Saudi oil minister says Haradh field to add 300,000 barrels a day

VIENNA (MarketWatch) — Saudi Arabia’s Oil Minister Ali Naimi told reporters Wednesday that he expects the kingdom’s Haradh oil field “production to be at 300,000 barrels a day by April 1.” Naimi added that ConocoPhillips (COP) had submitted the best bid for its 400,000 b/d Yanbu refinery and Total SA (TOT) has entered the best […]

Exxon to Boost Spending Almost $2B by 2010

NEW YORK – Exxon Mobil Corp. forecast Wednesday that its spending on oil and gas drilling, refining and chemicals manufacturing would rise from about $18 billion now to almost $20 billion a year between 2007 and 2010. The world’s largest publicly traded oil company said in a presentation prepared for Wall Street analysts that roughly […]

OPEC agrees to keep taps open to cool oil prices

VIENNA (Reuters) – OPEC said on Wednesday it will keep oil output close to the limit to bring prices within consumers’ comfort zone and fill supply gaps, but a threat by Iran to review its oil exports cast a shadow. Iran issued its warning at the United Nations’ International Atomic Energy Agency even as the […]

CHINA ENERGY WATCH:Long-Term Power Demand Underestimated

Despite the massive buildup in energy production underway or planned in China, the country may have seriously under-estimated its power demand in the long run. Until fairly recently, the astonishing levels of GDP growth seen in China had by far outpaced the buildup in domestic energy supplies, and energy use. But since 2002, the situation […]

EU leaders urged to protect energy supplies

European Union leaders will on Wednesday be urged to back measures to improve energy security, including building an emergency gas stockpile, a new strategy for dealing with Russia and creating an energy regulator. JosFinancial Times

Driving energy efficiency, Intel unveils core micro-architecture

In an effort to deliver better performance clubbed with less energy consumption, global chip manufacturing major Intel has unveiled its core micro-architecture at the ongoing Intel Developer Forum at San Fransisco. “This core micro-architecture is low-power, high-performance and highly-scalable, which can be used across desktop, mobile and server platforms. This is our foundation of delivering […]

Navy bases worldwide taking steps to save energy

If the parking lots are darker and the offices cooler, it’s because Navy bases worldwide are adhering to calls for more energy conservation. The Navy Installations Command has directed all shore bases to save energy through what is called the Utilities Common Output Level, officials said. Among differences sailors will see and feel are changes […]

Japan rejects new Chinese proposal on joint energy projects

Japan has rejected a new Chinese proposal for joint energy projects in disputed gas-rich waters, the top government spokesman said. ‘China made a proposal to jointly develop two areas in the north and south of the East China Sea. This proposal is something we cannot accept,’ Chief Cabinet Secretary Shinzo Abe told a news conference. […]

Global wind energy capacity seen tripling by 2014

The global wind energy industry is expected to enjoy continued strong growth in coming years with total installed capacity seen more than tripling from current levels by 2014, an industry survey showed on Tuesday. Over the next eight years, international installed capacity is expected to increase to about 210,000 megawatts from today’s installed total of […]

Indonesia, Japan to promote biomass energy projects

Japan and Indonesia are joining forces to encourage the use of biomass energy and lessen their dependency on oil, which is becoming limited and expensive, a local newspaper reported Wednesday. Japan, facing obstacles in developing this energy due to the high cost of basic commodities, believes that the Indonesian climate and soil are very suited […]

New green plan for oil recovery

Oil giant Shell and Norwegian state-owned energy company Statoil have agreed a joint project to use carbon dioxide for recovering oil offshore. The scheme involves capturing carbon dioxide from power generation and using it to enhance oil recovery, which gives increased energy production with a lower carbon dioxide impact. The different elements of the project […]

M. King Hubbert’s Lower 48 Prediction Revisited

Using the HL technique, Dr. Deffeyes, an associate of Dr. Hubbert, predicted that the world crossed the mathematical 50% of Qt mark on December 16, 2005. In other words, Dr. Deffeyes believes that the world is now where the Lower 48 was at in the early Seventies. Given this prediction, we wondered how accurate has […]

Ecuador Calls State of Emergency After Oil Strike

Ecuador declared a state of emergency in three provinces on Tuesday after a strike by 4,000 contracted workers cut output at state oil firm Petroecuador and the company warned it could halt full production by Wednesday. Petroecuador production was down 34 percent to 132,000 barrels per day after contract workers in two Amazon provinces put […]

Reich: U.S. Headed for ‘Day of Reckoning’

The United States is headed for a “day of reckoning” as oil prices and the budget deficit remain high, consumers keep spending and not saving, wages remain stagnant, housing prices rise and the working population ages, warned Robert Reich, former Department of Labor secretary in the Clinton administration. “The American economy is going to have […]

Singapore to join Kyoto Protocol

Singapore has committed itself to becoming a party to the Kyoto Protocol climate treaty by the end of this year. Delivering the good news in Parliament yesterday was a beaming Environment and Water Resources Minister Yaacob Ibrahim, who said this was in line with Singapore’s intention to participate in the international debates on managing greenhouse […]

Prudhoe Bay restart on hold for oil spill cleanup

ANCHORAGE, Alaska, March 7 (Reuters) – A return to full production at the biggest U.S. oil field after a major spill will take a back seat to Alaska’s cleanup and emergency response efforts, state environmental officials said on Tuesday. A large crude oil spill forced the shutdown of about 100,000 barrels of daily production at […]

UK and Brazil Launch Working Group on Climate Change

UK Environment Secretary Margaret Beckett and Brazilian Foreign Minister Celso Amorim today signed a joint statement establishing the UK-Brazil High-Level Dialogue on Sustainable Development and a Working Group on Climate Change. The signing, which took place in London as part of Brazilian President Lulagreencarcongress

Energy minister says Alberta has enough oil to last for centuries

Alberta has enough oil in its tarsands region to last for hundreds of years, says Energy Minister Greg Melchin. Albertans and Canadians shouldn’t be concerned about Americans draining oil to meet a growing thirst for energy in the United States, the minister said Tuesday. “We have centuries of supplies,” Melchin said. “And our policies are […]

Railroads experiencing a renaissance

After years of retrenchment, railroads across North America are reporting record profit and rolling forward with huge expansion projects of the kind that haven’t been seen in decades. …. Railroads are gaining ground on the rival trucking industry, which has been suffering from sharply higher diesel fuel costs and a shortage of long-haul drivers. But […]

Energy Crisis Remedy Unveiled

Putting new nuclear power stations at the heart of the UK energy strategy will lead to higher carbon emissions, more reliance on gas and be more expensive when compared to producing energy locally, according to a report released today by Greenpeace. The report, called Decentralising UK Energy, concludes that ‘decentralising’ power – generating heat and […]

We won’t let Iran go nuclear, warns Cheney

The Bush administration yesterday forced Russia to abandon a compromise proposal over Iran’s nuclear programme as it stepped up the pressure on Teheran. In the most hawkish rhetoric from a senior US official in months, the vice-president, Dick Cheney, said Iran would not be allowed to have nuclear weapons and hinted at the use of […]

Battery power as good as gas?

Imagine the day when cellphones charge up in seconds, laptop batteries never degrade, and electric cars have the same power, driving range and purchase price as their gas-powered cousins. Such a battery thestar

Europe’s energy challenge

Europe is entering a new energy landscape. Gas and oil prices have nearly doubled in the last two years. Europe’s import dependency is forecast to rise to 70 percent by 2030, as our hydrocarbon reserves dwindle and demand rises, with implications for our energy security. Our infrastructure must improve; one trillion euros are needed over […]

Bollor

The Bollorgreencarcongress

EU backs increased use of synthetic fuels

The European commission is backing the development and increased use of synthetic fuels as part of an integrated approach to future energy supplies. Addressing leading automotive manufacturers and fuel companies in Brussels on Tuesday, EU industry chief, Gunter Verheugen said synthetic fuels needed to quickly break into the EU’s fuel markets. “I hope to see […]

Senate Committee Hears Testimony on Approaches to

The US Senate Committee on Energy and Natural Resources held a hearing on US Energy Independence today, with testimony from four witnesses: Amory Lovins, CEO of Rocky Mountain Institute; R. James Woolsey; Susan Cischke, Ford vice president of environmental and safety engineering; and Frank Verrastro, Director and Senior Fellow of the Energy Program at the […]

Consortium Developing Carbon-Fiber Composites from Renewables

Researchers at the Department of Energygreencarcongress

Hydrogen Accumulation

The hydrogen storage devices developed and patented by the scientists of the Academy of Advanced Technologies (Moscow) break all records. These are hydrogen accumulators based on microporous structures, first of all – microspheres and capillaries. Despite seeming elegance and fragility of its fuelcellsworks

Lax Oversight Blamed for High Gas Prices

WASHINGTON – Too little oversight of financial markets The officials

Ford Asks US Congress, Oil Companies to Help Advance E-85

Ford Motor Co. (F) Tuesday called on U.S. lawmakers and oil companies to help advance development of E-85 fueling stations as part of an effort to reduce the country’s dependence on foreign oil. Speaking before a U.S. Senate energy panel on the issue of U.S. energy independence, Sue Cischke, Ford’s vice president of Environmental and […]

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