Russia approves floating nuclear energy plant

Russia is to build the world’s first floating nuclear plant, designed to provide power for remote areas. Under a contract signed on Wednesday, the plant will be built at an Arctic site where atomic submarines are made. Work is expected to start next year on two nuclear reactors and the 144m platform for them, despite […]

Vietnam: 15.8% of energy lost

Power loss in Vietnam is so huge that if, over the next five years, the country can reduce loss by 1% per annum, a further 3.4 GWh will be available, equivalent to the production of a 500-600 MW power plant. Meanwhile, other sources of fossil energy sources like coal, crude oil, and gas will be […]

Firms ‘to waste

UK businesses will waste more than The Cost of Carbon report warns that soaring energy prices could damage the UK’s competitiveness and hamper efforts to cut the nation’s greenhouse gas emissions. Carbon Trust chief executive Tom Delay said: “The sheer scale of the energy wasted is staggering and something that businesses can no longer afford […]

Venezuelan Oil Output Down 30,000 BPD

eluniversal.com – Venezuelan oil production dropped 30,000 bpd, from 2.63 million barrels per day in April to 2.6 million bpd in May, said the International Energy Agency. Consequently, Venezuelan output is 620,000 bpd below the country’s production quota under the Organization of Petroleum Exporting Countries (OPEC).eluniversal.com

Science academies target G8 agenda

In a demonstration of how international negotiations should be done, 12 national science academies have issued two joint statements to the leaders of the G8 countries, who will meet at their annual summit in Russia next month. One endorses a reinvention of the world’s disease surveillance system; the other calls for a major expansion of […]

OPEC Exports Mostly Steady in 4Wks to Jul 1

Schlumberger – …Oil Movements said OPEC exports by sea are expected to be 24.81 million barrels a day to July 1 compared with 24.82 million b/d in the four weeks to June 3 and a revised 24.8 million b/d in the four weeks to June 24. However, total OPEC crude exported in the second quarter […]

A New Drilling Battle Begins

MSNBC.com – Future of offshore drilling debated with billions of dollars at stake More than a mile beneath the surface of the Gulf of Mexico lies a tract of sea floor that is bigger than New Jersey and that oil and gas companies believe holds a trove of natural gas and a measure of salvation […]

Fed Reserve Chair on Energy and the Economy

June 15, 2006 – In my remarks today, I would like to discuss the relationship between energy markets and the economy. As I am certain all of you are aware, the steep increases in energy prices over the past several years have had significant consequences for households, businesses, and economic policy. At least since the […]

Gas Shock

The rising price of gasoline is prompting major re-thinking of Virginia’s transportation policies. Just ask Sen. Marty Williams, a conservative Republican who now supports growth management… Newspaper accounts are full of anecdotes of people sharing rides, switching to mass transit, moving closer to where they work or finding creative ways to drive fewer miles each […]

Petrol prices hit US production

US industrial production unexpectedly fell in May, highlighting weaknesses in manufacturing and signalling that the world’s largest economy may be cooling. Industrial output dropped 0.1% in May after April’s 0.8% rise, the Federal Reserve reported. Car production has been notably hit as high petrol costs have dented demand for sport utility vehicles. The drop is […]

The Oil Drum: 2005 Advancers and Decliners

I begin the process of digging into the new BP statistics by taking a look at nations whose production increased versus those whose production decreased. Firstly, it’s important to note that overall there was a production increase from 2004-2005, of about 1.1%, but this is significantly smaller than the 3%-4% increases in the prior couple […]

Father of energy efficiency to get Fermi Award

Art Rosenfeld, a physicist who helped jump-start the push for energy-efficient appliances and homes, will receive the Fermi Award from the U.S. government next week. During the OPEC (Organization of the Petroleum Exporting Countries) oil crisis of the 1970s, Rosenfeld, a veteran researcher at the Lawrence Berkeley National Laboratory and a member of the California […]

Giuliani Says Nation Lacks Energy Policy

Challenging fellow Republicans in Washington, former Mayor Rudolph W. Giuliani said yesterday that the Bush administration lacked an energy policy and that greater reliance on nuclear power, ethanol-based fuels and hybrid vehicles was more realistic than President Bush’s goal of independence from foreign energy sources. Mr. Giuliani, who is considering a presidential bid in 2008, […]

Diversify: Solar power for the Gulf

United Arab Emirates – The GCC countries like the idea of standing atop a sea of oil, and the proposal to introduce renewable energy (including solar and wind power) to the GCC might appear as logical as carrying coals to Newcastle. But a closer look shows that solar power could complement the energy mix of […]

World Energy TV to Debut Technology Leadership Series This Summer

HOUSTON–(BUSINESS WIRE)–June 12, 2006–Many of the energy industry’s leading executives will appear in World Energy Television’s (WETV’s) “Technology Leadership Series,” sponsored by Paradigm and AMD, in production now and set to debut via Webcast later this summer. Five roundtable discussions including “How Can Technology Benefit Financial Performance, Regardless of Commodity Price?” and “Meeting the Demands […]

Canada Conservative Gets Aggressive With Big Oil

OTTAWA, June 13 By taking on Big Oil, which has developed other offshore fields in his province, Mr. Williams is taking quite a gamble. Newfoundland has been Canada’s poorest province for more than 50 years, and can hardly afford to lose out on any chance of a windfall from Hebron. But the fight also illustrates […]

The rocky road to oil riches

Colorado, America’s “Centennial State”, is home to four-and-a-half million people, lots of cattle, and potentially the world’s biggest reserves of oil. The US Energy department thinks that the state is sitting on about a trillion barrels worth of oil, as much as the rest of the world’s conventional oil reserves added together. Trouble is, it’s […]

Sweet or sour? In oil, that’s a big deal

It all comes out of the ground, but it’s not all the same. Roughly 85 million barrels of oil power the world’s economies each day. Pumped from deserts, sea floors and backyards, much of it is free-flowing, low-sulfur oil that is easy and cheap to refine for use in cars, trucks and heating. It’s the […]

GAO warns U.S. vulnerable to oil cutoff

Venezuelan embargo would cause oil prices to jump, report says WASHINGTON – Tight oil markets and little spare production capacity worldwide make the United States more vulnerable today to a cutoff of Venezuelan oil than three years ago when a strike curtailed Venezuelan supplies, a congressional study warns. The report by the Government Accountability Office […]

Dollars and Oil

…Perhaps it might be helpful if I clarified a few misconceptions re the “Iran Oil Bourse” by updating and reiterating the following Asia Times article I wrote. Firstly, the reason for the project in the first place was nothing to do with Euro’s and everything to do with the domination and manipulation of the global […]

Night flights twice as bad for environment – study

A nationwide ban on night flights would significantly reduce the aviation industry’s impact on the climate, a new study shows. Scientists have found that the warming effect of aircraft is much greater when they fly in the dark, because of the effects of the condensation trails (contrails) they leave. Piers Forster, an environmental scientist at […]

Saudi Aramco set to increase oil output

“In other words, in the next five to six years, we will be adding production capacity. Some of that capacity will offset natural decline, while the remainder will serve to expand our maximum sustained production capability, which by the end of 2009 will reach 12 million barrels per day,” he said via videolink from Saudi […]

Syngas International Applauds Greenspan’s Support for Energy Alternatives

Syngas International Corp. (OTCBB: SYNI), an emerging leader in the development and production of hydrogen enriched alternative fuels in an environmentally responsible manner, is pleased to announce its support for the testimony given by former Federal Reserve Chairman Allan Greenspan. In testimony given before the Senate Foreign Relations Committee, Greenspan stated that America needed to […]

Global Energy Crisis Cooks to Surface

The looming specter of “peak oil production”–the point at which oil production is expected to drop because reserves are too difficult to pump out–has combined with high prices and increasing political insecurity to boost the search for renewable energy sources. Oil experts say peak oil could come as early as 2010 or as late as […]

US Energy Secretary Urges Iraq to Adopt New Oil, Gas Law

U.S. Energy Secretary Samuel Bodman said Wednesday Iraq needs to implement a new oil and gas law that lays out how outside energy firms can invest in the country’s hydrocarbon resources. rigzone

Manufacturers Showcase Alternative Fuel Vehicles

As part of their “Discover the Alternatives Campaign” the Alliance of Automobile Manufacturers joined with state legislators, the Pennsylvania Automotive Association and the Pennsylvania AAA Federation to tout their commitment to bringing more alternative fuel automobiles to market and provide an opportunity for legislators to drive these exciting vehicles. In Pennsylvania, there are approximately 270,000 […]

BP Says U.S. Energy Use Dropped in ‘05

U.S. energy use declined last year for the first time in 20 years, while the rate of increase in consumption worldwide slowed, BP PLC reported Wednesday in its annual survey of global trends. moneycentral

Soaring oil cost fuels crash fears

Soaring oil prices in the past six months have cost UK businesses icteesside

Opportunities for Natural Gas as Transportation Fuel

A report prepared for the International Gas Union (IGU) concludes that natural gas has a tremendous opportunity to become a much more widespread global transportation solution, given the constant rise of oil prices, downward trends in oil reserves, and upward trends in gas reserves and supply (partly through the exploitation of hydrates and renewable bio-methane). […]

Overcoming the hurdles to producing ethanol from cellulose

Countries around the world have strong incentives to find alternatives to petroleum-based fuels, and ethanol is broadly considered a strong candidate. Although a growing number of analyses of producing the fuel from corn kernels show that it yields only a marginal energy return at best, the situation may be very different for ethanol created from […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy