News About Energy Technology
January 26, 2012
Libya boosts oil output but dangers lurk
Tripoli, Libya (UPI) Jan 25, 2012
Two major oil companies in Libya say they expect to restore their pre-war production levels by the end of the month, just in time to help pick up the slack for energy-hungry Europe if Persian Gulf crude supplies are cut off in the confrontation between Iran and the West. Other firms make equally optimistic forecasts as damage to the oil industry is repaired. But the security situation in the North African state five months after the overthrow and death of longtime dictator Moammar Gadhaf ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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South Sudan and Kenya sign oil pipeline deal
South Sudan signed an agreement with Kenya to build an oil pipeline to a Kenyan port, potentially freeing it from reliance on its northern neighbour Sudan, officials said Wednesday. ... more
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ConocoPhillips to pay 1 bln yuan for oil spill: govt
China's agriculture ministry said Wednesday ConocoPhillips had agreed to pay one billion yuan ($158 million) in compensation for damages caused by a huge oil spill in the nation's northeast. ... more
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Hormuz closure would send oil prices soaring: IMF
Any blockade of the strategic Strait of Hormuz by Iran would send oil prices soaring by more than $30 a barrel, the IMF said in a report released Wednesday. ... more
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Republican pipeline bill raise legal questions: US official
A senior US official said a Republican bill to deny US President Barack Obama the right to decide on the construction of an oil pipeline from Canada raises "serious" legal questions. ... more
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Obama vows no backing down on clean energy
President Barack Obama on Tuesday pledged that he would not back down on efforts to boost clean energy, warning that the United States risked being left behind by China and Germany. ... more
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Caspian exemption from sanctions sought
British officials and energy multinational BP say they have lobbied the U.S. government to exempt a major Caspian Sea gas field from new sanctions imposed on Iran. ... more
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EU oil ban on Iran raises gulf war danger
The European Union's decision to impose an embargo on Iran's oil exports is seen by Tehran as a virtual declaration of war, increasing the prospects of conflict in the strategic Persian Gulf. ... more
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Aquatic power generator takes to the sea
An aquatic system likened to a bicycle pump is set to take to the seas and turn wave power into clean electricity, a British company says. ... more
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Ukraine: Gazprom not asking for assets
Ukraine says Russian gas utility Gazprom isn't asking it to barter away state assets as part of negotiations to reduce the price it pays for imports. ... more
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Iran says EU oil embargo will fail
Iran on Monday branded as "unfair" a decision by the European Union to impose an embargo on Iranian oil exports as its lawmakers vowed the ban would neither alter Tehran's nuclear policies nor affect its economy. ... more
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Polish Lotos to search for shale gas in Lithuania
The Polish oil company Lotos said Monday it would start prospecting for shale gas in neighbouring Lithuania, which wants to break the current monopoly held by Russian giant Gazprom. ... more
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China calls for restraint in Sudan oil dispute
China on Saturday urged the governments of Sudan and South Sudan to exercise restraint and "protect the rights of Chinese enterprises" in their territory as the south halted its oil production. ... more
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Study: LNG exports will increase prices
An increase in exports of domestic liquefied natural gas could raise gas prices in the United States by as much as 54 percent by 2018, a new government report says. ... more
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Few export options for gulf oil states
As Persian Gulf tensions mount over Iranian threats to close the strategic Strait of Hormuz, the region's energy producers are scrambling to find alternative export routes but the outlook is grim. ... more
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Iran paid through Turkey for oil sales to India
Iran is being paid for oil sales to India through a Turkish bank, the managing director of the National Iranian Oil Company said Friday on Mehr news agency. ... more
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Taiwanese Clinic Realizes Savings with GlacialLights' LED and Panel Lights
GlacialLight, a division of experienced technology manufacturer GlacialTech Inc., is pleased to announce that its environmentally-friendly LED lighting products are being used in many applications a ... more
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The great gas hydrate escape
For some time, researchers have explored flammable ice for low-carbon or alternative fuel or as a place to store carbon dioxide. Now, a computer analysis of the ice and gas compound, known as a gas ... more
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Iran will not close oil supply route: US analysts
Iran has no desire to carry out its threat of closing the Strait of Hormuz to head off fresh Western economic sanctions because doing so would damage the regime's own interests, US-based experts say. ... more
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Obama rejects high-stakes Canada pipeline
US President Barack Obama on Wednesday rejected the proposed Keystone XL pipeline from Canada, saying he could not vouch for its safety by a deadline despite intense election-year pressure. ... more
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2 Million Jobs On Offer If Americans Thinks Big on Energy Efficiency
America is thinking too small when it comes to energy efficiency, while also making the mistake of "crowding out" economically beneficial investments in energy efficiency by focusing on riskier and ... more
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Global Smart Grid Market to Invest $2 Trillion by 2030, peaking at $155bn in 2018
A new report from Memoori Research on the global Smart Grid business, forecasts total expenditure to 2030 and highlights investment and financial activity in the market. By 2018 the world pure ... more
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US navy rescues Iranian fishermen from sinking boat
The US Navy announced Wednesday it led a rescue operation to assist the crew of an Iranian fishing vessel in distress in the Gulf of Oman, the third in 10 days in an area marked by tension between Washington and Tehran. ... more
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US prepared for Hormuz Strait action: US defense chief
The United States is "fully prepared" for any confrontation with Iran over the strategic Strait of Hormuz, but hopes a dispute would be resolved peacefully, Defense Secretary Leon Panetta said Wednesday. ... more
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Bulgarian parliament bans shale gas exploration
Bulgarian lawmakers slapped on Wednesday a ban on shale gas exploration and production, bowing to strong public pressure over environmental concerns. ... more
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