China seeks oil, energy ties with Canada

Chinese President Hu Jintao lauded his country’s joint role with Canada in promoting global peace and development Thursday, arriving on his first state visit here with the goal of improving oil and energy ties. CNN

As oil prices rise, Asia sees sense in going green

For energy-hungry Asian governments, the answer could literally be blowing in the wind. Across the region, renewable energy such as solar, wind and geothermal power is gaining ever greater credence as a way to curb the regionJang

China’s economy roars ahead

Most of the world is getting used to the fact that China is now a major player on the economic stage – it has witnessed the most rapid industrialisation in history – but is this phenomenal rate of change sustainable? The Organisation for Economic Cooperation and Development seems to think so. The OECD’s first report […]

We

First, we must view the current energy plan as a starting point rather than as a finished product. It makes some advances but fails to address a key fact: 70 % of oil is used in the transportation sector. To deal with that reality, we will need to increase taxes on oil consumption. Second, we […]

Energy: The catalyst for conflict

Numerous recent and seemingly unconnected events have highlighted the emerging fulcrums of potential alliances in Asia, as well as the possible focal points of conflict. Power blocks are gradually coalescing around shared interests. At present the fulcrums of these power blocks could swing in a number of directions. The real threat will emerge when there […]

Cold opportunities for undiscovered petroleum resources

The exploration potential of the Arctic is substantial. An overview of global oil resources by the US Geological Survey (USGS) suggests that it could conceal as much as 25 % of the world’s total remaining petroleum resources. Alexanders

Oil, gas price spikes help alternative energy companies

“The degree to which solar becomes part of the mainstream solution is dependent upon the degree to which people think there’s a problem and see the solution already exists,” said John Tuttle, chairman and CEO of DayStar Technologies Inc. (Nasdaq: DSTI), a solar cell manufacturer in Halfmoon. Business Review

Strategic Alliance to Fund Power Generation Development Projects

GE Energy Financial Services and Starwood Energy Group Global, LLC (“Starwood”) announced today that they have formed a strategic alliance to fund power generation development projects. GE Energy Financial Services and Starwood will invest in contracted and merchant pre-construction coal, gas and wind power generation projects. The venture, focusing initially on the United States and […]

Higher energy bills ahead

Along with soaring oil and gasoline costs, consumers may be hit with yet another hike in their energy bill in the near future, the price of electricity, a report said Friday. States with deregulated industries, mostly in the Northeast, the Midwest and the mid-Atlantic, are more likely to see the price increases.CNNMoney

UN summit ends as document adopted

When Swedish Prime Minister Goran Persson banged the gavel signifying approval, the leaders burst into applause. The summit’s approval of a modest document, which commits governments to achieving UN goals to combat poverty and creates a commission to help move countries from war to peace, came alongside important developments in other areas. Scotsman

Gazprom announces five possible partners

Russian natural-gas monopoly Gazprom said Friday that Norway’s Statoil and Norsk Hydro, France’s Total and U.S.-based Chevron and ConocoPhillips made the short list of potential partners to help it develop the giant Shtokman gas field under Arctic waters. USAToday

Coming months

The Mackenzie Gas Project remains bogged down on three key issues, making the next two months Petroleum News

Japanese set to direct ’sun-power’ nuclear reactor in France

Negotiators from the European Union, the United States, Russia, Japan, South Korea and China said after a meeting on Monday at Cadarache, the proposed site for the International Thermonuclear Experimental Reactor (ITER), that they also wanted construction to start as soon as possible, the communique said. After years of wrangling, Cadarache was chosen over Japan’s […]

Earth’s ozone layer on long road to healing

Based on recent patterns, Geir Braathen, an ozone specialist at the WMO expects the ozone holes to hover around this year’s size for a few more years before beginning to shrink. Some scientists predict it will take about 50 years for the ozone hole to stop forming. CBC

Venezuela Chavez: OPEC Crude Production Near Maximum Level

Venezuelan President Hugo Chavez said Thursday that crude oil production in oil-producing countries is nearing maximum capacity, which limits their ability to affect prices. “OPEC is practically almost at the ceiling of production…in (Venezuela) we’re producing at full steam DowJones

Now the petrol crisis sweeps China

Unlike Britain though, the Chinese government is being pressed to solve the problem not by lowering the price, but raising it – a demand being led by the country’s oil companies.Telegraph

Oil firms pledge help to curb high prices

Total, BP and Royal Dutch Shell have already cut their prices in France. Shell, BP and Esso agreed to invest nearly 500m euros in refining from 2006-2008. PeninsulaOnline

Clinton Global Initiative

On its second day, the Clinton Global Initiative achieved the 100 commitments mark with an overall value totaling more than $450 million. “As the world moves rapidly and inexorably toward being more and more interconnected, I think a more open conversation between the world’s haves and have-nots will benefit both.  We need to move forward […]

CLEAN ENERGY INITIATIVES TO BE SHOWCASED AT INTERNATIONAL CONFERENCE

Governor Edward RendellDeptPenne

Area residents switching to fuel alternatives

In lower Fairfield County, an increasing number of consumers are switching to bioheat, a blend of 95 percent low-sulfur home heating oil and 5 percent refined soybean oil StamfordAdvocate

Governor unveils his plan to combat high energy prices

Governor George Pataki yesterday unveiled a nine-point Strategic Energy Action Plan that he said will help ensure that gasoline and home heating oil remain affordable and accessible to all New Yorkers. The plan also calls for increased efforts to diversify the stateEmpireState

Energy Efficiency – The Other Alternative Fuel

Proven methods for industry to reduce energy consumption and environmental impact are already at hand. [The download is a pdf file – Ed]PlantServices

German Auto Industry Is Coming Late to the Hybrid Party

Germany has long prided itself on dominating the automobile world. But when it comes to hybrids, they are falling well behind their Japanese competitors. At the International Automobile Show in Frankfurt, though, Mercedes, BMW, Porsche and Volkswagen are trying to make up for lost time. Der Spiegel English Site

Food industry fails to save on energy, researcher says

A study showing that the European food industry failure to make significant improvements in energy efficiency over the past thirty years, has led to the researcher calling for governments and the sector to do more for the environment. The call comes at a time when food processors are warning that high energy costs are cutting […]

Nuclear obsolescence threatens an energy crisis that renewables cannot fully add

Whatever the emissions targets, past experience would argue against the Government sponsoring a new generation of nuclear plants. Is Britain facing a future of power failures and electricity blackouts? The question was raised afresh this week in a report by the House of Commons Public Accounts Committee. This found that even if renewable energy achieves […]

Global warming ‘past the point of no return’

A record loss of sea ice in the Arctic this summer has convinced scientists that the northern hemisphere may have crossed a critical threshold beyond which the climate may never recover. Scientists fear that the Arctic has now entered an irreversible phase of warming which will accelerate the loss of the polar sea ice that […]

Ozone hole approaches record size

The hole in the ozone layer above Antarctica has grown to near-record size this year, suggesting 20 years of pollution controls have so far had little effect, the United Nations said. In a bulletin on Friday on the seasonal depletion of ozone gas, which filters harmful ultraviolet radiation that can cause skin cancer and cataracts, […]

China says steady output, no reserve filling soon

Bejing – China is capable of turning out 180 million tons of crude oil yearly in the next 20 years and enjoys a huge potential to developing new domestic oil and gas resources, a senior government official said here. The prediction is based on the third general survey of national oil and gas resources by […]

China’s Andes signs EnCana deal

Andes Petroleum Corporation, a joint venture of Chinese petroleum companies, has reached an agreement with Canada-based EnCana Corporation to purchase all of its shares in subsidiaries that have oil and pipeline interests in Ecuador, said sources with China National Petroleum Corporation (CNPC) on September 15. Asia Times

Goldman Analyst Still Sees Demand-Driven Oil Super Spike

Goldman Sachs (GS) analyst Arjun Murti reiterated this week that the world is in the initial stages of a multiyear oil price “super-spike.” The analyst, who moved energy markets in March with his prediction oil prices could reach $105 a barrel, said prices will have to keep climbing and stay high long enough to kill […]

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