While there is an element in luck in the way geologists locate these deposits, the new method is more structured and thorough. As per the results of a study, scientists are scouring through huge tracts of data, looking for clues for the deposits of minerals, including, oil, gas, copper and gold. The techniques adopted by…
Although the company is continuing with its investments in shale oil in countries, including Argentina, faced with rising consumer demand for EVs, BP is weighing its options to see how it can meaningful participate and survive in this changing market. London-based BP is holding partnering talks with electric vehicle manufacturers to offer battery re-charging docks…
It has become a lot harder for Venezuela to dig itself out of the giant economic, political and social hole it’s in by the government of the country. In order to create a new legislative body that supersedes others, including the opposition-led National Assembly, Venezuela held a highly contentious vote on Sunday. The National Constituent Assembly…
According to one oil analyst, the potential but unlikely winners that could emerge from the U.S. sanctions on Venezuela’s vital oil sector could be the countries of China and India. Following Venezuela’s controversial election for a new Constituent Assembly on Sunday, President Donald Trump along with the Treasury Department of the U.S. has taken “strong and swift…
Hackers have stolen 1.5TB of data, including un-broadcasted episodes of Game of Thrones, from HBO, a unit of Time Warner Inc, leading some to believe that perhaps being fans of the show they couldn’t handle the suspense! In a startling development, U.S Cable giant HBO has disclosed that hackers have been able to steal its…
Chinese miners are pushing for the split. In a significant development, the underlying code for bitcoins is likely to split on Tuesday and create a clone called “Bitcoin Cash”; this is likely to provide windfall gains to the holders of the cryptocurrency. This initiative is being led by a small group of mostly Chinese…
It aims to achieve 100% coverage by 2022. The British government is studying the pros and cons of the proposal and may consider a legislative approach to achieve the target. British telecommunication giant BT is set to invest $778 million (600 million pounds) to further the aims of the British government to provide faster…
Ahead of a controversial national vote on Sunday that has sparked severe unrest in that country, some hedge funds are taking big bets on Venezuelan debt. Despite the threat of more sanctions by the U.S. and other nations, particularly against Venezuela’s state-owned oil company known as Petroleos de Venezuela, S.A., or PDVSA and widespread condemnation, the…
In allegations that widen the scope of the latest scandal to hit the nation’s auto industry, allegations of colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition have bene placed against German’s major automakers in a U.S. lawsuit of acting as a cartel. According to a…
Even as fears n sparked that Southeast Asia’s largest economy could embark on a Philippine style drug war, the country has expressed a willingness to let authorities shoot down drug dealers, having come under pressure from widespread illegal narcotics distribution. Indonesian President Joko Widodo or Jokowi recommended police to shoot drug traffickers who resisted arrest and said that…
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