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China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Sun Cal Energy Focus Mining Drilling at Southern San Joaquin Valley of California
Sun Cal Energy Inc., an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming is pleased to announce that drilling has commenced on the Sibley 84 #1 well, the first of several wells to be [...]
LNG projects need close government scrutiny
Utilisation of Papua New Guinea’s massive gas resources has entered a critical phase following the cancellation early this year of the project to pipe natural gas to Australia.
As indicated in previous columns much attention needs to be given by the government to rational and early development of an liquefied natural gas project as the only [...]
Petro-Power and the Nuclear Renaissance
With global demand for energy constantly rising and supplies contracting (or at least failing to keep pace), the world is being ever more sharply divided into two classes of nations: the energy haves and have-nots, says Michael Klare.
Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate [...]
Chinese firm to fund coal-to-liquids study in Cook Inlet
Chinese Petroleum Corp. of Taiwan has signed an agreement with the state of Alaska and an Alaskan firm to fund a $1.5 million preliminary feasibility study for an 80,000-barrel-per-day coal-to-liquids fuels plant near the Beluga coal fields on the west side of Cook Inlet, in Southcentral Alaska.
Mike Barry, chairman of the Alaska Industrial Development and [...]
Oil buyers try to kick Mideast dependence
SINGAPORE China Petroleum & Chemical, the nation’s biggest refiner, and Nippon Oil of Japan are importing more oil from Africa and Russia in an effort to try to reduce their dependence on Mideast crude.
“Winston Churchill said energy security lies in diversity, and that very much applies today,” said Anthony Nunan, an oil trader in Tokyo [...]
Australia pleads for mining favour in Russia
Trade ministers are like the Fuller brush salesman. The job requires long days and hard traveling, sleep-short nights in dreary hotels, selling a premium brand-name for a cheap product that customers usually think they need no more of. And when the salesman returns to headquarters, the boss hardly notices him.
