State steps in for Yukos oil unit
Russia’s state owned oil firm Rosneft has bought the mystery winner of Yukos’ prize production unit in a move that nationalises 11% of the country’s oil output even as a legal battle rages in America over the sale.
Russia’s state owned oil firm Rosneft has bought the mystery winner of Yukos’ prize production unit in a move that nationalises 11% of the country’s oil output even as a legal battle rages in America over the sale.
The first phase of a methanol production plant that could become the world’s biggest after completion was inaugurated here Friday by interior ministry and other provincial officials.
The US is facing a critical five-year period in which, unless new steps are taken by consumers, industry and government, there is significantly increased risk of higher, more volatile natural gas and electric power prices, job losses, demand destruction and industry relocations.
When I went to work for Mobil Oil in 1966, M. King Hubbert’s prediction that Lower 48 crude oil production would peak in 1970 was controversial. Debate over the timing of the peak in global oil production can be taken as an indicator that it is getting close.
A Peak Oil Nightmare
Russia’s oil output and export growth is likely to slow by almost 40 percent in 2005 as the ruin of top major Yukos, higher taxes and a pipeline bottleneck put the brakes on a five-year boom.
A Christmas wishlist from from one of the most energy rich nations on Earth but where the electricity rarely functions…
LEAL, Sudan — On this flat and dusty African plain, China’s largest energy company is pumping crude oil, sending it 1,000 miles upcountry through a Chinese-made pipeline to the Red Sea, where tankers wait to ferry it to China’s industrial cities.
Enbridge Inc. may offer an equity stake in a Canadian oil sands pipeline to a Chinese investor, but is concentrating efforts on attracting shippers for the C$2.5 billion ($2 billion) proposal, a spokesman said on Thursday.
Analysis of how US customers buy into biomass energy technologies, examples of renewable power suppliers, how Renewable Energy Certificates work, and where providers are now operating.
As the energy crisis intensifies, a myriad of technical solutions are being proposed. Governments, corporations and scientists are not offering new creative solutions, not because they are failing to make strong efforts, but because energy itself is a very mature industry.
Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday.