Category: Energy Matters

  • OIL Price Daily News Update

    Oil Price Daily News Update


    U.S. Military Gets Serious About Biofuels

    Posted: 26 Mar 2012 03:35 PM PDT

    Biofuels, long struggling with a plethora of problems, may finally be seeing the light at the end of the tunnel, as the largest fuel consumer, in the U.S, the Pentagon, is seeking proposals. Last month U.S. Army Energy Initiatives Task Force (AEITF) issued a draft request for proposals (Draft RFP) renewable energy contracts. What’s on offer? Over the next decade, an impressive $7 billion. During the AEITF’s pre-solicitation phase, the Draft RFP is designed to gather information from potential bidders to assist the AEITF to…

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    Geopolitics Informs Gaza’s Energy Crisis

    Posted: 26 Mar 2012 03:28 PM PDT

    The acute energy crisis that has consumed Gaza is a symptom of realities that have forced Hamas to recalculate its alliances after hedging its bets that a post-Mubarak Egypt would translate into solidified power. Massive queues for gas and daily 18-hour blackouts and hospitals unable to cope without fuel for backup generators has Gaza in a state of panic. The energy crisis has also affected water supplies and sewage treatment. The Hamas government has been smuggling fuel supplies from Egypt to Gaza’s main power plant. The alternative is fuel…

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    Why Saudi and US Attempts to Influence Oil Prices are Ineffective

    Posted: 26 Mar 2012 03:25 PM PDT

    If you have the power and the desire to bring down oil prices, the best way to proceed is to start bringing them down. The easiest and fastest method would be to make more supplies available to the world market and keep adding until you reach your target price. The less you say about what you are doing, the better. When market participants are filled with uncertainty about your intentions, they have only the direction of prices to guide them. That means the speculative players can help you achieve your goals more quickly as they panic out of their…

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    Patience Needed in Post-Fukushima Japan

    Posted: 26 Mar 2012 03:20 PM PDT

    One year after the 9-magnitude earthquake and subsequent tsunami, Japan may still face a nuclear energy crisis. The country was already forced to take on more fossil fuels to offset the loss of nuclear power and could now face a summer of energy shortages given expected shutdowns at its nuclear reactors. Renewables may provide an answer, though the Asian economy may need to muster some political will so that it doesn’t lose another decade, but this time to energy. Japan after the 2011 nuclear disaster at the Fukushima Daiichi nuclear power…

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    Catastrophic Climate Change to Hit Africa and the Middle East within a Decade

    Posted: 26 Mar 2012 03:12 PM PDT

    A new study just published in Nature Geoscience has found it plausible for the first time that the world’s average surface temperature could rise by as much as 5 degrees Fahrenheit (3 C.) by 2050, only 38 years from now. In February, the United Nations warned that the world only has a few years to substantially reduce its dependence on hydrocarbons, if it was to avoid the disasters facing the earth with a temperature rise of more than 2 degrees C. The likelihood that such a rise in temperature can be avoided is now low (emissions were up…

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    Japan’s Final Nuclear Reactor to Close in May

    Posted: 26 Mar 2012 03:06 PM PDT

    Following last year’s nuclear disaster at Fukushima caused by the catastrophic meltdown of three reactors due to an earthquake and subsequent tsunami, Japanese confidence in nuclear power has plummeted. A veritable powerhouse in the nuclear power industry before the incident, Japan now has only one of its 54 reactors running, after another was closed down today. Its reactors are being idled in order to undergo safety check-ups, and general maintenance. The Tokyo Electric Power Company (TEPCO) shut down its final reactor today, meaning that…

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  • World Nuclear News

    27 March 2012

    NUCLEAR POLICIES: World leaders renew nuclear pledges
    The synergies between nuclear safety and security were highlighted at the 2012 Nuclear Security Summit in Seoul, where world leaders concluded that the right to develop and use nuclear energy for peaceful purposes must not be hampered by measures to strengthen nuclear security.

    NEW NUCLEAR: Sanmen 1 connected to offsite power
    Unit 1 of China’s Sanmen nuclear power plant has been connected to a nearby substation to provide offsite power for testing electrical systems. The reactor is set to begin operating next year.

    CORPORATE: Westinghouse reorganizes its nuclear business
    Westinghouse will split its nuclear power plant business unit into two distinct organizations – one to focus on the delivery of new plant projects to existing customers and the other to develop new plant opportunities globally.

    Copyright © 2012 World Nuclear Association, All rights reserved.
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  • Peak Oil News

    News 4 new results for PEAK-OIL
    Spread Reckoning: US Suburbs Face Twin Perils of Climate Change and Peak Oil
    Infoshop News
    Sprawling metropolitan areas like Merriam, Kans., face fundamental challenges from global warming and the end of easy oil. Most people reading this would probably find Merriam, Kansas, very familiar. Not because they’ve been there, but because it’s a
    See all stories on this topic »
    Less oil from Kharyaga Than Planned – Total
    Oil and Gas Industry Latest News
    Peak oil will be smaller and come later than planned in the Kharyaga project, field operator Total confirms. The French oil major has adjusted its prognosis for the Kharaga field, the company’s asset in the north Russian Timan Pechora province.
    See all stories on this topic »
    Benefiting From $200 Oil
    Seeking Alpha
    Today we are concerned about peak oil because global demand in oil and gas is increasing 3% a year, while production is decreasing 3% a year. There have been tensions with Iran trying to shut down the Strait of Hormuz, which will affect 35% of seaborne
    See all stories on this topic »
    A Closer Look at Portland’s Local Food System
    Neighborhood Notes
    “It looks about as good as you can have it after spreading three yards of compost,” says O’Leary, a Multnomah County employee who is involved with Transition PDX and also helped the City of Portland develop its Peak Oil plan.
    See all stories on this topic »
  • Shell evacuates North Sea rig workers after gas leak

    Shell evacuates North Sea rig workers after gas leak

    Oil company removes workers from two installations after leak at nearby Elgin platform, 150 miles off the coast of Aberdeen

    • guardian.co.uk, Tuesday 27 March 2012 07.36 BST
    • Article history
    • Oil rigs in the North Sea

      Oil platforms in the North Sea – Total said the cause of the gas leak at the Elgin rig remains unclear. Photograph: Getty

      Shell is removing workers from two offshore installations close to a Total platform which has been evacuated after a gas leak.

      The leak on the Elgin PUQ platform, about 150 miles (240km) off the coast of Aberdeen, led to the evacuation of all 238 workers.

      Total E&P UK (TEP UK), which operates the platform, said it was taking “all possible measures” to try to identify the source and cause of the leak and to bring it under control.

      It has been confirmed that there is a sheen on the water near the platform.

      Oil Spill Response (OSRL) on Monday carried out two aerial surveillance flights to assess the situation and two further flights were planned for Tuesday.

      Shell said it is removing 85 staff from its Shearwater platform and the nearby Noble Hans Deul drilling rig as a precautionary measure.

      They are around four nautical miles (4.6 miles) from the Elgin platform.

      Drilling operations on the Noble Hans Deul rig have been suspended and the wells have been left in a safe state, Shell said.

      A Shell spokesman said: “While the move is purely precautionary and primarily driven by the prevailing weather conditions, and both facilities remain operational, it has been decided to reduce numbers to a more manageable level until the full situation surrounding the Elgin leak has been established.”

      Shell is removing 52 workers from Shearwater, leaving 38 on board, while 33 are being taken off the Hans Deul, leaving 79.

      Following the discovery of the leak on Sunday 219 staff were evacuated from the Elgin platform.

      Nineteen core crew were initially left on board but were taken off overnight between Sunday and Monday and flown to Aberdeen.

      There have been no reports of any injuries.

      Aberdeen coastguard co-ordinated the evacuation of the Elgin platform.

      Coastguard watch manager Kevin Brown said three rescue helicopters and four civilian helicopters helped with the process.

      TEP UK said it has met the secretary of state’s representative, the Health and Safety Executive, the Department of Energy and Climate change, Marine Scotland and the coastguard.

      The company said it has also mobilised experts from elsewhere in the Total Group to offer additional assistance and help deal with the incident.

      In a statement the company said: “Total E&P UK confirms that the gas leak at the Elgin Well Head Platform remains ongoing, although the situation is currently stable.

      “We continue to take all possible measures to try to identify the source and cause of the leak and to bring it under control.”

      The company said the precise cause of the leak remains unclear.

  • Nuclear Summit Falls Short on Goal

    News 9 new results for DANGER TO US NUCLEAR PLANTS
    Nuclear Summit Falls Short on Goal
    Wall Street Journal
    Even with the Fukushima nuclear plant disaster in Japan last year serving to focus world attention on the danger nuclear materials can present, the negotiations on nuclear security have become as complicated as those over the global financial crisis
    See all stories on this topic »
    Guns, gates guards do not make N-plants secure: India
    Daily News & Analysis
    Sources said that the ‘insider threat‘ was more a concern in Pakistan’s nuclear installations than in India. US President Barack Obama opened the Summit this evening with a assurance that the US would further cut its own nuclear stockpiles.
    See all stories on this topic »
    Shunning Nuclear Power Will Lead to a Warmer World
    Yale Environment 360
    But there are worse consequences for the health of the Japanese, and serious long-term impacts on all of us. Japan has shut down almost all its reactors, and it’s unclear how many will ever restart. Germany has decided to phase out its nuclear power
    See all stories on this topic »
    NBC Sees Nuclear Plant as Job Creator for Vets…After Hyping It As Dangerous
    NewsBusters (blog)
    LESTER HOLT: As the disaster in Japan unfolds, serious questions are being raised about the safety of nuclear power plants in the United States. A government report has found the plant with the highest risk of core damage from an earthquake here is
    See all stories on this topic »
    NUCLEAR POWER PLANTS: The Very Real Possibility of A Global Nuclear Catastrophe
    The Market Oracle
    We are terrified of things that will probably never happen, and underestimate the real dangers which face us. Nasa scientists are predicting that a solar storm will knock out most of the electrical power grid in many countries worldwide,
    See all stories on this topic »
    At nuclear summit, new agendas vie for space with security
    The Hindu
    “Last year, the IAEA Board of Governors unanimously approved the safeguards agreements of our two new civil nuclear power plants,” he said, referring to the Chashma-3 and 4 reactors supplied by China. That approval “shows the international community’s
    See all stories on this topic »

    The Hindu
    Canada not at table as US, others announce isotope plan
    CTV.ca
    The US, Belgium, France and the Netherlands committed Monday to convert their isotope-producing nuclear reactors to the new process by 2015, saying doing so would also improve the reliability of the isotope supply. Canada is a leader in the field,
    See all stories on this topic »

    CTV.ca
    Interest in nuclear energy legitimate, BuShehr plant location a concern -lecture
    Kuwait News Agency
    By Abdelwaheb El Gueyed (with photos) VIENNA, March 26 (KUNA) — Though it is legitimate for countries to show interest in nuclear power, possession of such technology causes legitimate fears when specific risk factors are present, said a specialist
    See all stories on this topic »
    Japan to push anti-terror measures at nuke plants
    Pekin Daily Times
    By By Eric Talmadge AP The US had repeatedly warned Japan about vulnerabilities at its nuclear plants in case of a Sept. 11-style terror attack. It turned out Washington was right about the soft spots, but wrong about the enemy that would strike them.
    See all stories on this topic »

     


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  • Oil Price Daily News Update

    Oil Price Daily News Update


    How Global Warming Causes Extreme Weather Patterns

    Posted: 26 Mar 2012 01:12 PM PDT

    One claim frequently heard regarding extreme heat waves goes something like this: “Since this heat wave broke the previous record by 5°C, global warming can’t have much to do with it since that has been only 1°C over the 20th century”. Here we explain why we find this logic doubly flawed.One can ask two different questions about the influence of global warming on heat waves (Otto et al. 2012), and we take them in turn.1. How much hotter did global warming make this heat wave?We have some trouble with framing the question…

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    Even Keel Needed off Coast of Brazil

    Posted: 25 Mar 2012 08:44 AM PDT

    An oil spill off the coast of Brazil has sparked a political firestorm in what may one day be a global production leader. The Brazilian government is throwing the books at Chevron, while the U.S. supermajor tries to dodge legal bullets. There’s no such thing as too much caution in the wake of the 2010 oil spill in the Gulf of Mexico but Brasilia might be inhibiting its own potential in an effort to send the warning that it means business offshore. Roughly 3,000 barrels of oil spilled off the coast of Rio de Janiero in November at the Chevron-operated…

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    Cameroon, West Africa’s Latest Oil Battleground

    Posted: 25 Mar 2012 08:38 AM PDT

    Sometimes it’s the obscure items about news reports that catch one’s eye. On 17 March a senior official of the Cameroon’s state-run National Hydrocarbons Corporation (SNH) told China’s Xinhua news agency the private Anglo-French oil and gas company Perenco subsidiary Perenco Cameroon will raise its Cameroon oil production to 50,000 barrels per day by March 2012. The increase is because of soaring production from its Baf-3 oilfield offshore in the Kribi/ Campo basin on the country’s southern Atlantic coast. The…

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    Several Reasons Why Gasoline Prices are so High

    Posted: 25 Mar 2012 08:31 AM PDT

    When President Obama took office, regular gasoline cost $1.85 a gallon. Now its hit $4.00 per gallon in many cities, and some analysts predict it could reach $5.00 or more this summer. Filling your tank could soon slam you for $75-$90.This winter was warm. Our economy remains weak. People are driving less, in cars that get better mileage, even with mandatory 10% ethanol. Gasoline is plentiful.  Misinformed politicians and pundits say prices should be falling.  They claim our pain at the pump is due to greedy speculators and greedier oil…

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    Gold Producers on the Edge as Touareg Rebellion Forces Coup in Mali

    Posted: 25 Mar 2012 08:27 AM PDT

    Overrun by a Touareg separatist rebellion and an increasing threat from Al-Qaeda in the Islamic Maghreb (AQIM), the government of Mali has been overthrown in a coup d’état by mutinous soldiers who seized the presidential palace on 21 March and installed a transitional council, promising to hand over power after new elections. On some level, this is partly fall-out from the conflict in Libya, from whence Touareg rebels who fought alongside Gaddafi returned home new empowered and emboldened. The Touareg are seeking independence for the…

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    Natural Gas Analysis for the Week of March 26, 2012

    Posted: 25 Mar 2012 08:25 AM PDT

    Last week looked promising for May Natural Gas following the previous week’s closing price reversal bottom, but even after a confirmation, the market could not follow-through to the upside. Early in the week, the market took out 2.468 to confirm the closing price reversal bottom at 2.306, but sellers came in at 2.502, slightly ahead of downtrending Gann angle resistance at 2.524. The inability to gather enough buying power to push through this price forced the market to turn sellers, driving natural gas lower for the week.Before getting too…

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    The U.S. Has Granted Japan and 10 EU Countries Exemption from Iran Sanctions

    Posted: 25 Mar 2012 08:17 AM PDT

    It is well known that as part of a coordinated campaign the US and EU have pressured Iran with their sanctions to restrict any country importing Iranian crude oil. Under the sanctions law president Obama must cut off foreign financial institutions, who continue to trade with Iran’s central bank without an official exemption, from the US financial system. Exemptions are available to countries that make significant reductions the amount of Iran crude that they import before the end of June. No official figure has been released to indicate what…

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