Oil raises China, Japan rivalry

Japan needs friends who are rich in natural resources, and Prime Minister Junichiro Koizumi made no bones about what he wanted from Uzbekistan and Kazakhstan when he became the first Japanese premier to visit the two countries last month. Only days after Koizumi left the region last week, China National Petroleum Corp., China`s largest oil […]

Oil-rich Iraq forced to import fuel to beat shortages

Iraq, a country with some of the largest oil deposits in the world, will have to import petrol to solve a fuel shortage. The Iraqi oil minister announced yesterday the government will spend Scotsman

Deep-water Gulf wells open rich oil reserves

A record-setting well drilled by Chevron in the Gulf of Mexico has opened up a vast new oil province that could boost America’s domestic oil reserves by tens of billions of barrels. Chevron said that the Jack 2 well had flowed at a rate of 6000 barrels per day in a production test that gives […]

Which road leads to energy independence?

Energy independence is a hot topic these days. The latest round of conflict in the Middle East, combined with Venezuela’s active courting of anti-American sentiment, is another reminder of how problematic our reliance on foreign oil has become. Not surprisingly, competing interests make the path to independence less clear. But is it really that hard? […]

China intervenes in Zambian election

The Chinese government has intervened in ZambiaFinancial Times

Gas may be headed back near $2

The recent drop in prices at the pump could pick up steam, driving gasoline sharply lower in coming months. “I’d say $2 to $2.50,” said Tom Kloza, chief oil analyst at the Oil Price Information Service. “Once you get past Sept. 15, it’s really a downhill game.” Kloza said so far the average cost of […]

Market research forecasts 15-fold increase in biomass investments by 2012

Fuji Keizai, a Japanese provider of market research in the field of biotechnology, conducted a survey on the growth of the Japanese and international biomass market. Even though Japan itself has very limited biomass resources, according to the survey, the domestic biofuels and bioenergy market expects a rapid, three-fold growth in 2012 from 2005 with […]

Arctic Ocean continues to freshen up

Fish accustomed to the salty water of the Arctic may have to think about finding a new home. As a result of global warming, the Arctic Ocean has been getting less salty over the past half century and the trend looks set to continue. The culprits are a massive increase in rainfall over the Arctic […]

Vietnam fuel price hike cranks up inflationary pressure

The latest petrol price hike in Vietnam has triggered off a hike in the prices of other consumer and essential goods in southern hub Ho Chi Minh City. Following last month Seafood and pork prices went up by 5-10 percent. Some fishing companies forecast an increase of 10-15 percent in wholesale prices this month. Thanh […]

Formula change worries keep diesel prices up

WASHINGTON The main issue propping up diesel prices is a change in the formulation of the fuel. In an effort to reduce pollution, government rules dictate that starting Oct. 15, the sulfur content of diesel must be no more than 15 parts per million, down from 500 parts per million. USA Today

Wind Power a Vexing Question for Vermont

SHEFFIELD, Vt. – When farmer Greg Bryant first heard about plans for windmills along a swath of mountain ridges in this northeastern Vermont hamlet, he was all for it. The idea of tapping a plentiful natural resource for power was appealing. Now he’s dead set against it, one of many people here who fear the […]

Independent stations priced out

Dhruba Shrestha gets angry when he talks about his customers’ attitudes toward gas and coffee. “They’re happy to pay $2 for coffee, but they don’t pay for gas,” he said. “A cup of coffee costs 35 cents to make,” he said. “Gas comes from mining, refining, labor. Compared to coffee, gas price is very low, […]

World War III more likely from oil grabs than radical Islam

Recently, with midterm elections just two months off and the war in Iraq more unpopular than ever, President Bush has begun to reframe the war on terror as a “war on Islamic fascism.” But clever rebranding aside, and with all respect due to our brave troops, by now everybody knows that invading Iraq had nothing […]

Russia agency sues to stop Shell project

MOSCOW – Russia’s environmental regulator said Tuesday it had filed suit seeking to revoke approval for a $20 billion international oil project led by Royal Dutch Shell on the Pacific island of Sakhalin. The Federal Service for the Supervision of Natural Resources had signaled for several weeks that it planned to ask the Natural Resources […]

Oil companies see big Gulf of Mexico discovery

Tests suggest huge oil field found in deep waters OSLO, Norway – Tests of a deep-water well in the Gulf of Mexico could indicate a significant oil discovery, three companies announced Tuesday, in the first project to tap into a region that reportedly could boost U.S. oil and gas reserves by as much as 50 […]

Yukos

The owners of what was once Russia The damages being sought were previously estimated at $30 billion, but The Times has learnt that this is to rise to about $50 billion. The case is being heard by the United Nations Commission on International Trade Law in the Hague. MosNews

Ghana: Power Crisis Worries Gold Miners

Last week’s warnings from gold miners operating in Ghana that their operations could be hit by power disruptions highlighted increasing power shortages across Africa, as growing economies grapple with inadequate planning and higher energy costs.All Africa

Remember, remember the 5th of September, 2000

A year before 9/11/2001 happened in the USA, a ‘terrifying incident’ of a different sort happened in Europe that changed how political leaders across the world would forever understand the essential role oil resources played in the ‘developed nations.’ It started with a few angry French fishermen who found it harder and harder to make […]

UK: Workers urged to turn off computers

Workers have been urged to help tackle climate change by taking simple measures such as switching off computers and lights, reducing waste and walking or cycling to the office. The TUC called on people to “think green” in the workplace to cut energy use and do more to protect the environment. TUC General Secretary Brendan […]

‘Alternative energy won’t alter fossil fuel use’

Despite the rise in popularity of alternative energy, fossil fuel is not about to bow out from the scene, at least not in the foreseeable future, said visiting financing expert Ven Medabalmi. In his presentation during the recently concluded Marianas Roundtable – Focus on Energy, Medabalmi said the global installed renewable energy capacity is expected […]

World Bank proposes funds to clear way for clean energy

There is enough commercial financing to meet global clean energy needs if the barriers to adopting new technologies can be removed, according to a World Bank expert. For that reason, specialised funds to finance clean energy ought to correct market and regulatory incentives that impede the spread of those new technologies.New Zealand Herald

Moscow mayor says winter energy deficit could reach 20%

Moscow’s mayor warned Tuesday that the capital could face an energy deficit of 20% this winter, sparking concerns that temporary business closures seen in January could be repeated. “Energy consumption is abnormal at present and the deficit registered in the past is very large,” Yury Luzhkov said.RIA Novosti

Russia, Bulgaria and Greece OK Balkan oil pipeline

Russia, Greece and Bulgaria agreed yesterday to end years of disputes and launch a long-delayed trans-Balkan oil pipeline that could strengthen Moscow’s grip on the energy market in the Mediterranean region. The deal ends 14 years of disagreements that have held back the project linking the Black Sea to the Aegean, widely seen as pumping […]

Malaysia forecasts higher palm oil prices on biofuels

Malaysia, the world’s largest palm oil producer, may export 4.4% more of the commodity next year as output and prices surge amid rising interest in its use as a fuel additive, the government forecast. Palm oil prices have risen to their highest in more than two years, spurred by rising demand from China, the US […]

Oil buyers try to kick Mideast dependence

China Petroleum & Chemical, the nation’s biggest refiner, and Nippon Oil of Japan are importing more oil from Africa and Russia in an effort to try to reduce their dependence on Mideast crude. Angola has overtaken Saudi Arabia as China’s largest supplier this year, and Japanese refiners have started buying crude from the Russian Far […]

Cooking up a transport solution

Fuel cell cars could one day run on hydrogen made from cooking oil now research into a novel way of producing hydrogen is to take a step forward. If the process is proved to have commercial potential, other sources of the gas could include scrap tyres and waste industrial oil. A team at the Energy […]

Solar Annual 2006: The Gun Has Gone Off

The solar power sector is sprinting ahead of our previous estimates. Production growth, price increases and cost reductions are stronger than expected. In 2005, the sector achieved 44% volume, 50% revenue and 149% profit growth. In the next five years, we expect rising residential grid prices, robust policy support and new sales channels will drive […]

Russian August oil output, exports rise after July price record

Average daily oil output rose 2.8% to 9.76 million barrels a day during the month, or 41.27 million tons, from 9.50 million barrels a day, compared with a year earlier, according to the Energy and Industry Ministry’s CDU-TEK unit. Exports advanced to 5.40 million barrels a day, a 10% jump from a year earlier, and […]

Climate change will reach point of no return in 20 years, says expert

The world only has 10 years to develop and implement new technologies to generate clean electricity before climate change reaches the point of no return – something the UK government failed to appreciate in its recent energy review, according to an expert. Speaking at the British Association festival of science in Norwich yesterday, Peter Smith, […]

Indian State Plants 3 Million Saplings for Biodiesel Feedstock in 11 Hours

The government of the Indian state of Chhattisgarh government claims to have set a world record by planting at least three million saplings of Jatropha and Karanj in only 11 hours. greencarcongress

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