ZIMBABWE’S energy sector is going through its most trying time in the post-independence era. As far as electricity is concerned, reports indicate that the whole of sub-Saharan Africa is facing shortages this year and beyond. AllAfrica
One of the worldWorldChanging
Aboard the HMCS Fredericton, Arctic Ocean – The largest-ever military exercise in the Arctic is under way this week to firm Canada’s disputed claim to this lonely region. “It’s a sovereignty operation” to counter grabs by Russia, Denmark, Norway and the United States, Brigadier General Chris Whitecross, commander of Joint Task Force North, told AFP. […]
China’s top oil and gas producer PetroChina (PTR.N: Quote, Profile , Research)(0857.HK: Quote, Profile , Research) plans to build its second refinery in southern China, the official Xinhua news agency said, quoting a company official. The planned plant, which would have capacity of more than 200,000 barrels per day (bpd), will be located in Zhuhai […]
Greece, Bulgaria and Russia earlier this year agreed to spend over $1 billion to build a 230-kilometer oil pipeline from Bulgaria’s Black Sea port of Burgas to Alexandroupolis on Greece’s Mediterranean coast. VOA’s Barry Wood reports from Alexandroupolis that when the pipeline is completed in 2011, fewer tankers will have to pass through the crowded […]
The Organization of Petroleum Exporting Countries says uncertainties about world economic growth are clouding the outlook for oil demand in the second half, dampening expectations that the oil cartel will begin to pump more crude to ease high prices. The 12-member group, which pumps about 40% of the worldPurchasing
MALAYSIA’S oil corporation Petronas is keen on taking a role in Saudi ArabiaBusinessTimes
Hurricane Dean formed in the open Atlantic early Thursday and headed toward the Lesser Antilles in the Caribbean, forecasters said. Hurricane warnings were issued for the islands of Dominica and St. Lucia by their local governments. Hurricane watches were in effect for the islands of Martinique and Guadeloupe and its dependencies, Saba and St. Eustaties. […]
Showa Shell Sekiyu, the Japanese unit of Royal Dutch Shell, will build a plant to make solar-powered cells in Japan, quadrupling its capacity. The company plans to construct its second factory in Japan’s southwestern prefecture of Miyazaki, at a cost of The oil refiner wants to tap growing global demand for solar power cells after […]
A leading Russian nuclear scientist said the country must adopt a federal targeted program on the research and potential use of fusion power as an alternative energy source by the end of 2007. A government meeting adopted Thursday the main provisions of a draft strategy for developing a fusion power industry up to 2015 and […]
BP Trinidad and Tobago has pledged to continue investing heavily in natural gas exploration, dismissing a recent report that found the Caribbean nation’s reserves will last only another dozen years. “I am confident that if everything is done right, Trinidad has resources to last for another 50 years,” bpTT President Robert Riley told a conference […]
Climate change is likely to trigger a “risk of hunger” in India by affecting cereal production by as much as 18 per cent because of floods and droughts, a UN agency has warned. Food and Agriculture Organisation (FAO) said India could lose as much as 125 million tonnes of its rainfed cereal production.“Rainfed agriculture in […]
Prof Boniface Kaningini, director-general of the university college Institut Superieur Pedagogique de Bukavu (ISO-Bukavu) and a biologist with at least 20 years of research on Lake Kivu, says studies show the amount of methane gas and carbon dioxide in the bottom of Lake Kivu has increased by 30 percent in the last 30 years.Despite the […]
Russia, China and the Central Asian states are expected to call for an intensification of energy ties and multipolarity as their leaders meet at a Shanghai Cooperation Organization meeting in Bishkek on Thursday. In a sign that cooperation within the SCO, which was created in 2001 to bolster security along the bloc’s borders, is gaining […]
South Korea unveiled an ambitious plan last week to raise the “self-sufficiency’’ level in oil and gas development from the current 3 percent to 28 percent in the coming decade by increasing production of its state-run and private companies abroad. Without concrete details, however, the government is criticized for only drawing a “hollow’’ picture amid […]
When will the country’s oil bourse finally start trading?The replacement of the oil and industry ministers is explained as a tactical move by the Iranian president to increase his control over areas that he believes key to economic prosperity.Ahmadinejad offered to drag the fledgling economy out of the mess it was in and oil revenues […]
A statement, signed by 419 Iraqi oil experts, economists and intellectuals, expresses grave concern that the newly proposed law would deprive Iraq from its most vital natural resource, oil, and give foreign oil companies ultimate domination over Iraq’s oil wealth. Iraq’s intellectuals demand a fundamental modification to the proposed law, and a referendum, the statement […]
Baltimore, MD–Today, the most popular oil sands extraction method is dependent on natural gas. And considering that 80% of bitumen is located deep underground, the question is whether or not there is a future for oil sands once Canadian natural gas runs dry. Over the last two weeks, a good number of you have been […]
Darfur not only hugely distracts from Iraq, it enables administration warmongers to quietly incite a confrontation with China over oil and, more generally, to build up the ad-hoc team of ‘humanitarian interventionists’ who can give full-throated support from the sidelines to all manner of yet to be determined future adventures. ‘Humanitarian intervention’ being the thin […]
WASHINGTON (UPI) — Although a recent deal to transport Iranian natural gas to Europe through Turkey could undermine U.S efforts to isolate IranIran, struggling to increase its natural gas production, also hopes to increase its sale of gas to Europe, and Turkey is a logical route for Tehran to pursue.
Dubai: Working in Opec’s second-largest producer could get even harder for international companies after the replacement of Iran’s oil minister on Sunday. Increasing US pressure to keep out, domestic political wrangling and what big oil companies see as poor terms have already made Iran a risky prospect. Those terms are unlikely to improve if President […]
The International Monetary Fund said economic growth in Iraq has been slower than expected as the violence-wracked country struggles to ramp up oil production above the current 2 million barrels a day. “Economic growth has been slower than expected at the time of the last (IMF economic review) mainly because the expected expansion of oil […]
WORLD agriculture is at a turning point: energy and climate change are redefining the global food situation. As demand for affordable energy increases, along with greenhouse gas emissions, bioenergy is increasingly seen as an economically and environmentally sound solution. The growing potential of biofuels appears to create a substantial opportunity for the world’s farmers in […]
NEW YORK: Global warming is by nature a big-enough problem to create the kind of necessity that could be mother, father and midwife to invention. And plenty of big ideas are out there to address it, some that may even lead to substantial enterprises, much as our military needs have. But ideas being backed in […]
As Russia staked a high-profile claim to the seabed under the Arctic Ocean, the countryRussia seeks to claim the potentially energy-rich seabed under the Arctic Ocean. From late July to early August, the Akademik Fedorov research vessel undertook an Arctic voyage, including deployment of the Mir-1 and Mir-2 mini-submarines to a depth of more than […]
The U.S. Department of Energy has released its 2007 Annual Plan for the Ultra-Deepwater and
Unconventional Natural Gas and Other Petroleum
Resources Research and Development Program.
A record number of drilling rigs are currently working in ultra-deepwater in the Gulf of Mexico. “For the first time, 15 rigs are drilling for oil and gas in 5,000 feet of water or greater in the Gulf,” MMS Director Randall Luthi announced today. “The continued increase in drilling activity is a show of confidence […]
Scientists checking if testing, drilling off Alaska would disturb habitat ANCHORAGE, Alaska – Scientists are searching this summer for one of the most precariously positioned animals on the planet The problem is that the area where the whales have shown up in surprising numbers in recent years overlaps an area the federal government earlier this […]
As the U.S. tries to free itself from Big Oil’s grip, larger biofuel producers look to stake their claim in a growing business. NEW YORK (CNNMoney.com) — Get ready: It may still be a fairly new industry, but there’s probably a big shakeout brewing in the fast-growing ethanol business. The rising cost of raw materials […]
Bob Dinneen, President & CEO of the Renewable Fuels Association (the same association that claims displacement of 170 million barrels of oil with 64 million BOEs of ethanol) wrote to Rolling Stone to complain about Jeff Goodell’s recent critical piece on ethanol…and of course he took a crack at “energy bloggers…”The Oil Drum
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