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OPEC oil output rises in August

Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) climbed by 90,000 barrels per day in August.

Oil prices on the slide

Despite fears of oil price inflation world oil prices have fallen close to the $100 mark and are expected to come down yet further

South Africa approves green energy proposals

South Africa’s Department of Energy has approved 19 proposals for renewable energy projects in the second round of its request for bids.

2011 inductees named by National Inventors Hall of Fame

The National Inventors Hall of Fame announced its 2011 inductees today, recognizing the inventors of the sensor that enables cameras in cell phones, and the Universal Product Co

San Francisco to host second solar summit

The concentrated solar power industry (CSP) is gearing up for its second annual conference in San Francisco, California next week.

UK figures drive car sales higher

For the first time in a year and a half, new car sales in Europe rose in the month of April

First oil to flow in Ghana

The West African nation of Ghana is due to pump its first oil today following the discovery of the offshore Jubilee Field three years ago.

Auto crisis spreads to Sweden

Rio Tinto to spend US$4.2 billion on iron ore expansion

Rio Tinto has announced it is committing US$4.2 billion to developing its tier one iron ore business.

GM to build billion dollar plant in China

General Motors (GM) has won approval to build a plant in China to make Cadillac cars

African billionaire unveils ambitious plan for NigeriaÔÇÖs oil sector

Aliko Dangote, Africa’s wealthiest man, has signed a multi-billion dollar deal to finance the building of an oil refinery in Nigeria

Boeing and Siemens join forces for defense initiative

Boeing and Siemens are to form a strategic alliance for the joint development and marketing of "smart grid" technologies to improve energy access and security for the US Departm

GM invests in powertrain plants

General Motors is to invest $129 million in powertrain plants in Ohio, Indiana and Michigan as part of a $2 billion investment program in 17 facilities in eight states over the