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 Post subject: OGDC finds oil, gas with Nashpa well in Pakistan
PostPosted: Sat Sep 05, 2009 9:36 pm 
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September 4,2009 --

Pakistan Oil amp; Gas Development Co. (OGDC) has discovered oil and natural gas with its Nashpa No. 1 exploratory well, drilled in Karak district in Pakistanrsquo;s North-West Frontier Province.

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 Post subject: A Chinese DIY Submarine Made from Oil Barrels
PostPosted: Wed Sep 09, 2009 7:38 pm 
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Two years, $4,385, and some homemade ingenuity can get you this underwater ride

Chinese locals have already demonstrated a knack for knocking together homemade flying contraptions and robots. Now one amateur inventor has created a full-fledged submarine built primarily from discarded oil barrels and tools bought at a second-hand market.


China Daily says that Tao Xiangli made his underwater debut in a lake outside Beijing on September 3, 2009. The inventor outfitted his vehicle with a periscope, depth control tanks and electric motors, after spending two years and roughly $4,385 on the project.



Perhaps it"s a hair less audacious than the farmer who wanted to test-fly his wooden copter. But then again, we don"t see any escape system if the sub happened to go belly-up, figuratively speaking.




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 Post subject: MARKET WATCH: Gas rebounds, crude declines in New York
PostPosted: Mon Sep 21, 2009 5:56 pm 
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September 21,2009 --

Natural gas prices rebounded with a 9.2% gain Sept. 18, wiping out the previous sessionrsquo;s loss and ending the week up 27% while the strengthening dollar caused crude prices to retreat for the second consecutive session on the New York mar.......

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 Post subject: Indonesia awards exploration rights for gas, oil blocks
PostPosted: Mon Sep 21, 2009 5:56 pm 
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September 21,2009 --

Indonesia has awarded five oil and natural gas blocks to several companies, aiming to increase oil and gas reserves and to lift dwindling production.

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 Post subject: White House to Go After Iran"s Oil Income
PostPosted: Tue Sep 29, 2009 11:56 am 
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Obama Administration to Push for Tough New Economic Sanctions if Iran Doesn"t Come Clean on Nuclear Plans

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 Post subject: Over a Barrel: Why Iran Sanctions Won"t Work
PostPosted: Thu Oct 01, 2009 10:53 am 
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CBS Foreign Affairs Analyst Pamela Falk Explains How China"s Need for Oil Will Allow Iran to Avoid Western Wrath




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 Post subject: MARKET WATCH: Gasoline demand pushes crude above 70/bbl
PostPosted: Fri Oct 02, 2009 10:32 am 
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October 1,2009 --

Crude prices shot above 70/bbl Sept. 30 in the New York market after a Department of Energy agency report implied a jump in US gasoline demand.

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 Post subject: Administration attempts to justify tax proposals surprise Ge
PostPosted: Wed Oct 07, 2009 10:30 pm 
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September 15,2009 --

American Petroleum Institute Pres. Jack N. Gerard expressed surprise at an Obama administration officialrsquo;s apparent attempt on Sept. 10 to justify proposals to repeal oil and gas tax incentives by saying that it is looking at other indust.......
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 Post subject: Newfield sees commercial project off China
PostPosted: Fri Oct 09, 2009 4:44 pm 
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September 10,2009

Newfield Exploration Co., Houston, has established more than 30 million bbl of recoverable oil worth a commercial development on 510,000acre Block 1605 eastsoutheast of Hong Kong in the Pearl River Mouth basin off China and sees several year.......
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 Post subject: Deep-Water Wind: World"s First Floating Wind Turbine Launche
PostPosted: Sat Oct 10, 2009 8:19 am 
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Norwegian oil and gas giant StatoilHydro has inaugurated the world"s first floating full-scale offshore wind turbine, paving the way for deep-water wind farms possessing the dual appeal of being out of sight as well as more efficient.

The turbine, known as Hywind, towers 213 feet above the waterline, but the steel spar on which it is mounted plunges another 328 feet below the surface, where it is anchored to the sea floor by three stabilizing cables. The spar is filled with water and rocks to provide ballast that keeps the turbine from capsizing in rough seas. Located about six miles off of Karmoey near the country"s southwestern coastline, Hywind will serve as a test bed for offshore technologies over the next two years as engineers work on getting the cost of Hywind down and figure out how best to develop even larger deep-water turbines.

Hywind, which was covered in Popular Science"s Future of Energy issue, is a fairly standard 2.3-megawatt wind turbine, but implementing it in such deep water (Hywind can be installed in depths ranging from 400 feet to nearly 2,300 feet, far deeper than existing shallow-water wind technologies allowed) cost StatoilHydro $66 million. Bringing the price in line with that of fixed turbines that are installed in 200-foot depths is one of the goals of StatoilHydro"s ongoing research with Hywind.

If successful, Hywind could revolutionize offshore wind power, especially in countries like Japan, South Korea, the U.S. and Spain, where coastline is plentiful and wind is abundant. The U.S. Department of the Interior estimates the U.S. alone could generate 900 gigawatts off its Pacific coast, but many offshore wind farms face objections from wildlife groups concerned with the effects on avian life along the shores as well as coastline dwellers concerned with their being an eyesore. Hywind could circumvent both problems for the most part, while also proving that it"s possible to place turbines in offshore areas where winds are generally stronger and more consistent. StatoilHydro said the turbine should be producing electricity in the next few weeks.

[PhysOrg]



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