American among hostages freed in Nigeria

LAGOS, Nigeria – Kidnappers freed six foreigners Wednesday, including an American boat captain, abducted from a nightclub in Nigeria’s southern oil region, the government said. The six men were set free in the Port Harcourt area, the focus of a series of kidnapping in recent weeks, said Rivers state government spokesman Magnus Abe. Militants opposed […]

Debt Free Thanks to Oil Sands

The Canadian province of Alberta contains massive amounts of oil sands. But extracting the petroleum contained in them is costly and harmful to the environment. Still, the sands are a temptation oil companies can’t resist. They’re investing billions in order to secure the abundant source of energy. You would have to be a firm believer […]

Japan surplus slips as energy prices boost

Japan’s trade surplus unexpectedly declined in July from a year earlier as import growth outweighed gains in exports due to rising energy costs. The surplus fell 0.2 percent from a year earlier to 860 billion yen ($7.38 billion), compared with analysts’ median forecast of a surplus of 984.3 billion yen or a rise of 14.2 […]

German Import Prices Rise, Led by Energy, Metals

The cost of goods imported into Germany, Europe’s largest economy, rose more than expected in July driven by higher prices for energy and metals. “It’s purely driven by costs for raw materials and energy,” said Rainer Guntermann, an economist at Dresdner Kleinwort in Frankfurt, who expects the ECB to raise the key rate two more […]

Ukraine Won’t Siphon Off Russian Gas This Winter — Prime Minister

Ukrainian Prime Minister Viktor Yanukovich has promised on Tuesday, Aug. 22, that this winter his country won’t siphon off the Russian natural gas bound for Europe. Ukraine remains the main transit route for Russian gas exported to Central and Western Europe. Yanukovich’s pledge is meant to reassure Western Europe that Ukraine is a reliable country.Mosnews

Energy industry isn’t 100 percent after hurricanes

David Pursell, an analyst with Houston’s Pickering Energy Partners, said most companies don’t expect to see the Gulf’s oil and gas output reach pre-Katrina levels until next year. Some lost wells may not be restarted at all given the extent of the damage for many low volume wells.Houston Chronicle

Namibia: Fuel Hikes May Hit Tourism

The recent steep increases in fuel prices might deter tourists from visiting Namibia and land the country in the expensive holiday destination category, despite more tourists flocking to Namibia last year, an expert has warned. Releasing the latest tourism figures and statistics in Windhoek yesterday, which showed an increase of some 11,9 per cent for […]

Droughts threaten world food supply

As the United States bakes in one of the hottest summers since the Dust Bowl years of the 1930s, droughts reaching from the Dakotas to Arizona have sharpened the focus of farmers on their lifeline water. Farmers from Nebraska to northern Texas are now growing more water-thirsty crops, like corn, that offer them better cash […]

Too late for European global warming target -IEA

It may be too late to keep within a European Union threshold to avoid dangerous climate change, said the Head of the International Energy Agency Claude Mandil. The EU says to avoid dangerous interference with the climate global average temperatures should not exceed 2 degrees Celsius (3.6F) above pre-industrial levels. But even the most ambitious […]

Argentina plans to revive nuke energy sector

Argentina’s government launched on Wednesday a nuclear energy plan that includes the completion of a third plant and the enrichment of uranium after a nearly ten-year lull. Argentina’s energy needs have soared as the economy rebounds from a devastating 2001-2002 crisis, but supplies are limited by low investment and frozen tariffs. The government is using […]

Energy must not cost the earth

Firms must improve their energy efficiency or face severe financial consequences, according to analyst Gartner. IT systems, in particular servers, are increasingly power hungry as technology capabilities increase, but this comes at a time when power supplies are more strained and less predictable. Some data centres use as much energy as a small town, which […]

Energy firm considers palm oil power

Energy firm npower today said it was considering running one of its oil-fired plants on palm oil. The group, which is owned by Germany’s RWE, said it had tested the biofuel at its Littlebrook plant, in Dartford, and was currently weighing up its commercial and technical viability. A spokesman for npower stressed that no decision […]

Baltic pipeline will lead to disaster, Sweden warns

An ambitious project to build a 750-mile long gas pipeline beneath the Baltic Sea has run into trouble after Sweden’s Prime Minister warned that the project could trigger an ecological tragedy. The Baltic Sea is in effect a cemetery for discarded chemical weapons and Goran Persson argued that it would be foolhardy to lay a […]

Russia’s production of primary fuel and energy resources in January-July grew by

Russia’s production of primary fuel and energy resources in January-July grew by 2.6% to 1.024 bn tons, as the Ministry of Industry and Energy informs. Production of oil and gas condensate in January-July totaled 276.7 mln tons, or by 6.3 mln tons more y-o-y. In July, the production rose by 2.4% to 40.92 mln tons, […]

Some trees may be future energy source

U.S. scientists say trees reaching 90 feet in six years and grown as a row crop on fallow farmland may represent a major replacement for fossil fuels. A hybrid poplar tree is the basis for the research that is part of the Department of Energy`s goal to replace 30 percent of the fossil fuel used […]

Method found to temporarily thin crude oil

U.S. scientists say they have developed a method of temporarily reducing the viscosity of crude oil — an advance called the equivalent of a magic wand. Rongina Tao and Xiaojun Xu of Temple University say their method uses a magnetic field to make tiny, wax-like particles in paraffin-based crude oil clump together into a smaller […]

An Open Letter to my Friends in the Media

I assume that most media outlets that report the captioned story by the Moscow News would describe it as good news regarding Russian oil production. What the Moscow News is not reporting is that current Russian production is 2.8% below its December level. As I outlined in a recent article regarding net oil exports, “Net […]

SURF’S UP FOR ALTERNATIVE ENERGY

Wouldn’t it be nice if we could surf our way to energy independence? Complete freedom from fossil fuels is a pipe dream – for the next few decades, anyway. But maybe we can get to a place of significantly less dependence on them. As demand relentlessly outstrips supply in the coming years, we’ll have to […]

UBS: Gas Expected to Eclipse Oil Production by 2030

Oil production may peak around 2030, but the ensuing decline will be offset as high fuel costs accelerate the growth of other energy sources, most notably natural gas, UBS reported in a study released on Wednesday. As oil production slows, gas production and other fuel substitutes likely will grow in importance to meet an expected […]

DuPont Invests $50 Million, Launches New Tedlar(R) Photovoltaic Solar Panel Mate

To meet the needs of the fast-growing photovoltaic solar energy market, DuPont today announced a production expansion of DuPont(TM) Tedlar yahoo

Wind to blow $251M off energy bills

A study released Wednesday by a trade association representing companies invested in the wind energy industry says Colorado customers of Xcel Energy Inc. are expected to save about $251 million in energy costs over the next 20 years through the use of wind energy vs. natural gas-fired power plants. yahoo

Hymotion Delivers Converted Plug-in Prius to Car-Sharing Service

Hymotion has delivered one of its L5 Prius Plug-in Hybrid systems to HOURCAR, a car-sharing program that serves Minnesota greencarcongress

Oil Depletion Protocol (Audio)

ABC Radio (Australia), LateNightLive – Richard Heinberg Interview Petroleum geologist and founder of the Association for the Study of Peak Oil, Dr Colin Campbell has a proposed a plan that would see countries vountarily sign up to reduce their oil production and oil imports over time. Richard Heinberg is a journalist, lecturer and author of […]

Hydrogen Fuel Station Opens in Norway

Norway’s first hydrogen filling station for motor vehicles opened as a step in creating a clean-air highway in southern Norway. The Norwegian HyNor plan calls for five refueling stations along the main highway from Oslo to Stavanger, the center of the national petroleum industry that makes Norway the world’s third largest oil exporter, after Saudi […]

New Energy to Move Toward Low-Carbon Economy

Schlumberger – The pursuit of renewable and low-carbon energy resources was a recurring topic of discussion here at the 2006 Offshore Northern Seas (ONS) energy conference. Representatives from two of the major players in the global energy and climate change debates have made their respective company positions known to ONS delegates. Lewis Gillies, BP’s managing […]

IEA May Look to Opec if Iran Turns Off Taps in N-Row

The Peninsula On-Line (Qatar) – The International Energy Agency would look to IranThe Peninsula On-Line (Qatar)

Oil Output Set to Peak, But No Fuel Shortage – UBS

(Reuters) – Oil production looks set to peak in the mid-to-late 2020s, but the decline will be offset as high fuel costs accelerate the quest for other energy sources, notably natural gas, UBS said in a study published on Wednesday. Advocates of the peak oil theory that supplies are close to their maximum levels say […]

Consumer Reports: Fuel economy most important to car buyers

Mileages beats out reliability and safety among factors that car shoppers consider, survey says. NEW YORK (CNNMoney.com) — Fuel economy is at the top of the list of factors shoppers consider when looking at a new vehicle, according to a new survey by Consumer Reports. When asked what factors they considered most important in a […]

Iraq Oil Workers End One-Day Strike

AMMAN -(Dow Jones)- Hundreds of Iraqi oil workers in the south of the country Tuesday ended a one-day strike that shut the main pipeline supplying Baghdad with oil products, a senior Iraqi oil official said Wednesday. “The striking workers decided to end their strike after a minister’s adviser in the oil ministry promised to meet […]

Faster Mapping Speeds Up the Search for Oil

With demand and prices so high for crude oil, petroleum companies are searching for new reservoirs deep below the ocean floor, in areas of more geological complexity. But drilling under the ocean is very expensive, so oil companies need to have as complete an understanding of the geology where they’re drilling as possible. Even armed […]

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