Gas-to-Liquids (GTL)

Sometimes you hear GTL referred to as Synfuel or FT-diesel. The process used to turn gas to liquid stems from a process called Fischer-Tropsch that synthesizes a gas vapor to form a diesel fuel, hence the term synthetic fuel, or Synfuel. One scenario put forth by the World Energy Congress is that by the year […]

Demand will continue to fuel CPO prices

Although there is a record stockpile of 1.6 million tonnes in the country now, Malaysia’s crude palm oil (CPO) prices are expected to ride firm until 2007 on the back of new global biodiesel demand. Golden Hope Plantations Bhd group chief executive Datuk Sabri Ahmad said the anticipated global demand for palm oil in the […]

Venezuela pushes ties with Africa

Venezuela is launching a big diplomatic offensive to build closer ties with the African continent. The government wants to open more diplomatic missions in Africa and invest in oil operations there… Foreign Minister for African Affairs Reinaldo Bolivar said his country’s state-owned oil company PDVSA was studying the possibility of entering oil exploration partnerships with […]

Niger Delta Rejects Proposal on Oil Revenue

Communities in Nigeria’s troubled Niger Delta have rejected a proposal to increase their share of the oil revenue. The proposal is part of key amendments to the Nigerian constitution put forward by a parliamentary group. Niger Delta communities are insisting on a minimum share of 25 percent of oil revenue instead of the 18 percent […]

Is Oil Set to Surge Once More?

On the demand side things simply will not calm down. U.S. gasoline demand keeps going up. Last month saw a rise of 1.1% year on year to over 9.1 million barrels a day. Gasoline futures contracts went up 23 cents in one week. The current U.S. pump price is edging back up at $2.36. Other […]

Asian powers’ thirst for oil threatens to scupper US efforts to isolate Iran

US efforts to isolate Iran over its nuclear ambitions are colliding with the energy concerns of Asia’s economic powers, testing Washington’s ability to form a diplomatic coalition and its influence on oil and gas markets. Officials tell the FT that the US is looking at “creative” ways of addressing the energy worries of China, Japan […]

Oil demand helps to fuel sugar boom

Two years ago sugar prices hit rock bottom, but over the past six months prices have soared and cane land has doubled in price. When canegrower Allan Parker, from Ayr in north Queensland’s Burdekin Valley, spoke to The Australian in April 2004 he was sitting on his veranda, watching the unprecedented sight of his neighbour […]

Angola development bank aims to ease oil dependence

Angola has set up a new development bank to boost funding for small and medium-sized enterprises in a bid to lessen the country’s reliance on its huge oil sector, officials said on Friday. The new Development Bank of Angola (BDA) is a key part of plans to speed the country’s reconstruction. Despite being sub-Saharan Africa’s […]

Big oil firms struggle to find new reserves

Big U.S. oil firms more than matched the oil and gas they pumped last year with new finds, while European rivals failed to do so, but the underlying performance of both reinforced fears the industry is short of attractive exploration opportunities. U.S. oil firms mainly relied on acquisitions to achieve large reserves additions in 2005, […]

US Envoy: Barents Border Dispute An Energy Security Issue

Norway should resolve its decades-old Barents Sea border dispute with Russia as it’s a security of supply issue for the U.S., the new U.S. ambassador told Dow Jones Newswires late Thursday. Disagreement between Moscow and Oslo about how to demarcate the border stretching into the Arctic sea has made the 173,000-square-kilometer disputed area – estimated […]

Canada Gas Supply Maturing; Output Set to Decline

Western Canada’s natural gas production is maturing, and maintaining output rates will only get more difficult. While the region is home to significant gas reserves, they’re getting harder to find as fields run out, and an increasing numbers of wells need to be drilled to keep current output steady. That’s a worrying sign for other […]

OPEC Cuts 06 World Oil Demand Growth By 110,000 B/D

Citing lower consumption in the U.S. and Asia, the Organization of Petroleum Exporting Countries Friday trimmed its forecast for global oil demand growth in 2006 by 110,000 barrels a day. “Global oil demand growth for the present year has been revised down to account for a persistent year-on-year contraction in U.S. demand during January and […]

OPEC Warns of Russian Oil Export Slowdown

A recently filed lawsuit against Yukos, once one of RussiaFinancial Times

Retired Oil Executive Forecasts Dark Future

A self-described “old oil man” offered Colorado State University-Pueblo students some straight talk on the global gasoline industry Thursday night. Dick Stegemeier, 78, a retired chief executive of Unocal, said people searching today’s newspaper headlines for solutions to the world’s growing dependence on oil for gasoline – and, for that matter, natural gas – aren’t […]

An energy boom in Silt, Colo., for better and worse

SILT, COLO. “The sight, sound, noise, and odor pollution will last for 20 to 40 years,” says Mrs. Moore. “When we moved from Mead [Colo.] to here we got more land and we thought we’d sell this place later and retire…. How are we going to sell the place with no water?” Unlike some buyers, […]

Kuwaiti oil plan stirs nationalist fervor

Declining reserves are forcing the country that nationalized oil 34 years ago to weigh foreign help. KUWAIT CITY Now with some of the country’s most precious oil fields quickly becoming exhausted, Kuwait is considering throwing open the doors and handing over power – albeit limited – to foreign oil companies that have the technical know-how […]

Rising Gas Prices Fuel Frustrations

You’ve probably noticed gas prices have inched up again. They’re now at their highest point since November. By now, most people have accepted the fact they have to pay two-something for a gallon of gas. But as prices slowly climb toward the $3 mark again, many drivers are starting to get fed-up.

BP urged to split in two as power of oil majors comes under scrutiny

BP’s image, tarnished by the Texas City refinery fire, has been further damaged in the United States in recent weeks by the worst-ever oil spill in Alaska’s environmentally sensitive Prudhoe Bay. The oil group has already unbundled and sold its Innovene chemicals arm amid growing public disquiet about the power of multinationals but Cazenove said […]

The U.S. – Venezuela energy showdown

The developing global energy crisis has at least three main aspects that should be considered: one is psychological, the second is geological and the third is technological. The psychological component. This is probably the most important in the very short term and the one that could lead to widespread conflict, including war. It has to […]

Charges little use without public transport

Congestion charges little use without public transportation NEW ZEALAND – The release of the Auckland Road Pricing Evaluation Study today has once again highlighted the need for a high quality public transport system in Auckland, Green Party Associate Transport Spokesperson Keith Locke says. The Ministry of Transport study explored a number of road pricing options […]

Energy Conservation Moving Up Pentagon’s Agenda

DID has covered contracts that begin to illustrate the US military’s massive requirement for fuel, and also noted measures like wind power installations, the US Navy’s alternative energy projects, R&D efforts like camouflage solar structure surfaces from Konarka, Solar Integrated, et. al., the installation of fuel cells, and more. And how about this solar parking […]

NYC Peak Oil Meet-Up Group Ventures Beyond City Life

In October of 2005 NYC Peak Oil Meet-Up took a wilderness survival course at Stone Ridge in Clarksville, NY, instructed by Barb Stone. The skills taught included starting a fire without matches, shelter building in the woods, and avoiding hypothermia. Much of what we learned, and then some, is echoed by Dale Allen Pfeiffer in […]

Energy Analysts Predict an Imminent Global Energy Crisis

DUBLIN, Ireland – Research and Markets (http://www.researchandmarkets.com/reports/c34480) has announced the addition of The Changing World of Oil: An Analysis of Corporate Change and Adaptation to their offering. Energy analysts predict an imminent global energy crisis with the rapid industrialization of countries such as China and India. World oil demand has soared while geo-political tensions and […]

The Heart and Despair of Peak Oil

Getting to the heart of Peak Oil Peak energy turns this understanding on its head. For if any given individual takes the time to understand the ideas of depletion and limits to growth and grasp their implications, they will arrive at an unsettling realization: everything they believed would occur was just an illusion or a […]

Can We Avoid Future Energy Shortages?

As I worked in London on a cold afternoon late February, enjoying an unplanned local power cut and drafting this editorial by candlelight, I had to wonder: Could we soon be facing serious and devastating energy shortages? In countries with large, energy-dependent economies, both developed and developing, people are more and more waking up to […]

Indonesia set to pip Malaysia as largest palm oil producer

Indonesia is all set to overtake Malaysia as the world’s largest producer of palm kernel and palm oil. In the current year, Malaysia palm oil production is expected to drop to 14.8 million tonne, while Indonesian production is expected to reach 15 million tonne, exceeding Malaysia for the first time in history. Palm kernel production […]

China to Boost Oil Refinery Capacity

China plans to increase its refining capacity by about one-third by 2010 as it races to keep up with surging demand for oil and refined products, the government says. ..Meanwhile, oil producer PetroChina said it is stepping up exploration of both onshore and offshore oil fields and expects “major breakthroughs” in the next few years, […]

The Trade Deficit’s Deep Bite

A shift from an income surplus of $30 billion to the income deficit of the $10 billion or so some economists project for 2006 isn’t much help if you’re trying to balance an annual current account deficit north of $800 billion. But it becomes positively devastating if you add this trend to other trends now […]

Analysts Skeptical of Claims of a Large Mexican Oil Find

Analysts say they are skeptical of news this week from the Mexican state oil monopoly that exploratory drilling in the deep waters of the Gulf of Mexico shows signs of a giant new oil field. PetrNew York Times

Big declines in gasoline and natural gas help to slow U.S. inflation

Inflation in the United States slowed sharply in February as food costs moderated and the price of gasoline, natural gas and other energy products posted big declines. canada

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