China energy shortage expected to ease this year

China’s energy shortage is expected to ease this year, although regional and seasonal shortages will persist, the South China Morning Post reported, citing an industry official. ..But relief would only come in the second half of the year, when most generators would be ready, China Electricity Council secretary-general Wang Yonggan said.Forbes

Call for EU to boost energy security

Western Europe’s growing dependence on Russia and other energy suppliers means the European Union will have to use aid and trade policies to bolster its energy security, a long-awaited report has concluded. A green paper by the European Commission, a draft of which has been seen by the Financial Times, says the EU will have […]

Sales falling, oil firms here look abroad

With the sharp rise in oil prices over the past several years, consumption in Korea has taken a hit, prompting concerned local oil companies to seek new avenues for growth overseas. According to recent studies by the Korea Petroleum Association, Korea’s daily consumption of oil, which averaged 1.6 million barrels in 1997, dropped to 1.3 […]

Cheap oil is over

Are we on the brink of an oil crisis? A close adviser to the Bush administration, an international economist and a former Irving Oil executive who spoke Saturday in Belfast said, unequivocally, yes. And it is the United States, they say, that must lead the way in instituting drastic measures to reduce oil consumption. …All […]

Oil smuggling further hits Bangladesh oil crisis

At least 300,000 metric tons of fuel oil worth US 250 million dollars are drained out every year from Bangladesh through cross-border smuggling, according to an estimate published here today amid an outcry over oil crisis. “.. the short supply could well meet the demand of the period,” Mr Rahman was today quoted by a […]

Cold Spell to Cut 2006 Oil Output

Oil output growth this year will not exceed 2 percent, a figure lower than an earlier government forecast, because of a winter cold spell that brought temperatures to 50-year lows in some regions, Economic Development and Trade Minister German Gref said. “The frost especially affected the level of production of mineral resources, above all oil,” […]

Oil leaps $1 after new Nigeria attacks hit output

Oil prices leapt $1 higher on Monday after Nigerian militants crippled production and threatened more violence in the world’s eighth-largest exporter…”I think this thing is a chronic situation that will last at least this year,” said Tony Nunan, a manager at Mitsubishi Corp.’s risk management business. “When Europe wakes up there’s more potential upside.”Reuters

‘Open skies’ air treaty threat

Britain could lose its ability to impose environmental taxes, restrictions and safeguards on airlines under a draft treaty between the EU and US which curtails the power of national governments. The draft treaty, meant to liberalise aviation, includes a little noticed clause requiring EU states to reach agreement with each other and with the US […]

Africa, pleased and tortured by oil

Over the past year, African oil has leapt into international attention as world demand increases and price hikes. Along with ever enlarging exploration, extraction and sale, African producers, while gaining considerable profits, also see a series of problems such as environmental pollution, farmland damage and grain shortage. So, people here always show mixed feelings when […]

Bush Takes Nuke Energy Plan on the Road

President George W. Bush is visiting Wisconsin, Michigan and Colorado this week to promote the Global Nuclear Energy Partnership (GNEP). In his weekly radio address on Saturday, Bush said his budget includes $250 million to launch the GNEP, which requires the United States to work with nations that have advanced civilian nuclear energy programs, including […]

Scaring people about energy

There enterstageright

A metal plate that will cut domestic fuel bills

Peter Bance, chief executive of fuel cell manufacturer Ceres, believes he could halve the country’s energy bills at a stroke, settle the debate on the nuclear issue, and help Britain meet its Kyoto obligations – all with the help of a thin plate of metal and carbon derivatives. Once the plates are stacked and connected […]

SA solar research eclipses rest of the world

In a scientific breakthrough that has stunned the world, a team of South African scientists has developed a revolutionary new, highly efficient solar power technology that will enable homes to obtain all their electricity from the sun. This means high electricity bills and frequent power failures could soon be a thing of the past. The […]

The U.S. Biodiesel Industry Matures

From military fleets to long-haul truckers, farm equipment to heating oil supplies, and of course, in diesel vehicles’ gas tanks, biodiesel is cropping up all over the U.S. as the clean fuel made primarily from soybeans experiences breakneck growth. This rapidly maturing business was clearly visible in San Diego, California, last week at the industry’s […]

Blackouts ‘Threaten UK Olympics’

The London Olympics in 2012 are likely to be hit by electricity blackouts, according to a poll of energy experts. Three-quarters of the respondents to a survey organised by the energy company Mitsui Babcock identified blackouts as a “serious concern”. Many of the UK’s nuclear and coal-fired stations will have closed by 2012, and demand […]

Qatar says oil markets oversupplied

Qatari Oil Minister Abdullah bin Hamad al-Attiyah said on Sunday world oil markets were oversupplied but he did not specify what OPEC should do about its production levels at its March meeting. ”I believe it (the oil market) is oversupplied for the time being,” he told reporters at an energy conference in Doha. ”We see […]

Aramco orders six oil tankers

State-owned Saudi Aramco has awarded South Korean Daewoo Shipbuilding and Marine Engineering a contract to construct six large oil tankers. The first will have a capacity of 218,000 tons and will be delivered in Q1 2008. ameinfo

Could Global Warming Become a Runaway Train?

Scientists working in the Arctic report that feedback loops are already underway. As the frozen sea surface of the Arctic Ocean melts back, there’s less white to reflect the sun’s heat back into space ABCnews

Defining Sustainability, Part 2: The BMW Way

The BMW Group comprises the automobile brands BMW, Mini, and Rolls-Royce, and employs about 106,000 full-time workers worldwide in the manufacture of about one million vehicles per year (2004 figures). Having largely built the BMW brand on the reputation of its engines, the BMW Group is considered a pioneer in hydrogen-fueled engines, and considers liquid […]

The Oil Drum: Living in the Eemian

Today we return to the issue of sea level rise. Sea level rise is a slower-fuse issue than I have come to believe the hurricanes are, but in the long term it is potentially more broadly devastating, and the latest evidence suggest that, again, we cannot safely assume that this is strictly a problem for […]

Chevron Claims Energy Debate

The world’s fifth-largest oil company, Chevron, has invested $300m (BBC

OPEC May Cut Oil Output as Markets Oversupplied

Opec, which pumps about 40% of the worldThe Financial Express

OPEC Train Wreck!

Recent meetings of the Organization of Petroleum Exporting Countries have been relatively benign, but when oil ministers meet in Vienna on March 8, you can bet they’ll have more on their minds than shopping for chocolate or taking in the sights….. Many analysts, including yours truly, believe that the OPEC ministers will tighten production and […]

Nigeria militants threaten oil tankers

Militants who seized nine foreign oil workers in a string of attacks across Nigeria’s troubled delta region threatened Sunday to step up assaults by firing rockets at international oil tankers. …A man identifying himself as the commander of the movement told The Associated Press by telephone his group was poised to escalate the violence by […]

Predicting the end of oil age

Some think petroleum output has hit its peak – or that it will shortly. Hubbert’s Peak isn’t a place. It’s the top of a theoretical curve representing worldwide oil production. But its real-world implications could be earthshaking. The theory is named for M. King Hubbert, a geologist who correctly predicted the recent decline in U.S. […]

Official: China Should Be Cautious in Using Natural Gas for Power

China should remain cautious while developing natural gas-fired power plants due to unstable fuel supply, Wang Yonggan, secretary-general of China Electricity Council (CEC), told a forum in Beijing on Sunday. In East China, insufficient natural gas supply made gas-fired generators with a total installed capability of four million kilowatts stop working last year, Wang said. […]

Chad’s Oil Riches, Meant for Poor, Are Diverted

NDJAMENA, Chad “It’s a long time we wait, but this is Chad,” said Abdelraman Choua, 22, a computer science major from Mongo. “We are always waiting.” Such is reality under a World Bank-supported program that was supposed to harness this impoverished African nation’s oil wealth for the benefit of its poorest citizens. A $4.2 billion […]

Kicking the habit, all over the world

PRESIDENT BUSH was right to say that the United States is “addicted to oil” in his State of the Union address. For too long we have been consuming ever-greater quantities of the stuff without paying heed to the political, economic and environmental hazards involved. Bush also made some useful, if timid, suggestions on how to […]

Britons face

Sir John was speaking after EU competition commissioner Neelie Kroes warned Europe’s big energy companies that they faced tough anti-trust action unless they addressed “serious malfunctions” in the way the market operated. An eight-month investigation revealed powerful national and regional monopolies, little cross-border competition, poor transparency and lack of effective competition in price setting, Mrs […]

Falling Fuel Prices Benefit Retailers

Gas station owners in many parts of the United States are buying fuel at some of the lowest prices they’ve seen in a year, yet many are padding their bottom lines rather than passing along all the savings to motorists, industry figures show. Nationwide, the profit margin on a gallon of gasoline has widened since […]

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