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Editorial: Makings of a new mess
A sobering aspect of the global financial crisis is comprehensive failure of officials and experts, first, to see the problem coming and, next, to appreciate its severity until full-blown calamity was at hand.
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Economics on Fischer-Tropsch coal-to-liquids method updated
Montana’s Crow Nation and Australian-American Energy Co. reported in August that they will jointly construct a $7 billion coal-to-liquid (CTL) fuels plant in southeastern Montana.
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USGS estimates ANS holds 85.4 tcf of gas hydrates
There are 85.4 tcf of undiscovered, technically recoverable natural gas resources in gas hydrates on the Alaskan North Slope, reported the US Geological Survey on Oct. 18.
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Watching Government: Energy debate in final weeks
As the 2008 election campaigns entered the home stretch, the two major presidential nominees left discussion of energy issues to surrogates.
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Alaska to get $80 million in coastal impact aid
Alaska will receive as much as $80 million of coastal impact assistance authorized under Section 384 of the Energy Policy Act of 2005 (EPACT 2005), said the US Minerals Management Service on Oct. 16.
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DOE generates electricity from producing well’s hot water
Electricity has been generated successfully from a producing oil well’s geothermal hot water for the first time, reported the US Department of Energy’s Fossil Fuel Office on Oct. 16.
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FACTS: Iran needs timely completions in South Pars
Iran’s natural gas production from South Pars gas field Phases 6, 7, 8, and 9—all expected to be completed this fall—could prevent another massive energy crisis in Iran this winter, according to Siamak Adibi in a September FACTS Global Energy Energy Briefs report.
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IEA: Rising demand threatens long-term gas supply security
Over the last 18 months, natural gas prices have continued to rise steadily in both established and new markets “not only a reflection of higher demand, but also of a delayed supply response,” said Nabuo Tanaka, executive director of Paris-based International Energy Agency, in his introduction of the 2008 Natural Gas Market Review, released last week.
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Pertamina under increased parliamentary scrutiny
Indonesia’s state-owned PT Pertamina has come under increased parliamentary scrutiny for further alleged irregularities in its importation of foreign oil products.
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Indonesia awards contracts, opens new bidding round
Indonesia’s Ministry of Energy and Mineral Resources announced the award of 22 new oil and gas blocks to investors, out of the 25 it offered for bids.
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Indonesia expects E&P investment to reach $375 million
Indonesia expects investments to reach $375 million for the 22 oil and gas blocks it awarded on Oct. 17, according to Evita H. Legowo, director general for oil and gas.
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Pertamina moves in on Kodeco, CNOOC
Indonesia’s state-owned PT Pertamina, in line with the country’s developing policy of resource nationalism, is vying with partner Kodeco Energy Ltd. to become the operator of the offshore Madura oil and gas block.
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Watching The World: Will Russia join OPEC?
Much has been said over recent months about the possibility of Russia joining the Organization of Petroleum Exporting Countries.