Los Angeles will end use of coal-fired power

LOS ANGELES (Reuters) – Los Angeles will eliminate the use of electricity made from coal by 2020, replacing it with power from cleaner renewable energy sources, Mayor Antonio Villaraigosa said. Consumers of the Los Angeles Department of Water and Power, the largest city-owned utility in the United States with 1.45 million electricity customers, will see […]

EPA extends comment period on biofuel standard

WASHINGTON (Reuters) – The Environmental Protection Agency on Thursday said it was extending the comment period on a draft rule that aims to cut greenhouse gases emitted by biofuels. The proposed changes to the 2007 U.S. Renewable Fuel Standard attempt to make production of corn-based ethanol more efficient and increase output of advanced biofuels. The […]

Iraq brings forward second oil sale, goes alone on gas

BAGHDAD (Reuters) – Iraq plans to bring forward a second bidding round for major energy contracts and may give foreign firms another run at oilfields that were left over after this week’s sale, which clinched only one deal. The country’s second bidding round of energy deals “was supposed to be at the end of the […]

Exxon, Valero Face New Curbs on Cancer-Causing Gases

(Bloomberg) — President Barack Obama is considering new curbs on U.S. oil refineries whose gas emissions pose a cancer risk to hundreds of thousands of people living near the plants, setting up a potential conflict with companies over the cost of new regulations. The White House suspended a ruling signed by President George W. Bush […]

Asian LNG Spot Trade May Shrink 73% This Year, Repsol Says

(Bloomberg) — Shipments of liquefied natural gas to Asia from the Atlantic Ocean area may shrink by about 73 percent this year as Japan and South Korea, the world

Blast hits British Columbia natural gas facility

VANCOUVER, British Columbia – A gas leak at a natural gas facility in northeastern British Columbia appears to have been caused by a pipeline bombing, a spokeswoman for EnCana said Thursday. EnCana’s Rhona DelFrari said the site of the gas leak was close to the area of four other bombings targeting the company’s pipelines since […]

Hurricanes May Increase in Gulf as El Nino Shifts in Pacific

(Bloomberg) — A shift of warming patterns in the Pacific Ocean may mean more seasons of increased hurricane activity in the Atlantic and more storms entering the oil-rich Gulf of Mexico, according to a study in the journal Science. The warming of Pacific waters — a phenomenon called El Nino — has been moving toward […]

Energy Security in Asia, Beijing 2009

On 21 Energy Security is of decisive significance to China, the region, and the world at large. Not least for Norway as one of the world

Energetic blackmail

Efforts to extort money to avoid another gas cut-off come to nothing IN BLACKMAIL timing can be everything. The governments of Russia and Ukraine have cause to ponder this after failing to extract billions of euros from the European Union in the name of keeping Russian gas flowing to Europe next winter. Thanks to recession […]

Chevron Starts Oil Output From Angola's Mafumeira Norte Field

Chevron Corp. said Thursday it had started oil production from the Mafumeira Norte offshore oil and gas project in Angola, as it ramps up projects in the African nation despite OPEC quota constraints. The project will contribute to the U.S. major’s target of 4% production growth in 2009.CNN

Mayday! BA goes into a tailspin

You remember the scene. Up pops air stewardess Elaine Dickinson on the inflight intercom. “There’s no reason to become alarmed, and we hope you’ll enjoy the rest of your flight,” she says. “By the way, is there anyone on board who knows how to fly a plane?” That was Airplane!, the spoof disaster-movie from 1980. […]

Obama energy policy to cost taxpayers

President Obama has targeted oil, natural gas and coal – all carbon fuels – for higher taxation, an energy expert told a Tulsa luncheon on the eve of the TulsaBeacon

Russia's new oil export route forces hard choices

Russia is not producing enough oil to fill a new $4 billion pipeline to the Baltic, which is meant to cut reliance on export routes via neighbouring states, without making hard choices about flows through other outlets. Diverting exports from other routes would risk losing market share to rival OPEC producers or harming ties with […]

In China, India, higher fuel prices not yet high enough

At some point, the theory goes, Chinese and Indian consumers will begin to feel the pain of rising fuel costs, adjusting their habits to use less gasoline, just as motorists from Japan to America have done. But even after a pair of surprise prices hikes this week, taking Chinese pump rates to their highest ever […]

Mexican Oil Revenues Fall 10 Percent Despite Hedging

MexicoLAHT

Chevron May Have Last Laugh In Iraq

A BP-led consortium may have won a deal to develop IraqFTBlogs

Estimating errors in U.S. oil demand

LONDON (Reuters) – The market is transfixed by the weekly inventory and consumption estimates for crude oil and products published by the U.S. Energy Information Administration (EIA). But the backward-looking nature of parts of the reporting system makes it liable to miss turning points. Consumption and exports numbers are especially vulnerable to errors. For the […]

BP shuts alternative energy HQ

BP has shut down its alternative energy headquarters in London, accepted the resignation of its clean energy boss and imposed budget cuts in moves likely to be seen by environmental critics as further signs of the oil group moving “back to petroleum”. But Tony Hayward, the group’s chief executive, said BP remained as committed as […]

Wesley Clark: Ethanol's field general

Triumphant just a few years ago, the ethanol industry now finds itself embattled. Enter Wesley Clark to rally the troops. (Fortune Magazine) — If ever there were an industry in need of a general, it’s the ethanol industry. Already under siege from food companies blaming biofuels for rising grocery prices, ethanol companies are now seeing […]

First Biodiesel Pipeline Starts Operations

A commercial shipment of biodiesel has moved through a pipeline in the United States for the first time, according to Kinder Morgan Energy Partners, a pipeline company. A 5 percent biodiesel blend moved from Mississippi to Georgia, and also from Mississippi to Virginia, via the Plantation Pipe Line Company, which is owned jointly by Kinder […]

The alternative choice

Steven Chu wants to save the world by transforming its largest industry: energy WHETHER Steven Chu, America Lady Thatcher showed her mettle in this regard in 1989, when she became the first politician of stature to raise the alarm about global warming. When her adviser Crispin Tickell pointed out to her that the level of […]

Risk Assessments: Playing the "What If?" Game

I spend a lot of time playing “What if?” It is an important aspect of my line of work, but we all do this to some extent. I do it when I am driving – “What if that car at the next intersection pulls out in front of me?” – when I am working “What […]

BP Pay Changes for Contract Workers Threatens North Sea Strikes

(Bloomberg) — BP Plc, Europe’s second-largest oil company, plans to cut pay for North Sea contract staff, risking strike action later this year. BP wants to reduce the cost of offshore platform workers employed through contractors and plans to end discretionary payments including overtime built-in to the day rate and automatic night shift payments. The […]

John Michael Greer: Where Economics Fails

…Understand current economic thought and you understand most of the mistakes that are dragging industrial civilization down to ruin. The Energy Information Administration (EIA), a branch of the US government, has become infamous in the peak oil scene over the last decade or so for publishing estimates of future petroleum production that have no relationship […]

Our idea of progress must change

…We’ve raised our standard of living to record heights — so high, in fact that, if everyone lived like we do in North America, we would need three or four earths. To keep our way of life rolling along, we need to make more things. As the satirical newspaper The Onion put it, quoting a […]

Barclays Raises U.S. Oil Forecast 15% on Fundamentals

(Bloomberg) — Barclays Plc raised its third-quarter forecast for West Texas Intermediate crude oil by 14.5 percent from an estimate in June, citing expectations for fundamentals in commodity markets to return to Oil remains 52 percent below its July record of $147.27 a barrel even after prices gained 41 percent between April and June, the […]

Heading into the holiday: Fewer miles at higher cost

The nation heads into the Independence Day holiday weekend amid the longest and steepest decline in driving since the invention of the automobile. Since the number of miles traveled by motor vehicles in the USA peaked in November 2007, the nation’s 12-month total has dropped by 123 billion miles, or slightly more than 4%. That’s […]

Oil Contract Rows Rock Uganda Ahead of Production

The Ugandan government is embroiled in disputes with politicians and activists over its failure to reveal the contents of contracts with oil-exploration companies operating in the country ahead of the start of oil production on the Ugandan side of the Albertine Rift on the country’s western border. Uganda’s largest opposition political party, the Forum for […]

EU, France warn Niger's leader on power plan

The EU warned Niger’s president on Tuesday his bid to extend his stay in office could threaten aid to the impoverished West African state, while leading investor France voiced criticism. President Mamadou Tandja’s plan to call an Aug. 4 referendum on the move has triggered street protests in Niger and prompted growing international concern over […]

The Future of Transport

With Peak Oil just around the corner, humans are going to be faced with very few options for mobility in the future — stop travelling or find alternative forms of transport. Imagine travelling with dozens of balloons or in a futuristic-looking helium ship or maybe in a car made of vegetables and powered by chocolate. […]

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