China's Oil Supply Dependence

China is aggressively looking worldwide for oil. The major Chinese state oil companies: China National Petroleum Corporation (CNPC), and the China Petrochemical Corporation (Sinopec) are the leaders behind such initiatives. The other state sector firm in China is the China National Offshore Oil Corporation (CNOOC), supported by its In particular, PetroChina is determined to on-take […]

Report: Nuclear plant a pricey plan

WASHINGTON — A new study suggests that nuclear power plants such as the one being considered for Piketon end up costing far more than originally projected and are not a cost-effective way to combat global warming. The report, released yesterday by the University of Vermont, concluded that electricity generated at a new generation of nuclear […]

IDA study on Peak Oil debate

… However, this and many other aspects are slightly beyond the scope of Fisher

The race is on to create a new world of energy

We stand at the early dawn of a new energy future. It will be powered by alternative energy and cleaner fossil fuels. If governments adopt the right rules and incentives, by the middle of this century renewable sources will provide nearly 30 per cent of the world In the years ahead, conventional diesel and petrol […]

Peak flow rates, not peak oil?

Neil McMahon at Bernstein Research says itFTBlogs

Obama still concerned about oil speculation

President Barack Obama remains concerned about speculation in the oil markets even though he has not proposed concrete steps to rein it in, White House spokesman Robert Gibbs said on Thursday. Asked why Obama’s regulatory reforms this week did not include changes to deal with speculation in oil markets, Gibbs said, “I don’t think the […]

Airlines renew call for rules on oil speculators

U.S. airlines, fed up with volatility in oil prices, are renewing pressure on the government to curb market speculation. Oil prices, up 115 percent from a January low, directly influence jet fuel prices. Surging oil prices can be catastrophic for an industry that seems always on the brink of financial meltdown. The stakes are especially […]

Mexico oil production down 7.9%

Mexican oil production fell 7.9% during the first five months of this year to an average of 2.65 million barrels per day. The low production during the first five months will make it more difficult for Pemex to meet this yearUpstreamOnline

Russian oil exports down 1.3% in Jan-Apr

Russia exported 80.5 million metric tons of oil in January-April, down 1.3% against the first four months of 2008, the country’s statistics service said on Friday. Oil exports accounted for 31.2% of Russia’s aggregate exports, and for 48.5% of the country’s energy exports in the reporting period, a slight decline from January-April 2008 (35.5% and […]

Hu wraps up 'breakthrough' visit to Russia

China’s President Hu Jintao on Thursday wrapped up a visit to Russia that has seen the two powers vow to beat the economic crisis and reverse plummeting trade by bolstering their strong ties. After the talks Wednesday with President Dmitry Medvedev and Prime Minister Vladimir Putin, the Chinese delegation met with Russian business leaders before […]

Risk rises on Iraq oil deals after industry revolt

A revolt in Iraq’s state-run oil sector and rising domestic pressure on its oil minister have added more risk to deals for the super giant fields that big oil firms plan to vie for later this month. Winning bidders may find they are hamstrung by partnerships with unwilling and uncooperative Iraqi counterparts in both the […]

Aramco, Total say to invest $9.6 bln for Jubail refinery

Saudi Aramco and French oil major Total have agreed to invest $9.6 billion to build the 400,000 barrels per day Jubail refinery in Saudi Arabia, a source familiar with the situation said on Thursday. “The SATORP board met in Paris on June 16 and decided to attribute the 13 remaining packages to build the Jubail […]

China oil demand rebound?

ChinaFTBlogs

Oil and gas industry

The oil and gas industry is headed in the right direction for recovery, according to a study released Thursday by Ernst & Young LLPBizJournals

Living on Canada's Oil

Must we really choose between energy security and a climate disaster? Deep in northern Alberta, under the cover of 50,000 square miles of boreal forest, lie spectacular reserves of what the Canadians call “oil sands” In other words, U.S. policymakers are now faced with an awkward problem: How do you balance improvements in energy security […]

More drivers hit the road in April

Lower gas prices encourage drivers, with the number of miles driven increasing for the first time in 18 months. But rising prices will likely lead to fewer drivers this summer. NEW YORK (CNNMoney.com) — Drivers took advantage of lower gas prices in April, with the number of miles driven increasing for the first time in […]

Oilman still tilting at windmills

T. Boone Pickens, billionaire oilman who doubles as one of North America’s most prominent advocates for natural gas and renewable energy, is looking to invest in wind power in Alberta. The province is hoping his quest to invest in wind power will provide a major boost for the sector, which has had a hard time […]

Eni Shuts Nigerian Crude Oil Pipeline Following Armed Attack

(Bloomberg) — Eni SpA, Italy An Eni pipeline was attacked at about 3 a.m. today by

Beaufort Sea 'new frontier' for BP and Imperial Oil

Despite the glacial pace of progress of the proposed Mackenzie Valley gas pipeline, a new bright spot is emerging for energy development in Canada’s North — some of the world’s largest companies are mounting in the Beaufort Sea the first deep-water exploration program in an Arctic environment. Imperial Oil Ltd. with its parent, Exxon Mobil […]

NOAA Forecast Predicts Large Dead Zone for Gulf of Mexico this Summer

A team of NOAA-supported scientists from the Louisiana Universities Marine Consortium, Louisiana State University, and the University of Michigan is forecasting that the The dead zone size was predicted after researchers observed large amounts of nitrogen feeding into the Gulf from the Mississippi and Atchafalaya Rivers. The rivers experienced heavy water flows in April and […]

Study highlights massive imbalances in global fertilizer use

Synthetic fertilizers have dramatically increased food production worldwide. But the unintended costs to the environment and human health have been substantial. Nitrogen runoff from farms has contaminated surface and groundwater and helped create massive “dead zones” in coastal areas, such as the Gulf of Mexico. And ammonia from fertilized cropland has become a major source […]

'Cash-for-Clunkers' Bill Passes in Bid To Revive Car Sales

The Senate approved a $1 billion program yesterday to give vouchers to consumers who trade in their gas-guzzling clunkers for more fuel-efficient models — a move that dealers hope will revive slumping auto sales. Congressional leaders attached the legislation to a $106 billion spending bill to fund troops in Iraq and Afghanistan. The spending bill […]

CO2 Levels Highest in Two Million Years

What happens when carbon dioxide levels skyrocket? Most climate scientists think they know the answer: global warming. But to determine just how high temperatures may climb and how climate patterns may shift, researchers may need to pinpoint, for comparison, a time in our planet’s past when a similar carbon dioxide jump happened. Doing that may […]

British Climate Act 'failed before it started'

The British Climate Act is flawed and comprised of unrealistic and unobtainable targets, writes US academic Roger A Pielke Jr, in a journal paper published today, 18 June, 2009, in IOP Publishing’s Environmental Research Letters. As Pielke, a professor of environmental studies at the Centre for Science and Technology Policy Research at the University of […]

Russia-Ukraine Tension Could Cause Another Gas Crisis

BRUSSELS — A lingering natural-gas dispute between Russia and Ukraine could cause a major crisis in the European Union “in weeks, not months,” the second such crisis in just over six months, European Commission President Jose Manuel Barroso said Friday. Mr. Barroso, attending a summit of EU leaders in Brussels, said it was “too early” […]

Facts and figures don't support the end of oil — yet

World oil reserves fell last year for the first time in a decade, according to the latest statistical review from BP, an oil company that has changed the meaning of its moniker from British Petroleum to Beyond Petroleum. Does it herald the coming of the global apocalypse that peak oil catastrophists have prayed for? Will […]

Return to Babel

There has been some talk in the peak oil community about leaving some kind of legacy to post-peak societies … Languages change, and they never change more swiftly and more completely than during times of collapse. Of course, this is partly because writing obscures linguistic changes, even in the eyes of those who undergo them. […]

Peak Oil pundits need to review their calculations after BP report

BP is definitely not OPEC. Its pronouncements carry weight, coming from a global industry major and not the producers. The energy fraternity keenly awaits its annual The just released review also underlines what OPEC has been insisting for years now.

GM preparing for high oil prices: chief executive

DETROIT, Michigan (AFP) “This is a structural change,” he added, noting increased global demand. He also said that car sales in China are set to surpass those in the United States this year for the first time ever in a landmark shift. “We used to think that might happen in 2015 or 2020,” Henderson said. […]

US oil, gas reserve dropoff less than stated – study

HOUSTON (Reuters) – U.S. oil and gas reserve additions were hit hard by low prices at the end of 2008, but accounting rules forced companies to overstate the real decline, Ernst & Young LLP executives said Thursday. Charles Swanson, managing partner of the accounting firm’s Houston office, said reserve growth could recover quickly when the […]

« 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