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News from October 2006

Ethanol Could Corrode Pumps, Testers Say

Ethanol Could Corrode Pumps, Testers Say thumbnail

CHICAGO, Oct. 26 BP, the British oil company, said on Thursday that it would delay the expansion of E85 at its American gasoline outlets until the laboratories certified an E85 dispensing system.


Have oil supplies peaked globally?

Have oil supplies peaked globally? thumbnail

It looks as if the ongoing tug-of-war between the oil bulls and bears is heating up. That provides the big question as to whether global oil supplies have peaked, or if there are additional reserves hidden away in the Earth’s recesses that have only begun to be tapped. This debate has lately been engaged in […]


Twilight’s Last Gleaming?

Twilight’s Last Gleaming? thumbnail

Alarmists have long predicted America’s demise. But JOEL KOTKIN says the declinists are just as wrong now as they have been in the past. America is rife with predictions of impending economic, moral, social and ecological apocalypse. It’s not for the first time: Virtually every generation of Americans has concocted its own scenario for the […]


Securing future energy will be difficult but doable

Securing future energy will be difficult but doable thumbnail

Lou Grinzo is the grass roots, where change in America always begins. A technical writer with a degree in economics, Grinzo has worked for IBM and Microsoft Corp. Since the 1973 oil crisis, he’s been, in his words, an “energy geek” Grinzo, 49, and his wife, Liz, moved to Greece from the Southern Tier three […]


Foster Wheeler gets Moneefa contract

Foster Wheeler gets Moneefa contract thumbnail

Saudi Aramco and Foster Wheeler have signed a front-end engineering and design contract for the Moneefa oilfield development, which is expected to add 900,000 barrels per day of crude oil by mid-2011. Saudi Aramco said in a statement that front-end engineering for the onshore portion of the development programme was expected to begin in early […]


Volkswagen begins constructing first Russian plant

Volkswagen begins constructing first Russian plant thumbnail

MOSCOW (AFP) – Volkswagen became the latest foreign car maker to establish a foothold in Russia, as the German company laid the foundation stone for its first factory in Kaluga, 160 km (100 miles) southwest of Moscow. “When an internationally known group comes to Russia and to Kaluga, it’s already an event,” Russian Economic Development […]


Protesters seize oil station in Nigeria

Protesters seize oil station in Nigeria thumbnail

YENAGOA, Nigeria – Protesters demanding jobs and aid took over an oil pumping station run by an Italian oil firm in Nigeria’s volatile southern delta region, forcing the company to shut the flow of oil, a Nigerian security official said Sunday. Scores of protesters from the Egbema-Ngalabiri community invaded the Clough Creek pumping station just […]


New Green taxes to be introduced (UK)

New Green taxes to be introduced (UK) thumbnail

A multi-million pound menu of eco-taxes, including incentives to buy environmentally friendly washing machines and lightbulbs, has been proposed by David Miliband, the Environment Secretary, in a confidential memo to the Chancellor of the Exchequer. The letter to Gordon Brown includes measures to limit car use and ownership with a “substantial increase” in road tax […]


Africa ‘faces catastrophe’ unless West acts on climate change

Africa ‘faces catastrophe’ unless West acts on climate change thumbnail

Africa will go “up in smoke” unless the international community acts to curb climate change. A coalition of the UK’s leading development and environment agencies argue that global warming is already having a serious impact on Africa and will get much worse unless urgent action is taken now. The group has released a report in […]


Nuclear power will ‘worsen drought’

Nuclear power will ‘worsen drought’ thumbnail

Austrlia’s crippling drought will worsen if the Howard government succeeds in its push for nuclear power, Queensland Premier Peter Beattie has told a conference. Addressing the New Zealand Labour Party conference in Rotorua today, Mr Beattie said an independent study commissioned by the Queensland government showed a nuclear power station would use 25 per cent […]


Ten years to save the planet from mankind

Ten years to save the planet from mankind thumbnail

The economist Sir Nicholas Stern’s report on climate change will paint an apocalyptic picture over 700 pages of where global warming could lead, arguing that, unless we act, it will cost more than two world wars and the Great Depression of the Thirties and render swaths of the planet uninhabitable. Even if the world stopped […]


Gazprom is raising $69bn to revive gas production

Gazprom is raising $69bn to revive gas production thumbnail

Gazprom, the world’s largest natural-gas producer, is raising investments to $69bn through 2009 to develop new fields amid concerns the company may not meet soaring demand in Russia and Europe.Gazprom, which supplies a quarter of Europe’s gas, is buying more fuel from Central Asian gas to meet soaring demand at home and in Europe. Russia, […]


Morales’ Gas Nationalization Complete

Morales’ Gas Nationalization Complete thumbnail

President Evo Morales completed his ambitious oil and gas nationalization plan early Sunday with the last-minute signing of contracts allowing several international companies to continue operating in Bolivia under state control.At the ceremony, Morales said the petroleum nationalization would be only the first step in his campaign to recover control of Bolivia’s natural resources. Earlier […]


China limits exports of energy intensive commodities

China limits exports of energy intensive commodities thumbnail

Beginning November first export taxes on copper, nickel, aluminum and other metals will be raised 15%; for petroleum, coal and coke 5% and for iron ingots, steel bars and other steel by products, 10%. “These changes are geared to limit export of energy intensive products since the growth of these resources effectively means China is […]


China’s wind energy pricing policy must be overhauled

China’s wind energy pricing policy must be overhauled thumbnail

China’s current wind power pricing mechanism must be overhauled, according to a report released jointly by the Chinese Renewable Energy Industries Association (CREIA), Greenpeace and the Global Wind Energy Council (GWEC). The report, titled “A Study of the Pricing Policy for Wind Power in China”, reviews the development of wind power and its pricing system […]


Gargantuan destruction

Gargantuan destruction thumbnail

It’s a badge of economic success — or excess — that can be seen from space. The gargantuan development of Alberta’s oilsands is visible from beyond the ozone layer and promises to be more apparent as the planet’s insatiable thirst for its bounty increases, says Dan Woynillowicz of the environment watchdog Pembina Institute. “One of […]


Iraq Taps Chinese Oil Companies to Double Production

Iraq Taps Chinese Oil Companies to Double Production thumbnail

Iraq will invite China National Petroleum Corp. and other overseas companies to invest in oil fields to double daily production to 6 million barrels by 2012, the country’s oil minister Hussain al-Shahristani said. “We need foreign partners to help develop new fields,” al- Shahristani said at a press conference today in Beijing. “Iraq will significantly […]


Big oil may have to get even bigger to survive

Big oil may have to get even bigger to survive thumbnail

Multinational oil companies are having a tough time. Crude prices are falling, maintaining production is a struggle, yet taxes set by the world’s resource-rich nations are rising – as are costs. Topping it all is a rising trend of energy nationalism stretching round the globe. The problems raise several linked questions in the minds of […]


Planning for the long term

Planning for the long term thumbnail

An interview I recently did has been published in the newsletter of Caisse des Depots, a state-owned financial institution that performs public-interest missions on behalf of the French government. Also quoted in the interview is Patrick Criqui, Director of the Energy and Environmental Policy Department of the Grenoble LEPII. You can get the full newsletter […]


Oil majors go silent as shadow of US regulator grows bigger

Oil majors go silent as shadow of US regulator grows bigger thumbnail

A crackdown by US regulators on energy trading may make some physical oil markets more unpredictable and opaque by prompting major companies to cut off communications with market media. Chevron Corp followed ExxonMobil Corp and Royal Dutch Shell this August in curbing the exchange of information between its oil traders and the publishers and news […]


US energy secretary announces $450 mil for coal research

US energy secretary announces $450 mil for coal research thumbnail

US Energy Secretary Samuel Bodman announced $450 million (euro355 million) in grants during the next decade to further research into technology that would lessen the environmental impacts of coal use. Thirty percent of the grant money, or $134 million (euro106 million), will be awarded to groups supporting the research in Kentucky, said Bodman at an […]


Norway Oil Industry Chief Fears Investment Drop

Norway Oil Industry Chief Fears Investment Drop thumbnail

The director general of the Norwegian Oil Industry Association, or OLF, said Friday he fears an imminent drop in investment levels in the nation’s oil and gas sector could impact future production and Norway’s position as the world’s third-biggest oil exporter. rigzone


Iraq, China to Revive 1997 Oil Deal

Iraq, China to Revive 1997 Oil Deal thumbnail

China and Iraq are reviving a $1.2 billion deal signed by Beijing and Saddam Hussein’s government in 1997 to develop an Iraqi oil field, Baghdad’s oil minister said Saturday. topix


World demand for natural gas to exceed oil by 2020: report

World demand for natural gas to exceed oil by 2020: report thumbnail

The world demand for natural gas would increase in the coming decades and exceed the demand for oil by 4.4 percent yearly until 2020, a report issued by Kuwait- based Global Investment House said on Saturday. The report also predicted that the proportion of world natural gas to total global energy would rise to 28 […]


Five ways to make a difference

Five ways to make a difference thumbnail

1: Have your own no-fly zone The problem We are flying more frequently and further than ever before. Uncurbed, air travel is set to become the fastest-growing contributor to climate change. It also necessitates continued airport expansion, which has implications for local environments. There remains no tax on aviation fuel, and a nationwide airport expansion […]


London Plans Hybrid Bus Fleet

London Plans Hybrid Bus Fleet thumbnail

The Guardian. London greencarcongress


Rolls-Royce locates fuel cell operation at Stark State

Rolls-Royce locates fuel cell operation at Stark State thumbnail

Rolls-Royce will headquarter its U.S. fuel-cell subsidiary at Stark State College of Technology. Mark Fleiner, president of Rolls-Royce Fuel Cell Systems (U.S.) made the announcement Friday at the dedication of Stark State timesreporter


As wells dry up, Mexico could be forced to privatize oil

As wells dry up, Mexico could be forced to privatize oil thumbnail

MEXICO CITY But prosperity from years of record oil prices has allowed Mexico to postpone what most agree are much-needed reforms. And now, as production at Pemex’s top oil field declines, pressure to find new fields is mounting. But industry analysts say Mexico’s constitutional restriction on foreign direct investment will hamstring costly exploration efforts, and […]


Why OPEC’s decision has yet to make a difference

Why OPEC’s decision has yet to make a difference thumbnail

SAN FRANCISCO (MarketWatch) — More than a week after the Organization of the Petroleum Exporting Countries said it’s cutting members’ oil production in a move to ease supply levels, prices for crude have barely budged. Traders had hoped an output cut would remedy the steep drop in prices, which had fallen around 10% from the […]


Shell insists Russia will make $80bn from Sakhalin-2 project

Shell insists Russia will make $80bn from Sakhalin-2 project thumbnail

Shell insisted yesterday that the Russian state should expect to heap revenues of up to $80bn ( Shell is embroiled in a showdown with the Kremlin over the cost of the scheme, put by Shell at $20bn, which the authorities accuse the company of inflating. The Kremlin is concerned about the estimated cost – raised […]


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