India: Deadly fire after oil containers at depot burst

A deadly fire has broken out in Sanganer, Jaipur, Rajasthan (India) due to explosion at a oil depot at 7:30PM local time. Five people have been reported killed and about 150 injured by now. The...

Activists Block Oil Sands Mine In Alberta

Greenpeace activists have shut down a 155,000 barrel a day operation in Shell's Albian Sands mine just north of Fort McMurray, which is located in northern Alberta, Canada. The 25 activists from Canada, the U.S....

If Passed, Cap-and-Trade Bill Will Cost You Dearly

The Waxman-Markey cap-and-trade bill will hit consumers of petroleum fuels especially hard by dramatically increasing the costs of goods and services as noted in the graphic at right, according to two groups...

Tour Offers Writers Education in Natural Gas

During a two-day fact-finding trip this week, I learned a lot about Williams’ cutting-edge natural gas exploration and production efforts taking place in Western Colorado’s Piceance (pronounced “pee-ahnce”)...

Eastern Nepal faces petroleum shortage

Eastern Nepal is in severe shortage of Petroleum products after peroleum dealers went on a strike to against the decision to replace old oil tankers. " Nepal Oil Corporation (NOC) has decided to replace such old tankers. The entrepreneurs have halted since Sunday on the...

Calderon Admits Mexico's Oil Depletion

 "We are running out of it" President Calderon said as he referred to oil extraction in Mexico. He regretted the Congress not approving a reform that allowed private resources in the construction of...

Gobierno boliviano nacionaliza la petrolera Chaco

Source: Agencia boliviana de informacion; http://abi.bo/index.php?i=noticias_texto_paleta&j=20090123132501&l=200705030092_Una_planta_gas%EDfera_._(archivo)."Carrasco (Cochabamba), 23 ene (ABI).- El Gobierno de Evo Morales recuperó este viernes el 100 por ciento...

Danger of a fuel spill after US Airways flight 1549 crash

After US Airways Flight 1549 crashed in the Hudson River today, environmentalists are concerned about the dangers of an oil spill occuring in the river from the fuel that is located on the plane.  Oil spills...

Venezuela to keep sending free fuel to US poor

" "Chavez decided that it was a mistake," said Larry Birns, director of the Washington-based Council on Hemispheric Affairs. He said Citgo officials probably recommended the cost-saving measure to Chavez in the first place, but the impact may not have sunk in until the...

OPEC Cuts Oil Production Amid falling Oil Prices

OPEC has agreed to cut production due to rapidly falling oil prices.  Airlines and other Oil dependent companies rushed to buy call options to lock in the current prices.  A call option means buyers can...

Pakistan petroleum import bill up 88pc

" Pakistan’s import bill of petroleum products reached $2.532 billion during the first two months of the current fiscal year, which is up by over 88 per cent from last year’s figure of $1.344 billion, latest official data from the Federal Bureau of Statistics shows. ...

Corruption Oil deal brings down Peru cabinet

"  The Peruvian government has stepped down over a continuing scandal about the allocation of oil concessions. President Alan Garcia said he was accepting the resignation of the full cabinet offered on...

OPEC to meet as oil prices drop (updated)

" UPDATES: Opec on Thursday called an emergency meeting to discuss reducing its oil production to halt the recent collapse in oil prices. In an unusually frank statement, the cartel said it was concerned about the...

Solar Cell Sets World Efficiency Record At 40.8 Percent

It's an "inverted metamorphic triple-junction solar cell". Advances in solar are going the way of computer processor speed and storage and many other information technologies; increasing power, speed and efficiency, decreasing cost, space, waste.Solar Power to Rule in 20...

Pakistan govt tax on oil is more than subsidy

" The Pakistan government has worked out a subsidy of Rs85 billion after this month’s change in petroleum prices, which is much less than what it is earning by slapping sales tax and petroleum development levy, official sources revealed Thursday. Sources in the petroleum...

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