Challenges facing Britain’s oil giant

BP is a corporate giant, one of a handful of UK companies with truly global clout, and a barometer of the wider health of the oil industry. Surging world crude prices have helped boost the oil firm’s fortunes, and BP has just unveiled 2005 full-year profits of $19.31bn (BBC

Nanoscale Engineering to Power a Greener Future

Researchers at the University of St Andrews have discovered a new material which could lead to significantly more powerful fuel cells than currently available. The School of Chemistry scientists have found a new electrode material allowing the more efficient direct utilisation of natural gas or biogas (as produced from waste) in fuel cells and which […]

Malaysian Scientists Invent Hydrogen Fuel Technology System

A small group of scientists have invented a technology called Hydrogen Fuel Technology (HFT) which could reduce petrol consumption up to 50 percent. The system is able to generate a fuel capacity of 20 litres (10 from petrol: 10 from H2O). For every 10 litres of petrol, the system uses 20 litres of H2O to […]

U.S. Senators Forge Compromise Gulf Drilling Bill

An oil drilling compromise proposed by Florida’s two senators represents the first bipartisan agreement in recent history to end the state’s historic hard-line stance against new drilling in the eastern Gulf of Mexico. The proposal would allow some drilling in disputed areas of the eastern Gulf. rigzone

Lighter on the environment

Sometimes solutions to large problems can be fairly simple. Take the energy problem. Solutions focus on redesigning the automobile, boosting the use of nuclear and other clean energy and so on. But we could make a simpler start, says Matt Prescott, a British environmental scientist. He wants a complete ban on the traditional light bulb. […]

Oil Companies, Experts Discuss Alternative Energy Development

Around 1,800 oil and gas company executives, government energy ministers and other players in the world energy sector have gathered in Houston for the annual Cambridge Energy Research Associates (CERA) conference, known as CERAWeek. This year’s meeting will have a special emphasis on developing new sources of energy. The theme for this year’s conference is […]

A123Systems Accelerate Development for Hybrids

A123Systems, developer of a new generation of Lithium-ion batteries (earlier post), announced it has completed its third round of private equity funding totaling $30 million. The current round of financing brings total investment in the company to $62 Million since its founding. The batteries, based on proprietary nanoscale electrode technology built on research at Massachusetts […]

Toshiba set to purchase energy unit

Making a big bet on the future of the nuclear power industry, Toshiba, the Japanese company best known for making electronics, announced on Monday that it had agreed to buy Westinghouse Electric, the atomic energy division of British Nuclear Fuels, for $5.4 billion. The purchase price is about three times higher than analysts had estimated […]

Rockies Gas Reserves May More Than Double by 2030

Energy research firm Wood Mackenzie said Monday it expects natural gas reserves in the Rocky Mountains to more than double to 130 trillion cubic feet by 2030. The region’s reserves totaled 57.5 tcf at the end of 2004, the Edinburgh-based firm said in a report.Schlumberger

ExxonMobil Sees 50% Increase in Energy Demand

Scott Nauman, ExxonMobil’s corporate planning manager, highlighted that his company expects an increase of about 50 percent in global energy demand, reaching close to 335 million barrels per day by the year 2030. menafn

World’s Largest Solar Photovoltaic Project to be Built in Nevada

Powered by Renewables (PBR) of Nevada http://www.pbrcorp.com, announced today it will partner with SunEdison of Maryland to develop the world’s largest solar photovoltaic (PV) project in Nevada. The 18 megawatt (MW) project almost doubles what is currently the world’s largest PV project (10MW) located in Germany. PBR and SunEdison will develop a total of 36 […]

Bush wants new fuels, but cuts energy-saving program

While President George W Bush kept his promise to put more money in his proposed 2007 budget for research to develop alternative energy sources, the administration also wants to cut a government program proven to save energy. newkerala

Annan urges action on climate change

As he accepted a top global award in Dubai for his work with the environment, Secretary-General Kofi Annan urged world leaders to use the United Nations-backed Kyoto Protocol to move on climate change and called for governments, businesses and citizens to adopt a new mindset on energy resources. oneworld

North Sea production slump casts doubt on government figures

A marked downturn in North Sea oil production means that the UK will become a net importer of oil at least three years earlier than the government anticipates, according to new figures from the Royal Bank of Scotland. Even the contribution from the Buzzard field The Department of Trade & Industry is sticking to its […]

Bush Mideast oil talk won’t spur OPEC to invest: IEA

LONDON (Reuters) – U.S. President George W. Bush’s goal to cut dependency on Middle East oil won’t help persuade OPEC to spend the huge amounts of cash needed to meet future oil demand, the head of the West’s energy watchdog said on Monday. In his State of the Union address last Tuesday, Bush said America […]

Island Economics

With the Iranian Oil Bourse set to open in a month, there has been a lot of discussion about its meaning and consequences. A reasonable person might ask, The Three-hour Tour: As you might expect, the currency of Gilligan

Chavez Threatens to Jail Diplomats, Shut Refineries

Venezuelan President Hugo Chavez threatened to jail diplomats and close refineries belonging to the U.S. unit of the state oil company in an escalating war of words with the President George W. Bush. U.S. diplomats continue to engage in espionage in his country, Chavez told hundreds of thousands of supporters today during a government rally […]

Could we get by without new power?

If most of us lived like Dave Braden, could Ontario get by without $40 billion worth of new nuclear power plants? Would the lights still glow brightly in Toronto if we didn’t erect a generating station on the eastern waterfront? Braden is a beef farmer, small-scale developer and municipal politician who builds energy-efficient houses. His […]

Farmers try to limit pain of high fuel prices

Choosing crops is first step in search for profit VOLIN, S.D. – Like probably every farmer, Reid Jensen has a pen. It’s as necessary as the tractor, the shiny new 24-row planter and any other piece of equipment with which the president of the South Dakota Corn Growers Association farms 1,800 acres near here. Figures […]

Consuming the future

Our consumerist culture is unsustainable and the world must find alternative ways, says Robert Newman. There is no meaningful response to climate change without massive social change. A cap on this and a quota on the other won’t do it. Tinker at the edges as we may, we cannot sustain earth’s life-support systems within the […]

Gas bills throw cold water on way of life

My house is a walk-in freezer, so bundle up NORTH CAROLINA – Over the recent holidays, nobody enjoyed roasting their chestnuts on an open fire more than I did. But it turns out those were expensive nuts. You see, I have a gas fireplace. I recently received my holiday natural gas bill. Those two wicked […]

Natural gas plays critical role in reservoir pressure

Loss of reservoir energy can result in thickening as some oil changing from liquid to gas As the Alaska Oil and Gas Conservation Commission approaches a decision on how much production to allow for a natural gas pipeline from the Prudhoe Bay oil field, the commission’s Cathy Foerster explained reservoir issues at stake in a […]

Preparing for life after fossil fuels

Does Australia’s fledgling biofuels industry have a future? IN A double garage in suburban Liverpool, 200 litres of used cooking oil is bubbling away in an old water heater, emitting the pungent odour of fish and chips. Carefully tending this sticky golden brew is Wayne, 46, an engineer and biodiesel enthusiast. “When I make a […]

Iraq plans tenfold rise in fuel prices in 2006

BAGHDAD – Iraq will gradually increase state-controlled domestic fuel prices tenfold in 2006 to meet International Monetary Fund demands, an Iraq official said on Monday. The move is likely to spark public protests. Iraq already increased prices by 200 percent in December, igniting protests and creating a rift between the oil ministry and the government […]

Study: High Fuel Prices Aren’t Freaking Out Consumers

TUSTIN, Calif. At the same time, the survey found growing interest in alternative fuels. About one in 10 drivers surveyed said they’d consider hybrid power when they replace their current vehicle. Three-quarters of those surveyed said manufacturers should produce more vehicles that can run on ethanol. But only about 40 percent said they’d be willing […]

Petrocollapse and Food Security

Jan Lundberg, oil industry analyst, founder of Auto-Free Times and www.culturechange.org came to Los Angeles last weekend to speak on the issues surrounding peak oil. I attended the Sunday afternoon talk on Despite his gloomy message of petrocollapse, Jan opened with an upbeat song called

Citigroup raises 2006 oil futures forecast

Investment bank sees average price at $60 a barrel, up from $51, on lack of spare production and supply woes. SINGAPORE (Reuters) – Investment bank Citigroup hiked its forecast for U.S. oil futures prices this year to $60 a barrel, up from an estimate of $51 previously, citing a lack of spare production capacity and […]

Chavez Bloc Races with Oil Cartel to Grid the Continent

As the left-populist Evo Morales takes office in Bolivia, a clear anti-imperialist bloc is consolidating in South America, led by Venezulea’s Hugo Chavez and also including Brazil, Argentina, Uruguay and potentially Chile. Days before Morales was inaugurated Jan. 22, Chavez and other regional leaders met in Brasilia to announce ambitious plans for new gas and […]

Middle East Electricity 2006 opens in Dubai

Officially opened at Dubai International Exhibition Centre on Sunday February 5th by HE Mohammad Bin Dha’en Al Hamili, UAE Minister of Energy, Middle East Electricity 2006 is the largest and most significant showcase of products and services for the energy industry ever staged in the Middle East and North Africa.‘The scope and variety of the […]

First U.S.-Cuba Energy Summit declared success

The first U.S.-Cuba Energy Summit in Mexico City was a complete success despite pressure from Washington, the organizer told Xinhua on Sunday. “The door to Cuba is now open” for U.S. companies to invest in Cuban energy companies, declared Kirby Jones, president of the U.S.-Cuba Trade Association. .. Juan Fleites, vice-president of Cuba Petroleo, told […]

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