An unsustainable outlook

As major oil discoveries become rarer and as motorists face the highest petrol bills in a generation, the debate over whether the world is running out of oil is again rearing its head. In books, speeches and articles, and particularly on the internet, the doomsayers – known as “peak oil” theorists – are warning that […]

OPEC to Keep Oil Prices Low to Discourage Alternative Fuel Use

OPEC announced late last week that they were planning on cutting oil production by 1.2 million barrels per day in hopes to keep costs of crude at about $60 per barrel. This cut is intended to bring the cost of gasoline up a bit but to keep it low enough so as to be more […]

Solar energy not enough for Australia

Prime Minister John Howard said on Wednesday solar energy could not make a significant contribution to power generation in Australia. “Base load power is only going to be generated using fossil fuel or, in the long run, nuclear (power). tvnz

Total Sets Deadlines for Solar, Wind to be Viable

French oil company Total believes wind energy must prove it is competitive by 2020 and solar power must do the same by 2050 if they are to avoid being sidelined, it said on Tuesday. “The sun is a natural champion and has great potential,” Cochevelou said. planetark

Plutonium Or Greenhouse Gases? Weighing The Energy Options

…In an effort to capture that complete picture, Ewing compared carbon-based fossil fuels with nuclear power, considering not only the technologies involved but also the environmental impacts. Similar comparisons have been made between different energy-producing systems, “but in the case of nuclear power, such an analysis is difficult because there are different types of nuclear […]

North American Natural Gas Market, And Its Global Context

The most recent comprehensive study of the North American natural gas market was completed by the National Petroleum Council in 2003. That study projected continuing demand growth and declining indigenous production, and recognized that increased imports of LNG will be required. It recommended conservation, expedited licensing of facilities, and a further diversification of the energy […]

The Oil Drum: Fuel Prices As We Go over the Top…?

The first question asked by those hearing about fuel depletion is usually: “How high will prices go?”. The attitude is almost always that one will just have to pay up, as the fuel is essential. This is of course a recipe for extremely high prices, but just how prices will vary as the depletion process […]

Philippine workers evacuated after riot in Kazakhstan

MANILA (AFP) – Hundreds of Filipino workers have been evacuated from an oil-drilling site in Kazakhstan after a riot that left dozens dead and injured, the Philippine Department of Foreign Affairs said. About 447 Filipinos were moved to a safer part of the Bechtel run compound in Tengiz, western Kazakhstan, after a violent clash between […]

Thousands without gas after Pakistan pipeline blast

QUETTA, Pakistan (AFP) – Suspected tribal rebels blew up a key pipeline in southwestern Pakistan’s volatile Baluchistan province, leaving tens of thousands of people without gas, officials said. The pre-dawn blast suspended natural gas supplies to the provincial capital Quetta, as well as the Kalat, Mastung, Ziarat and Pishin districts, a gas company official said […]

U.S., EU hold climate talks despite Kyoto rift

HELSINKI (Reuters) – The United States and the European Union met on Tuesday in Helsinki to seek ways to curb greenhouse gases and promote clean energies, setting aside years of disputes over the U.N.’s Kyoto Protocol which caps emissions. Finnish Environment Minister Jan-Erik Enestam said that for now Kyoto was “dead in the United States,” […]

OPEC’s Cuts Signal Pricing Worries

OPEC delivered a stronger-than-expected message to skeptical oil markets at its “emergency” meeting in Doha, Qatar, on Oct. 19. The 11-nation cartel said that it would cut production by 1.2 million barrels per day — some 200,000 more than the oil ministers had been tipping to the market in recent weeks. In an attempt to […]

Nigeria: Enugu Residents Protest Power Outage

WILD protests, weekend greeted introduction of new pre-paid meter pilot project of the Enugu Distribution zone of the Power Holding Company of Nigeria (PHCN) as residents accused officials of disrupting power supplier. Enugu State Commissioner for Lands and Housing, Deacon Okey Ogbodo, alleged that the PHCN officials disrupted his supply unjustly and assaulted his wife […]

Climate change could lead to more failed states

LONDON (AFP) – Global warming is exacerbating disputes over access to water and food resources, and could lead to more failed states, British Foreign Secretary Margaret Beckett warned in an interview published in the Financial Times. “There are nations in a very delicate condition and (global warming) will tip some of them over into being […]

Energy: Russian Expert Addresses Europe’s Security Concerns

PRAGUE, October 24, 2006 (RFE/RL) — Russia is playing an ever-larger role in global energy politics — from Europe to Central Asia to Iran. Yelena Telegina, a member of the board of the Association of Russian Crude Oil Exporters and former board chairwoman of Rosneft, spoke with RFE/RL correspondents Claire Bigg and Breffni O’ Rourke […]

BP says Q3 profits jump 58% on asset sales

Oil producer BP Plc’s (BP.L) third-quarter replacement cost net profit rose 58 percent to $6.975 billion thanks to asset sales but still undershot analysts’ forecasts as production and refining margins fell. …The world’s second-largest fully-quoted oil company by market capitalization also ditched its 2006 oil and gas production target, saying it would produce only 3.95 […]

A Reason to Drill in the Gulf

It is time to make a serious effort to save the vanishing wetlands and barrier islands along the coast of Louisiana. The best chance is a bill passed by the Senate that would guarantee Louisiana and three other coastal states a share of oil and gas revenues from drilling in the Gulf of Mexico. The […]

Biggest wind power project is blown off course as residents fight back

Martin Bellis dries himself off with his towel and gives a wry smile when asked if he is not just another Nimby objector looking after his own patch of beach against the potential encroachment of a wind farm near Faversham, Kent. “No, I’m really not. I am a supporter of clean energy and really care […]

Uganda: Power Cuts Aggravate City Water Shortage

The General Manager of Kampala Water, Eng. Harrison Mutikanga, has attributed the persistent water shortage in Kampala to an increasing demand for water.He said the increased demand for water has been aggravated by the rampant power interruptions.All Africa

Tanzania’s Cabinet Reshuffle Sparked By Current Power Crisis?

As Tanzanians study the implications of the recent Cabinet reshuffle, it is beginning to emerge that a solution to the crippling energy crisis was a key motive in the mind of President Jakaya Kikwete when he effected the changes. The EastAfrican has learnt that the removal of Dr Ibrahim Msabaha from the critical Ministry of […]

Greed will trigger ‘ecosystem collapse’

A large-scale ecosystem collapse within 50 years is likely if current global consumption levels are not cut by half, an environmental group has warned. The WWF’s Living Planet Report, published every other year, said the natural world was being degraded “at a rate unprecedented in human history”. The report, released on Tuesday, showed relentless growth […]

Bush warns Opec over high oil prices

George Bush, the US president, has warned the oil-producing countries that high crude oil prices could wreck economies and reduce demand for their products. “I would hope that the Opec nations understand that high prices of oil could wreck economies, and if they wreck economies it means the purchasers will be fewer,” Bush said on […]

Russian energy roulette spooks Japanese

The imbroglio over the huge Sakhalin-2 oil-and-gas project in Russia’s Far East involving two Japanese firms has cast a cloud over resource-poor Japan’s new national energy strategy. It has also served as a fresh reminder that Japan’s economic power seems to have lost much of its luster, at least in the eyes of the Russians.In […]

Small islands suffered the most from high oil prices

The rising oil prices have become an urgent issue for the South Pacific small islands and territories with relatively weak economy, said their leaders Monday in Nadi, Fiji. Leaders of the pacific small island states (SIS) holding their 15th Summit said they’ve got the immediate concern on this issue, and are appealing for regional regulation […]

Nippon Oil, Toyota to develop biofuel

Nippon Oil Corp. and Toyota Motor Corp. are to jointly develop a new diesel fuel made from palm oil, in conjunction with the Malaysian state-run petroleum company Petronas, sources said Monday. The three companies will start joint research in fiscal 2007, and begin test production in Malaysia in fiscal 2009. It will be the first […]

Far away from Darfur’s agony, Khartoum is booming

Despite the image of Sudan as a land of cracked earth and starving people, the economy is booming, with little help from the West. Oil has turned Sudan’s economy into one of the fastest growing in Africa – if not the world – emboldening the nation’s already belligerent government and giving it the wherewithal to […]

Oil importers meet in Beijing demanding bigger say in price of oil

Top energy officials from major oil importers the United States, Japan, the Republic of Korea and India met in Beijing Monday with their Chinese counterparts to explore ideas about restraining and stabilizing crude oil prices. “The five giant oil consumers are turning from competitors into cooperators,” said Li Xiaogang with the Foreign Investment Research Institute […]

Oil Search warns on production

Oil output from Oil Search fell in the third quarter and the company has warned it will not meet its 2006 production forecasts. Oil production for the third quarter was 2.35 million barrels (Mmboe) compared to 2.539 Mmboe in the second quarter. Oil Search (osh.ASX:Quote,News) attributed the production shortfall to cargo-loading issues in the Gulf […]

Japan to lend Iraq $3.5 bn for oil, gas projects

Japan, which imports 99% of its oil, will lend Iraq $3.5 billion to finance three projects in southern Iraq aimed at helping the conflict-stricken country boost exports. The yen-denominated loan will finance the redevelopment and upgrade of a refinery in Basra, improvements to oil export infrastructure and a project to produce liquefied petroleum gas, Shin […]

Italy’s Eni makes new gas discovery in U.S. waters in the Gulf of Mexico

Italian oil and gas giant Eni SpA said Monday it has made a new gas discovery in U.S. waters in the Gulf of Mexico and is studying the possibility of starting to produce gas in the area. Eni said in a statement that the latest find occurred at the Longhorn North exploration well, 195 kilometers […]

Saudis: All Customers to See Less November Oil

“Saudi Arabia has already informed all its customers all over the world that it is cutting its supply by 380,000 barrels a day effective from Nov. 1,” the senior OPEC delegate told Dow Jones Newswires. rigzone

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