Emulsion fuel options still viable for heavy oil
Venezuela was until recently the only source of a unique fuel option that bypassed the traditional yet capital intensive two-step conversion of bitumen-extra heavy crudes(B-EHC) to synthetic crude oil (syncrude) and then to refinery products.
Storm recovery begins; limited refinery damage seen
The US oil and gas industry reported early progress as it began to recover from damage caused by Hurricane Ike, which made landfall over Galveston, Tex., in the early hours of Sept. 13.
US House approves Democratic leadership’s energy bill
US House members passed an energy bill by 236 to 189 votes on Sept. 16 which Democrats called a true compromise and Republicans labeled a travesty.
Congress members pledge action after oil speculation study
An independent report showing that record amounts of speculative investment drove oil prices to record peaks in 2008 confirms that stronger market regulation is needed, federal lawmakers said.
WATCHING GOVERNMENT: Energy compromises
Within a few short weeks, the potential for congressional energy compromises, which looked so bright at the beginning of August, began to look increasingly tarnished.
AFR: E. Java mud flow damage understated
Santos Ltd. has rejected speculation suggested by a Sept. 15 report in the Australian Financial Review (AFR) that said: “Santos is facing a blowout in the clean-up bill from the world’s largest mud volcano in East Java” because the “disaster cannot be contained.”
WATCHING THE WORLD: The Russians are coming
Did anyone really think Moscow would just sit still as Washington, DC, and its allies attempted to extract oil and gas from Russia’s backyard in the Caspian and Central Asia?
FACTS: Iran to complete many delayed petchem projects
By yearend 2009, Iran plans to complete many delayed petrochemical projects currently under construction, according to FACTS Global Energy in a report entitled, “An Update on Iran’s Petrochemical Projects.”
Biofuels gain within fuels mix could be slow, study says
Biofuels could make up 10-15% of the global fuels mix in 20 years, although getting to the level will be more difficult than some might expect, consultant Accenture said in a recent report.