An unconventional approach to fusion

There’s no easy road to fusion. Whether one travels the large route forged by six decades of research on hundreds of machines, or whether one tries to open a way through uncharted and exotic territory, difficulties abound and challenges loom large.   General Fusion’s approach is quite exotic: no vacuum vessel in their planned fusion […]

Arctic oil production more than doubled

Russian oil company Gazprom Neft said its production from a field in Arctic waters more than doubled from levels reported in 2015. The company said total production from the Prirazlomnaya oil field in the Russian waters above the Arctic Circle totaled 15.7 million barrels for full-year 2016, an increase from the 5.8 million recorded the […]

Coal and oil demand ‘could peak in 2020’

Solar power and electric vehicles will wreak havoc on the energy sector, say analysts from Carbon Tracker and Grantham Institute, in contrast to rosy industry forecasts Spain’s Gemasolar power plant spied from the historic Solar Impulse round-the-world flight in July (Pic: Solar Impulse) By Megan Darby Fossil fuel giants are vastly underestimating the disruptive power of […]

John Michael Greer: Perched on the Wheel of Time

There’s a curious predictability in the comments I field in response to posts here that talk about the likely shape of the future. The conventional wisdom of our era insists that modern industrial society can’t possibly undergo the same life cycle of rise and fall as every other civilization in history; no, no, there’s got […]

The Oil War Is Only Just Getting Started

It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and […]

Pakistan’s oil production hits two-year high

Pakistan’s oil production reached two-year high of 97,000 barrels/day (bpd) in December 2016, led by production additions from Nashpa and Mardan Khel fields. “Both the fields added around 11 percent to December 2016’s oil production, a cumulative flow of around 10,000bpd of oil,” analyst Nabeel Khurshhed said in a report issued by Topline Securities. Gas […]

Is the Era of Oil and Gas Megaprojects Over?

With oil prices still trading around the $50/barrel mark, oil and gas companies will likely revisit costly field development projects, as BP plc did late last year with Mad Dog 2 development project. The company was able to reduce project costs through system optimization, collaboration with co-owners, simplification of the design using industry-led solutions and […]

Iran Ditching Dollar

The Iranian government is to stop using the US dollar in its official statements, according to a report in the local English-language daily the Financial Tribune. The decision was announced by Central Bank of Iran governor Valiollah Seif during a television interview on the evening of January 29 and, according to the paper, is due […]

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