Shell to invest billions in Sachalin

MOSCOW – Shell expects to invest up to 20 billion (10^9) US Dollars in the Russian peninsula of Sachalin. 6 to 7 billion will be financed externally through loans. The Dutch-English oil company is negotiating with several financial institutions. For the winning of oil and gas along the coast of Sachalin, 20 billion Dollars of […]

Ethanol plants see growth bloom

The nation’s growing thirst for ethanol is leading to a miniboom in plant construction Thirty-three ethanol plants are under construction, and another eight of the 95 plants in operation are being expanded, the Renewable Fuels Association reports. About half the new construction began in the year since President Bush signed an energy bill that encourages […]

Uranium May Lead Rally in Metals on Nuclear Revival

Nuclear energy’s revival can best be seen in uranium, which outperformed the metals markets in 2005 and may do so again this year. Uranium is poised to climb 27 percent to $50 a pound in the next six months because “there’s not a lot of uranium available,” said Jean-Francois Tardif, who put 8.4 percent of […]

UK – Gas shortage sends prices soaring to new record

UK natural gas prices hit a new record on Monday, as supply troubles forced National Grid to issue an alert asking industrial users to curb their usage. The wholesale price of gas deliverable today quadrupled to as much as 255 pence a therm due to supply fears. Gas supplies are tight at the moment because […]

Peak Oil Is Closing In

Heard of peak oil? It’s the name given to a prediction that the world’s oil production will reach a peak, and then rapidly decline; and that the actual peak year will only be known after it has passed. And the theory had last week’s biennial New Zealand Petroleum Conference all abuzz, as Rob Maetzig reports. […]

Saudi Arabia: The Sands Run Out

Last monthLe Monde diplomatique

Kazakh Jan-Feb Oil Output 9.71m Tons, -3.6% on Yr

Kazakhstan’s oil and gaseous condensate production in January and February was 9.71 million metric tons, or the equivalent of around 1.18 million barrels a day, the State Statistics Agency said Monday. It noted that this was down 3.6% from the corresponding period a year earlier. Exports of oil, for which data are only yet available […]

The Oil Drum: Will Canada Fuel Fortress America?

Many cornucopians see Canada as the savior of America’s bacon because of the tar sands, especially those of Athabasca. Will Canada complacently allow the US to pillage her resources as energy supplies become more scarce? Further, will she become discontented enough with that idea to cause a political rift between Canada and the US when […]

No negotiations taking place for hostages’ release – Militants

LAGOS, NIGERIA – Nigerian militants holding three foreign oil workers said on Sunday there had been no negotiations for the release of the abducted workers, despite government`s claims that discussions of their release was underway. “The hostages are going nowhere. There have been no meetings so far between the government and our appointed intermediary,” militants […]

Zimbabwe : More arrests expected in the fuel scam

MORE people are likely to be arrested soon as police widen investigations into a fuel scam that has seen the arrest of two Manicaland politicians, chief police spokesman, Assistant Commissioner Wayne Bvudzijena said yesterday. He said all people found to have abused special fuel facilities will be brought to book. Scores of people are alleged […]

Ecuador oil workers agree to return to work after strike

Oil workers in the Ecuadorean Amazon whose six-day strike caused a sharp drop in oil production and millions of dollars in losses agreed Sunday to return to work, an official said. Strikers and government officials agreed that workers from companies contracted by state-run Petroecuador will be paid their back wages, Ecuadorean Undersecretary of State Felipe […]

Keep fuel secure

With energy costs rising there’s never been more emphasis on making sure stocks of liquid fuel such as diesel are used efficiently and stored securely. And it is the latter that’s likely to cause most producers a headache. Farm diesel and heating oil tanks are prime targets for petty theft and these have also become […]

Energy mythology and its reality

Energy security, climate change, peak oil and industry profits are hot topics and the subject of popular myths. Leading the list of popular mythology is the recent film “Syriana,” which, according to BP CEO Lord John Browne, may have earned Oscar nominations but wouldn’t earn a nomination for absolute truth. Speaking Feb. 15 at International […]

The End Of Civilization

…Unfortunately, what we didn The 1980s was a decade in which previously accumulated wealth was systematically extracted, mainly through the mechanism of

Nuclear industry buffing its image

TV ad blitz Quebec’s Gentilly II on its last legs CANADA – The television ads are striking. A cloudy sky gradually clearing to blue, the word “unclear” unscrambling to “nuclear” then “clean” and “breathe” and “please.” A woman’s voice tells you nuclear power is reliable, affordable and “best of all, keeps the air clean, so […]

Deora advocates ten-fold hike in fuel subsidy

NEW DELHI, INDIA – Petroleum Minister Murli Deora, today made a case for a ten-fold hike in subsidy on LPG (cooking gas) and kerosene on the lines of the assistance provided to food and fertilizer sectors. At a meeting with Prime Minister Manmohan Singh, Finance Minister P Chidambaram, and PM’s Economic Advisory Council Chairman C […]

Saudi Aramco finds new gas field

RIYADH, Saudi Arabia, March 13 (UPI) — Saudi Aramco announced it has discovered a new natural gas field in the Eastern Province that could produce 50 million cubic feet per day. The discovery is located in the Midrikah-3 well, 17 miles south of the Ghawar Field and 150 miles southeast of Riyadh, according to a […]

Add to Bush’s follies the rape of his own country

Eastern Kentucky is a long way from Britain. What do we care if another million acres of the Appalachian mountain range are lost to strip mining? If the habitat of the flying squirrel and the cerulean warbler is blown up and bulldozed? If one of the oldest temperate forests in the world with some 80 […]

Air Force committed to energy-efficient strategies

The U.S. Air Force continues its pledge to be a leader in energy stewardship. For the last six months, the Air Force has been working on a strategy to have energy as a consideration in nearly all of its activities, from operations to acquisition. The Air Force is increasing efforts to reduce the demand for […]

Power struggle over miniature wind turbines

David Cameron wants one; Malcolm Wicks, the energy minister, has applied for one and this week there is a full-scale Commons row about miniature wind turbines, among other forms of do-it-yourself energy generation. It may not have been Tony Blair’s intention when he set up an energy review to ask whether Britain needs more nuclear […]

Russian energy divides opinions in Finland

Finnish industrial giants Outokumpu, Stora Enso and M-real have written jointly to the ministry of trade and industry to speed up the construction of an energy cable from Russia, the Helsingin Sanomat newspaper reports in its Saturday issue. The planned project involves an energy cable running at the bottom of the Gulf of Finland from […]

”Iran’s Nuclear Plans Complicate China’s Energy Security”

In Iran, China intends to become involved in everything from exploration, drilling and pipelines in order to meet its own increasing energy needs. Collaboration extends beyond energy, as there are presently more than 100 Chinese companies working in Iran in sectors such as dam and shipbuilding, steel production and development of seaports and airports. The […]

Solarworld, Alternative-Energy Shares May Drop as Oil Declines

Crude’s 16 percent drop from its 2006 high could foretell further declines, reducing demand for renewable-energy equipment such as solar-power cells from Germany’s Solarworld AG and wind turbine generators from India’s Suzlon Energy Ltd. Their shares soared when oil rose 40 percent in 2005. “There are cycles to oil prices that directly influence renewables,” said […]

The first element

Humboldt State University’s Schatz Energy Research Center wants to take that gas — half of it is methane, a potent greenhouse gas — and make it into electricity, heat and hydrogen fuel. What started as an Evolution Energy Systems student project earned accolades from the National Hydrogen Association, and has won face time with Chevron […]

US Army: Peak Oil and the Army’s future

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People must work together to solve energy crisis

Well, the truth is that we can point fingers, and there certainly is enough blame to go around – industry, the federal government, science, radical environmental groups and the list goes on and on – but the bottom line of blame goes to sidneyherald

Study Previews Ice Sheet Melting, Rapid Climate Change

The behavior of a massive ice sheet that existed in northern Europe at the end of the last Ice Age has been outlined for the first time, and researchers believe it may provide a sneak preview of how major ice sheets in Greenland and Antarctica will act in the face of global warming. The study, […]

Suppliers of solar panels can’t keep up with demand for cheaper energy

Solar energy has become so hot that suppliers of the main component in solar panels can’t keep up with demand. Homeowners, businesses and organizations such as Ojai’s Camp Ramah in California, are covering their roofs with silicon solar panels, while Shell Solar is selling its silicon-based solar business, including a Camarillo plant, to seek alternatives. […]

Top 10 firms profiting from Iraq [UK]

1. AMEC independent

Schweitzer: Oil, gas, coal key to E. Montana’s future

In a broad sweep of topics, Gov. Brian Schweitzer on Friday emphasized his desire to bring economic development to Eastern Montana by developing its energy resources. He said he expects the petroleum industry to play a big part in that development and challenged its members to help get the investment necessary to start it. “It […]

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