Russia holds out olive branch to Shell

Minister says country is ‘long way’ from backing out of 1993 deal. US adds voice to concerns Russia attempted to defuse the growing diplomatic crisis over its threats to strip Shell of its licence to operate the $20bn ( Over the weekend, the US government added its voice to the international condemnation of Moscow’s decision […]

Prudhoe Bay to resume full oil output end of October: BP

LONDON (AFP) – British energy giant BP has said that it expects to resume full production by the end of October of 400,000 barrels of oil a day from Prudhoe Bay, the biggest US oil field. A spokesman told AFP Tuesday that output had been raised over the weekend to 300,000 barrels per day after […]

Many skeptical of gas plunge

Americans look for political manipulation as gasoline prices plunge WASHINGTON Retired farmer Jim Mohr of Lexington, Ill., rattled off a tankful of reasons why pump prices may be falling, including the end of the summer travel season and the fact that no major hurricanes have disrupted Gulf of Mexico output. “But I think the big […]

Ted Turner: biofuels

Very important news. Earlier we hinted at the fact that biofuels might revive the collapsed WTO trade negotiations known as the Doha Development Round which is aimed at creating a global trade regime that is more fair to the developing world. No major news source however looked at this potential role of biofuels in the […]

ITER fusion energy project approved

An international agreement on the implementation of the International Thermonuclear Experimental Reactor (ITER) fusion energy project – in which India is a member along with five other nations and the EU – has been approved by the Council of the European Union. The project is expected to become a commercially viable reality in 2040 at […]

France to introduce less expensive biofuel

French Finance Minister Thierry Breton said that France would within days launch “green pumps” of biofuel throughout the country. When asked about whether motorists, which in France overwhelmingly prefer diesels, will need to change vehicles, Breton said he had a number of good surprises left for the French people on taxes and cars.People’s Daily

Russia Threatens to Pull BP License

Russian prosecutors threatened on Monday to revoke the license of BP PLC’s joint venture to develop a giant gas field in Russia’s far east. The move comes amid pressure on a number of foreign-controlled energy projects that observers say is an attempt to secure a bigger role for Russian companiesHouston Chronicle

India, China work out new energy synergies

Have India and China worked out new synergies in acquiring overseas energy assets? The fruits of such teamwork seem to be increasing. However, some observers are still skeptical and believe that any future cooperation can only be on a case-to-case basis to keep bid prices down. And when it comes to the critical question of […]

Siberia faces meltdown

The Climate and Land Surface Systems Interaction Centre at the University of Leicester hosted an international scientific Symposium on “Environmental change in Siberia – Insights from Earth Observation and modelling” from 18-20 September 2006. Around 30 participating scientists from the UK, Russia, Austria, France, Italy and Germany presented new findings on the rapidly occurring environmental […]

Earth May Be at Warmest Point in 1 Million Years

Earth may be close to the warmest it has been in the last million years, especially in the part of the Pacific Ocean where potentially violent El Nino weather patterns are born, climate scientists reported on Monday. This doesn’t necessarily mean there will be more frequent El Ninos — which can disrupt normal weather around […]

Ghanaian nuclear physicist argues for development of nuclear energy

As Ghana battles with an electricity shortage, one of the nation’s prominent nuclear physicists on Monday called for the development of nuclear energy as a reliable and cheap energy alternative. Edmund Osae, former deputy director general of Ghana’s Atomic Energy Commission (GAEC) in Accra, said the west African nation should overcome its fear of building […]

Lower oil, gas prices hitting Canadian drilling companies

The consequences of higher costs and lower commodity prices are trickling down to Canada’s oil and natural gas service companies. The country’s energy companies for months have been grappling with rising labor and materials costs and, more recently, have been saddled with a decline in crude oil prices. This uncertain environment likely will lead to […]

Hyundai Heavy Wins World’s Largest Oil-Facility Order

Hyundai Heavy Industries Co., the world’s biggest shipyard, said it won a $1.6 billion contract from the United Arab Emirates to build offshore oil production facilities, the single-largest order ever. Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co. and other Asian dockyards are benefiting from increased investment in fuel production and transportation, as demand for […]

EU and Iran close to nuclear talks deal

Iran is close to a deal that would include a temporary suspension of uranium enrichment and clear the way for nuclear talks but Tehran wants to keep the agreement secret, The Washington Times reported on Tuesday. The deal could be completed either Tuesday or Wednesday when EU foreign policy chief Javier Solana and Iranian negotiator […]

U.S. pursues closer ties with Kazakhstan

Secretary of State Condoleezza Rice met Monday with Kazakhstan’s foreign minister as the U.S. sought closer ties to the oil-rich country despite what critics call its disturbing backslide toward autocracy. Before the meeting, Rice did not answer when asked whether human rights or energy would top the agenda for the meeting with her Kazakh counterpart. […]

Prepare for a U.S. Market Crash

We’re heading into a recession. You’ve heard about it for months, even years, what with the housing bubble, the war in Iraq, overextended consumer credit — you name it. A recent Merrill Lynch (NYSE: MER)report says that the U.S. economy will grow by only 1.9% next year, down from 3.4% this year, and slower than […]

Iraqi Govt Won’t Recognize Kurdistan Oil Contracts

Iraqi Oil Minister Hussein al-Shahristani said in remarks published Sunday that the federal government in Baghdad won’t recognize oil contracts signed recently by officials of the Kurdistan Regional Government. rigzone

Russia in threat to turn off gas to US giants

THE American oil companies Chevron and ConocoPhillips could be shut out of a massive Arctic gas project in a sharp chilling of trade relations between Moscow and Washington. timesonline

Biofuels

Ms Richardson says mandates or targets that impose minimum biofuel levels to be used in fuel have proved particularly popular in a number of countries as a means of ensuring a market for biofuels through the creation of compulsory demand. This is the mechanism outlined in the Ministry of Transport scoop

Honda Showcases FCX Concept, Sets 2008 Market Entry

In a press event at its R&D facility north of Tokyo, Honda showcased its FCX Concept fuel cell vehicle (earlier post), putting it through its paces on the test track at about 100 mph. The company says it plans limited marketing in Japan and the US for the vehicle starting in 2008. greencarcongress

Chevron and Los Alamos Jointly Research Oil Shale Hydrocarbon Recovery

Chevron Corporation and Los Alamos National Laboratory (LANL) have created a joint research project to improve the recovery of hydrocarbons trapped in oil shales and slow-flowing oil formations. greencarcongress

Bus To The Future-Methanol Fuel Cell/Battery Hybrid

DeKalb and Sycamore were treated to multiple showings of the Generation II fuel cell transit bus, developed by Georgetown University and NuCellSys. The 40-foot-long, 36,000 pound transit bus is powered by a methanol fuel cell battery hybrid system. Georgetown already has begun work on a Generation III bus, expected to be completed in 2008. The […]

Past the Peak: actions everyone can take for the possible end of an era

From fossil fuel plus nuclear sources, worldwide we use the energy equivalent of a billion barrels of oil every five days, said Jeffrey J. Brown, an independent petroleum geologist from the Dallas area, addressing a recent conference hosted by the Houston Peak Oil Progressives. We burn through the energy equivalent of Prudhoe Bay every 60 […]

Russia Snubs U.S., Redirects Gas Flow to Europe

A plan to give Europe access to a substantial amount of natural gas from the giant Shtokman field originally earmarked for the U.S. market is a direct consequence of U.S. policy toward Russia on WTO membership and sanctions on Russian defense exports, Russian newspapers reported on Monday, Sept. 25. The apparent change of thinking on […]

What Can Yuppies and Boomers do to Prepare for America’s Collapse?

The first personal profile I will consider is of “Chris”, a professional in his twenties, who lives in a large urban area in the Pacific Northwest. Chris earns some $60,000 to $90,000 a year, contributes to his employer’s 401-k program, and carries massive student debt. Thankfully, he is in good health. Among his many marketable […]

Oil peaks, valleys, plateaus and plains

The world oil market has been a constant source of frustration for economic forecasters of late. Have the laws of economics been rescinded? The short answer is no. The basic facts are straightforward. After plunging to a valley of US$10 a barrel during the global financial crises of the late 1990s, oil recovered to average […]

Green power station proposal to fire up Highlands economy

PLANS for a wood-burning power station capable of supplying electricity to 40,000 homes in Scotland have been unveiled. The The combined heat and power plant would use locally-sourced wood as fuel and have an output of more than 18 megawatts. Energy firm Tanaris, which has signed an agreement with Alcan Aluminium to develop the plant […]

State red tape trips up green energy efforts

Sacramento — As Gov. Arnold Schwarzenegger prepares this week to sign into law the nation’s most ambitious effort to address global warming, a key component of California’s push to reduce greenhouse gas emissions — increasing the use of renewable power to create electricity — has faltered. Despite overwhelming public and political support for renewable power, […]

Showcase pipeline fuels global gas flames

At first sight, there is nothing hi-tech about the vast, rusty vessel that appears to float in the air above the choppy, three-metre waves. Seen from a helicopter, Acergy Piper is clearly too small to be an oil platform, but it does not look like a ship either. If anything it resembles a set from […]

With Prices Falling, Gas May Lose Its Electoral Punch

AMERICA, the cost of filling up your Hummer just got $16 cheaper. The price for a gallon of regular gasoline now averages just under $2.50 nationwide, according to the Energy Information Administration. While that is not exactly cheap, it beats the $3-plus per gallon seen as recently as last month. (For those keeping score at […]

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