Russia revokes approval for Shell-led project

Russia’s Natural Resources Ministry said today it has revoked the environmental approval of a Shell-led liquefied natural gas project on the Far East island of Sakhalin, a decision that could effectively halt work on the project. A state safety watchdog also criticized an oil terminal built by Exxon Mobil Corp., and analysts said the moves […]

Exxon Mobil says inflation boosts Sakhalin costs

Exxon Mobil increased its expected spending for its Sakhalin oil project in Russia above the original 2002 estimate of $12.8 billion to reflect inflation and foreign exchange pressures, a spokesman said on Monday. The spokesman also said the company had seen higher oil field services costs, but he said he could not confirm that the […]

Russia’s Putin says Hungary guaranteed oil, gas supplies

Gazprom guarantees the necessary natural gas supplies to Hungary and the country’s concerns over oil supplies have been also eased, Russian President Vladimir Putin said Monday. The president said the two countries were also in talks on electricity projects, and highlighted the role of Hungary’s MOL Group in Russia’s energy sector. Moscow and Budapest are […]

Homes ‘failing’ on energy savings

About two-thirds of households would fail an energy efficiency test, according to Scottish Gas. A survey by the utility firm estimated that 2.3 million homes in Scotland could make more than BBC

CEO’s see slowing economic growth: Survey

Reuters – High energy prices and interest rates have dimmed U.S. chief executive officers’ view of the economy, according to a quarterly survey released by the Business Roundtable on Monday. The survey found that top CEO’s expectations for economic growth over the next six months have dipped to their lowest level in three years. Its […]

UK Guardian launches new environment website

“The site aims to provide a one-stop-shop for a greener lifestyle, drawing together existing online resources in a coherent way and encouraging users to interact by sharing their own ideas for greener living,” said site editor Hilary Osborne. Other features include a ‘What can I do?’ button featuring links to relevant sites and directories suggesting […]

BP Says Thunder Horse Platform Delayed Until Mid-2008

BP Plc, Europe’s second-largest oil company, said its Thunder Horse production platform in the Gulf of Mexico won’t start until at least the middle of 2008, more than two years behind schedule, because of repair delays. Tests over four months “revealed metallurgical failure in components of the subsea system,” which will now be retrieved and […]

Critics call World Bank energy scheme misguided

“The Bank continues to invest $2 billion and $3 billion a year in greenhouse gas-producing energy projects, which fuel climate change and fail to help the world’s poor,” said the report, which is backed by groups such as Friends of the Earth and the Institute for Policy Studies. “Financing for renewable energy projects makes up […]

Fuel Diversification: Coal-to-Liquids

Today, the world is at a crossroads. Explorers and geologists are struggling to find the new oil and natural gas resources needed to sustain the energy demands of modern society. Dwindling supplies and the ever increasing demand from almost every country in the world have put these fossil fuels in short supply. The consequences of […]

Amtrak fares up; ridership adapts

With monthly commuter pass increases as high as 59 percent, some commuters have sought alternatives. Hoau-Yan Wang of Philadelphia ended his long-distance relationship with Amtrak last fall. “I had had enough,” said Wang, who commutes daily to New York City. Amtrak does not miss him much. A year after Amtrak announced steep increases of up […]

US nuclear reactors prone to long shut-downs

WASHINGTON, Sept. 17 Mr. Lochbaum said the most common reason for a shutdown was for an

Petrol pump strike hits Mumbai hard

Mumbai: It “What can we do, we have become mere puppets in the hands of the administration,” says a commuter. It’s these thoughts and empty petrol pumps that Mumbaikars have been witness to since early morning on Monday. IBN

Canada Native Groups Join to Protect Water Supply

CALGARY, Alberta – Booming oil and gas development in Western and Northern Canada has prompted native groups to build a united front to better protect the vast region’s water resources, aboriginal leaders said on Thursday. About 200 First Nations representatives from Alberta, British Columbia and the Northwest Territories gathered in Fort Simpson, N.W.T., this week […]

US controls price of crude oil

Who is controlling the price of crude oil? The British Petroleum Company (BP), OPEC and Russia are all under suspicion, but there is really only one entity controlling the market. Within one month, the futures contracts of both West Texas Intermediate (WTI) and Brent dropped by more than US$10 and the October contract for WTI […]

Oilsands expansion plan raises native group’s fears

NISKU, ALTA. — Reclamation plans for a $12.8-billion Albian Sands oilsands expansion project could leave little more than poisoned lakes and a landscape forever unable to support diverse wildlife, an aboriginal group told Alberta’s energy regulator yesterday. Chief Roxanne Marcel of the Mikisew Cree told the Alberta Energy and Utilities Board her band of about […]

Swedish nuclear plants still too unsafe to re-open

STOCKHOLM (AFP) – Sweden’s nuclear power watchdog on Thursday said safety measures at three of the country’s nuclear reactors, shut down after a safety alert in July, needed to be tightened before they could re-enter service. “The three (reactors) need to meet a list of measures before we give them official approval to resume operations,” […]

Who Produces the Most Oil? Not Who You Think

If someone says There has generally been a lot of truth in that perception, as Saudi Arabia has for years topped the list of the world

Iran, Norway sign oil exploration deal

TEHRAN (AFP) – Iran and Norwegian firm Norsk Hydro have signed a deal for exploration of the major onshore oil block of Khoramabad in western Iran. The initial investment for the exploration amounts to 49.5 million dollars and can be increased up to 107.5 million dollars in case of additional costs, state television said. The […]

A train ticket to America, please

Last week, the idea of a high-speed rail link between north and south was raised yet again by the Department of Transport as a way of bridging the regional divide in the UK. Journey times of two hours between London and Edinburgh on trains running at 300mph were brandished as if these were somehow the […]

Liberal Democrats unveil plans for ‘new home’ and ‘green’ car tax (UK)

Families would be hit by a In a separate move, the Lib Dems are planning to radically increase rates of vehicle excise duty to cut greenhouse gas emissions – with a typical family car facing an annual bill of

Gazprom Considers Part in Panama Gas Pipeline

Russia Russia

Russia Threatens to Cancel Shell, Mobil and Total

The Russian government is threatening to cancel oil and gas exploration licenses it granted to Royal Dutch/Shell, ExxonMobil and Total. On Saturday, Sept. 16, Russia The projects run by Shell and ExxonMobil are production sharing agreements (PSA), which cover the development of offshore oil and gas fields at the Sakhalin Island, in Russia

Engineers’ magnesium solution to hydrogen storage debacle

A TEAM of Australian scientists have developed a solid state hydrogen storage technology that is safer, lower cost, and stores a higher density of hydrogen than the gaseous and liquid systems presently used in industry. The magnesium alloy developed by Arne Dahle and Kazuhiro Nogita from Queensland University ferret

Shell CEO sees oil prices ‘lower than today:’

Chief Executive Jeroen van der Veer said in an interview with Newsweek this weekend that Russia’s government and energy officials have some justification to be irritated by the country’s portrayal as a threat to Europe’s gas supplies, comments that carry additional resonance given Russian authorities are threatening a Shell-led multibillion dollar integrated oil and gas […]

Norway to increase gas supply to EU

Norway and the EU share the same concerns about climate change and security of energy supply and are both set to use energy efficiency and stimulation of renewables as the main instruments to deal with these challenges. The Norwegian minister announced that his country will increase supply of gas to the European Union from 82.5 […]

Israeli researcher: Forget gas, fill your tanks with water

Dr. Tareq Abu-Hamed, an Israeli scientist currently at the University of Minnesota, and colleagues, Professor Jacob Karni, and Michael Epstein, head of the Solar Facility at the Weizmann Institute of Science in Israel, have developed a new method to produce hydrogen fuel cheaply, efficiently and safely while at the same time addressing current onboard storage […]

Oil Companies Are Now Debunking ‘Peak Oil’ Alarmists

“That argument known as peak-oil theory has provided intellectual backing for the boom in crude prices. . .” This quote comes a September 14 Wall Street Journal article that was entitled “Producers Move to Debunk Gloomy ‘Peak Oil’ Forecasts” and detailed efforts by Exxon Mobil and Aramco to counter peak oil advocates. huffingtonpost

OPEC casts a dark eye on the greening of energy

Despite forecasts that show no end to rising demand for crude over the coming decades, oil-producing nations are casting an uneasy eye on the growing number of measures being taken to tackle climate change. “The main long term challenge is definitely the necessity to reconcile oil with environmental demands,” Claude Mandil, executive director of the […]

Rumsfeld Unveils New Justification For Iraq War: High Gas Prices

SECRETARY RUMSFELD: The fact of the matter is – if Saddam Hussein were still in power in Iraq, he would be rolling in petrol dollars. Think of the price of oil today. He would have so much money. And he would be seeing the Iranians interested in a nuclear program, he would be seeing the […]

The $31.5 Trillion Question: Is Your Company Prepared for Climate Change?

Climate change has become a major concern among leading US financial institutions and companies, according to a report to be issued today by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets. The report was released at an event hosted by Merrill Lynch and held at their […]

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