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MV New Flame Collides with Tanker
On the 12th of August 2006, the Panamanian cargo ship - New Flame collided into the stern of the Danish Petroleum Tanker - Torm Gertrud, en route to Turkey. The New Flame was carrying 27,000 tons of scrap metal and 750 tons of fuel oil. The tanker was carrying 39,000 tons of fuel. The New Flame sunk in the water and was successfully abandoned by the crew before submersion. -
San Francisco Oil Spill
On November 7th, a South Korean bound container ship struck a tower supporting the San Francisco-Oakland Bay Bridge spilling 58,000 gallons of oil in the San Francisco bay. Dozens of dead and injured seabirds were immediately found following the spill. The spill affected miles of coastland and according to scientists of that area, could threaten the lives of the bay's birds, fish invertebrates, and marine mammals for years. A day following the spill, oil could be spotted 15 miles north. -
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Major Fluctuation in Oil Prices Worries the World
On January 2, the price of crude oil in New York touched $100 U.S. dollars per barrel for the first time ever in history. Oil prices continued to rise and reached a new high of $147.27 per barrel on July 11th. This was influenced by factors such as the world economic slow don (recession), decline in market speculation and the the international oil prices dropping significantly dropping after the U.S. New York Oil prices then fell to $33.87 per barrel on Dec.19, the lowest in five years. This f -
Tensions in the Gaza Strip
The Gaza War,
On the 3rd of January an Israeli ground invasion began The Gaza War was an Operation Cast Lead in Israel that took the course of three weeks. Israel's aim was to stop rocket fire into Israel and arms imported into the Gaza strip. Israeli forces attacked police stations, military targets and suspected rocketing firms. The conflict resulted between 1,166 and 1,417 Palestinian and 13 Israeli deaths. The tensions in the Gaza Strop resulted in oil prices rising temporarily and then -
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European sovereign-debt crisis
Starting in October 2009, the European sovereign debt crisis is an ongoing financial crisis that has made it extremely difficult or nearly impossible for some countries in the European are to re-finance their grovernment debts without the assistance of other countries. The European Union has been struggling with a slow-moving crisis over the immense debts faced by some of Europe's weakest economies such as Greece, Portugal or the most affected by the global recession Ireland. -
Political Tension in Egypt, Libya, Yemen, and Bahrain
Political turmoil in Egypt, Libya, Yemen, and Bahrain drove oil prices to $95/barrel in late February 2011. A few days aftwerwards, oil prices on the NYMEX closed at $86. Oil prices topped at $103 on February 24 where oil production is curtailed to the political upheaval in Libya. -
ICUE 2011
ICUE 2011 is an Asian conference discussing topics related to energy consumption and alternative energy sources. It revovles around power and energy systems and deals with these issues and prospects for Asia. They discuss issues such as:
Smart grids and active distribution networks
Information and communication technologies for smart grids
Advanced metering infrastructures
Advanced distribution management systems
Mobile agent technologies
Plug-in hybrid electric vehicles and charging stations -
NetherLand's Bank Infusion With Third Parties
April 26th 2012 - The Netherlands defied expectations of a prolonged budget crisis. It produced an agreement to meet with EU targets. The Netherlands claims that the country's sovereign debt levels were too high and it's bank needs to infuse with other bands as the country's economy has reduced significantly.
