Japan-Russian energy cooperation won’t produce results without solid bonds

Japan and Russia agreed on 12 issues including energy development when President Vladimir Putin recently visited Japan. But, the concrete terms of these economic agreements are not clear. Dr. Vladimir I. Ivanov is director of research at a Niigata-based think tank called Economic Research Institute for Northeast Asia. He says that “compared with Russia’s relationship […]

Russia warns Ukraine against siphoning off Europe-bound gas

Russian natural gas giant Gazprom said on Sunday it may take Ukraine to an international court if the former Soviet republic uses gas intended for European clients from a pipeline running through its territory without permission. “Eighty percent of our gas transits through Ukraine, which was the motive behind our Ukrainian colleagues’ decision to start […]

Official Upgrades China GDP Growth Estimate

Central bank’s research bureau raised its gross domestic product (GDP) growth estimate for this year Friday to 9.4 percent from 9.2 percent. The bureau cut its consumer price index (CPI) forecast for 2005 to 1.8 percent from 2 percent, according to a report by Tang Xu, the director of the research bureau, published in the […]

OPEC officials in Moscow for talks with Russia

MOSCOW (AFP) – Top officials from OPEC and Russia will hold talks Monday to discuss future cooperation between the two giant oil exporters, said the OPEC president, Sheikh Ahmad Fahad al-Ahmad al-Sabah. In comments made during a meeting with journalists from the Russian state news agency ITAR-TASS, Sheikh Ahmad noted that Russia was the world’s […]

Detailed ”Syriana” synopsis (SPOILERS!)

Prince Nasir (Alexander Siddig) is the reform-minded son of an aging emir. He has ideas, like letting China get a lucrative oil contract, instead of simply allowing an American oil monopoly. He also wants to modernize his country economically and socially. His brother is a playboy who will just do the American oil companies’ bidding. […]

Billionaires for Peak Oil

…We often refer to “industrialization” but this misses the revolutionary nature of mechanization – engines small enough to replace individual people – down to the size of lawn mowers. Mechanization is the source of the “liberation” which the modern era feels, and the source of the huge surplus in society which we take for granted. […]

Fed Hides M3 as Iran Switches to Petro-Euros

Over the past two days, December 21st – when our first Hindenburg Omen (of whatever cluster is coming) – and Thursday December 22nd, the Federal Reserve has conducted one of the largest two-day Repo injections of money into the system since back in September 2001. On Wednesday they added $18.0 billion in reserves and on […]

North Korean officials in Beijing talk oil and abductees

North Korea’s deputy premier Ro Tu Chol signed an agreement with China’s vice premier Zeng Peiyan for their two countries to jointly explore and develop oil fields, apparently setting aside territorial uncertainties in seas between the two countries. .. Chinese geologists estimated in 2002 that offshore fields in the West Bay basin area off North […]

Big new tax breaks for hybrid cars

Starting next year, buying a fuel-efficient vehicle will help keep IRS at bay. NEW YORK (CNNMoney.com) – If you just bought a brand new fuel-efficient hybrid vehicle, sorry but you should have waited. Starting Jan. 1, 2006, buyers of some hybrid vehicles can get a hefty tax credit. But the credits vary a lot and […]

China scooping up deals in Africa as US firms hesitate

LUANDA, Angola — China’s growing demand for energy sources and profitable construction deals is leading the world’s most populous country increasingly to swoop into Africa, where it has found abundant raw materials, governments desperate for outside investments, and relatively little competition from American firms. The Chinese, sensing Africa’s tremendous potential upside, are making strategic economic […]

Energy superbody junked

Gloria Macapagal-Arroyo is putting on the back burner her plan to create an oil and power superbody, which has been heavily criticized by business leaders and lawmakers for rendering Energy Secretary Raphael Lotilla powerless. In a radio interview, Executive Secretary Eduardo Ermita said the President ordered a review of Executive Order No. 474 which will […]

Delft mathematician simplifies the search for oil

Mathematical research at Delft University of Technology is making it easier to look for oil. Yogi Ahmad Erlangga, who receives his doctorate on Thursday 22 December, has developed a method of calculation which enables computers to solve a crucial equation much faster. In the past, this stumped oil company computers. Funded by Shell and SenterNovem, […]

Natural gas powering Qatar economic boom

In a shift drawing historical comparisons to the takeoff of Saudi Arabia’s oil industry several decades ago, Qatar has moved swiftly in recent years to develop its huge offshore natural gas reserves – once dismissed as practically worthless because of the difficulty of transporting gas to distant markets – while cementing strong military and economic […]

Government signs oil agreement

The Government of The Gambia has signed a Memorandum of Understanding with Buried Hill Energy Company in Canada for the drilling of oil wells in The Gambia. In an interview with the press at the State House, the Commissioner of pertroleum, Ousman Jammeh, who signed on behalf of The Gambia Government, said that what they […]

Benz to make natural-gas vehicles in Thailand

Mercedes-Benz plans to use Thailand as its second production base for cars fuelled by natural gas, after its home base in Germany, citing confidence in government policy to support alternative fuel utilisation. The carmaker yesterday delivered a prototype hybrid car, the E200 NGT from Germany, to Prime Minister Thaksin Shinawatra via Energy Minister Viset Choopiban […]

Venezuela versus Mexico

Mexico and Venezuela have managed to sneak in as hemispheric energy development poles. The major hydrocarbons producers in Latin America and with an evolved oil business -focused in Pemex and Pdvsa-, these two nations try to find a niche in a new marketplace. Both Venezuela and Mexico are highly dependent on the United States in […]

Iraq faces obstacles to oil investment

To entice foreign companies to develop Iraq’s oil sector, the nation’s next government will not only have to tackle violence that has scared away investors, it will also have to determine who controls the country’s lucrative oil fields. Despite the oil industry’s many problems – falling production, crumbling infrastructure and relentless insurgent attacks – the […]

Emergency at Torness fuels nuclear power row

Fears of a radioactive leak were dismissed yesterday, hours after the first full-scale emergency incident at the Torness nuclear power station in the plant’s 17-year history. Green and Scottish National Party MSPs stepped up their calls for an end to the nuclear power programme after British Energy, which owns the plant, disclosed details of the […]

Chip Industry Wastes Energy And Money, Vendors Say

The global semiconductor industry could save itself nearly $500 million per year in energy costs — or enough electricity to power a small city — and do something for the planet at the same time, according to the International Sematech Manufacturing Initiative. ..The group said that if the entire chip industry would incorporate all of […]

Will We Have Enough Oil And Natural Gas?

Secretary of Energy Samuel Bodman has asked THE question. Will we have enough oil and natural gas to keep our economy going? In a letter to Lee Raymond, Chairman of the National Petroleum Council (NPC), Bodman has asked the Council to predict the future: …Energy Secretary Bodman’s letter describes several key issues: “Perspectives vary widely […]

BP orders North Sea upgrade

ABB, the leading power and automation technology group, has won a contract to provide safety and automation systems (SAS) for BP’s Valhall redevelopment project in the North Sea. Based on the award-winning System 800xA, ABB’s SAS are to be fully integrated with the existing ABB Advant/Master systems on the field. By specifying ABB’s System 800xA, […]

Pollutants ward off global warming, study finds

Cutting air pollution could trigger a greater surge in global warming than previously thought, suggesting future rises in sea level and other environmental consequences have been underestimated, climate scientists report today. The warning comes after researchers investigated the effect of fine particles known as aerosols on climate change. Aerosols – particles smaller than one hundredth […]

Oil shale may be fool’s gold

Buried underground in western Colorado are a trillion tons of oil shale. For a century, men have tried and tried again to unlock this energy source. But the rocks have proved stubborn, promising much, delivering little. Recently, the U.S. Department of Energy published a new report on oil shale. It claimed that the nation could […]

Opec hints at keeping oil above $50 a barrel next year

OPEC is to cut back its oil output in 2006 in order to defend the current high level of oil prices, the carteltimesonline

Size of Iraqi oil find unclear

DNO chief executive Helge Eide said Friday that it was too early to estimate the size of the company’s oil find in northern Iraq. He said he thus was sticking to estimates before drilling began in the Kurdish area. Those estimates called for as much as 1 billion barrels of oil for DNO. “But we’ve […]

Major oil find in the Barents Sea

The Goliath owners do not want to comment on the new find before the Oil Directorate has been informed. But NRK claims it has information which confirms that the drilling has been very successful, and that there is oil all the way to the bottom of the reservoir. Preliminary estimates say Goliath contains around 100 […]

China to build first zero-pollution coal-fired power plant

A State-owned company is hoping to build China’s first coal-fired power plant that would release almost no emissions of pollution. With a budget of 5.8 billion yuan (716 million US dollars), the new company, known as Green Coal Power Co., will develop technology to produce hydrogen through gasifying coal, and technology for collecting and storing […]

My Year of Driving the Future

For me, 2005 was all about driving the future. From innovative safety and traffic-improvement technologies to more alternative-fuel vehicles than ever before, I feel that I witnessed the arrival of a new automotive age over the past 12 months. The result will be some radical changes in how and what we drive, with some coming […]

Energy Solution Needed Quickly

Government and private industry need to start talking seriously – right now – about the impending global energy crisis, said the guest speaker at Thursday’s Energy Team Meeting Luncheon in Oklahoma City. The problem is not that the world is running out of fossil fuels – the problem is the energy industry can’t find the […]

Saudi Arabia and Ghawar.

Here are some basic facts regarding the Kingdom of Saudi Arabia. Presently, on average, Saudi Arabia has a lower GNP per capita than Sourth Korea.Further, most of the wealth is appropriated by the 30,000 princes. That means theaverage for ordinary citizens is much less than it would seem. Presently the Ghawar field produces 4.5 million […]

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