OGDCL Pakistan to Undertake Offshore Exploration in Arabian Sea

The government Thursday executed an Exploration License (EL) with Government Holdings (Pvt) Limited (GHPL) and Petroleum Production Sharing Agreement with GHPL and Oil & Gas Development Company Limited (OGDCL) over Block No.2267-1 (OffshoreIndus-R), covering an area of 1,492sqkm located in the Arabian Sea. OGDCL will invest an amount of US $ 1.1352 million during the […]

Draft law keeps oil in Iraqi hands: officials

Iraqi officials insisted Wednesday that a controversial bill due to be submitted to parliament will keep the country’s oil wealth in Iraqi hands and benefit all of its warring communities. “Under no circumstances would Iraq relinquish its authority, its responsibility and its control over Iraq’s natural resources,” Oil Minister Hussein Shahristani told reporters in the […]

Kuwait readies for possible US-Iran war

The Kuwaiti parliament is scheduled to hold a special debate on May 1 on the government’s readiness for any military confrontation between the United States and Iran. Washington has said that it would prefer to address its concerns about Tehran’s nuclear programme diplomatically but has refused to rule out the option of military action. It […]

Imports to meet half of China`s gas demand by 2020: Report

China’s gas consumption will rise to 100 billion cubic meters by 2010, almost double the figure for last year and well beyond domestic production. China might produce 100 billion cubic meters of natural gas by 2020, but consumption will increase by 11 per cent to 13 per cent to reach 200 billion cubic meters by […]

EU Official: Mistrust Between EU, Russia

The European Union’s relationship with Russia risks going badly wrong as mistrust _ particularly over energy issues _ builds on both sides, EU Trade Commissioner Peter Mandelson was slated to say Friday as he calls on Moscow to make reforms. Relations between the EU and Russia “contain a level of misunderstanding or even mistrust we […]

Mideast looks to nuclear energy to save oil and gas

The Middle East is looking to nuclear energy as the only way to power its booming economies short of burning precious oil and gas reserves. Nuclear energy is enjoying a renaissance the world over as its green credentials and promise of secure supplies help to overcome worries about its safety. GulfTimes

Conoco sees US oil at $55-$65 in 2008

US oil prices will remain in the $55 to $65 range for the next year, ConocoPhillips CEO James Mulva said in an interview. “The consensus view is somewhere between $50 and $65 a barrel and I don’t take issue with people who are saying we are going to see it between $55 and $65,” Mulva […]

Opec set to trim April oil output, say consultants

Opec, excluding Iraq and Angola, is set to trim oil output in April due to lower sales from Iran, which sold more than previously thought in March, a consultant said yesterday. OpecGulfTimes

Risk to the Petro Dollar from Iraq War and Iranian Crude Oil Echange

The focus on gold and the USDollar alone lacks a crucial factor in maintaining the world currency reserve on its fragile pedestal. The PetroDollar is a term used to describe the close relationship between the USDollar and the crude oil export business dominated by Saudi Arabia , manifested in the superstructure of the global banking […]

Enormous Oil Reserves Stored In North America

Oil from sand. Sounds incredible, but it’s true. Oil reserves of some 24 billion tons are stored in the oil sands of the Canadian province of Alberta. Beneath a surface of 140,000 square kilometers, there is theoretically as much oil as in Saudi Arabia. Until recently, the extraction of the raw material (huge amounts of […]

Australia’s epic drought: The situation is grim

Australia has warned that it will have to switch off the water supply to the continent’s food bowl unless heavy rains break an epic drought – heralding what could be the first climate change-driven disaster to strike a developed nation. The Murray-Darling basin in south-eastern Australia yields 40 per cent of the country’s agricultural produce. […]

China claims to have created first artificial snowfall

Chinese weather experts claim to have triggered the first artificial snow showers by releasing tiny particles into clouds over the Tibetan plateau. The experiment was hailed as a success for the drought-stricken region, where freshwater lakes are drying up as warmer temperatures force thousands of glaciers into rapid retreat. guardian

EU plans shipping emissions cap

Carbon dioxide emissions from shipping are thought to be double those of aviation and could rise by as much as 75% in the next 15 to 20 years if world trade continues to grow and no action is taken While aviation has come under heavy pressure to cap its CO2 output in order to contribute […]

Pig fat to be turned into diesel

A solution for the world’s energy crisis may come in the form of a pig. American oil company ConocoPhillips and Tyson Foods, the world’s biggest meat producer, have announced that they will produce diesel from pork fat. bbc

Catalytic converters, which are fitted to all cars to reduce harmful emissions, are increasing levels of other toxic gases that can be hazardous to human health, according to scientists. They say that the benefits of the devices, which clean poisonous gases such as carbon monoxide from exhaust fumes, are being offset by the production of […]

Eurostar promises carbon-free travel

Eurostar, the high-speed rail service between London, Paris and Brussels, is set to become the world’s first “carbon neutral” train operator. Eurostar also said it was joining companies such as Marks & Spencer by unveiling plans to cut its carbon dioxide emissions. In Eurostar’s case, the target is a 25 per cent reduction by 2012. […]

Climate Change Will Affect Women More Severely Than Men

The report, Gender and Climate Change (available here as a PDF), concludes that women are more severely affected by climate change and natural disasters because of their social roles and because of discrimination and poverty. To make matters worse, they’re also underrepresented in decision-making about climate change, greenhouse gas emissions, and, most critically, discussions and […]

A Warming Trend for Putting Wood Waste to Work as Fuel

A mountain of wood — broken rafters, studs and floorboards recovered from demolished houses — rises on a lot here. In a few million years, geologic forces could make it oil. Entrepreneurs are hoping to do it this month. The pile of debris is growing as welders join the last pieces of machinery to convert […]

Six European regions launch renewable-energy network

The Renewable Energy Regions Network (RENREN) aims to enhance co-operation between local administrations and companies on biomass, wind, oceans, solar, geothermal and hydro-energy.The network, launched on 17 April in Brussels, includes the regions of Oberoesterreich (Austria), Schleswig-Holstein (Germany), North Sweden and Wales (UK), as well as small European states Cyprus and Iceland.Each was selected because […]

Finnish oil major eyes Indian jatropha

Jatropha, a wonder plant grown in India, might soon fuel cars in Europe with Finnish oil and refining major Neste Oil considering importing it for its upcoming bio-diesel plants. ‘We are continuously looking for ways to expand our raw material base for NExBTL (the second generation bio-diesel developed by Neste), and in this search the […]

Norway plans zero emissions by 2050

Norway will aim to cut its greenhouse gas emissions to zero by 2050, the Prime Minister of Norway has said today. In the the most ambitious national plan against global warming, Jens Stoltenberg said that Norway wanted other rich nations to set similar “carbon neutral” aims. “Norway would be the first country in the world […]

Russia opened 37 new oil and gas fields in 2006

Last year 37 oil and gas fields were opened in Russia, the Natural Resources Ministry said Wednesday. “In 2006, about a thousand exploration licenses were issued, while prospecting for oil and gas as a rule takes three to four years,” the ministry’s spokesman said. He said that initial exploration is sponsored through the federal budget, […]

British Gas goes green to win new customers

Green may be the colour you go when you get your latest British Gas bill, but the company is hoping for a different kind of association as it bolsters its environment-friendly credentials. The Centrica subsidiary is launching a new business aimed at winning customers concerned about their carbon footprint or eager to save money by […]

Ethanol boom may boost US natural gas prices

The U.S. ethanol boom could push lofty natural gas prices even higher as the explosion of new distilleries and a soaring corn crop raise industrial and agricultural demand. Ethanol refineries tend to use natural gas-fueled boilers, and natural gas is also used in the production of fertilizer for corn, which is the main feedstock for […]

Khartoum reaps oil-fuelled boom

Khartoum, Sudan’s capital, is in the throes of a construction boom, partly fuelled by the burgeoning oil industry. Under the Al-Mogran Development Project, two five-star hotels are being built, as well as two new bridges across the Niles, and a new airport building. Malaysia’s Petronas and the China National Petroleum Company (CNPC) are putting up […]

Tearlach Resources: Renewed Production at One of World’s Giant Oil Fields

Tearlach Resources Ltd., (www.tsx.com) (TSX VENTURE:TEA) announces returning to production of one of the world’s giant oil fields (Klett, Schmoker, (2003)). The Company’s approach and technology breathes new production life into the old field, with million barrels of oil that were left in the ground beyond reach. The Kern Front Oil Field, already produced 165 […]

Europe and its neighbours join forces for renewables and energy efficiency

As awareness grows of humankind’s hand in climate change, the question of how Europe and its neighbours are to ensure a secure supply of energy in future has become the focus of increasing public attention. The German government has made energy one of the major issues of its EU Presidency. In order to accord renewable […]

US Oil Firm Hopeful about Renegotiations with Venezuela

U.S.-based oil company Chevron says it is continuing to negotiate new contracts with the Venezuelan government for the firm’s operations in the country. From Miami, VOA’s Brian Wagner reports that Venezuelan President Hugo Chavez is demanding a greater share of control over foreign oil operations. voanews

China plans uranium strategic reserve to back its nuclear power sector

China’s Commission of Science Technology and Industry for National Defense said China plans to set up a national uranium strategic reserve to ensure that its nuclear industry is backed by a stable and reliable fuel supply. The commission’s report, the 11th Five-Year Plan for the Nuclear Industry,” said the nation will identify and encourage careful […]

What’s behind the red-hot uranium boom

Uranium is hot, and it’s not just because of its protons and neutrons.While demand for the metal has been steady, it’s expected to surge as a host of new nuclear plants come online in coming years. And supplies are running short, thanks to severe flooding at two of the world’s biggest mines and a dwindling […]

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