Oil & Gas
Jan 25th, 2011
India’s Solar Power Producers Face Big Challenge
The relatively small scale of India’s largest solar power plant, the 5-megawatt Sivaganga project that constructor Moser Baer brought on stream in the southern state of Tamil Nadu last month, illustrates the enormity of the renewable energy challenge ahead for the world’s third largest energy consumer behind China and the United States.
India has set a...
Jan 24th, 2011
Solid Energy Plans Briquette Plant
Coalminer Solid Energy has confirmed a site to start a lignite briquetting operation to test the New Zealand industrial market.
The state-owned miner said the former Mataura mine site is the preferred location to build and operate a demonstration briquetting plant to supply the industrial market with briquettes and trial their value for export.
Solid...
Jan 17th, 2011
Crude Oil Falls to $91
The price of crude oil falls today to $ 91 a barrel, as the movements of the Chinese government against the overheating of the economy supply estimates for a reduction in crude demand. In February’s delivery contracts, the price fell to 48 cents to $ 91.06. During the last year, it writes profits of 17%....
Nov 9th, 2010
United States Gas Prices are Flat Now but Increases Are on the Way
United State gas prices have been flat now for over two weeks. This has given some people a lot of hope that maybe gas prices would stay this way for awhile. However, it now seems that rising crude oil prices are likely to result in an increase in fuel costs soon, according to a new...
Nov 9th, 2010
The Future of Nuclear Power in the United States
Nuclear power isn’t just another form of electrical generation in the United State, despite the fact that it provides nearly 20 percent of our electricity. Since the partial core meltdown at Pennsylvania’s Three Mile Island power plant in 1979, nuclear has become something of a litmus test for many, but not all, environmentalists.
Proponents point to...
Nov 9th, 2010
Imerys Pigments for Paper North America to Increase Kaolin and Calcium Carbonate Prices by 5 to 7%
/Lesprom Network/. Imerys Pigments for Paper North America announces price increases for kaolin and calcium carbonate, effective January 1, 2011, subject to any provisions in individual customer contracts.
The prices of kaolin produced in the USA and Brazil, including calcined kaolin products, will increase by 5 to 7%. The prices of ground calcium carbonate will increase...
Nov 8th, 2010
OIL FUTURES: Crude Hits 25-Month High Despite Dollar Strength
SYDNEY (MarketWatch) — Crude-oil futures hit a 25-month high in Asian trading Monday despite the U.S. dollar strengthening against the euro, though it pared those gains after the greenback’s rise became significant.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $86.96 a barrel at 0609 GMT, up 11...
Nov 5th, 2010
OIL FUTURES: Oil Flat After Data Shows US Added Jobs
NEW YORK (Dow Jones)–Oil futures were nearly unchanged Friday after hitting a two-year high overnight, after the Labor Department said the U.S. economy added jobs in October.
Nonfarm payrolls rose by a larger-than-expected 151,000 in October, the first gain since May, the Labor Department said Friday. However, the unemployment rate remained at 9.6%.
Light, sweet crude for...
Nov 5th, 2010
Obama to Launch Clean Energy Initiative in India
WASHINGTON: US President Barack Obama and India are expected to launch a joint initiative on clean energy, eyeing economic opportunities in an area that has long divided the two countries.
Obama arrives Saturday on his first presidential visit to India, where many analysts say that relations with the United States have lost momentum after warming rapidly...
Aug 24th, 2010
Solar energy is a major economic driver for the United States
The renewable energy (RE) and energy efficiency (EE) industries generated more than 9 million jobs, more than $1 trillion in revenue, and nearly $160 billion in federal, state, and local tax revenue in 2007.
Solar energy is a major economic driver for the United States, creating green jobs and vigorous revenue growth for participating companies. Despite...
Jul 13th, 2010
BP Oil Spill: New Cap ‘Successfully Installed’ on Leaking Well
BP to begin tests to close valves on new containment cap in Gulf of Mexico and hopes to temporarily stop oil gushing from wellhead
BP has fitted a larger, tighter-fitting containment cap on the ruptured Gulf of Mexico wellhead that has been gushing with oil since the Deepwater Horizon explosion on 20 April.Crude oil continues to...
Jun 16th, 2010
Fabric Could Help Clean Up US Oil Spill
A company from Switzerland which produces a fabric used for absorbing oil said on Tuesday that it had been visited by US officials, after claiming that it could aid in the clean-up effort in the Gulf of Mexico.
Carlo Centonze, chief executive of HeiQ Materials, said the company had received a visit from US army and...
Jun 16th, 2010
Pakistan, U.S. Hold Strategic Dialogue on Energy
The delegations from Pakistan and the United States met on Wednesday in Islamabad to continue a partnership on energy issues focused on improving the lives of the Pakistani people, a joint statement said.
This meeting of the energy working group under the U.S.- Pakistan Strategic Dialogue follows the October 2009 and March 2010 bilateral energy dialogues.
Discussions...
May 5th, 2010
America Holds Its Breath as Race to Halt Oil Leak Goes On
CALMER seas in the Gulf of Mexico yesterday helped efforts to fight the growing oil slick but gave little comfort to coastal residents waiting to find out when and where it would hit land.
So far only light surface oil, called sheens, have reached some coastal waters in the south-east United States, and the oil’s slow...
May 4th, 2010
Oil Falls Below $86 on Firm Dollar, High U.S. Stockpiles
Oil fell below $86 a barrel on Tuesday, dampened by the stronger dollar and an expected rise in U.S. crude and fuel stocks, after hitting a 19-month high on positive economic news the previous day.
The dollar hovered near 8-½ month highs against the yen and one-year peaks versus the euro, boosted by robust data that...
Mar 23rd, 2010
Enbridge Pushes into U.S. Natural Gas Liquids
Enbridge Inc. plans to expand into the natural gas liquids shipping business, tapping the potentially huge resources of the U.S. Marcellus shale gas play to fill fractioning plants in the U.S. Midwest.
The oil pipeline giant said Monday it will hold an open season mid-year to gauge interest from producers in the Pennsylvania-West Virginia region in...
Mar 22nd, 2010
U.S. Government Exposes Its Own Oil Supply And Demand Data To Be Completely Flawed
The Department of Energy has just released a study that found ‘critical shortcomings’ in U.S. oil inventory data.
The documents, obtained through a Freedom of Information Act request, expose several errors in the Energy Information Agency’s weekly oil report, including one in September that was large enough to cause a jump in oil prices, and a...
Mar 19th, 2010
Oil prices retreat as US dollar strengthens
NEW YORK, (Xinhua) — Oil prices dipped yesterday as the US dollar strengthened against the euro.
The dollar gained against the euro as the single currency was hit by a report saying Greece is not hopeful of receiving aid from euro zone members.
The stronger dollar pressures oil and commodity prices by making them more expensive for...
Feb 19th, 2010
Oil falls to near $78 on US dollar rally
Oil falls to near $78 in Europe as Fed emergency loans rate hike triggers dollar rally
Pablo Gorondi, Associated Press Writer, On Friday February 19, 2010, 6:56 am EST
Oil prices fell to near $78 a barrel Friday after the U.S. Federal Reserve’s unexpected hike to interest rates for emergency loans to banks boosted the dollar,...
Feb 19th, 2010
EDG Fuels to open biodiesel plant
EDG Fuels is due to open a new biodiesel plant on 13 March 2010, based in Tucson, Arizona, US.
The facility will begin operations by producing 3 million gallons of biodiesel a year and it is hoped this will expand to 6 million gallons the following year.
Used cooking oil will be collected and converted into biodiesel.
According...