Sinopec drilling for gas in Saudi Arabia

China Petroleum & Chemical Corp. (Sinopec) has begun to drill for gas in Saudi Arabia, according to a vice president of Saudi Arabian Oil Co. (Saudi Aramco). Sinopec is one of several companies that has won the rights to develop gas reserves in Saudi Arabia

Alberta’s energy profits near bottom of barrel

Even Energy Minister Greg Melchin, an accountant, is wondering how to count Alberta’s share of the province’s oil and gas wealth. “We need another benchmark,” he said in an interview about his department’s official “performance measure” — a figure calculated annually showing how the provincial government and industry divvy up natural resource revenues. “It’s become […]

Japan has ambitious plan to fight warming

TOKYO – Japan hopes to slash greenhouse gas emissions and fight global warming with a revolutionary plan to pump carbon dioxide into underground storage reservoirs instead of releasing it into the atmosphere, an official said Monday. The proposal aims to bury 200 million tons of carbon dioxide a year by 2020, cutting the country’s emissions […]

The Great Warming: The Fingerprints Are Ours

“Something is happening to the complex system that sustains life on earth,” observe the narrators of the new film “The Great Warming.” “And the fingerprints are ours.” Directed by Vermont-based producer Michael Taylor, “The Great Warming” is this summer As I

Cash boost for pedal power policies

The Government is to double its cycling budget in a bid to get more people out of their cars and onto two wheels. Transport secretary Douglas Alexander is to announce a total of In a speech to a Transport and Climate change conference in Oxford, Mr Alexander will attempt to reverse the trend of children […]

Bright Days for NanoSolar

In the next six weeks, NanoSolar plans to begin building a factory in the San Francisco Bay area that could pump out as many as 200 million solar cells—semiconductors that convert sunlight to electricity—each year. That will be enough to fill 2 million average-sized panels. The company expects to assemble the cells into more than […]

Bulgaria’s reactor closure aftershocks

Bulgaria is preparing to decommission two more reactors of its first and, for now, only nuclear power plant in Kozloduy, north-western Bulgaria, by the end of 2006 as one of the commitments related to the country’s European Union accession. It appears that few people on the list of this country’s top officials have a clue […]

Green’s energy policy may bring sanctions

The energy policy of the Green Party, which includes on a ban on the construction of new nuclear reactors as well as on extension of coal mining, may bring sanctions on the Czech Republic, anti-monopoly office (UOHS) chairman Martin Pecina said on Czech Television today. Pecina told Vaclav Moravec that energy company CEZ has launched […]

East Asia may experience less global warming impact

The impact of global warming may be less in East Asia compared to countries bordering the North Atlantic, such as the US and Britain, say scientists. East Asia reacted differently to global warming 12,000 years ago and the pattern may be repeated, the study led by Newcastle University, with partners in Germany and Japan found.‘There […]

China’s May oil demand growth quickens to 13.5 pct

China’s oil demand growth accelerated to 13.5 percent in May, nearing the explosive rate of 2004, as refiners boosted output and curbed exports ahead of a domestic price increase to meet peak summer demand. The rebound from last year’s tepid 3 percent rise appeared in full swing, but some analysts cautioned that the second half […]

Australia’s frontier mentality in denial over energy

Petrol sales fell for the first time ever last year as price-shocked Australians traded in their four-wheel-drive vehicles for less thirsty cars, took fewer trips and gave public transport another go. ‘Drivers have clearly altered their behaviour,’ said Craig James, an economist at the CommSec brokerage. What has not changed, however, is the country’s energy […]

The maturation of Matt Simmons

It does not take long for people who study peak oil to see some heavy implications of the end of abundant oil. After a while some of the more realistic probabilities become clear and often become one’s main topic of conversation. The possibilities, dangers and opportunities start motivating one to change his or her life. […]

Kremlin go-ahead for China oil deal

Energy-hungry China gained its first stake in a Russian oil field last week, signalling a reversal in the Kremlin’s attitude to its long-time rival and launching Russia’s new energy partnership policy. The Kremlin has rebuffed China’s last two attempts to buy a Russian oil company. In 2002 Beijing agreed to back out of an auction […]

Venezuela plays heavy-oil card

A decade ago, this vast region of eastern Venezuela called the Orinoco Belt was a backwater known for its expansive plains, ocher-colored soil and punishing heat. Today, the region is a hotbed of development for many of the world’s largest energy companies and a source of conflict between those powerful firms and Venezuelan President Hugo […]

White nights, black gold: Russia’s oil riches come to light

Your Russian oil and gas may as well have come from space – the people who produce it talk of ‘returning to earth’ when they leave its remote Siberian source. Starting 1,400 kilometres northeast of Moscow and reaching far into the Arctic, the vast Yamalo-Nenetsky autonomous district is a leading centre of the national oil […]

US military sees oil nationalism spectre

Future supplies of oil from Latin America are at risk because of the spread of resource nationalism, a study by the US military that reflects growing concerns in the US administration over energy security has found. An internal report prepared by the US military’s Southern Command and obtained by the Financial Times follows a recent […]

Russia’s Plight: A Cautionary Tale About the Need to Relocalize

Resource Insights – Recent mention in the media of more than a decade of population decline in Russia elicited little more than a yawn from the somnolent public. The usual explanations link that decline to events in Russia which seem specific to that country: a high rate of alcoholism, a poor public health system, widespread […]

Overview: Peak Oil Fears Drive Search for Alternatives at the Pump

M&C News – Scientists scrambling for better ways to fuel the world’s automotive fleet are racing against an uncertain deadline – the date when the Earth runs out of easily obtained crude oil. Experts, including some in the US government and in the oil industry, agree that as early as 2010 and as late as […]

Our Only Hope Lies in Forging a New Energy World Order

Telegraph – Although the price for July deliveries of Brent crude is over $70 a barrel, Lord Browne, BP’s chief executive, thinks prices will halve in the medium term. According to a recent interview, he believes large oilfields are still being found and Canada’s oil sands could be exploited. Some hope. Already four-fifths of the […]

3rd Annual Energy Tech Investor Conference, July 19-20, 2006 in San Francisco

Venture capital investments in clean technologies last year reached an all-time high of $1.6 billion in North America, a 43 percent increase over the previous year, according to a report released by Environmental Entrepreneurs (E2) and Cleantech Venture Network. renewableenergyaccess

Analysis: Bush faces Russian balancing act

It was five years ago Monday when President Bush peered into Vladimir Putin’s eyes for the first time and got “a sense of his soul,” pronouncing the Russian president “straightforward and trustworthy.” Bush might want to take a closer look when Russia hosts its first meeting of the world’s economic powers. The Group of Eight […]

IT’S OFFICIAL: WE LIVE IN HOT TIMES

Earth’s average temperature has been hotter over the last quarter century than during the previous four centuries and possibly much longer, the National Academy of Sciences said in a report Thursday that substantially supports the findings of a controversial 1998 climate study. The report by a scientific panel appointed by the academy backed the most […]

ODU keeps maglev train project alive with funding

The funding from Old Dominion University’s Office of Research follows the last round of federal funding. A $2 million Federal Railroad Administration grant ran out in mid-May without producing a working prototype of a low-cost magnetically levitating train, or maglev. Maglev uses magnets to float a train over elevated tracks. ODU scientists contend that they’re […]

Everyone wants India’s energy pie

With crude oil touching $70 a barrel and no sign of relief in the foreseeable future, the world is restless for alternative energy. India’s own oil consumption, currently at an annual 115 million tonnes, is projected to soar in line with prosperity. While the government mulls its policies on non-conventional energy sources, private and foreign […]

Venezuela embargo would push oil to $100: Chavez

Oil prices would rise between $20 and $30 per barrel if Venezuela halted crude sales supplies to the United States, Venezuelan President Hugo Chavez said on Friday, responding to a US government draft report that predicted an $11 per barrel increase. thepeninsulaqatar

California most vulnerable to disruption in global oil

Just two Arab countries have supplied almost 50 percent of California’s imported oil over the past five years, a dependence that leaves the state more vulnerable than the rest of the country to disruptions in the world oil markets. From 2001 to 2005, Saudi Arabia and Iraq provided an average of 49.6 percent of all […]

Iraq’s oil production back above 2.5 mln bopd

Iraq’s oil production is now over 2.5 mln barrels a day, a record since the fall of Saddam Hussein, the country’s oil minister said Sunday. Oil Minister Hussein Shahristani said on US television that Iraq hoped to be producing 4.3 mln bopd by 2010 and to be challenging Saudi Arabia as the world’s largest producer […]

Study says Americans have never had it so good

Gas prices might be up. The stock market might be down. Job security might seem an illusion and there’s not an iPod in every pocket. But according to the government, American families have never earned more income, spent less on necessities or enjoyed a higher standard of living than they do right now. That information […]

SunOpta, Novozymes and China Resources Alcohol to Develop Cellulosic Ethanol

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China’s Economy Forecast to Grow 10.3% in First Half

(Bloomberg) — China’s economy will expand faster this year than in 2005 as investment and exports continue to grow, the central bank’s research bureau said. Gross domestic product will probably rise 10.3 percent in the first six months before slowing in the second half for full-year growth of 10 percent, the People’s Bank of China […]

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