60 pct of oil and gas execs believe: trend of declining reserves irreversible

Oil and Gas Executives say government involvement in supporting the development of renewable energy sources is necessary to alleviate the problem of declining oil reserves, according to the results of a survey conducted by KPMG LLP, the audit, tax and advisory firm. In the KPMG survey, which polled 553 financial executives from oil and gas […]

China’s oil demand growth strengthens in April

China’s implied demand for oil rose a modest 3.9 percent in April despite record high crude imports, picking up from March growth levels but still well below expectations for the full year, official data showed on Friday. Strong demand for fuel oil was the main driver of growth, as a surge in gasoline flows overseas […]

OPEC official sees no need for more crude

Crude oil supply does not need to increase because rising prices reflect bottlenecks in gasoline supply, OPEC’s head of research said on Friday, despite calls from consumers for more crude. “I think that pumping more crude into the market is not needed,” Hasan Qabazard, head of OPEC’s research division, told Reuters. “We have a bottleneck […]

India: Energy code soon for commercial buildings

Power minister Sushil Kumar Shinde will formally launch an energy conservation code for commercial buildings on Sunday. The code, if implemented fully, is expected to save about 30-35% energy consumed in each commercial building, whereas its mandatory enforcement is projected to yield an annual saving of 1.7 billion units in the first year itself. The […]

AFRICA: How to Turn The Curse of Oil Into a Blessing

Africa’s abundance in natural resources, especially oil, has been called a curse because of the fierce global thirst that exists for these assets.Millions of dollars are annually poured into Africa by international oil companies. Millions more are being spent in exploratory enterprises. It is a resource that is indispensable to the world economy. Therefore it […]

Malaysia, Indonesia Reaffirm Palm Oil Plan

The Malaysia and Indonesian governments Friday reaffirmed plans to set aside a combined 12 million metric tons of palm oil a year for biodiesel production despite uncertainty about the future of the industry.Both ministers said their governments would step up a campaign to counter allegations in the Europe and the U.S. that the expansion of […]

Renewable Energy

Recently, Worldwatch, in conjunction with the German Ministry of Consumer Protection, Food and Agriculture, in collaboration with the German Agencies for Technical Cooperation (GTZ) and Renewable Resources (FNR), initiated a global biofuels project. The primary aim of the project is to explore the global potential and implications of the large-scale use of biofuels for transportation. […]

North American Partners Expand Efforts to Cooperate on Energy

The United States, Canada and Mexico are preparing to give North American energy efficiency a boost. By June the three countries will develop a plan to further align and strengthen their energy efficiency standards, the first in a series of proposed efforts to advance cooperation on energy issues, according to U.S. Department of Energy (DOE) […]

Sonic enters into agreement for heavy oil process

Sonic Environmental Solutions Inc. has entered into an agreement with PetroSonic Energy Systems Inc. for the development of a crude heavy oil upgrading and processing system utilizing Sonic’s patented technologies. Under the terms of the agreement, PetroSonic will collaborate and fund the initial development of a new heavy oil Sonoprocess(TM) for the upgrading and processing […]

Oil trade growth seen in Mideast

Condensates and liquefied petroleum gas (LPG) should propel a major growth in oil trade in the Middle East, a senior official of Trafigura, the world bahraintribune

Iraq’s pending new oil law does not mention production-sharing contracts and will guarantee that 80 percent of oil reserves are managed by the Iraqi National Oil Company, the oil minister said in remarks published on Friday. todayszaman

Concentrating Solar Power Funding Opportunity Announcement

On May 24, 2007, the U.S. Department of Energy eere

Wind power is stymied by zoning rules

An orange flag marks where Gary Lisle planned to put up a 33-foot windmill behind his house. But that’s about as far as his green idea got in this Dallas suburb. Denied a building permit in March, Lisle joined the growing ranks of frustrated homeowners across the U.S. whose hopes of harvesting wind energy in […]

Alternative fuel for thought

The world’s reliance on crude oil as the fuel for transportation has to end, according to nearly a dozen speakers at the Future in Review conference this week. That’s not exactly a novel idea these days, but there’s plenty of debate surrounding the question of how people will consume energy in the future, whether it’s […]

European Parliament adopts declaration for the development of a hydrogen economy

A strong majority of Members of European Parliament (MEPs) signed a declaration to establish a Europe-wide hydrogen-based energy economy in a move that directly challenges the European Union bellona

Morocco to fund renewable energy

Morocco is set to become the first Arab League country to use government funds to push renewable energy sources. Observers say the country could in the long run sell electricity to Europe. In Europe, firms selling renewable energy technology such as wind rotors or solar panels could in turn export their goods to Morocco. Germany, […]

Mergers and Other Factors That Influence Gasoline Prices

The price of crude oil is a major determinant of gasoline prices. However, a number of other factors also affect gasoline prices including (1) increasing demand for gasoline; (2) refinery capacity in the United States that has not expanded at the same pace as the demand for gasoline; (3) a declining trend in gasoline inventories […]

Research Advances Energy Efficiency, Safety And Performance Of Public Transit

Rochester Institute of Technology’s Center for Integrated Manufacturing Studies (CIMS) and the Rochester Genesee Regional Transportation Authority (RGRTA) are collaborating on a joint research project designed to implement state-of-the-art vehicle monitoring technology into public transit fleets. The monitoring system will assist the fleet in increasing energy efficiency, improving vehicle performance and increasing overall safety. Ultimately, […]

The Oil Drum: Liveblogging Clean Tech 2007

In the middle of vacation, I’m taking some time to try to cover the Clean Tech 2007 conference in Santa Clara. I arrived Wednesday morning, missing most of the keynote speeches. When I got to the auditorium, Vinod Khosla was speaking. He was getting near the end of his presentation and toward the Q&A. (Summaries […]

Is there a real shortage of petrol, diesel? – Qatar

The mystery over the shortage of gasoline at filling stations across the country seems to be deepening with the suppliers maintaining that there are no production problems or distribution glitches. A number of filling stations said diesel and ‘Super’ petrol were particularly in short supply as stocks from Woqod (Qatar Fuel), suppliers of the petroleum […]

Shell Executive Says – Americans Must Back Off Gasoline Consumption

He calls on Americans to cut demand With gasoline prices topping $3 nationwide, many U.S. drivers and some lawmakers are accusing oil companies of intentionally keeping pump prices high to increase profits. But Rob Routs, Royal Dutch Shell’s top executive over global refining operations, said the situation the U.S. finds itself in today has been […]

Tehran ignores the bluff and bluster

The talks between the United States and Iran at the ambassadorial level, scheduled to take place in Baghdad on Monday, appear to have begun meandering even before they commence. As such, even if they are held, they may serve little purpose. But things needn’t be as gloomy as they seem. No one expects an immediate […]

Aabar makes new oil discovery onshore Indonesia

Aabar Petroleum Investments Company PJSC (AlBawaba

Central Asia

Central AsiaReuters

So, we’d be able to take OPEC to court

Congress thinks we aren’t paying enough for gasoline. That’s the only conclusion to draw from a bill, approved by the House on Tuesday, that would allow our government to sue OPEC members. The bill, which also has strong support in the Senate, would amend antitrust laws to make it illegal for foreign governments to curb […]

Stage set for oil price hike

Global oil prices could easily rally to record levels above $US80 ($NZ110) a barrel in coming months, analysts have forecast, due to Middle East tensions, red hot Chinese growth and a reluctant OPEC. But record high prices will not have the same impact on oil demand as in the past few years since consumers have […]

East China Sea talks test warming China-Japan ties

Today’s resumption of China and Japan’s attempts to resolve their dispute over gas exploration rights in the East China Sea will test the two countries’ dramatic ice-thawing talks in Tokyo last month. The Beijing meeting to draw up a joint development proposal is rich with potential for the newly minted “strategic relationship of mutual benefit”. […]

Finance min. says Russian oil-gas revenues to fall in 2008-2010-1

Russia’s oil and gas revenues will fall from 3.2% of GDP in 2007 to 0.6%-0.7% of GDP in 2008-2010, the Russian finance minister said in a report Friday. Addressing the lower house of Russia’s parliament, which Friday is considering the first reading of Russia’s first three-year draft federal budget for 2008-2010, Alexei Kudrin said: “The […]

Iraq to launch oil, gas blocks auction in H2 2007

A first licensing round of Iraqi oil and gas assets will be launched in the second half of the year, the country’s oil minister said on Friday. Iraq has previously said it planned to auction 15 onshore oil and gas assets once a new hydrocarbons law was passed. Oil minister Hussain al-Shahristani said earlier on […]

The Threat of Petrodollar

The petrodollar is awaking the US to a new fact: financial shock could come easily should countries like Iran and Venezuela choose to act according to more nationalistically motivated policies.MiddleEastOnline

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy