Petromin to Be Merged With Saudi Aramco

JEDDAH, 25 October 2005 Arab News

GOP & Big Oil

House Republican leaders are calling on oil companies to reinvest some of their record profits into the construction of new domestic refineries. In an unusual scene, House Speaker Dennis Hastert, R-Ill., invited the media into his office to announce: “These are tough times that call for tough measures. We expect oil companies to do their […]

Fuel prices start to weigh on consumers

Report: Energy costs may be going up but consumers find ways to keep them down. NEW YORK (CNN/Money) – Consumers are curbing their driving habits as high gas prices decrease demand, a marketing information company said Tuesday. According to the NPD Group, three out of four consumers said recent hikes in gasoline prices have affected […]

Tough flying for the global economy

By Stephen Roach Not surprisingly, an unbalanced global economy is struggling under the weight of the energy shock of 2005. This has not been lost on world financial markets. Stock markets have sagged on the fear of demand risk and bond markets have backed up as central banks sound the alarm over incipient inflation. This […]

Fear of high heating bills prompts run on wood-burning stoves

Consumers worried about high natural gas and home heating oil prices are turning to local wood-burning stove retailers at rates not seen since the energy crisis of the 1970s. Some dealers are running out of stoves completely, and others are seeing stoves snatched up as soon as deliveries arrive. Even those with inventory are reporting […]

An Oil-Rich Test for Bush

Fair Elections in Azerbaijan and Kazakhstan Could Energize a Region In the past two weeks the Bush administration has launched a concerted attempt to translate its pro-democracy rhetoric into action in two little-known Eurasian countries whose importance is about to soar. Within six weeks, it could pull off a political feat that would electrify a […]

BP names panel to probe deadly plant explosion

James Baker to lead investigation into Texas City blast that killed 15 HOUSTON – Former Secretary of State James A. Baker III will head a panel investigating safety and management oversight at BP Products North America Inc. following a refinery explosion and fire that killed 15 people and injured 170, the company announced Monday. The […]

Gas Taxes: Lesser Evil, Greater Good

There’s no serious disagreement that two major crises of our time are terrorism and global warming. And there’s no disputing that America’s oil consumption fosters both. Oil profits that flow to Saudi Arabia and other Middle Eastern countries finance both terrorist acts and the spread of dangerously fanatical forms of Islam. The burning of fossil […]

Fuel prices usher in new coal age

When he found out how high the price of natural gas would be this winter, Scott Rose, of Dorchester, decided that the fuel of choice for 2006 would be the fuel of choice of 1906: Coal. After picking up an old coal stove last year with an eye to replacing his messy wood stove, Rose […]

Massive Citgo refinery slowly works its way back to 100%

LAKE CHARLES, La. Security remains tight, with few visitors allowed inside the plant. But Citgo gave USA TODAY a glimpse of its early recovery operations. Enough power surged into the plant two weeks ago to start preliminary operations and produce some gas and fuel. But it’s unclear how long it will take to fire up […]

Offshore gulf drilling debate redux

The latest proposal calls for oil prospecting 125 miles from Florida’s coast. WASHINGTON – In the lurching, on-again, off-again campaign to allow more oil and gas drilling in the eastern Gulf of Mexico, the march is on again. With the backing of Florida Gov. Jeb Bush, the U.S. House Resources Committee on Wednesday will consider […]

South Korea’s KEPCO to Build Wind Power Plant in China

Korea Electric Power Corp. (KEPCO) has started work on a wind power plant in China, making it the first foreign electricity firm to enter China’s wind power market, the state-run company said on Friday. ..China, the world’s second-biggest energy consumer after the United States, suffered its worst energy crisis in 20 years in the summer […]

Alberta oil sands: a new source for oil

While the Alberta oil sands promise a potential oil source for future, environmental concerns threaten to become a constraint at some stage in future. However, the federal and the provincial governments are confident that environmental regulations would not block the operation and further expansion of the project, despite Canada’s pledge to cut emissions under the […]

Plea for more nuclear energy

Companies in North Wales are to discuss a call by a manufacturers’ organisation for new nuclear power plants to be built to head off future energy shortages. The Engineering Employers’ Federation is urging the government to consider replacing nuclear plants as part of a balanced, sustainable, long-term energy strategy for the UK. John Malam, EEF […]

Oil and Saudi Arabia – Part 2

Just before I began to study energy economics, which was around the time of the first oil price ’shock’, the Saudi Arabian oil economy was being programmed by its foreign ’owners’ (which included Exxon, Texaco, Standard Oil of California, and Mobil) to produce 20 Mb/d of oil. Exactly how that figure was reached is unknown […]

The EU Faces Important Issues for Oil and Gas Supplies

Although the EU has an important oil and gas industry, which is mainly centered in the UK sector, its reserves are very small in a global context. As far as individual EU countries are concerned, reserves are very small indeed in global terms, with all EU countries having less than 0.5% of global oil and […]

Russia Aims to Produce 510M Tons of Oil Annually by 2010 — Energy Minister

Russian oil output could peak at more than 510 million tons annually in 2010, or 10.2 million barrels per day, Russian Industry and Energy Minister Victor Khristenko said on Monday, Oct. 24. “It will reach a certain plateau of production within the time frame of 2010,” Khristenko, quoted by the Reuters agency, told reporters. That […]

Balkan countries to sign energy treaty with EU

Eight SE European countries will today sign an agreement with the EU to create a regional energy market in line with EU energy legislation. This is a first step towards integrating the sector into the internal energy market. The ultimate aim of the project is the integration of Albania, Bosnia, Bulgaria, Croatia, Macedonia, Romania, Serbia, […]

Consumers Could Face Price Spikes at Pump

While the most dire predictions have been largely dismissed as alarmist — gasoline prices in the U.S. of up to $6 a gallon and crude oil climbing to $105 a barrel in 2007 — analysts warn consumers could face new price spikes and won’t soon be returning to pump prices that propelled the popularity of […]

Tough flying for the global economy

Not surprisingly, an unbalanced global economy is struggling under the weight of the energy shock of 2005. This has not been lost on world financial markets. Stock markets have sagged on the fear of demand risk and bond markets have backed up as central banks sound the alarm over incipient inflation. This underscores the inherent […]

Oil and Saudi Arabia – Part 1

Everything that you need to know about the future of Saudi Arabian oil production can be found in a staff report to the subcommittee on international economic policy of the committee on foreign relations of the United States Senate (1979). One prominent consulting organization, PFC Energy, has stated that by 2020 at the latest, OPEC […]

US mly action against Iran not inevitable: Rice

Military action against Iran over its nuclear programme is not on the agenda, US Secretary of State Condoleezza Rice said in an interview broadcast on Sunday. But she added that President George W Bush would not rule out any option while the international community pursued diplomatic means to address fears that Tehran is seeking nuclear […]

Oil dispute fuels tension between China and Japan

China has, according to Japanese reconnaissance data, completed at least one new drilling platform in the East China Sea and may already be tapping into natural gas and oil fields, escalating a dispute with Japan over the rights to billions of dollars worth of underwater energy reserves. The alleged development has aggravated a potential flash […]

Russia’s Gazprom Plans Big Sales To U.S.

Russia’s energy giant Gazprom is launching a major drive into U.S. and Asia-Pacific markets with gas from its new Siberian and Arctic fields, but it needs money from Western investors. Five Western groups have been short-listed to help develop the Shtokman field, which contains 113 trillion cubic feet of gas — enough for 25 years […]

Oil Majors and Car Giants Look to Push Ethanol As Petrol Alternative

BP and Shell, which report third-quarter results this week, have held talks with GM and Ford about increasing the availability of ethanol, the biofuel that can be used in millions of vehicles already on the road instead of petrol. Recently, the focus has been on launching marques with hybrid engines where the petrol engine is […]

Outlook bright for hydrogen biofuel cell

British scientists say simple, cost-effective hydrogen biofuel cells could be developed from electrodes coated with a bacterial enzyme to oxidize hydrogen. Traditional hydrogen fuel cells generate energy through chemical reactions involving oxygen and hydrogen, often using precious metals as catalysts for the reactions. Now University of Oxford scientists say they’ve developed fuel cells using catalysts […]

World’s first biogas train makes maiden voyage in Sweden

The world’s first train to run on biogas, a renewable energy source made up of organic waste, made its maiden voyage in Sweden, a country that has high hopes for biofuels. Biogas is made up of shredded plant materials and animal waste, which are then mixed with water in a tank. Once the waste has […]

Berkeley Scientists Synthesize Cheap, Easy-to-Make Ultra-thin Photovoltaic Films

Imagine a future in which the rooftops of residential homes and commercial buildings can be laminated with inexpensive, ultra-thin films of nano-sized semiconductors that will efficiently convert sunlight into electrical power and provide virtually all of our electricity needs. This future is a step closer to being realized, thanks to a scientific milestone achieved at […]

FORD DELIVERS MORE HYDROGEN FOCUS FUEL CELL VEHICLES TO CALIFORNIA

Ford Motor Company is handing over the keys to three hybrid hydrogen Ford Focus Fuel Cell vehicles today as part of a seven-city 30-car program to conduct real world testing of fuel cell technology. fuelcellsworks

Rice tour raises China’s energy hackles

Between October 11 and 13, US Secretary of State Condoleezza Rice made a brisk tour of five “stans”: Kyrgyzstan, Afghanistan, Pakistan, Kazakhstan and Tajikistan. Analysts say that one key purpose of the journey was to strengthen US influence on Central Asia, especially with regard to energy security. Obviously, the US seeks to reduce reliance on […]

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