Lufthansa ups fuel surcharge on most flights

he leading German airline, Lufthansa, today unveiled an increase in fuel surcharges for most passenger flights owing to higher oil prices. Passengers are to be charged an extra RTE

Chevron's Frade Field Just Start Of Promising Brazil Prospects

U.S. oil major Chevron Corp.(CVX) has kicked off output at its Frade field offshore Brazil, but the company also has stakes in four other promising prospects. “Offshore Brazil is one of the world’s most promising deepwater oil and gas regions, and our current plans are for multi-billion-dollar investments in Brazil over the next decade,” Chevron […]

China's Sinopec to buy Addax for $7.2 bln

China’s Sinopec Group agreed to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) in a move to secure the Swiss oil and gas explorer’s high potential oil blocks in West Africa and Iraq’s Taq Taq field. The offer of C$52.80 per share from Sinopec International Petroleum Exploration and Production Corp, in a bidding […]

Iran eyes Russia for pipeline investments

Russian and international companies are invited to submit bids for the construction of an oil pipeline from the Caspian Sea to the Gulf of Oman, Iran says. Iranian Deputy Oil Minister Noureddin Shahnazizadeh told a delegation in Moscow his country had concluded the initial studies for the $2 billion pipeline and would move forward with […]

Big Oil Back in Iraq

“A welcome-back party for Big Oil” is how the Wall Street Journal today sums up the Iraqi government plan to open up its oil fields to the highest bidders after three decades of tight control under Saddam Hussein. Starting next week, the Iraqi government will begin auctioning off contracts to foreign countries, opening up a […]

Saudi shifts focus to gas as oil expansion ends

Saudi state oil giant Aramco is shifting its exploration and production focus to gas to meet rapidly rising domestic demand as its programme to expand oil capacity comes to a close. Falling global oil consumption has left the kingdom sitting on its biggest supply cushion in years and allowed it to shift attention from oil […]

The urgency of transitioning to a post-peak oil world

BOULDER, Colo.–The age of peak oil is coming, and some say we’re already there. So when the effects of rapidly rising oil prices start to seriously affect the world, will your community be ready? To Michael Brownlee, a driving force behind a nonprofit here currently known as Transition Boulder County, there is no time to […]

Should Mexico Stop Exporting Oil?

In May, oil production from Mexico Mexico

Deep in Bedrock, Clean Energy and Quake Fears

BASEL, Switzerland All seemed to be going well

Oil prices could surge if Iran crisis worsens

LONDON (AFP) The Islamic republic produces about 3.8 million barrels of crude oil per day and is the third biggest global oil exporter after Russia and Saudi Arabia. Analysts fear the biggest crisis since the 1979 revolution could force the Iranian government to cut off oil supplies or block the Strait of Hormuz — a […]

Oil Prices Could Go Higher Than We've Seen: Simmons

There are many issues going on around the world that could have a material impact on the future of oil

Society faces 'irreversible' impact from climate change

Society faces “serious risks” from climate change – even with a global increase in temperature of only about two degrees, according to a new report. The study, by the University of Copenhagen, said that if society wants to minimise these risks “action must be taken now”. The launch of the 36-page document comes six months […]

High-altitude winds: The greatest source of concentrated energy on Earth

At any moment, the winds in high-altitude jet streams hold roughly 100 times more energy than all the electricity being consumed on Earth, according to a study by Stanford environmental and climate scientists Cristina Archer and Ken Caldeira. To capture that energy, designers are dreaming up models of wind-turbine kites that fly so high, cruising […]

Climate Scientist James Hansen Arrested in Mountaintop Removal Protest

West Virginia State Police today arrested at least 29 demonstrators, including government climate scientist Dr. James Hansen, actress Daryl Hannah, and 94 year-old former West Virginia Congressman Ken Hechler, for tresspassing on the property of a mountaintop removal coal mining company to protest the destructive practice. The protesters deliberately entered the Goals Coal plant owned […]

Medvedev visits Namibia with eye on uranium

Uranium deposits in Namibia’s deserts, which could make the country a top producer of the nuclear fuel, are drawing growing foreign interest, seen in this week’s visit by Russian President Dmitry Medvedev. The first-ever visit by a Kremlin chief on Wednesday and Thursday is expected to include a delegation of hundreds, with an emphasis on […]

PEAK OIL: MYTH OR REALITY?

Over the recent years, the energy sector has witnessed a tense debate amongst energy experts with one side warning of Peak Oil -mostly retired oil companies officials and geologists from the ASPO- and on the other side the “optimists” such as Exxon Mobil[1] and Saudi-Arabia[2]. Until now, the official position of the British Government on […]

Is China On the Cusp of Becoming a Huge Solar-Panel Market?

As the world’s largest solar-panel producer for the last two years, China already is a major solar player. But now, some industry experts say, it’s expanding from being mainly a solar-panel supplier to also becoming a substantial customer. “China, which already is important in production, is also going to be a large solar market,” Gerhard […]

Funding The Machine That "Might Save The World"

General Fusion, the Canadian duo who hope to produce a cold fusion power plant for perhaps a tenth the cost of other such promised projects, just got a $12 million shot in the arm. According to the Toronto Star, the four-year grant comes from a non-profit called Sustainable Development Technology Canada (SDTC). However, SDTC will […]

'Synthetic tree' claims to catch carbon in the air

LONDON, England (CNN) — Scientists in the United States are developing a “synthetic tree” capable of collecting carbon around 1,000 times faster than the real thing. As the wind blows though plastic “leaves,” the carbon is trapped in a chamber, compressed and stored as liquid carbon dioxide. The technology is similar to that used to […]

Analysis: Saudi Aramco's Appetite for Jackups

The world’s largest oil company in terms of proven reserves, Saudi Aramco is the state-run company for the Middle Eastern country of Saudi Arabia. Onshore and off, Saudi Aramco has a total of 100 major oil and gas fields and 267 billion barrels of proven oil reserves. In fact, the NOC holds the world’s largest […]

US firm patents space solar systems

The race to become the first company to successfully harness solar power using orbiting satellites is hotting up, after Washington-based startup PowerSat announced last week that it has filed two patents that it hopes will bring space-based power generation closer to reality. The company, which hopes to put solar arrays into space, filed a patent […]

Central Asian, Caucasus energy rivalries intensify

Among China, Europe, and Russia, the competition over oil and gas from Central Asia and the Caucasus is intense and growing. In this rivalry China enjoys a cash advantage, while Russia builds on decades-long cultural and political ties. European companies offer more-advanced technology than is available from their Chinese and Russian competitors. Rivalries aside, the […]

Iraq oil minister insists strategy is on track

Iraq’s oil minister Hussein al-Shahristani on Tuesday defended his strategy for tapping the country’s vast energy reserves, insisting that output must increase before new fields can be explored. Iraq is due next Monday or Tuesday to announce which of 31 foreign and state-owned bidders have won deals to operate six major oil fields and two […]

IEA says potential for oil supply crunch by 2014

NEW YORK — Oil markets may face a supply crunch by 2014 if global GDP growth hits 5% in the coming years, the head of the International Energy Agency said Tuesday. “If economic GDP growth gradually rises through 2011 and 2012 … then oil demand will come back and by 2014 you will maybe have […]

UK: Household energy bills could soar to £4,700

Families could be paying nearly The firm extrapolated current trends in energy prices, which have seen energy bills more than double over the past five years from an average of

Can Wind Power Get Up to Speed?

Pop quiz: what source of power doesn’t come out of the ground, doesn’t burn and isn’t radioactive? Hint: it contributed the most new electricity generation to the U.S. grid in 2008. The answer is wind power, the technology that has become synonymous with going green. Companies that started out small, like Denmark’s Vestas and India’s […]

Under House energy bill, coal won't be going away

Reporting from Washington — Coal-fired power plants are the largest source of heat-trapping gases that cause global warming, but President Obama’s plan to fight climate change would result in the nation burning more coal a decade from now than it does today. The administration’s plan, the centerpiece of a 700-page legislative package, proposes strict limits […]

Iraq to Earn 100 Times More Than Oil Companies, Minister Says

(Bloomberg) — Iraq, holder of the world Iraq is set to earn $1.7 trillion over 20 years from the fields it

Press Advisory: Clinton Asked to Prevent Import of Tar Sands from Canada

On behalf of Forest Ethics: I am sending this press advisory about an action in Washington, D.C. on Wednesday morning at 11:00am. The action will be held at the State Department, focusing on the issue of Tar Sands Oil, imported from Canada. This is a very important issue to both Canadians and Americans. Secretary of […]

America's Dim Mak Points – Victor Corpus

In the looming disaster of peak oil, countries are desperately scrambling to secure oil resources for themselves to the exclusion of others. An exclusive consortium of oil and gas producers led by Russia are entering into long-term contracts with select consumers like China and India, to corner the last remaining major oil and gas reserves […]

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