Iran seeks to make breakthrough in oil industry

Oil Minister Kazem Vaziri-Hamaneh said on Wednesday that Iran has signed more than 38 billion dollars deals during the past one and a half years in the field of oil, gas and petrochemical industry. Vaziri-Hamaneh made the remarks while addressing the inaugural ceremony of the 12th International Oil, Gas and Petrochemical Exhibit. Iranian

Russia’s Gazprom formally takes control of Sakhalin-2 oil-and-gas project

The Russian state gas monopoly OAO Gazprom formally took control of the huge Sakhalin-2 oil-and-gas project on Wednesday, after wresting a majority stake from Shell and its partners in a US$7.45 billion deal that consolidated the Kremlin’s command of Russia’s energy resources. Company representatives put their signatures on the agreement that sees Royal Dutch Shell […]

Sinopec mulls 60b yuan refinery for East China

China Petroleum and Chemical Corp, Asia’s largest refiner, is in talks to build a plant in eastern Jiangsu province at a cost of as much as 60 billion yuan (HK$60.63 billion) to tap rising fuel demand, a local government official said. Sinopec as the company is known, may build a refinery in the city of […]

Hannover Fair – Day 3

H2Logic fuelcelltoday

Udall, Enviros Want Oil Shale Development Slowed Down

The leases are part of BLM’s 10-year program to spur development of methods for commercial extraction of the massive resource. The Green River Formation that covers parts of Colorado, Wyoming and Utah holds as many as 800 billion barrels of recoverable shale oil, BLM says (Greenwire, Nov. 14, 2006). rigzone

Has daylight saving time fuelled gasoline consumption?

The U.S. government’s plan to save energy by advancing daylight saving time — and the copycat action by Canada — appears to have driven up gasoline consumption as motorists took advantage of the evening daylight to hit the road, a Calgary energy analyst says. Peter Tertzakian, chief economist at ARC Financial Corp., said the daylight […]

Price forecasts red hot for uranium

CIBC World Markets Inc. has raised its price forecasts for uranium oxide by 40 per cent, citing an environmentally driven renaissance in nuclear power and a gap between demand and supply for the metal. The firm’s chief economist Jeffrey Rubin said yesterday that he now expects the nuclear fuel, which is currently fetching $113 (U.S.) […]

A New Biofuel: Propane

MIT researchers say they have developed an efficient chemical process for making propane from corn or sugarcane. They are incorporating a startup this week to commercialize the biopropane process, which they hope will find a place in the existing $21 billion U.S. market for the fuel. While much of the attention on biofuels has focused […]

Excrement from elephants excites biofuel engineers

Scientists in the Netherlands have discovered a fungus that exists in elephant dung that will help them break down fibres and wood into biofuel. Bioethanol firms currently extract sugars from crops such as grains and sugar beet, but some are developing technologies to extract energy from fibre such as wheat bran, straw or wood. Scientists […]

Carbon tax threatens to ground Asia tourism

Asia’s US$100 billion international tourism industry is being put in jeopardy by a campaign by European environmentalists to limit air travel, with politicians poised to price long-haul destinations out of the market. The European Community plans to cap emissions on all aircraft flying out of Europe as part of a carbon-trading scheme that will take […]

Scotland can take the lead in renewable energy’s future

Scotland is the most natural country in Europe for renewable energy – but if it wants to retain its industry lead, further investment desperately needs to be ploughed into wave and tidal power in particular, local authority planning procedures need to brought up-to-date and the sector urgently needs more specialist staff. Those are the conclusions […]

China about to become biggest carbon emitter

China will overtake the United States as the world’s biggest emitter of heat-trapping carbon dioxide (CO2) either this year or next, the International Energy Agency has said. The estimate is much firmer than the IEA’s previous forecast, last November, that on current trends China would overtake the United States before 2010. “Either this year or […]

Is spring the new summer?

Following the second warmest winter on record two natural events suggest we have leapfrogged spring and moved straight to summer, a conservation charity said today. Following a weekend where some parts of the UK basked in temperatures 10C above the seasonal average, the Woodland Trust said flowering hawthorn and the return of migrating swifts indicated […]

Shell, Nuon Open First Dutch Offshore Wind Farm

The Netherlands’ first offshore wind farm, built by Anglo-Dutch oil giant Shell and Dutch power utility Nuon, opened officially on Wednesday. The companies invested over 200 million euros (US$270 million) in the 108 megawatt wind park on the North Sea, which also serves as a demonstration project to gain technical knowledge and monitor the affects […]

Innovation must for oil and gas growth

Application of innovative technologies and cooperation between governments, national oil companies and global oil enterprises will be imperative for the success of GCC oil and gas producers’ ambitious plans to expand capacity over the next 10-15 years. Major Gulf producers have announced plans to increase capacity by more than 50 per cent by 2020, equivalent […]

The Peak Oil Crisis: Have the Troubles Begun?

In recent years, numerous books have been written about life after world oil production peaks. Most depict radical change, as oil-powered transportation, suburban living, and large-scale food production and distribution wither. The truth is nobody really has a good idea about what is going to happen. The world has never been to peak oil before. […]

High-tech features that will save gas

Buyers who want to maximize fuel economy and reduce tailpipe emission, including CO2 (carbon dioxide), might want to look for these high-tech features designed to increase fuel economy: globeauto

No Problem? Shell’s Patent Application for Oil Shale Extraction

If they’re right, the US would add a truly vast amount of oil to its reserves. Indeed, the USA accounts for 62% of the world oil shale resources, and USA, Russia and Brazil together account for 86% in terms of shale oil content. Other countries with significant oil shale include, in order, Democratic Republic of […]

Russia to invest $1B in nanotechnology

Russia will pour over $1 billion into equipment for nanotechnology research over the next three years as it uses massive oil and gas export earnings to diversify an economy now heavily dependent on raw materials, First Deputy Prime Minister Sergei Ivanov said Wednesday. businessweek

Iraq’s oil reserves could double current estimates

Iraq’s oil reserves could be almost twice as vast as current estimates, and its production could also double in five years, a report from consultancy IHS has showed, the Financial Times reported on Thursday. channelnewsasia

PHEVs on the Global Engineering Agenda

Although the field is still relatively young, engineering issues concerning plug-in hybrid electric vehicles (PHEVs) received a great deal of exposure at this year greencarcongress

New Senate Bill Targets Gasoline Use Reduction of 45% by 2030

US Senators Jeff Bingaman (D-NM) and Pete Domenici (R-NM) introduced legislation to reduce the use of fossil fuels by improving efficiency in vehicles, buildings, home appliances and industrial equipment. Bingaman and Domenici are chairman and ranking member, respectively, of the Senate Energy and Natural Resources Committee. greencarcongress

Marine energy can be forecast

Widespread use of marine energy is about a decade away, says Roger Bedard, ocean energy leader for the Electric Power Research Institute. In 50 years or so, he says, 20% of offshore wave energy could be tapped practically. That, combined with tidal energy, could constitute 10% of all U.S. power sources. usatoday

Vanity Fair Profiles Arizona Scientist With Solution for Sea-Level Rise

Following decades of research, the Seawater Foundation promotes the use of natural seawater to irrigate salt-tolerant crops in previously unproductive lands of Mexico, Saudi Arabia, India, and East Africa. The process originates along natural sea coastlines, where shrimp and finfish are farmed, resulting in a nutrient-enriched effluent that is ultimately channeled inland to irrigate forests […]

Device Uses Solar Energy To Convert Carbon Dioxide Into Fuel

Chemists at the University of California, San Diego have demonstrated the feasibility of exploiting sunlight to transform a greenhouse gas into a useful product. Although carbon monoxide is poisonous, it is highly sought after. Millions of pounds of it are used each year to manufacture chemicals including detergents and plastics. It can also be converted […]

The Century of Roots

by A.M Samsam Bakhtiari The 21st century is still young as there are another ninety-three years to go. So it might sound over-ambitious to claim that ‘The Event of the Century’ is already behind us. But I’ll gladly take the risk; for I seriously believe that the peaking of the global production of crude oil […]

Peaking of world oil production: Recent forecasts

by Robert L. Hirsch Predicting the timing of a peak may not be possible, but inadequate investment could make geological considerations moot. Because oil is a depleting, finite natural resource, world conventional oil production will reach a maximum, or peak, after which production will decline.1 Using differing methodologies and information of widely varying quality, experts […]

Russia Plans World’s Longest Tunnel, a Link to Alaska

(Bloomberg) — Russia plans to build the world’s longest tunnel, a transport and pipeline link under the Bering Strait to Alaska, as part of a $65 billion project to supply the U.S. with oil, natural gas and electricity from Siberia. The project, which Russia is coordinating with the U.S. and Canada, would take 10 to […]

Groups challenge Shell’s Alaska drilling plans

ANCHORAGE, Alaska (Reuters) – Five environmental groups and an Alaska native organization said on Tuesday they were challenging the U.S. government’s decision to allow Royal Dutch Shell Plc (RDSa.L) to explore for oil off the northern coast of Alaska this summer. The groups asked the federal Interior Department to reverse the Minerals Management Service’s (MMS) […]

Chevron exec: Ethanol means no new refineries

WASHINGTON – A top Chevron Corp. executive said Tuesday the push to displace as much as a fifth of the country’s gasoline with ethanol will make it less likely the industry will build new domestic refineries. “We’ll take all the ethanol that corn growers produce. We’ll use that enthusiastically” as a 10-percent blend with gasoline, […]

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