Shortage in Aviation Fuel

The Tema Oil Refinery (TOR), which produces Ghana’s petroleum products, said it has not met the requirements of aviation fuel because demand has increased by some 27% to 3.1 million litres a week. TOR said if it should meet this request, its production programme for the rest of the petroleum products for the country would […]

Farm commissioner pushes case for biofuels

By adopting a new EU Biofuels Strategy, the Commission intends to boost the production of fuels such as biodiesel or bioethanol. Green groups fear that the EU’s plans are mainly driven by agricultural interests and lack environmental safeguards…Recent assessments indicate that member states are far from reaching the biofuels targets in 2005 and that the […]

Putin Uses Oil to Deflect G-8 Criticism of Economic Policies

Kenneth Rogoff, a former chief economist at the International Monetary Fund, said, “Oil insulates Russia from criticism.” That leaves finance ministers including France’s Thierry Breton and John Snow of the U.S. in a quandary: While they want to press Russia to modernize its economy, they don’t want to antagonize the world’s second biggest oil producer […]

Mystery buyer marks record Alberta oil land sale

Energy companies paid C$651 million ($566 million) for undeveloped acreage in Alberta, most of it oil sands leases, a record driven by booming interest in the unconventional resource, the Canadian province’s energy department said on Thursday. ..The mystery buyer created a buzz in Canada’s oil industry, whose oil sands potential has recently grown in prominence […]

Coal changed into oil

Chinese researchers have been working hard for years to find alternative energy for oil. Now their dream may be coming true. A new technology has been developed that changes coal into liquid, and this could have a major impact on how we use energy. Yanzhou Coal Mine Group from the eastern province of Shandong indirectly […]

Climate ‘makes oil profit vanish’

The huge profits reported by oil and gas companies would turn into losses if the social costs of their greenhouse gas emissions were taken into account. That is the conclusion of research by the New Economics Foundation (Nef). ..Nef also suggests UK Treasury revenues from oil and gas may be a disincentive to curbing greenhouse […]

China airlines fly more passengers, but may suffer losses

China’s airlines are enjoying fast-rising passenger numbers but analysts say many may struggle to turn a profit this year due to increasing competition and oil-driven rising operational costs. ..analysts believe rising jet fuel prices – with the price of crude oil still above US$60 (US$1 = RM3.74) a barrel – will wipe out most airlines’ […]

President charts promising course on energy policy

In a budget proposing to spend more than $2.7 trillion over the course of 2007, it is little surprise that such big-ticket items as the record $439.3 billion defense budget became most newsworthy. Yet somewhat overshadowed is that portion of the budget aimed to deal with something so many people use daily badgerherald

Annan urges Iran to freeze nuclear plans

UN Secretary-General Kofi Annan urged Iran to freeze its nuclear activities so negotiations can go on with Russia and EU powers over Tehran businessday

Big Oil Is Getting Pushed Around

Exxon Mobil’s biggest competitor in the quest for oil reserves is not BP or Royal Dutch Shell. It is the governments of China, South Korea and India. Chevron and Exxon Mobil lost an auction for Nigeria’s most promising oil and gas fields last year to companies controlled by South Korea. In Venezuela, Royal Dutch Shell’s […]

Oil spike lubricates Japan’s economy

The conventional wisdom is that spikes in crude-oil prices play havoc with heavily resource-poor Japan, which is the world’s third-largest oil guzzler after the United States and China and imports almost all its oil. To be sure, high oil prices remain a potential scourge for the Japanese economy just as they are for other oil-consuming […]

Volcanic Signatures Persist In Oceans

Ocean temperatures might have risen even higher during the last century if it weren’t for volcanoes that spewed ashes and aerosols into the upper atmosphere, researchers have found. The eruptions also offset a large percentage of sea level rise caused by human activity. Using 12 new state-of-the-art climate models, the researchers found that ocean warming […]

Meeting UK Energy and Climate needs: the role of carbon capture and storage

The Committee wants urgent Government action to ensure British expertise in CCS technology plays a leading role in mitigating CO2 emissions not just in the UK, but internationally. It warns there has been a worrying lack of strategic vision in Government decision making on this issue. The Committee highlights the burgeoning consumption of fossil fuels […]

Sweden plans to be world’s first oil-free economy

Sweden is to take the biggest energy step of any advanced western economy by trying to wean itself off oil completely within 15 years – without building a new generation of nuclear power stations. The attempt by the country of 9 million people to become the world’s first practically oil-free economy is being planned by […]

Solar thermal starts to shine in world’s deserts

People will soon cool their homes with power from the searing desert sun, according to companies investing in a little-used solar technology. Deserts are becoming hot spots for solar thermal power in which futuristic troughs concentrate the sun’s rays and create steam to run power-producing turbines at power plants. It is a different technology than […]

American Capital Committed to Invest $85 Million for Three Ethanol Facilitie

American Capital Strategies Ltd. announced today it has committed to invest $85 million in ASAlliances Biofuels LLC, an entity developed by Americas Strategic Alliances LLC to construct three large-scale ethanol production facilities. American Capital’s investment will take the form of senior subordinated debt and preferred equity. Laminar Direct Capital L.P., a member of the D. […]

IAUS Inks $150 Million Deal for Its New Breakthrough Solar Technology

International Automated Systems Inc. (OTCBB: IAUS) has signed a $150 million purchase and installation contract to install a turnkey 100-megawatt power plant for Solar Renewable Energy-1 LLC of Nevada. The Nevada installation will showcase IAUS’ solar collector lenses, which generate steam to its patented turbines for solar thermal-generated power. Low-cost energy produced by IAUS’ new […]

Industry reels as power bills soar

Power price rises of 90pc are hitting industrial customers as suppliers pass on the costs of dearer oil and gas. E.on, the biggest supplier with almost 14,000 industrial customers has been settling new contracts at about 90pc. A spokesman said last night: “We have no option given what’s been happening in the market but we’re […]

China’s energy insecurity and Iran’s crisis

British Prime Minister Tony Blair has gone on record stating that the fear of soaring energy prices should not deter the international community from imposing comprehensive sanctions on Iran over its nuclear program. That is easier said than done, especially when looking at the dire economic and non-economic consequences of the current Iranian crisis for […]

World is at its warmest for a millennium

The entire northern hemisphere is experiencing a sustained period of warming that is unprecedented in the past millennium, a study has found. A review of a range of temperature records, from tree rings and ice cores to historical documents, has found that at no time since the 9th century have temperatures been so consistently high. […]

Bush ‘tried to lure Saddam into war using UN aircraft’

President Bush had plans to lure Saddam Hussein into war by flying an aircraft over Iraq painted in UN colours in the hope he would shoot it down, a book reveals. Mr Bush told Tony Blair of the extraordinary plan during a meeting in the White House on January 31, 2003, six weeks before the […]

Ten years to prevent catastrophe

Katrina made the Bush Administration take climate change seriously. Fortunately we have had no Katrina-like episode in this country, but the warnings are plain to see. In recent months scientists across the world have reported compelling evidence that we face dramatic melting of Arctic sea ice, a shutdown of global ocean circulation systems in the […]

Zhejiang closes all coal mines

Booming Zhejiang Province on China’s east coast will close all collieries in two or three years, ending its 50-year-old coal mining industry, the provincial economic and trade committee said. Seven were closed late last year, and three remain to be shut down. Low resources, poor efficiency, falling profits and mine mishaps are behind the decision. […]

No quick fix to power problem

..”Whenever we do not have power, we lose customers because we cannot meet orders in time” said one waitress at the high-end coffee shop and restaurant Rwenzori Coffe. The restaurant turns to gas for cooking but other businesses at the mall and ATM machines shut down completely when the power is out. Shoprite and other […]

Nigeria plagued by oil unrest

..”The place can’t be described by any word other than beautiful,” said Mr. Von Kemedi, describing Bayelsa, his home state. “It has islands, mango forest, rain forest, natural beaches. But, unfortunately, it has been negatively affected by the oil industry.” The nine oil-containing states of southern Nigeria have been plagued for years by oil spills […]

From oilfield to gas pump: G8 energy fears

The Group of Eight finance ministers need to consider improved energy supply security all the way from the oil well to the petrol pump when they meet this weekend in Moscow. Concern about oil supply from Iran and gas from Russia has taken energy security to the top of the G8 agenda this year, but […]

Putin urged to liberalise Russian energy

Anatoly Chubais, the head of Russia’s electricity monopoly, has called on Vladimir Putin, Russia’s president, to back the liberalisation of the cash-starved power sector, including the sale of generation companies to foreign investors. Mr Chubais said the reform of Russia’s electricity industry was essential if it was to overcome a looming energy crisis. Russia’s coldest […]

EU calls for more energy cooperation with U.S.

The European Union and the United States should cooperate more closely on energy issues, the president of the EU executive Commission said on Thursday. “In today’s world, if the energy security of either one of us is impaired, it affects the other. I believe this situation calls for a transformation in our cooperation on energy […]

Free software liberates Venezuela

The Venezuelan revolution is perhaps the first revolution in history saved by computer hackers and this is one of the reasons the government is so very strong on promoting the use of free software, particularly in public administration. The Venezuelan government wishes never again to have vital infrastructure held hostage or sabotaged by agents of […]

Morocco decides new rise of oil products prices

The Moroccan government has decided a new rise in the prices of some oil products, as of this Thursday, in a bid to index the prices to international oil fluctuations. According to a communiquMorocco Times

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