil prices petroleumEnergy subsidies keeping petrol and electricity prices low in the Middle East are jeopardizing the chances of renewable energy projects. per litre at the pump. More Subsidies = More Inefficiency. Low Costs Encourage Excessive Consumption. MORE >>

This breakthrough technology has the potential to provide an endless supply of cost-competitive and environment-friendly oil to displace petroleum, says the company. A new cost-effective, high speed manufacturing process for extracting oil from algae, called ‘Live Extraction™’ has been developed by OriginOil. MORE >>