Israel May Join Gas Exporting Nations With Leviathan Discovery

Still, additional gas would take up to a decade and “billions of dollars” in investments to produce since there’s no infrastructure to liquefy gas, said Amit Mor, head of Eco Energy Ltd, an Israeli investor. The country is also unlikely to build pipelines through Turkey and other neighbors because of political tension, especially after the […]

‘peak coal’ is guide for our oil quandary

Jevons anticipated “peak coal” – and, in doing so, “peak oil,” too. For Mr. Jevons, the distinction was irrelevant. When you spoke of coal, you necessarily spoke of petroleum. When you spoke of petroleum, you necessarily spoke of coal. “What is petroleum,” he asked, “but the essence of coal?” Mr. Jevons provides the modern reader […]

Modeling Oil Exploration and Production

Kristofer Jakobsson defended his licentiate thesis. Modeling Oil Exploration and Production: Resource-Constrained and Agent-Based Approaches Energy is essential to the functioning of society, and oil is the single largest commercial energy source. Some analysts have concluded that the peak in oil production is soon about to happen on the global scale, while others disagree. Such […]

New study says gas can be engineered

The prevailing belief with oil and gas is that they’re finite, or non-renewable, resources – in other words, what’s there is there. But what if that’s not true? What if, wonders one Houston geochemist, the gas that comes up isn’t just sitting underground waiting for extraction, but instead is “engineered.” Catalytic gas is the idea […]

New Oil Discoveries Offshore Brazil

In well OGX-10, the Hawaii prospect, an oil column of approximately 110 meters and net pay of approximately 40 meters was identified in the carbonate reservoirs of the Aptian section. The well is in its final stage of log analysis. Therefore the rig, Sea Explorer, provided by Pride International, will be moved to well OGX-7A, […]

Post Peak Oil Production, Aleklett, president of ASPO

Lecture given by Kjell Aleklett, president of ASPO International, in Berlin May 18, 2010, in connection to the yearly ASPO Germany meeting. PT 2 PT 3 PT 4 PT 5 PT 6

The World Can’t Live Without Deepwater Oil

The majority of new production is assumed to come from the development of existing reserves, such as the offshore and deepwater deposits in the Gulf of Mexico, which currently yield 30% of America’s oil production. Deepwater wells like the ill-fated Deepwater Horizon made up 15% of total U.S. production in 2002 and are expected to […]

Shale: The next energy game changer

The recent shale gas boom has been called a “game changer” in the North American energy picture. It promises to deliver abundant, cheap natural gas for decades to come. Utility companies are counting on it to generate electricity with half the greenhouse emissions of coal, while gas producers are touting it as the truck fuel […]

Media, public, governments unprepared for the End of the World (As We Know It)

Did Global Oil Production Permanently Peak in 2008? Until 2008, world energy forecasters had always assumed global oil production would keep up with economic growth. According to classic economic theory, as world economies grew they would demand more oil, and oil companies would respond by investing in more exploration and development. ”Peak Oil” was considered […]

Two big oil finds in a row for Brazil

Brazil drew oil markets’ attention again on Friday when it announced its second major oil find in a week, a field that may be bigger than a 4.5-billion-barrel find announced earlier this week. The two new finds announced by Brazil’s national oil regulator, the ANP, will provide the government with the needed collateral to inject […]

Peak soil: like peak oil, only worse

Once again, Hubbert’s model can be applied to any finite resource we extract from the Earth. If it’s tragic that we are burning through all available resources with no thought for future consequences, it’s worse still to think that the payback will likely happen all together. We will probably find ourselves dealing with a widespread […]

The end of oil

Today, few serious analysts deny the reality of Hubbert’s “peak oil” theory. It’s not an especially difficult concept to grasp intuitively, after all. Oil is a non-renewable resource. It was produced by geological processes over very long periods of time millions of years ago. Once we’ve used it up, it’s gone forever. The debate around […]

It’s worse than you think: plotting global hydrocarbon collapse

Since it is widely accepted that major new discoveries of coal are unlikely, Energy Watch forecast that global coal output will peak as early as 2025 and then fall into terminal decline. That’s a lot earlier than is generally assumed by policy-makers, who look to the much higher forecasts of the International Energy Agency, which […]

How Shale Gas Is Going to Rock the World

I have been studying the energy markets for 30 years, and I am convinced that shale gas will revolutionize the industry—and change the world—in the coming decades. It will prevent the rise of any new cartels. It will alter geopolitics. And it will slow the transition to renewable energy. To understand why, you have to […]

Optimism Versus Reality In Peak Oil Media Battle

The optimists may have long been winning the peak oil media battle – as Matt Simmons observes – but we are beginning to see information coming out on the business pages that allows us to piece together a more balanced story. Right now, much of this focuses on everyone’s favourite cause for optimism, the oil […]

Peak Oil. Are the Lights About to Go Out on Western Civilization?

Are we running out of oil? That is a question that has been talked about for quite some time. But are we quickly running out or are we just using up the most easily accessible and cheep supplies? We had two guests on the most recent episode of “Turning Hard Times Into Good Times [1]” […]

‘Easy’ oil is gone says editor of the Oil and Gas Journal

Sometime in the ’70s, the state geologist of Pennsylvania warned that the birthplace of oil was about to run out of the black gold. “That was the 1870s,” the Texas state geologist, Scott Tinker, said Monday, delivering the punch line in a joke about the oil industry’s short-sightedness. More than 130 years later, the world […]

Shell CFO:Added 350M Bbl To Gulf Of Mexico Reserves In ’09-’10

Royal Dutch Shell added 350 million barrels of oil equivalent to its oil and gas reserves in the Gulf of Mexico from discoveries in 2009 and 2010, Chief Financial Officer Simon Henry said Wednesday. “We are looking at options to fast-track the development of these very exciting finds, with over 150,000 barrels of oil equivalent […]

Shell Highlights Kuwait’s Natural Gas Potential

Gas consumption in the Middle East region is predicted to grow by about 5 per cent per annum, similar to China and twice as fast as in the major European economies. By 2015, total consumption in the Middle East will have almost caught up with consumption in the major European economies, Malcolm Brinded, Shell Executive […]

Peak oil predictions

As former Shell CEO Jeroen van der Veer has said several times, the era of “easy oil” is over. This means that the bulk of the oil that is left to exploit is to be found in the tar sands and in ultra-deep water and other marginal resources, such as the Arctic. All of these […]

Peak Oil Deniers Remain Oblivious

Regardless of how you feel about opening up ANWR, do you honestly believe it’s the solution to the peak oil crisis? Here are the facts…. Peak oil is a global event. It’s happening on a globe where approximately 85,000,000 (85 million) barrels of oil are consumed each day. Annually, that works out to over 31,000,000,000 (31 […]

Kuwaiti oil reserves higher than announced

Deputy premier for economic affairs Sheikh Ahmad Fahad al-Sabah says “Reserves in Burgan oilfield are much higher than what is being circulated” India

3-way meet on Myanmar pipeline

Oil minister Mani Shankar Aiyar’s energy diplomacy has cracked the deadlock over laying a pipeline through Bangladesh for wheeling gas from Myanmar, with Dhaka asking for a trilateral meet in Yangon in January. Bangladesh energy minister Mosharraf Hossain will sit with his Myanmar counterpart Brig-Gen Lun-Thi and Aiyar for two days on January 12 and […]

Putin Hints at China Alliance for Yukos Oil

Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday. FT.comGazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to […]

GM Betting On Booming Asian Auto Market

GM is trying to force itself to operate as a true, global company — with all the parts working as one, not as individual domains. At the same time, the company is intent on staking out a leading position in the part of the world where the next generation of financial giants are expected to […]

Report Details Possible Effects Of LNG Tanker Spill

Report Draws New Safety Concerns POSTED: 5:42 pm EST December 21, 2004 UPDATED: 5:49 pm EST December 21, 2004 BOSTON — Liquefied natural gas terminals drew new concerns Tuesday after a new report pointed to devastating consequences should an LNG tanker become the target of a terrorist attack. NewsCenter 5’s Amalia Barreda reported that the […]

Colorado Approves New Coal-Fired Plant

State regulators on Friday approved Colorado’s first coal-fired power plant in 23 years. The $1.35 billion facility is designed to generate 750 megawatts of electricity a day — enough for 750,000 customers.

Newsday

Alcohol Fuel Cell Goes Micro

Alcohol Fuel Cell Goes Micro By Technology Research News December 17, 2004 There’s a lot of energy in ethanol, which is non-toxic and can be made cheaply from corn. Researchers from Saint Louis University, who earlier this year developed a fuel cell using enzymes to generate electricity from ethanol, have built a microchip-based version of […]

International Cargo and Passenger to Grow at 6.0% Yearly to 2008

The International Air Transport Association released cargo and passenger traffic forecasts for 2004-2008 indicating 6.0% growth annually for international passengers and 6.0% annually for international cargo tonnage.

IATA
—
– and beyond 2008?

Armenians burn trees and park benches to make up for lack of hydrocarbons

Science – AFP War and cold have depleted Armenia’s only natural resource: trees Fri Dec 17,12:14 PM ET Science – AFP YEREVAN (AFP) – It is one of Armenia’s most revered sites, but for the poor, the trees around the giant Genocide Memorial outside the capital make more than a pleasant setting for the monument, […]

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