Exciting prospects for energy security

..Our gas explorers are now straining at the end of their tether. The more pessimistic among them do not think domestic gas output can even be doubled over the next 20 years; the more optimistic hope—and pray—that output could reach 200 million scmd by 2025. Even on the most optimistic projections, India’s import dependence on […]

Transparency And The Oil Dilemma

..These observations suggest that while an initiative that speaks to the need for transparency in Nigeria’s oil industry may speak the language of accounting, it has to accommodate the human and environmental accounting concerns of members of host communities in Nigeria’s Niger Delta region. In effect, a credible transparency initiative in oil extractive activities must […]

Oil-hungry Asia stays friendly with Iran

With the tone rising by the day between Iran and the West over Tehran’s nuclear drive, Asia is staying cool, preserving warm ties with the Islamic republic whose oil it desperately needs. Asia feels little direct threat from Iran’s populist President Mahmoud Ahmadinejad, even as his quest for nuclear technology and bellicose diatribes against Israel […]

Ecuador’s Amazon poor challenge government over oil

Sitting inside the simple wooden shack she calls home, Maria Coyago seethes over how the Ecuadorean government has failed to address the problems of her poor hamlet not far from the country’s rich oil fields. ..Many of Linares’ 200 residents complained that the town lacks drinking water, a sewer system and a decent soccer field. […]

National Grid Buys KeySpan

National Grid moves further into US with Alongside its gas and electricity distribution business, KeySpan has power plants in New York and investments in gas pipelines and storage assets. National Grid said the deal would produce savings of $200m (

Nigeria Turns to China for Defence Aid

Nigeria has criticised Washington for failing to help protect the countryFinancial Times

US Greenhouse Gases Rose 1.7 pct in 2004: EPA

U.S. emissions of gases blamed for global warming rose 1.7 percent in 2004, as the country burned more fossil fuel for transportation and electricity, according to federal environment regulators. The United States, the world’s leading emitter of greenhouse gases, released about 7.075 billion metric tons of carbon dioxide equivalent last year, according to a draft […]

Energy Minister Attacks 4×4 Owners

The energy minister, Malcolm Wicks, said today he wants to move against the “crass irresponsibility” of drivers of petrol-guzzling 4×4 vehicles. Mr Wicks told the Times he would like British and European car manufacturers to follow the lead of Toyota, the Japanese manufacturer of the Prius hybrid vehicle. The government offers Prius buyers a Guardian […]

Two Bombs Rock Iranian Oil Cities

Two bombs exploded in the southern Iranian cities of Dezful and Abadan on Monday wounding at least six people, officials said. The bombs were planted in the governor’s office in both cities, which lie in the oil-producing province of Khuzestan that has seen ethnic tensions between Iranian authorities and the Arab minority over the last […]

Iran Atom Aims Still in Doubt After 3-Year Probe

Three years of U.N. probes have failed to verify whether Iran’s nuclear aims are really peaceful due to continued lack of full cooperation with inspectors, a confidential atomic watchdog report said on Monday. The report by International Atomic Energy Agency director Mohamed ElBaradei was circulated to IAEA board members a week ahead of a meeting […]

Is Beijing Greedy for Oil?

Western countries are quick to blame China’s growing energy needs for rising prices. Instead, they should try to capitalize on it with new solutions China’s growing appetite for energy has caused widespread concern in the West. The Middle Kingdom is blamed for the sharp increase in global oil prices in the past few years. Meanwhile, […]

A Shell of Itself

It should be the best of times for the energy giant. But a look at its reserves show Royal Dutch Shell may soon be running on empty. Judging by the $23 billion it earned last year, these should be the best of times for Shell, the Anglo-Dutch energy giant that ranks third among the top […]

DJ OPEC Jan Output Dn 460,000 B/D on Mo at 29.27M B/D

Production from the Organization of Petroleum Exporting Countries fell by 460,000 barrels a day to 29.27 million b/d in January from 29.73 million b/d a month earlier, the weekly Middle East Economic Survey said in its Monday edition. MEES estimated that production in January of the OPEC-10, excluding Iraq which doesn’t have a quota, fell […]

Oil Futures

Some experts believe the age of oil is near its end. Others insist that there are trillions of untapped barrels left — and that the future of oil depends more on what happens above ground than below. According to ”The Prize,” Daniel Yergin’s Pulitzer Prize-winning 1991 history of the oil industry, the dawning of the […]

Truck explosion ignites search for gas-theft ring

A truck explosion at a gas station north of Toronto sparked a police search for two men suspected of being part of an unusual gas theft ring. The stolen truck burst into flames on Tuesday as the men began filling a 1,100-litre tank hidden in the back of the vehicle. The men were using stolen […]

Profiting from Peak Oil: ‘A race against the clock,’ says mayor

CANADA – We’re all in for a rough ride if global oil production dwindles as expected over the next 10 years, but the need to find alternative fuel sources creates huge business opportunities, experts say. That was the message delivered at a forum last month hosted by the city’s Environmental Advisory Committee (EAC). Less than […]

Iran may scrap gas deal with Crescent Petroleum

TEHERAN “What is now obvious is that the price in the contract has got a lot of problems,” Daneshyar told Dow Jones Newswires in a telephone interview. “Therefore, either the price should be corrected or the contract revoked.” A spokesman for Crescent played down such suggestions. “As for the issue of gas pricing, there are […]

Nitrogen Fertilizer Tool Part of USDA Energy Strategy

Agriculture Secretary Mike Johanns Friday announced the release of USDA’s Energy Estimator for Nitrogen, a web-based awareness tool that farmers and ranchers can use to identify potential nitrogen cost savings associated with major crops and commercial nitrogen fertilizer applications. “The Energy Estimator for nitrogen provides our nation’s producers with another new tool to reduce their […]

Nigeria: Militants attack another flow station

Militants suspected to be Ijaw, have continued their attacks on oil facilities in the Niger Delta by vandalising a flow station and a gas flow line in Warri South-West and Burutu Local Government Areas of Delta State. The Shell Petroleum Development Company, which only on Friday was asked by a Federal High Court, Port Harcourt, […]

Fuel prices hit more than just profits

Like other ceramic businesses, H &R Johnson has been hit by increases in energy costs of around 60 per cent in the past 12 months. The reasons behind these rises are well documented and you have to question why the country has been allowed to reach such a critical position, especially as the problem was […]

Farmers’ fury boils over

They agitate for fertiliser, power BANGLADESH – Persistent fuel and power crises fanned further agitation among the fertiliser-hungry farmers as they continued barricading roads and hemming local government offices in several districts yesterday in the peak boro season. Agitators in Tangail, Khulna, Satkhira, Rajshahi and Kishoreganj, among other districts, staged demonstrations demanding fertiliser and in […]

Oil expert: Output downhill from here

Energy – Author Ken Deffeyes thinks the depletion of fossil fuels could lead to a worldwide cataclysm Few petroleum geologists qualify as celebrities. But Ken Deffeyes, a former Shell Oil geologist who is now a professor emeritus of geosciences at Princeton University, recently sold out Portland’s First Congregational Church, where he came to lecture on […]

Dry winter points way to summer drought for Europe

The drought that threatens much of western and southern Europe this summer is already creating problems in France, Spain and the UK, and will grow more serious if meteorologists are right in their predictions… Electricity generation could become problematic if the drought persists, as nuclear power stations, which provide three quarters of French electricity, need […]

Stranded assets

Following the inevitable crash due to an implosion of the current insane debt and tax break fuelled Irish development bubble and severe reduction in oil supplies, there will initially be a wide range of distress sale, stranded assets up for grabs at knock down prices. ..Severe reduction in oil supplies and the related hike in […]

What happens when the gas is all gone?

The future of energy companies in New Zealand is dominated by one question: what happens if no oil or gas is found to replace the Maui field, due to drop dramatically next year?.. The next year could be critical. If no discoveries are made over this period, major gas users Genesis and Contact might be […]

THE REAL COOL DUDE

This creative inventor has been putting things together to form collapsible bicycles, solar cookers, heaters and telescopes which not just make life easy but also conserve energy ..However, Benjamin is worried about an impending energy crisis in the world. Warns the man, “We are heading towards a scenario where water and petrol will be precious […]

Oil imports down but costs increase

The Philippines’ net oil imports decreased in volume by eight percent as of end-November last year but cost soared compared to same period in 2004 after sustained increases in international oil prices… Aside from the impact of high oil prices which restrains demand, the Department of Energy said that the decrease in consumption could be […]

Alternative Energy Is the Greatest Task Before the Nation

By Kim DaeJoong, former ROK president Look at our roads and highways and think about the chaos that would ensue if the supply of oil and gas is suspended. The mind boggles to think what would happen to our industries, which are heavily dependent on fossil energy. We would be ruined. Oil and gas have […]

Japan utilities eye summer oil as LNG hits records

Japanese utilities may fire up more oil generators to meet peak summer demand if spot liquefied natural gas (LNG) prices, inflated by an unusually frigid winter and European outages, stay near record highs. Soaring demand this winter has forced power firms in the world’s third-biggest energy consumer to increase oil purchases to the highest level […]

Arabs to spend upto $70b in oil capacity expansion

The UAE, Saudi Arabia and other key Arab oil producers will pump between $60-70 billion into projects in the next few years to add at least six million bpd to their crude output capacity to meet growing global demand, according to a top Arab oil official. Dr. Abdul Aziz Al Turki, Secretary General of the […]

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