Shell to Delay Oil Part of Sakhalin Project by Year

Royal Dutch Shell PLC (RDSB.LN) said Thursday that it will delay the launch of an oil platform and year-round oil output by a year as part of the rescheduling of its Sakhalin II project announced last month. In mid-July, the Anglo-Dutch oil giant said its Sakhalin II project, off Russia’s far east coast, would suffer […]

Poland angry at Russian pipeline plans

Poland is furious at a pipeline plan that would direct gas straight from Russia to Germany – bypassing all other countries. Poland and other ‘young’ member states, are 70 percent reliant on the Russian energy behemoth for their gas requirements and want the plans to be discussed at an EU level, reports German daily FT […]

Sinvest To Buy Rig From Keppel FELS For $145M

Norwegian oil and gas investment company Sinvest ASA (SIN.OS) Thursday said it has launched a new bond loan and that its unit Deep Drilling Invest has executed an agreement to buy a Jack-up Rig from Keppel FELS Ltd. in Singapore for $145 million. The company said the jack-up ordered will be capable of operation in […]

Grad Student Believes Wood May Replace Oil

A University of Idaho graduate student believes the answer to the world’s crude oil crisis grows on trees. Juan Andres Soria says he has developed a process that turns wood into bio-oil, a substance similar to crude oil. The process – in which sawdust and methanol are heated to 900 degrees Fahrenheit to create the […]

Leadership, Activism, Mancur Olson, Groups, Localism, and Conferences…

I’ve been doing a lot of thinking about activism these days…and the best ways to focus that activism to bring about a soft landing for our society in the face of the problems of peak oil. Individual action is all well-and-good, and we can conserve…but it is only going to be when we bring unified […]

U.F.O. to process waste plastics in China

Osaka-based U.F.O. Group is moving ahead with its plan to build a pilot plant in China to process waste plastics into light oil products, reflecting its corporate strategy to diversify its business to clean energy sector, a company official said. U. F.O., short for Universal Factory of Operation, has bought a piece of land covering […]

Analysts Debate: Can Saudi Arabia Continue to Meet Oil Demands?

One quarter of the world’s proven oil reserves are in one country — the Kingdom of Saudi Arabia. Most energy forecasts assume not only a continuation of Saudi production in the coming decades, but an increase to meet rising demand. But some analysts fear that the Saudis may be reaching the end of their ability […]

Oil prices strike historic high

World oil prices hit record levels on Wednesday in London and New York on heightened supply concerns and ahead of crucial US stockpiles data that was expected to show lower crude and gasoline reserves. Expectations of falling stockpiles in the United States, the world’s biggest oil consumer, have added to concerns about tight supply, especially […]

City experts team up to fight global warming

Scientists will become world leaders in the fight against global warming by examining ways to lock harmful emissions under the sea. Edinburgh’s top two universities are to join forces by creating a centre of excellence to monitor the long-term effects of dissolving carbon dioxide in deep sea reservoirs and in porous rock containing oil. The […]

Shock for Kenyans as oil firms raise prices

The recent changes in taxation rules for oil products have translated into higher retail prices. Yesterday, oil marketers said they would adjust the pump prices by Sh3.75 per litre across the board to reflect increased cost of trading in the products following the coming into effect of the new tax rules on Monday. The price […]

Bush’s Energy Disaster

But the giveaways are the least of the billLA Weekly

Networking: ‘Smart Highways’ Emerging

Commuters cruise down Interstate 95 from New York City to Washington, D.C., bumper to bumper, at a speed of 120 miles per hour – about a two-hour trip at that speed. Do they worry about collisions? Not at all. They can even check the Dow Jones industrial average or browse new books on Amazon.com while […]

Rail Tunnel for NY & NJ

In a last minute provision of the recently passed Transportation Bill, the Port Authority of NY & NJ received a $100 million appropriation to build a rail tunnel from Bayonne, NJ to Bayridge, NY (Brooklyn). According to a NY Times article by their transportation columnist Sewell Chan, this was a surprise to the Port Authority […]

Mexico’s Pemex Sees 2006 Oil Output Steady To Higher

Mexican state oil monopoly Petroleos Mexicanos (PEM.YY) said Wednesday it expects to produce slightly more oil next year, even as output at its biggest field declines. In a conference call with investors, Carlos Morales, head of exploration and production at Pemex, said projects other than the company’s massive Cantarell field should boost production by 85,000 […]

Abrupt Drop in Norway Oil Output Seen as Temporary

Although some industry experts say it’s too early tell whether a recent 20% plunge in oil production in Norway is a harbinger of steep decline, most say its only a temporary slip. The confident – including heads of the biggest producers in the world’s third-largest oil exporter – say an expected dip in crude output […]

India Has Doubts Over Pipeline

Indian media reports indicate New Delhi may be having doubts over the political viability of the $4-plus billion pipeline from Iran. “I am realistic enough to realize that there are many risks, because considering all the uncertainties of the situation there in Iran, I don’t know if any international consortium of bankers would underwrite this,” […]

Drilling for Broke? Experts Debate ‘Peak Oil’

Are we nearing a peak in global oil production? Soaring demand for oil in the U.S. and in booming economies like China and India has led to increased watchfulness about inventory levels among traders. At the same time, oil companies are scrambling to find new sources for crude, while investors ask more questions about firms’ […]

Oxfam sounds warning over looming Mali crisis

More than 1 million people in Mali face a major food crisis because rich countries have not responded to calls for emergency funds, Oxfam said today. The international aid agency said donors must act now to help the 1.1 million people at risk in the west African country. … “Now that the media spotlight is […]

Taiwan flights can use China airspace

Taiwan’s Premier Frank Hsieh said his government would allow Taiwanese flights to overfly rival China’s airspace for the first time in more than five decades. The airlines affected — China Airlines and EVA Airways — still need to apply for China’s permission, Hsieh said. … China Airlines said it was studying the likely effects of […]

Green For Good Launches Website

Addressing the growing popularity of ecologically friendly products in the marketplace, Green for Good, LLC has launched a new website, www.greenforgood.com. The site features everything a consumer needs to live a “green” lifestyle on a daily basis, including organic food, clothing, cosmetics and beauty products as well as organic cotton beds, pet products, house wares […]

Suit Fights Ethanol Mandate

California’s attorney general sued the U.S. government Monday to wipe out the federal rule requiring the use of ethanol in California gas tanks. But new federal energy legislation awaiting President Bush’s signature could soften the ethanol requirement and possibly render the lawsuit meaningless, a spokeswoman for Attorney General Bill Lockyer acknowledged. For years California has […]

Flu pandemic: lethal yet preventable

If Asian bird flu mutates into a form that spreads easily between humans, an outbreak of just 40 infected people would be enough to cause a global pandemic. And within a year half of the worldNew Scientist

US rail industry posting record earnings

While airlines choke on high gas prices like a canary in a dangerous coal mine, and auto manufacturers try new gimmicks to get people to buy their cars, U.S. railroads and rail car suppliers are posting sharply higher earnings, some of which were records in the second quarter. Here are some recent, interesting news briefs […]

Chinese ministry cites crude import needs

Aug 3  China’s demand for crude oil will outstrip domestic supply by some 130 million tonnes in 2005. China’s Ministry of Commerce predicted that the country’s crude oil output would increase by 3% this year to 180 million tonnes but that demand would rise by 6% to 310 million tonnes. Imports will have to fill demand not met by domestic production. The ministry said demand for refined oil will rise by 5% to more than 230 million tonnes. Within that total, the demand for gasoline will increase by 4% to more than 54 million tonnes, while diesel oil will rise 6.5% to 110 million tonnes, and fuel oil will increase by 5% to 54 million tonnes.

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Oil at Heart of Renewed UAE-Saudi Border Dispute

The United Arab Emirates (UAE) has rekindled a long-standing territorial dispute with Saudi Arabia in a bid to grab a share of a giant border oilfield that contains nearly 1.5 per cent of the world’s total crude resources. Just eight months after the death of Sheikh Zayid bin Sultan al-Nahyan, its pragmatic leader and founder, […]

Soldiers in Mauritania stage coup

The Mauritanian armed forces took advantage of the absence of the country’s president Wednesday to seize power, according to a statement carried by the state news agency. President Maaouya Taya was out of the country attending the funeral of Saudi Arabia’s King Fahd and is reportedly in Niger’s capital, Niamey, on his way back from […]

Reliance plans huge oil expansion

Indian industrial giant Reliance has announced that it will spend $5.8bn to create one of the world’s largest oil refineries in Gujarat state. Reliance chairman Mukesh Ambani said capacity at its Jamnagar refinery would be doubled to 60m tons per year. Indian shares reached a record high for the seventh straight day on the news. […]

Japan wary of China’s growing military

China’s military modernization, including apparent plans for a deep-water navy, needs to be monitored closely to determine whether it exceeds requirements for self-defense, a Japanese government defense report said Tuesday. … The report, complied by the Japanese Defense Ministry, said the Japanese public had become “exceedingly concerned” about the activities of Chinese ships. This is […]

Trading, Pyongyang-style

As of Wednesday, the six-party talks in Beijing aimed at getting North Korea to give up its nuclear weapons program are reported to being close to a statement of principles after nine days of negotiations. The US wants Pyongyang to abandon its entire nuclear program, including the development of nuclear energy, in return for food, […]

In land of bicycle, car boom brings freedom of open road

Most days Leng Feng is a mild-mannered marketing consultant. But by Friday he’s ready to rev up his trusty CitroChristian Science Monitor

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