The New Middle East Oil Bonanza

Beyond the Dubai Ports deal: Where all those billions are going. If the Burj Dubai development isn’t the biggest project in the world, it must be close. At night under floodlights thousands of mostly Asian workers in hard hats swarm over a 500-acre building site in the heart of Dubai, the Persian Gulf emirate that […]

Peak oil threatens the airline industry

…Then there’s fuel. In this column a week ago, in what could prove to be as gross an understatement as could have been made, fuel was deemed the “wild card” among the industry’s competitive variables. For anyone with a vested interest in the airline biz — and that includes the frequent traveler — the more […]

NY Times: The end of oil

When President Bush declared in his 2006 State of the Union address that America must cure its “addiction to oil,” he framed his case largely in terms of national security The second reason is just as unsettling, and is only starting to get the attention it deserves. The Age of Oil

Focus: OPEC Policy Seen Steady, Helped by Nigeria, Iraq

The Organization of Petroleum Exporting Countries is unlikely to stray far from its policy of pumping crude volumes near a 25-year high when it meets Wednesday, given high prices and turmoil among some of its leading producers… OPEC is also aware that a historically low level of spare oil output capacity leaves no room for […]

Analysis: India’s energy security quest

India is poised to buy new oil assets overseas to meet its long-cherished energy security dream, Indian energy experts said Thursday. As domestic oil production is declining alarmingly, India is aiming to try all available options. “India is looking for opportunities to acquire new oilfields abroad because its domestic oil and gas production have increasingly […]

Energy consumers looking to switch

Record numbers of people are looking to switch energy suppliers in the face of escalating bills, Tesco.com has claimed. The group said more people had visited its Home Energy Selector price comparison website during the past few days than during the whole of the last three months.Scotsman

Profits fall in Thailand on oil costs

Corporate profits in Thailand dropped in the fourth quarter as crude oil prices pushed up costs at companies like Thai Airways International and Aromatics (Thailand)… “You’ve seen a slowdown in the fourth quarter, and profit is down primarily on the energy costs,” said Thanawat Patchimkul, head of research at DBS Vickers Securities (Thailand). “It’s the […]

Itsekiri youths threaten oil firms

Warri — Itsekiri youths in Delta State have given oil companies operating in their domain a 21-day ultimatum to stop operations in the area, explaining that because of the alleged negligence of the area by the Federal Government irrespective of the oil being exploited in the area, they can no longer guarantee the safety of […]

Ganoderma threat to oil palm industry

I wish to refer to your report Malaysia to lose top palm oil status to Indonesia. The main reason cited in the report is that Indonesia has a vast virgin land mass suitable for oil palm plantations and huge areas have already been planted with oil palm trees in recent years, which are reaching maturity […]

Protesters pour trouble on Ecuador’s oil producers

When protesters in Ecuador’s eastern Amazon shut down the country’s two main oil pipelines, occupied a couple of pumping stations and kidnapped dozens of oil workers last month, many in the Andean country had a sense of dDespite efforts by successive governments to diversify the economy, South America’s second biggest exporter of crude to the […]

Japan ready to buy much oil from Russia – diplomat

Japan is ready to buy from Russia significant amounts of oil that will be transported to the Pacific coasts through the planned system Eastern Siberia-Pacific Ocean, a high-ranking Japanese diplomat told Itar-Tass on Friday. He said that this would allow Japan to substantially curtail dependence on deliveries from the Middle East, the proportion of which […]

Practical Fuel-Cell Vehicles

The future of fuel-cell vehicles is already happening in an unlikely proving ground: forklifts used in warehouses. Several manufacturers are testing forklifts powered by a combination of fuel cells and batteries — and finding that these hybrids perform far better than the lead-acid battery systems now typically used. In some situations, in fact, they could […]

Iran crisis deepens

The head of the world’s nuclear watchdog declared this week that he could not give Iran’s nuclear programme a clean bill of health, blaming Tehran for frustrating almost three years of inspections by experts from the International Atomic Energy Agency (IAEA). The damning verdict delivered by Mohamed ElBaradei, the head of the agency, set the […]

China To Massively Raise Oil Storage Capacity – Official

Driven by energy security concerns, China is penciling in at least two more phases in its current program to build up the nation’s petroleum reserve capacity. But no timeframe has yet been disclosed. “Our nation’s plan for the next five years is to massively increase oil reserve capacities,” an official at the National Development and […]

Climate Change Forecast Getting Worse

For the past 12 months, merchants of doom have enjoyed a permanent rush hour. At every turn, it seems, another eminent scientist is warning of looming disaster… But in recent months, a cascade of new scientific evidence on climate change has made even mainstream scientists increasingly concerned about what lies ahead.Stuff.co.nz

ACORE and New Energy Finance to Launch Bi-weekly Briefing

The American Council On Renewable Energy (ACORE) and New Energy Finance Limited today announced plans for a publication devoted to tracking investment activity in the US clean energy sector. According to New Energy Finance’s research, worldwide investment in renewables and clean-tech totaled $42 billion in 2005. With BP, GE, GM, Goldman Sachs, President Bush and […]

A warming climate for enhanced oil recovery

Now the storage of CO2 in underground geological formations is one of three measures being promoted to address global warming. The others are reduced energy consumption and using fuels that produce less CO2. Depleted oil and gas fields, unexploited coal seams and deep saline aquifers are all ideal for CO2 sequestration. Already there are projects […]

GlobalSantaFe Signs LOI to Build Ultra-Deepwater Semisub

GlobalSantaFe has entered into a letter of intent with a customer to provide a new ultra-deepwater, semisubmersible drilling rig under a seven-year agreement valued at approximately $1 billion. GlobalSantaFe has contracted Keppel FELS Ltd. to build the new rig, to be named the GSF Development Driller III, at its Singapore shipyard for delivery in early […]

Canadian Oil Sands Fever

It seems as if everybody wants a piece of the oil sands in Alberta, Canada. Chevron has just upped their involvement by leasing 180,000 acres of land in northern Alberta, which contain an estimated 7.5 billion bbl of oil. There’s an estimated 1.7 trillion barrels of crude bitumen (the technical term for the fossil fuel […]

Arizona Passes 15 Percent Renewable Energy Standard

Renewable energy technologies got a boost in an Arizona Corporation Commission vote this week. In a state known for its sunshine but not as well known for large, swiftly moving rivers and streams or large-scale geothermal opportunities, state regulators set high standards for renewable energy, hoping to capitalize on Arizona’s sunshine and other renewable energy […]

Antarctic Ice Sheet Losing Mass

A study by University of Colorado at Boulder researchers has determined that the Antarctic ice sheet, which harbors 90 percent of Earthgreencarcongress

GM sees hydrogen cars on market by 2010-2015

General Motors Corp. has made major steps in developing a commercially viable hydrogen-powered vehicle and expects it can get the emission-free cars into dealerships in the next four to nine years, a spokesman told AFP. GM also expects it will be able to “equal or better gas engines in terms of cost, durability and performance” […]

The Methanol Economy

The hydrogen economy — with its vision of gas-guzzling engines replaced by hydrogen fuel cells that produce water instead of smog and greenhouse gases — is a big mistake, according to George Olah, winner of the 1994 Nobel Prize in chemistry. Olah, whose research in the chemistry of hydrocarbons has led to high-octane fuels and […]

Going Solar One Better

The solar power industry is like a muscle car ready to bolt from the starting line. Demand is rising rapidly, and firms are going public faster than you can say whiplash. But one thing is holding the industry back: polysilicon. About 95% of solar panels require polysilicon, but newer technologies like “thin film” will slowly […]

Facing the Facts on Oil

Scientific American responds to Exxon’s ad Just under Glenn Zorpette’s nice op-ed article in today’s New York Times (see entry below) was a large ad-ed placed by ExxonMobil. Titled “Peak Oil? Contrary to the theory, oil production shows no sign of a peak,” the piece blows smoke at the growing consensus among serious petroleum geologists […]

BP: Oil Spill Shuts In 100,000 B/D Alaskan Crude Output

Oil and gas firm BP (BP) has shut in 100,000 barrels a day of crude production in Alaska, after an oil spill at a pipeline, the company said Thursday. The spill took place earlier Thursday at a BP-operated transit line on Alaska’s North Slope, between Gathering Center 2 and Pump Station 1 in Prudhoe Bay’s […]

OilCrash; Swiss movie

A 90minute documentary on the planet’s dwindling oil resources More and more geologists, politicians and experts in the oil industry worry that peak oil production will happen in this decade. Some even believe it is happening right now. In this compelling and highly entertaining documentary, OilCrash, Producers/Directors Basil Gelpke and Ray McCormack together with Reto […]

Hurricane Season Could Match ‘05: UN

This year’s hurricane season could match the record breaking destruction caused by storms in 2005, the United Nations warned. In 2005, an unprecedented 27 tropical storms, 15 of which became full-blown hurricanes, battered Central America and the U.S. Gulf coast, killing more than 3,000 people and causing tens of billions of dollars in damageReuters

Chevron to Spend Billions Boosting Oil-Sands Output

Chevron Corp., the second-largest U.S. oil company, said it will spend “billions” to lead the development of an oil-sands project in northern Alberta. Chevron, which owns 20 percent of an Alberta oil-sands development controlled by Royal Dutch Shell Plc, plans to build and operate a project capable of producing more than 100,000 barrels of oil […]

Venezuela: Citgo to Take Steps to Shun SEC

Venezuela will take steps to stop its U.S. subsidiary, Citgo Petroleum Corp., from having to file public financial reports with the U.S. Securities and Exchange Commission, the oil minister said Thursday. “As a state company, we cannot be subject to the legal obligations of foreign countries used to protect bondholders,” Oil Minister Rafael Ramirez told […]

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