9 nations take control of Nile

After three years of closed-door talks, nine nations are quietly edging toward a deal to jointly oversee the waters of the Nile, an agreement that has eluded lands along the great river since the days of the pharaohs.[…]An observer of Nile diplomacy, Cairo political scientist Sharif S. Elmusa, said something else is missing, too. “There […]

Belarus avoids cold new year by bowing to Gazprom demand for price increase

The five-year contract will require Belarus to pay $100 per 1,000 cubic metres, a steep rise on the previous tariff of $45, but a reduction from the $105 that Gazprom had demanded. The agreement requires Belarus to pay gradually increasing prices after the current contract until world market levels are reached by 2011. “A mid-term […]

U.K.: Fuel bills could fall by 30%

The cost of heating and lighting our homes could fall following a 50% drop in the wholesale price of gas in 2006. One expert is predicting a 10% cut in the spring followed by further cuts to slash bills by up to a third. But savings of that size could take until 2008/09 to feed […]

Oil prices may cool in 2007 after record year: analysts

LONDON (AFP) – Crude oil prices could head lower in 2007 from current levels of about 60 dollars per barrel, as global production catches up with demand and geopolitical risks lessen, experts say. Despite hitting record highs in July, oil futures in New York ended the year about 1.5 percent lower than at the beginning […]

Huge Arctic ice break discovered

…The chunk of ice bigger than Manhattan could wreak havoc if it moves into oil drilling regions and shipping lanes next summer, scientists warned. “The Arctic is all frozen up for the winter and it’s stuck in the sea ice about 50km (30 miles) off the coast,” said Luke Copland, an assistant professor at the […]

US panel to review CNOOC-Iran gasfield development deal

WASHINGTON (AFX) – A US congressional committee will review a gasfield development deal between China National Offshore Oil Corp (CNOOC) and Iran to determine if US sanctions are called for against the Chinese company, a US lawmaker said. Congressman Tom Lantos, a California Democrat and chairman-elect of the House International Relations Committee, said that ‘when […]

Travel Habits Must Change to Make a Big Difference in Energy Consumption

WASHINGTON Almost everything Americans do uses energy, making the earth warmer and purses thinner, and often raising demand for oil from unstable places. People eager to reduce their consumption can take many steps, but the size of their benefit

The Polar Dash for Oil

…Nestled to the north – maybe under Santa’s workshop – could be the solution that the oil industry has been looking for. The U.S. Geological Survey suggests that the Arctic Circle may hold more that 25% of the world’s untapped reserves. And this number doesn’t reflect the vast unknown potential the area contains. Fact is, […]

Nissan to launch auto production in India

TOKYO (AFP) – Japan’s second largest automaker Nissan Motor plans to invest some 840 million dollars in construction of auto factories in India, a newspaper said. …The factory will turn out one-liter-class subcompacts, the daily said. Some 30 percent of the vehicles will be sold in India with the remaining 70 percent to be exported […]

Britain closes 2 oldest nuclear plants

LONDON – The two oldest commercial nuclear power stations in the world were closed down Sunday after 40 years of service, the British Nuclear Group said. Reactors at Dungeness A, southeast of London, and Sizewell A, in eastern England, were being shut down over a period of several hours, the group said in a statement. […]

World faces hottest year ever

A combination of global warming and the El Nino weather system is set to make 2007 the warmest year on record with far-reaching consequences for the planet, one of Britain’s leading climate experts has warned. As the new year was ushered in with stormy conditions across the UK, the forecast for the next 12 months […]

Ukraine still feeling gas pressure

It is ordinary Ukrainians who are being hit the hardest by the consequences of the dispute. In the last year, energy bills paid by householders have gone up by more than 100%. That has sparked anger, as Ukraine is one of the poorest countries in Europe. There has been a wave of action across the […]

Keys fear disaster if Cuba taps nearby oil

Horn and other residents of this vacation paradise are worried about news that the Cuban government has struck oil just a few dozen miles from this environmentally sensitive string of islands. “That’s absolutely scary,” Horn says. “The Keys don’t have sandy beaches, and you couldn’t just scoop up oil if there was a spill. If […]

Energy and the environment: will we be able to resolve the conflict?

1. Will the world’s increasing population make energy shortages inevitable? 2. Can China’s growing energy needs be met, or is a resource war between China and other major energy-consuming countries inevitable? 3. Is there a realistic hope that new and renewable energy sources will be found before pollution from the use of fossil fuels has […]

Concern for rainforest forces RWE to scrap palm oil project

A leading German utility has abandoned plans to convert a British power station to run on palm oil, in a blow to the promotion of biofuels in Europe. The decision by RWE npower to scrap the project at its Littlebrook plant in Dartford, Kent, which was seen as a test case for palm oil as […]

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