Petratherm positive on hot rock energy

A company pioneering a process to extract energy from “hot rocks” below the earth’s surface says it could be providing energy for commercial use within three years. Petratherm Ltd, which announced a $30 million energy joint venture with Beach Petroleum Ltd for its Paralana project in South Australia, is preparing to help provide energy to […]

Russian oil company under investigation

Another Western-financed Russian oil company is under investigation by the Kremlin for alleged tax fraud. Russneft, a mid-sized producer backed by Switzerland’s Glencore, is being scrutinised by the Russian Interior Ministry. Documents have been seized and senior executives, including Mikhail Gutseriev, the company president, questioned.Russneft has grown to a 300,000-barrel-a-day oil company in just four […]

Taiwan: Used cooking oil to be turned into biodiesel

The Environmental Protection Administration (EPA) announced that starting from July each household will be required to recycle their waste cooking oil that will go into the production of biodiesel. Made from waste cooking oil or rapeseed and soy, biodiesel can be used in place of or mixed with regular diesel as fuel in machinery to […]

Energy tops Indo-Russian priority list

The array of agreements signed last week during Russian President Vladimir Putin’s visit to India indicates that while India might have warmed significantly to the United States over the past decade and dramatically since his last visit to the subcontinent, the India-Russia relationship hasn’t cooled either. Nine agreements in areas ranging from energy and space […]

A number of Western diplomats and technical experts close to the Iran newstandardnews

China exerting more efforts to save energy and reduce emission in 2007

China will make more efforts this year to save energy and reduce emission in every sector of the national economy, Zhu Hongren, an official with the National Development and Reform Commission (NDRC), said Monday. people

How to Pick Energy Efficient Replacement Windows that Save You Money

Any homeowner trying to lower his or her monthly utility bills must start with the biggest offender in the house theopenpress

Oil And Gas Companies Ready Drilling Projects For Newly Melted Arctic

Global warming caused by fossil fuel emissions is rapidly melting the Arctic. Sea ice coverage this past March thinkprogress

GE sees global oil, gas reserves lasting at least 100 years

Global hydrocarbon reserves will last at least 100 years, although they will become increasingly more difficult to access, GE Oil & Gas Chief Executive Claudi Santiago said Monday. marketwatch

Senators to Propose Gas Tax for Road Projects

A bipartisan group of senior state senators intends to offer legislation this week that would rely on a sales tax on gasoline to finance billions of dollars for road construction and maintenance, according to a draft of the plan, which will be presented as an alternative to a precarious compromise proposal for transportation funding. washingtonpost

Bio-Tech Breakthrough Could Help Oil Addiction

What if gasoline, diesel and jet fuel could be made without oil and made instead with sugar? An Emeryville-based company founded by U.C. Berkeley scientists is on its way to doing just that, with staggering environmental and economic implications. abclocala>

Exxon drilling very close to home

Exxon Mobil, the oil conglomerate whose operations span the globe, is now drilling for natural gas very close to home, according to a news report Monday. The world’s largest publicly traded oil company, by market capitalization, has begun drilling in the Barnett Shale gas field around Forth Worth, Texas, said The Wall Street Journal. CNN

Bush ‘17 Biofuel Goals Technically Feasible-USDA Official

U.S. President George W. Bush’s alternative fuel goals for the next 10 years are “technically feasible”, according to U.S. Department of Agriculture’s undersecretary for rural development, Thomas Dorr. Last week Bush proposed a mandatory alternative fuels standard to use 35 billion gallons of renewable and alternative fuels in 2017. This would be about seven times […]

Idea fosters cost-efficient ethanol production

An engineer looks at refining a byproduct into methane, and using that gas to power the plant. Patrick Hirl, an engineer with Muscatine-based Stanley Consultants, believes he’s figured out a way to make ethanol manufacturing more energy-efficient by unlocking additional energy already contained in corn plants. Hirl, who has applied for a patent on his […]

BP says biofuels face drawbacks

Production growth will have to depend on new technology to supply transport fuels. LONDON (Reuters) — Biofuels could supply up to 30 percent of the world’s transport fuels by 2030 but the scope for major growth will depend on new technologies, the head of BP’s biofuels business said Monday. “The future of this industry is […]

The Oil Drum: The Farmers and the Ethanol Research…

In the State of the Union message this past week, the President gave, as part of his solution to the increasing problems of gasoline supply, an increasing emphasis on ethanol. There has been some considerable debate about whether this will work, but I thought I would follow a couple of different thoughts today. The first […]

Lithium surge lacks staying power

…The excitement around new battery technology is understandable, given that energy storage is one of the biggest bottlenecks of innovation facing the planet. What’s not as justified is the fixation on lithium-ion batteries. Just ask William Tahil, research director with Meridian International Research, a technology consultancy based in France. Tahil recently authored a paper titled, […]

Mexico’s Oil Output Cools

Daily output at Mexico’s biggest oil field tumbled by half a million barrels last year, according to figures released Friday by the Mexican government. The ongoing decline at the Cantarell field could pressure prices on the global oil market, complicate U.S. efforts to diversify its oil imports away from the Middle East, and threaten Mexico’s […]

U.S. could become net corn importer

CHICAGO – The United States could shift from the world’s largest exporter of corn to a net importer as its burgeoning ethanol industry continues to expand, but in the meantime sales abroad are poised to rise as farmers boost acreage to cash in on decade-high prices. “We will certainly have the opportunity to export at […]

N.Y. firm pumped about Russian oil

…The United States is sitting on an energy land mine, said David Zaikin, the founder, chairman and chief executive of Siberian Energy Group Inc. of New York. The firm owns seven oil assets as part of a joint venture covering 1 million acres in western Siberia and 90% of the gas assets in the Russian […]

Bulgaria’s PM Visits Plunged-in-Blackout Albania

The impact of Bulgaria’s nuclear units closure is one of the main topics to be discussed during the official visit of Bulgaria’s prime minister in Albania. Albania is suffering from electricity-supply restrictions in the wake of the shut down of Bulgaria’s nuke units 3 and 4 at the end of last year. The energy crisis […]

Energy: Hot topic for America

Gas prices may be lower right now, but most Americans seem to understand that energy is going to be everybody’s problem in the long run. So what policies should this nation follow to get us to where we ought to be – a measure of “energy independence,” reasonable costs, alternatives to fossil fuels, conservation and […]

Climate change hitting developing countries worst, says UN

JAKARTA (AFP) – Climate change is having an increasing impact around the world, with developing countries the worst hit and least capable of defending themselves, a top UN climate change official has said. “I think there is no doubt that more and more impacts of climate change are already being seen around the world,” said […]

Nigeria militants claim to free leader

PORT HARCOURT, Nigeria – The main militant group in Nigeria’s restive, oil-rich south said dozens of its heavily armed forces raided a prison Sunday and freed one of their leaders. Officials in the oil-industry center of Port Harcourt confirmed there was a prison break, but did not say who escaped. Officials said one passer-by died […]

U.S. consumers, companies feeling green

War, Katrina, mild weather prompt moves to conserve energy CHICAGO – It took a war, a deadly hurricane season and an unusually mild winter, but U.S. consumers seem ready to cut back on energy usage for good. While it Sales of Hummers — those over-sized SUVs that became the poster child for poor gas mileage […]

Oil sands woes will be resolved, energy board says

Alberta will overcome the difficult challenges facing oil sands development, the head of the provincial energy regulator says. “I firmly believe this will be very well organized and deliberately planned on the part of everybody to ensure this resource is extracted properly. We will make sure of that, because as an organization we can’t stand […]

Breakthrough Deal May Eliminate German Coal Subsidies

After months of negotiations, politicians and leaders from the coal industry reached a breakthrough Sunday night. Government subsidies — not jobs — are to be cut back drastically and may be history as early as 2018. Germany cannot afford long-term subsidies for the coal industry, Economics Minister Michael Glos told public broadcaster ZDF on Monday. […]

Global Warming May Affect Indonesia Isles

Rising sea levels because of global warming stand to inundate around 2,000 islands in Indonesia by 2030, the country’s environment minister said Monday. The assessment by Rachmat Witoelar was the government’s bleakest yet of the effects of global warming on the Southeast Asian nation that is made up of some 18,000 islands, most of them […]

Expanded Biofuel Production Expected to Drive Up Food Prices

Canadian consumers can expect to pay more for pork and other red meats and poultry down the road as North American livestock producers adjust to increased competition for grains that have traditionally been used to feed livestock.“The producers in the U.S. are very concerned.” Manitoba Pork Council Chairman Karl Kynoch explains, “Feed prices have gone […]

Green Groups Insist Biofuel Can’t Cure All Energy Ills

The goal of creating fuel from corn and rapeseed has long been to reduce oil and gas imports while lowering costs for energy companies and doing something good for the environment at the same time. But some groups in Germany say not all biofuels are created equal. “There should not be a green light for […]

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