U.S. court strikes down Bush oil leasing plan

An appeals court on Friday struck down the Bush administration’s five-year plan for offshore oil and gas leasing, saying it was put into effect without proper environmental review. The U.S. Court of Appeals in Washington, D.C. ordered the Interior Department to rewrite the 2007-2012 plan, which was challenged by a coalition of environmental groups and […]

Just a FRAC away

If unconventional natural gas is a revolution in the making, so are the services required to make it happen. Industry spending patterns are shifting, with much bigger investments now being poured into operations below the ground. Traditional ways of doing business are changing. Multiple wells are drilled from single sites, known as LanguageInstinct

Saudi Khurais Field: Looks Like Easy Oil May Be Gone from Arabia, Too

Whether Khurais is currently on schedule or is seriously delayed is not quite clear. The Saudis have become masters of obfuscation over the years, using a wide-dispersion method of disclosure. Essentially, they get lots of of different people to give a range of timelines and projections on the future plans of Saudi Aramco. We do […]

Norway Oil Industry Seen At Risk If New Areas Not Opened

Norway’s oil and gas production and industry risk going into serious decline by the mid-2020s if a ban on exploration in unexplored offshore areas in the North isn’t lifted quickly, oil chiefs say. Combined oil and gas production from Norway, the second-biggest gas exporter to Europe after Russia, and the world’s fifth-largest oil exporter, is […]

The Ethanol Bubble Pops in Iowa

More evidence the fuel makes little economic sense. Dyersville, Iowa – In September, ethanol giant VeraSun Energy opened a refinery on the outskirts of this eastern Iowa community. Among the largest biofuels facilities in the country, the Dyersville plant could process 39 million bushels of corn and produce 110 million gallons of ethanol annually. VeraSun […]

Worst Environmental Problem? Overpopulation, Experts Say

ScienceDaily Overpopulation came out on top, with several professors pointing out its ties to other problems that rank high on the list.

Former Saudi Aramco CEO Warns of Oil Price Spikes

The U.S. and other economies may soon face vicious energy price spikes if governments pursue policy barriers to oil, coal and natural gas investment, the former chief executive of the world’s largest oil company warned Thursday. Policies such as increased taxes, dwindling resource access and penalties for emitting greenhouse gases – all actions President Barack […]

Energy world awash in change

Nansen Saleri isn Q: What are your thoughts about the economic downturn and the fall in oil and natural gas prices? A: I don

Revealed: Antarctic ice growing, not shrinking

ICE is expanding in much of Antarctica, contrary to the widespread public belief that global warming is melting the continental ice cap. The results of ice-core drilling and sea ice monitoring indicate there is no large-scale melting of ice over most of Antarctica, although experts are concerned at ice losses on the continent’s western coast. […]

Population growth poses threat to stability

When most people imagine the end of human existence, they think of a nuclear holocaust or perhaps a catastrophic meteor strike terminating the bulk of the population in one fell swoop. Few seem to contemplate a scenario of lingering but languishing cities buckling under the weight of famine and resource lack. No matter the signs […]

The good oil is that stocks are already running thin

AUSTRALIA’S abundant endowment of natural resources has provided a cushion against the need for energy security policies. No longer. Declining domestic oil production, refinery disruptions, extended supply lines, geopolitical turmoil and the carbon constrained future are all sending warning signals: Australia’s easy energy ride is over, and moves to encourage renewable transport energy sources are […]

When oil goes bust

The story of The Last Oil Shock has been told countless times. World oil production is expected to peak soon and then plateau The Last Oil Shock is written with wit, insight and sometimes contempt. Strahan brings the subject from the battlefields of West Asia, boardrooms in London and North Sea drilling platforms into your […]

Venezuela says OPEC should restore oil price bands

CUMANA, Venezuela (Reuters) – OPEC should create an oil price band of $70 to $90 per barrel if oil prices stabilize, Venezuela’s oil minister said on Friday, adding he expected prices to reach $60 per barrel by the end of the year. The Organization of the Petroleum Exporting Countries in 2005 abandoned a price band […]

Oil Shock and Inflation Ahead

Slogans are comforting and easy to learn. Since late 2008 the hard-worked slogan is that cheaper oil, today, is one of the few rays of sunshine for the recession-wracked global economy. Today’s variant of the mother slogan “High oil prices hurt economic growth” has little or no proof to offer, for example cheaper oil helping […]

Court blocks Bush-era Alaska offshore drilling

Interior Department is ordered to conduct environmental review WASHINGTON – A Bush-era program to expand oil and gas drilling off the Alaska coast was blocked Friday by a federal appeals court because of environmental concerns. The Bush administration’s Interior Department failed to consider the offshore environmental impact and marine life before approving an oil and […]

Pope to Pursue Heavenly Power in Europe

(Bloomberg) — On pasture land a day Advised by German solar-panel maker Solarworld AG, the Holy See is running counter to many governments that say harnessing sunlight on a grand scale is too costly to help curb global warming, especially in the deepest recession since World War II.

Climate change could worsen African "megadroughts"

WASHINGTON (Reuters) “Clearly, much of West Africa is already on the edge of sustainability, and the situation could become much more dire in the future with increased global warming,” said University of Arizona climatologist Jonathan Overpeck, a co-author of the study published in the journal Science. The Sahel is an area between the Sahara desert […]

Huge manhunt over $40 million Army fuel theft

Ex-military contractor has been convicted, now helping with global search ALEXANDRIA, Virginia – A former U.S. Army contractor convicted of stealing $40 million worth of fuel from a military base in Iraq is helping authorities in a global search for other suspects in the case, according to court records. One suspect has already been arrested […]

Energy Secretary Chu, on Power Sources Old and New

Steven Chu has likened his arrival in Washington as President Obama’s energy secretary to being thrown into the deep end of the pool — and he boasted this week that he hadn’t yet drowned. The Nobel Prize-winning physicist and PhD moved from running a research lab in California to taking over a sprawling federal agency […]

Just what is it with evangelical Christians and global warming?

Just what is it with evangelical Christians and global warming? I doubt we’re ever going to get a satisfying answer to this long-running question, but it is being raised yet again by the publication yesterday of a survey by the Pew Forum on Religion & Public Life. The poll canvassed views on climate change among […]

UK: Back to the dark ages

Reckless government spending, the economy in meltdown, a floundering prime minister … in 1974 this all led to the infamous three-day week, when emergency electricity restrictions forced people to work by lamp or candlelight, if they worked at all. In an extract from his new book, Andy Beckett tracks down some of the winners and […]

EPA takes first step toward climate change regs

WASHINGTON (AP) The EPA will announce its proposed finding Friday, triggering a 60-day comment period before issuing a final ruling, said congressional officials who have been briefed by the agency. They spoke on condition of anonymity because an announcement had not yet been made. The EPA has concluded that the science pointing to man-made pollution […]

UN forum on forests; Analysis shows forests becoming net carbon sources

New York …The warning from scientists that forests are in danger of flipping from a net sink to a net source of carbon emerged from an exhaustive analysis of how different forest ecosystems worldwide would be affected under specific climate change scenarios developed by the Nobel-prize winning UN Intergovernmental Panel on Climate Change (IPCC). In […]

BP Thunder Horse Ramps Up To Over 300,000 BOE/D In Mar

Emerging from years of technical problems, BP PLC’s (BP) Thunder Horse platform has significantly ramped up its oil and gas output – making the company the largest producer in the U.S. Gulf of Mexico. A document on BP America’s Web site said that the deepwater platform was producing about 300,000 barrels of oil equivalent a […]

Brazilian oil chief: unlikely to join OPEC soon

Brazil is unlikely to join the Organization of Petroleum Exporting Countries anytime soon, despite overtures from the cartel, the head of the nation’s state-run oil company said Thursday. Petrobras CEO Jose Sergio Gabrielli told The Associated Press that his company isn’t yet a big enough oil exporter to warrant joining the organization. “To join OPEC, […]

Mexico

Oil output at MexicoCalgaryHerald

Challenges to grow with electric cars' sales

President Barack Obama and others are calling for a boom in electric vehicle production, which seems simple enough on the surface: Build the cars and plug them in. If only it were that easy. When a Chevrolet Volt is plugged into a 240-volt outlet, it will use about 3.3 kilowatts of power, or about the […]

Tesla's Elon Musk: the democratisation of electric cars is speeding up

Just as no credible scientist questions whether the world is getting warmer, no credible automotive engineer questions whether electric vehicles (EVs) are more energy efficient than internal combustion engine vehicles or hybrids. The automotive industry, which for years experimented with hydrogen fuel cells, biofuels and other alternatives, has reached a clear consensus: the future is […]

Oilwatch Monthly April 2009

Latest available figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates decreased by 1.02 million b/d from December 2008 to January 2009, resulting in a total production of crude oil including lease condensates of 71.69 million barrels per day. The all time high production record of crude oil stands […]

Cameroon oil output to edge up in 2011

Cameroon’s oil output will stabilise at 84,000 barrels a day for the next two years then rise a little in 2011 when six fields are put into production, a senior official at the state-owned oil company said on Thursday. The country became a modest oil exporter in 1977. Production peaked in 1985 at 185,000 barrels […]

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