Tag: energy

OPEC cuts oil demand forecast on growth concerns

OPEC sharply revised down its forecast today for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak U.S. driving season.  More »

At least 75 Kenyans dead after pipeline explosion

A local official says at least 75 bodies have been recovered after an explosion of a gasoline pipeline running through a slum in Kenya’s capital.  More »

Iran’s first nuclear plant goes online

Iran’s first nuclear power plant stepped up operations today after more than a decade of delays, pumping out electricity at up to 40 percent capacity and marking a major step forward in the Islamic Republic’s nuclear program.  More »

U.S. rushing to meet offshore drilling date

The Obama administration has less than 10 months to finish assembling its plan for selling offshore drilling leases over the next five years, and some oil industry leaders are worried the government is barely on track to meet a July 1 deadline for issuing the document.  More »

1 dead in explosion at French nuclear waste plant

French nuclear safety body says an explosion has rocked nuclear plant in southern France.  More »

Ethanol 15 might impact sportsmen, older cars

I was trying to summarize the nightmare Pete Landry was describing, and suggested this: Come fall, Louisiana’s 320,000 boaters will begin unwittingly filling their tanks with the new 15 percent ethanol fuel blends (E-15), resulting in millions of dollars in unnecessary damage, not to mention broken dreams.  More »

Steffy: ‘Texas tea now the lesser of two oils’

This is a tale of two oils. Houston-based Swift Energy pumps crude from its oil fields in Louisana and gets a price that’s within a few dollars of what producers receive in most of the world. As of Thursday, that was about $114 a barrel.  More »

Norwegian giant in it for the long haul with Texas shale venture

Helge Lund, CEO of Norway’s Statoil, likes to say his company is more than just a financial investor in shale gas fields in the U.S., and he made that abundantly clear one morning last week.  More »

Nissan develops cheaper, smaller charger for EVs

Nissan has developed a charger for electric vehicles that’s smaller, about half the price, and easier to install.  More »

Dow Chemical, Sasol win dismissal of Greenpeace lawsuit

Dow Chemical Co. and Sasol North America Inc. won the dismissal of a lawsuit alleging the chemical companies illegally spied on a unit of Greenpeace International, the environmental advocacy group.  More »

China undertakes more offshore drilling safety inspections

China’s State Administration of Work Safety will undertake further inspections into safety practices in the offshore petroleum exploration industry, the agency said in a statement on the government’s website Saturday.  More »

What was missing from Obama’s speech?

President Barack Obama unveiled his $447 billion package aimed at jump starting jobs in the U.S., energize his political base and bringing renewed hope to the American people. But what was missing from his speech last night? Hint: it starts with an ‘E.’  More »