Botswana: Coal Production to Increase Ten Folds

The Permanent Secretary in the Ministry of Minerals, Energy and Water Resources has said that coal based projects will increase coal production for the country by more than ten folds by 2012. Speaking at the Coal Conference held at Gaborone International Convention (GICC) Center last week, Akolang Tombale said the planned expansion of the Morupule […]

Research must continue on biofuel technologies, says panel

Despite recent questions over the feasibility of biofuels, research into future biofuel technologies must go ahead. In order to reap the quickest and most sustainable results, an integrated approach involving all stakeholders should be taken. These were the resounding messages from a panel discussion on future research needs at an international conference on biofuels, which […]

Green future demands a radical shift in lifestyles for British

Meat-free menus, battery- operated cars and an end to affordable flights. These are among the radical visions outlined in a report which says Britain could be carbon neutral within 20 years – but only if major steps are taken to change our lifestyles.Tumble-dryers would disappear and an “armada” of wind turbines would need to be […]

Russia: Alfa Report Sees Trouble Looming in Oil Secto

Alfa Bank warned on Monday that “production stagnation is unavoidable” at the country’s oil fields and further downgraded its target prices for shares in most Russian oil companies. The dramatic worsening in its outlook was the result of the government’s reluctance to consider lowering taxes on oil firms and a higher proportion of water in […]

Dear oil is here to stay, so let’s explore what that means

The latest report from the International Energy Agency makes scary reading. You don’t have to be a “peak oil” doom-monger to believe the world faces an energy crunch. Investors, and everyone else for that matter, need to think through the implications of a significantly higher oil price.You can argue about when the gap between our […]

The world has two energy crises but no real answers

The world is, in fact, facing two energy crises. The first is rooted in scarcity and traditional power politics. It involves the struggle by the world’s largest and most energy-hungry economies to get hold of the natural resources they need. Just yesterday the International Energy Agency warned that the world oil market would be “extremely […]

Oil and gas interest bubbling in Yukon

The Yukon’s oil and gas industry is suddenly seeing signs of growth, as more companies are showing interest in energy exploration in the territory. This month, the territorial government is awarding Calgary-based Northern Cross Energy Ltd. 13 oil and gas exploration permits at sites in northern Yukon. CBC

Shell, Rosneft agree oil, gas cooperation accord

Royal Dutch Shell PLC and Russian energy group Rosneft have reached a strategic cooperation agreement covering projects in the oil and gas sectors, Rosneft said. The agreement was signed in Moscow on Friday by Rosneft president Sergey Bogdanchikov and Shell chief executive Jeroen van der Veer. hemscott

Shtokman offers hope of turning tide for big oil

It may be only a small success but the Shtokman field looks like a victory for international energy companies. Gazprom has said foreign companies will be allowed to share in the rewards and risks of the project developing the gas field as partners. FT

153 Global CEOs Call for Climate Action

The chief executives of 153 companies worldwide have committed to speeding up action on climate change and called on governments to agree as soon as possible on measures to secure workable and inclusive climate market mechanisms post 2012, when the Kyoto Protocol expires. The call was made in a business leaders statement issued at the […]

GSPI Algae-To-Biodiesel Phase II Demonstration Project Successful

Green Star Products, Inc. (GSPI) has successfully completed Phase II of its 40,000-liter Algae-To-Biodiesel Demonstration Facility in Montana. (Earlier post.) Phase II testing included pushing the survival environmental envelope of the developed algae strain (zx-13) utilized by GSPI. greencarcongress

Countdown to $100 oil (42) – IEA predicts shortages within 5 years

The world economy faces a tight oil market in the next five years on a combination of accelerating consumption and output falls in mature areas, such as the North Sea, and long delays in new production projects. The warning on Monday by the International Energy Agency, the energy watchdog, comes as oil prices surge above […]

Trident and Menova Leading the Way in Turning CO2 Into an Economic Opportunity

Trident Exploration Corp. (“Trident”) and Menova Energy Inc. (“Menova”) are pleased to announce they have signed a memorandum of understanding to form a corporation (the “Company”) that will be part of a consortium (the “Consortium”) to recycle CO2 emissions into biomass. The Company intends to utilize existing light capture technologies developed by Menova along with […]

IEA: World Biofuel Output To Double From 2006 To 2012

The International Energy Agency Monday forecast global biofuel output will double from 2006 levels to 1.75 million barrels a day in 2012. In its medium-term oil market report through to 2012, the agency, the energy security watchdog for the Organization for Economic Cooperation and Development, included its second annual report on biofuels. cattlenetwork

Have we reached the energy tipping point?

(CNN) — In late June, the U.S. Senate passed an energy bill that would raise gas mileage standards for the first time in 20 years and fund research on alternative energy sources. The bill’s proponents call it a breakthrough in the nation’s energy debate, saying the focus is shifting from reliance on fossil fuels and […]

Oil prices reach 11-month high

NEW YORK – Oil prices surpassed $76 a barrel Monday to reach their highest level in nearly a year after a global energy watchdog warned of a looming oil and natural gas supply shortage. August Brent crude rose 65 cents to $76.27 a barrel on the ICE Futures exchange in London, its highest point since […]

Whose bombs?

…So why Iran and why now? Nothing to do with oil, of course. It is merely a coincidence that in late June, a former White House energy consultant and NATO energy delegate Dr. Roger Bezdek, annoyed the Bush administration by demanding that it Bush administration officials have long been aware of the impending oil crisis. […]

Trinidad: An investment policy

A public policy paper entitled “A Green Paper on the T&T Investment Policy” by the Ministry of Trade and Industry has been put out for public comment. The paper says and I quote: “…oil and gas resources are finite. Consequently the critical issue in respect of sustainable economic development becomes how to increase GDP when […]

Gazprom aims to be first trillion dollar firm

Giant Russian energy firm Gazprom wants to be the world’s first firm with a stock market value of a US$1 trillion (HK$7.8 trillion), its deputy chief executive told the Sunday Times. Alexander Medvedev did not give a timetable for achieving the goal but the paper reported that executives at the firm, which is nearly half-owned […]

UK: Regulator hints at increase in powers

Regulator Ofgem may be given new powers to tackle Britain’s long-term gas and electricity needs and counter the short-termist investment strategies of companies that have been blamed for the UK’s energy crisis. Ofgem has written to power companies to tell them that it is to investigate the electricity market, and has asked for “initial thoughts” […]

Pennsylvania awakes to partial state shutdown

HARRISBURG, Pa. – The state museums didn’t open Monday. State parks were closed to visitors at the height of the summer tourism season, and many state services were idle because of a government shutdown that kept about 24,000 workers off the job. Gov. Ed Rendell shut down the Pennsylvania government late Sunday over a budget […]

Fossilized midges provide clues to future climate change

Fossilised midges have helped scientists at the University of Liverpool identify two episodes of abrupt climate change that suggest the UK climate is not as stable as previously thought. The first shift detected occurred around 9,000 years ago and the second around 8,000 years ago. Evidence suggests that these shifts were due to changes in […]

Coffeyville assesses damage from flooding and oil spill

COFFEYVILLE, Kan. | Contractors and environmental officials are considering cleanup options in this southeast Kansas town a week after 71,400 gallons of crude oil mixed with floodwater. The oil that spilled from the Coffeyville Resources refinery coated houses and lawns in a slimy, smelly goo. It prompted a class-action lawsuit in federal court against Coffeyville […]

Global warring

Climate change, and the resulting shortage of ecological resources, could be to blame for armed conflicts in the future, according to David Zhang from the University of Hong Kong and colleagues. Their research (1), which highlights how temperature fluctuations and reduced agricultural production explain warfare frequency in eastern China in the past, has been published […]

2 more foreigners kidnapped in Nigeria

LAGOS, Nigeria – Gunmen attacked an oil facility in restive southern Nigeria overnight and took two foreigners hostage, private security contractors said Monday. Several speedboats full of gunmen attacked the facility on Calabar River late Sunday night, the two contractors said, speaking on condition of anonymity because they are not authorized to talk to the […]

Michael J. Economides: Oil Towards $75, Again

There is an Even then, such a price, in a highly heterogeneous oil word because of just the kind of oil reservoirs and the physics of production, let alone government regulations and environmental concerns, would be the statistician

Expert says rising sea levels pose threat to rice

MANILA (AFP) – Rising sea levels triggered by climate change pose an “ominous” threat to some of the world’s most productive rice-growing areas, the International Rice Research Institute has warned. The Philippines-based institution is devoting fresh efforts to mitigating the coming threat, but senior climate scientist Reiner Wassman said adequate funding had yet to materialise. […]

Iraq minister: 140,000 Turkey troops on border

BAGHDAD – Turkey has massed 140,000 soldiers on its border with northern Iraq but so far there have been no violations, Iraq’s foreign minister said Monday. Hoshyar Zebari’s comments came amid calls by Turkey’s military for the government to give it the green light to carry out military operations in northern Iraqi against the rebel […]

Lessons of history

…Experts pondering how to tackle the threat are delving into history, exploring how civilisations of the past, facing similar perils, either coped or were wiped out. US academic Jared Diamond, author of Collapse: How Societies Choose to Fail or Succeed, says “ecocide” — ecological suicide — plays a greatly under-estimated role in the fall of […]

IEA sees oil supply crunch looming

LONDON (Reuters) – World oil demand will rise faster than expected to 2012 while production lags, leading to a supply crunch, the International Energy Agency said on Monday. In its Medium-Term Oil Market Report, the adviser to 26 industrialized countries said demand will rise by an average 2.2 percent a year between 2007 and 2012, […]

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