UAE oil minister says oil price too low

Crude oil prices at current levels around $40 a barrel are too low to attract enough investment in new supplies, the oil minister for the United Arab Emirates said on Monday. Oil Minister Mohammed al-Hamli, speaking at a conference in London, also said he saw no sign yet of an upturn in the world economy.“The […]

Chevron silent on bribery allegations

US energy giant Chevron is under fire for failing to disclose the amount of money it paid to secure rights to drill for offshore oil in corruption-ridden Cambodia. ”It is yet to respond to our detailed questions in a letter written to the company in October 2008,” said Gavin Hayman, campaigns director for Global Witness […]

Silicon Substitute

Solar panels that are cheaper to make than the silicon versions that dominate the market today could play a key role in shrinking what many people consider to be solar power’s dark side: its high cost. These panels, based on a technology known as “thin film,” convert sunlight into electricity using little or no silicon, […]

Nigerian oil unions delay strike against kidnappings

LAGOS (AFP) “We are not going on strike tomorrow, but we are leaving our doors open,” PENGASSAN secretary general Bayo Olowoshile told AFP. He said talks were underway with National Union of Petroleum and Natural Gas Workers (NUPENG), the blue-collar union, to map out a strategy over the insecurity in the southern volatile oil producing […]

Venezuela fin minister says oil may fall to $20/barrel

CARACAS, Feb 8 (Reuters) – Venezuela’s finance minister believes oil could fall to $20 a barrel but not lower, he said in an interview printed on Sunday, and added that President Hugo Chavez’s government would try to avoid social spending cuts. “We have prepared different scenarios that go from $20 upward. We don’t think it […]

Drought starts to bite in northern Kenya

WAREGADUD, Kenya (Reuters) – Clouds of dust rising above the harsh scrub herald the arrival of more livestock at a borehole in northeastern Kenya, the end for some of a 45-km (28-mile) trek for water that must be repeated every few days. Drought is starting to bite in east Africa’s biggest economy and the government […]

New Study Weighs Impacts of Corn Ethanol

ST. PAUL, Minn. — A new study from the University of Minnesota finds that biofuel made from corn can be as harmful to the environment as gasoline, and that the combined costs to climate-change and health exceed that of gas. The study published in the Proceedings of the National Academy of Sciences also finds that […]

Another Wake-Up Call? Europe Remains Divided Over Energy Security Policy

BRUSSELS — January’s two-week gas shutoff following a pricing spat between supplier Russia and transit country Ukraine could not have taken Europeans by surprise. In January 2006, a similar conflict between the two countries led to a similar disruption. After that crisis, it was said time and again that Europe must become serious about energy […]

President Obama

Last week, President Obama ordered the DOE to set energy efficiency standards for many of our most common household appliances stating that this Energy efficiency regulations seem like they are becoming the first step of the Obama-Biden Administration in their attempt to lower carbon emissions. The government is preparing legislation that will provide tax credits […]

Art under threat from climate change: U.N. experts

OSLO (Reuters) – Art treasures in tropical nations are under threat from climate change which is likely to speed decay, U.N. experts said Sunday. “The art world is made of materials that bugs like,” said Jose-Luis Ramirez, head of the U.N. University’s program for biotechnology for Latin America and the Caribbean. “Climate change is a […]

Australia

Feb. 9 (Bloomberg) — Australia

SEEA Launches Energy Efficiency Competition

The Southeast Energy Efficiency Alliance (SEEA) has released a Request for Proposals (RFP) from cities and counties in the Southeast to compete for up to $500,000 to create and implement a community energy alliance. The program design is largely based on efforts underway in Cambridge, Mass., Cincinnati, Ohio, New York, N.Y. and the U.S. Virgin […]

Energy disarmament

Europe needs to coordinate infrastructure and policy to prevent the withholding of energy supply becoming a useful weapon Has the “energy weapon” of the 1970s Europe cannot afford to let this history make it complacent. In the wake of the repeated Russia-Ukraine dispute, Europe must react with the same decisiveness to diversify its energy supplies […]

Nigeria: Halliburton-KBR to Pay $402m Bribery Fine

Lagos The government filed a document in Houston Federal Court called a criminal information, spelling out the allegations, as well as a motion to waive certain procedures. The motion says KBR “agrees to all the facts alleged in the information,” and refers to a plea agreement, but Justice Department spokeswoman Laura Sweeney in Washington said […]

Gulf Arab growth to slow by half in 2009, says IMF

DUBAI (Reuters) – Economic growth of Gulf Arab oil exporters is set to slow by almost half to 3.5 percent this year as the Middle East earns about $300 billion less from crude oil exports, the International Monetary Fund said on Sunday. Saudi Arabia and five of its neighbours in the world’s biggest oil-exporting region […]

More Opec cuts to reverse price plunge

Opec members will further cut oil production when they convene next month to try to push up prices to at least US$70 ($131.60) a barrel, Iraq’s Oil Minister, Hussain al-Shahristani, said at the weekend. A series of cuts by the Organisation of Petroleum Exporting Countries has so far failed to stop the dramatic fall in […]

Russia’s Recession Squeezes Migrants

Millions of Foreigners, Lured by Oil Boom, Now Face Bias in Ethnic Backlash MOSCOW — A few years ago, Alisher Azizov traveled by train to Moscow from Tajikistan in search of a better life, and he found it. Working as a security guard and stock boy for a flower shop, the 32-year-old son of peasants […]

Will Children of Today Living in a World Powered by Renewable Energy by 2050?

By 2050, 80 percent of the world’s electricity could be coming from renewable energy sources provided efforts are made, in parallel, to improve energy efficiency, according to a study by the German Aerospace Center (DLR). That means, the children of today might well grow up to experience a world where the energy they use comes […]

An energy boomtown goes bust

Even as the national economy went into a tailspin, resource-rich towns like Parachute, Colo., were doing fine. Then natural gas prices began to plunge, and the pain began to rise. Reporting from Parachute, Colo. — Robert Knight was about to install wireless transmitters on eight new drilling rigs joining the thousands that dot the ravines […]

Dinner speaker gives warning about life without Alaska oil & gas

Recently retired State House Representative Ralph Samuels, first elected in 2002, earned a reputation in the legislature for his knowledge on oil and gas issues and Alaska

Writedowns cause loss at National Fuel Gas

The plunge in oil and natural gas prices forced National Fuel Gas Co. to absorb a $42.7 million loss during the first quarter, but the Amherst-based energy company …With energy prices down and credit very tight, National Fuel is trying to conserve its cash by halting stock repurchases, at least temporarily, and by trimming its […]

Potential Use of Methane Gas Generated from Renewable Resources

National Grid commissioned a Report from Ernst & Young, which was published on the 2 February 2009 with regard to the potential use of methane gas generated from renewable resources. The Report concludes that a total of up to 50 per cent of domestic household gas could be generated from renewable resources, such as the […]

Web site estimates solar and wind electricity potential

With all the talk lately about reducing carbon footprints and Nevada being the The National Renewable Energy Lab has created an online tool that might make the decision on installing solar or wind generation a lot easier. The energy lab recently launched an online application called In My Backyard which it says is capable of […]

Methane milk truck to hit road

A milk truck fueled by methane from cow manure — an idea developed in part in the Modesto area — will make its debut Wednesday in Tulare. The truck runs on methane extracted from manure at a Tulare County dairy farm that sends milk to Hilmar Cheese Co. Advocates say the technology can reduce diesel […]

Inquiry launched after pump station accident

A major investigation is under way into a Prudhoe Bay oil field incident involving a massive release of natural gas that could have destroyed Pump Station 1 of the trans-Alaska oil pipeline, a federal regulator said Friday. The company that runs the pipeline acknowledges a fire or explosion, had the gas ignited, could have imperiled […]

Town leans toward broad geothermal ban

Will the Town Board ban geothermal heating and cooling systems from Shelter Island altogether? Council members sounded like they were leaning in that direction during Tuesday’s Town Hall work session discussion of proposed rules and regulations. Geothermal systems, which are considered a sustainable

A View to a Spill: Coal Ash Slideshow

Since the day the waste storage pond broke at the TVA power plant in Tennessee, deluging downstream communities with toxic coal ash sludge, NRDC has been following the issue, assisting our local partners and pushing federal officials to respond. To get an eye-opening sense of the magnitude of this disaster, we invite you to take […]

Study focuses on aging oil, gas infrastructure

A long-awaited study of the risks posed by Alaska’s aging oil and gas infrastructure is beginning this fall. The study was an outgrowth of the spills, leaks and corrosion discovered on the North Slope in the past few years. Last year, the Legislature approved $5 million for it. Since then, the project’s been moving slowly. […]

Falling oil price could hamper Iraqi military -US

BAGHDAD (Reuters) – A collapse in oil prices will set back Iraq’s ability to rebuild, train and equip its maturing security forces as U.S. troops withdraw, the U.S. general in charge of efforts to train Iraqi troops said. “The budget is going to drive a lot of that this year. They are not going to […]

Nigerian military repels attack on Royal Dutch Shell gas plant, says it killed 3

LAGOS, Nigeria (AP) The military prevented the attackers from entering the production facility in Delta state, military spokesman Col. Rabe Abubakar said. He said three attackers were killed and one soldier was wounded. Anglo-Dutch oil giant Royal Dutch Shell PLC confirmed an incident at the facility run by its local unit at Utorogu. The company […]

« 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