Crude oil climbs to fresh record - 09/05/2008
The price of a barrel of crude oil has reached another record high in both London and New York on May 8. US light crude added US¢16 to settle at US$123.69/bbl in New York trading, but in after-hour electronic trading, the contract hit US$124.61/bbl. Meanwhile in London, Brent crude closed US¢52 up at US$122.84/bbl, a new re .... more BHP Billiton: Australian Browse LNG project to cost more than US$25bn - 09/05/2008
Woodside Petroleum Ltd's Browse LNG project offshore Western Australia state is expected to cost more than US$25bn, part-owner BHP Billiton Ltd. (BHP) said May 8. The project, which is aiming to produce 13.6Mta of LNG, will cost "something north of US$25bn when it's all put in," BHP Petroleum Chief Executive Michael Yeager sai .... more Firm US natgas prices seen boosting LNG imports - 09/05/2008
A 25 per cent run-up in US natural gas prices since mid-March has made the United States a more attractive destination for liquefied natural gas imports, according to a Houston-based consulting firm. Waterborne Energy, a consulting firm that monitors the global flow of liquefied gases, estimates that U.S. imports of LNG should .... more India: Coal shortage to fuel power crisis - 09/05/2008
Coal reserves at India's power stations have hit a record low. Nearly a third of the country’s thermal stations are now reported to be facing “critical stocks”, where coal stocks are expected to last less than seven days. Of the 77 thermal stations in the country, 25 have now been bracketed as having “critical stocks”, of w .... more 80 GW Solar Thermal Pwr Could Be Online In US By '30 - Report - 09/05/2008
Almost 80GW of solar thermal power could be online in the US by 2030 if federal and state governments move ahead with tax credits and renewable energy mandates, according to a new report published May 8 by the advocacy group Environment America. Because solar thermal energy storage allows electric generating capacity even when .... more US: Energy tax in Farm Bill - 09/05/2008
.S. Senate Documents The following information has been updated as of May 8, 2008, to reflect the final agreement on the farm bill tax package. 2008 FARM BILL TAX PACKAGE: HOMEGROWN ENERGY INDEPENDENCE As summer approaches, American families are paying higher prices than ever for gasoline. Our country needs to break i .... more EIA: ‘08 global oil use expected to increase by 1.2mbpd; balance to remain tight - 08/05/2008
World oil demand is expected to rise by 1.2mbpd, or 1.4 per cent, in 2008, with all the growth coming from outside of the major industrialized countries, the US Energy Information Administration said May 6. Demand in the US, is expected to fall by 190,000bpd, to 20.51mbpd/ The agency blames the US economic slowdown and high pe .... more Russia and the USA sign nuclear power generation agreement - 08/05/2008
Russian Federal Atomic Agency (RosAtom) chief Sergei Kiriyenko and William Burns, the US Ambassador to Russia signed an inter-governmental agreement May 6 on civilian applications of nuclear energy. If this document comes into force, it will remove barriers to cooperation between Russian and US companies operating in the nuclear .... more Clean-coal test is a go in Ohio; Federal government awards US$61.1m to pump CO2 underground - 08/05/2008
The US federal government announced on May 6, that it will spend US$61.1m on a clean-coal project in Ohio, a major step in deciding whether it is commercially feasible to burn Midwest coal without emitting the carbon dioxide thought to cause global warming. The money will be used to build and run a demonstration project in the .... more US wind industry on course for record 2008 - 08/05/2008
The US wind power industry is on track to continue its record run in 2008 after the sector installed 1400MW of new generating capacity in the three months ended March 21, according to figures released May 7. If the pace continues, a record total of 5600MW of generating power will be installed in 2008, according to figures from .... more
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