Offshore gas rig in Gulf: Will it silence skeptics of drilling?

ON BOARD INDEPENDENCE HUB, Gulf of Mexico – One huge symbol of the nation’s struggle with global warming is a roaring cube of steel that floats in the Gulf of Mexico south of Florida’s Panhandle. As big as a 30-story building, it’s an offshore rig that plunges an array of pipe and tubes a mile […]

Environmentalists happy with Obama; industry less so

WASHINGTON In the nearly four months since taking office, the Obama administration has moved quickly, relentlessly and without apology to roll back the natural resource and public lands policies of its predecessor. Though they have yet to lay out their own vision in detail, Salazar and other administration officials have left no doubt that they […]

Iraq's Kurds Blamed For Squandering Oil Resources

BAGHDAD (AP) “Profit oil” is the industry’s term for crude left after deducting the cost of oil production. The study obtained by The Associated Press on Sunday says the ministry considers 3-16 percent a more reasonable range. AP

Oil, Gas Still Main Global Energy Resource, Says Expert

Oil and gas will remain as an indispensable core resource towards fulfilling global energy needs and consumption of these resources is expected to increase drastically by the year 2030. This was said by Dr Tilak Doshi, an expert from the Saudi Aramco, during a public lecture at Universiti Brunei Darussalam (UBD). According to Dr Doshi, […]

Rethinking the Future

Fossil fuels can It would be unfair to classify Holmgren as a doomsayer. He surveys current energy and climate science and uses quantitative methods to outline possible scenarios of the future. While totally dismissing none (including total societal collapse and continued growth through technological breakthroughs), he sees our most probable future as one characterized by […]

Nigerian militants claim to have destroyed 2 oil pipelines

LAGOS, Nigeria (AP) A Shell spokeswoman had no comment on the attack. The security official spoke on condition of anonymity because he was not authorized to speak to the media. The militants also said two Filipino sailors kidnapped from an oil industry service boat died when the Nigerian military attacked its camp Friday where 15 […]

From a Theory to a Consensus on Emissions

WASHINGTON But not long ago, many of today

Gas shortage forces Kuwait to shut Shuaiba fertiliser plants

Kuwait The source could not say why the state would be cutting off the gas supply. Kuwait has a history of power cuts during the summer months as demand for air conditioning hits a peak. Gulf Jobs Market

A giant leap toward space-based solar power

Pacific Gas & Electric Co. for decades has generated power for its customers by splitting atoms, burning natural gas and capturing the force of falling water. More recently, the San Francisco utility began turning to the sun, wind, boiling geysers and even fermented cow manure to produce electricity. Now, PG&E wants to turn to outer […]

Australia to build world's largest solar energy plant: PM

Australia plans to build the world’s largest solar power station with an output of 1000 megawatts in a A$1.4 billion (US$1.05 billion) investment, Prime Minister Kevin Rudd said on Sunday. The plant would have three times the generating capacity of the current biggest solar-powered electricity plant, which is in California, Rudd said during a tour […]

Nigerian army frees hostages, destroys militant camp

Nigerian security forces said on Saturday they rescued 13 hostages kidnapped this week, including nine foreigners, and destroyed a key militant camp in the heart of Africa’s biggest oil industry region. Nigeria’s main militant group has declared an “all-out war” and warned oil companies to evacuate their staff in the Niger Delta following three days […]

Peru Military to Help Mitigate Effects of Amazon Protests

The Peruvian government on Saturday authorized the armed forces to support the police in some Amazon areas of northern and eastern Peru, where indigenous groups have carried out protests since April 9. The Inter-Ethnic Association for the Development of the Peruvian Jungle, or Aidesep, the biggest group representing indigenous communities in the Peruvian Amazon, has […]

Uranium provides Jordan with spark for much-needed bonanza

Jordan, one of the few Middle East countries with no oil and long one of the poorest in the region, now finds itself on the brink of a potential economic bonanza. It has discovered uranium in huge quantities. Multinational companies are queueing up to start mining operations. Jordan is proposing to build a nuclear reactor […]

World Uranium Supply-Demand to Remain Tight

A worldwide dearth of uranium mines and highly skilled metallurgical teams to mine it has investors seeing yellow (cake, that is). “The thing with uranium is it’s easy to dig up but hard to get out,” says Simon Tonkin, who covers base metals, including uranium, at Thomas Weisel Partners. In this exclusive interview with The […]

Chavez Eyes More Oil-Industry Takeovers Next Week

President Hugo Chavez acknowledged Friday that his government will continue to seize oil-company assets next week as part of its plan to expand the state’s control over a key industry. “You ask me if we have our eye on other [oil] companies, yes, yes,” Chavez said in a televised press conference during a visit to […]

StatoilHydro oil sands role at stake

A Norwegian opposition group said yesterday it would ask for a parliamentary vote next week over whether majority-owned oil producer StatoilHydro ASA should withdraw from its $2-billion Canadian oil sands venture. The move marks an escalation in a row between oil interests and the environment just four months before Norway — the world’s No. 4 […]

Why local gas is high stumps probers

The federal investigation into unusually high gas prices in Western New York last fall failed to find illegal activity or identify reasons for the price difference. The Federal Trade Commission

Interior Sec Salazar: Commercial Use of Oil Shale 10 Years Off

The commercial use of oil from US oil shale deposits is likely at least 10 years away and will require technological advances to get past hurdles standing in the way of its commercial use, Interior Secretary Ken Salazar said Wednesday. “Oil shale needs to be on the table,” Salazar said. “But it needs to be […]

Nigeria: FG Plans to Stop Export of Crude Oil

The Federal Government through the Minister of Petroleum Dr. Rilwanu Lukman has said that export of crude oil from the country will soon come to an end as the Federal Government contemplates a policy of refining all crude produced in the country. The minister at an interactive session with the Senate Committee on Downstream Petroleum […]

Wisdom from a commodity guru

Game Over, How You Can Prosper in a Shattered Economy, by Stephen Leeb …He starts his first chapter writing on oil and his findings on the commodity are both interesting and scary at the same time. In his chapter on oil, Leeb writes: Oil is not the only critical commodity that is becoming scarcer and […]

Falling Gas Prices Deny Russia a Lever of Power

MOSCOW But in his zeal to monopolize gas supplies, Mr. Putin, who is now Russia

A maverick's message on oil

Jeff Rubin says prices are going nowhere but up, and life as we know it will change forever …Nearly everything we do, purchase and eat is “inextricably bound” to oil, and as the price of black gold increases, so too does the cost of growing, manufacturing, processing, packaging and transporting the goods we consume “The […]

Plateau theory drives Total to oil sands

The French energy giant thinks conventional oil production will top out in a decade at 95 million barrels. The long-term plan is to diversify into nukes and other sources. But for now, its eye is squarely on oil sands PARIS — For Total SA, it’s all about 95. The French oil giant builds its business […]

Undersea oil could help thaw U.S.-Cuba trade

Untapped reserves provide powerful incentive for change in relations WASHINGTON – Deep in the Gulf of Mexico, an end to the 1962 U.S. trade embargo against Cuba may be lying untapped, buried under layers of rock, seawater and bitter relations. Oil, up to 20 billion barrels of it, sits off Cuba’s northwest coast in territorial […]

Mini Ethanol Refineries Hit the Market

As the debate over ethanol heats up with creation of a federal biofuels working group and a new Renewable Fuel Standard, a Texas company has made it easier for businesses, farms and municipalities to produce their own. The systems could benefit companies who want to use alternative fuels in their fleets, potentially save money and […]

Soaring electricity use by new electronics imperils climate change efforts

BRUSSELS — Efforts by countries worldwide to reduce greenhouse gas emissions and increase energy security are in trouble if nothing is done to check the energy gobbled by both information and communication technologies and consumer electronics. This warning came in a report published yesterday in Paris by the International Energy Agency. The study warns that […]

Q+A-Unrest in Nigeria's oil heartland

May 15 (Reuters) – Nigeria’s main militant group has declared an “all-out war” in the creeks of the Niger Delta after a military offensive against one of its major camps in the heart of Africa’s biggest oil and gas industry. Below are some questions and answers about how serious the escalation of violence is and […]

Clean coal? U.S. making $2.4 billion bet

More funding for controversial Carbon dioxide from burning fossil fuels is a leading greenhouse gas that many scientists tie to warming temperatures. Given its abundance, coal will remain an essential energy source, Chu said, adding that even if coal-fired power plants in the United States were shut down, as some environmentalists want, China and India […]

EPA seeks more comment on ethanol blend rate

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency said on Friday it was extending for 60 days, until July 20, the public comment period on a proposal to increase the amount of ethanol that could be blended into gasoline to as much as 15 percent per gallon of motor fuel. Ethanol is now approved to […]

Oil demand to post sharpest fall since 1981: IEA

LONDON (Reuters) – World oil demand this year will post the sharpest annual decline since 1981 as the economy struggles to bounce back, the International Energy Agency (IEA) said on Thursday. Demand will contract by 2.56 million barrels per day (bpd) in 2009, the IEA, which advises 28 industrialised countries, said in a monthly report. […]

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