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Petroleum News

Wood Mackenzie: Global peak oil demand expected in 2036

London - As petroleum companies continue to flood the global market, a new study by oil industry consultancy Wood Mackenzie predicts that the demand for oil will start to decline as early as 2036, when autonomous cars become more popular.

Almost no recycled plastic bottles get recycled into new bottles

We have all seen the label on our plastic bottles of sodas, water or juice, proudly informing us the bottle is recyclable. We are led to believe we are using a recycled product. But this is not true.

Total chief executive De Margerie killed in Moscow plane crash

Moscow - The CEO of French oil giant Total, Christophe de Margerie, died in a plane crash at a Moscow airport late Monday when the private jet he was using struck a snowplough on takeoff.

CEO of oil giant Total killed in Moscow plane crash

Moscow - The CEO of French oil company Total, Christophe de Margerie died in a plane crash at a Moscow airport after his private jet struck a snow plough on takeoff.Total confirmed the death of the 63-year-old early on Tuesday.

Op-Ed: Is fracking dangerous to human health? Special

Four states — Pennsylvania, Ohio, West Virginia, and Texas — have confirmed that hydraulic fracturing, also called "fracking," has caused water pollution near oil and gas wells.

Algae converted to crude oil in less than one hour

Scientists have replicated the process whereby fossil fuels were created. Instead of this taking several millennia the process has been completed in under sixty minutes.

Unusual bacteria to be used for extracting fuel

Highly resistant bacteria called Halomonas are to be used for hydrocarbon extraction. The selection of these organisms is based on their unusual properties.

Documentary director speaks out on benefits of 'fracking'

In an interview with the Daily Caller, 'FrackNation' director Ann McEllhinney explains more on why she made the film and on why she does not believe that fracking poses an environmental danger to anyone.

One solution for combating pollution and oil shortage

Wouldn't it be nice to combat the carbon dioxide emissions in the atmosphere and the shortage of oil at the same time? Apparently now it is possible with this interesting approach.

International Energy Agency calls for an end to oil subsidies

London - The International Energy Agency (IEA) has released its World Energy Outlook 2010, forecasting energy use, production, investment and trading into 2035. The Agency has zeroed in on greenhouse gas emissions.

Op-Ed: Satire - In Defence Of BP or Can’t We All Just get Along

Since the Senate grilling of poor ol' BP honcho Tony Hayward was so one-sided, here's how it might look from BP's angle.

Manufacturing Sales Experience Sharp Decline

Manufacturing sales declined 8.0% to $44.2 billion in December, reflecting almost equal decreases in both volume and price: the largest monthly percentage decline since the start of the current series in January 1992.

Cuba's Oil Estimates Double, on Par with US Reserves

Cubapetroleo, the state-run oil company has revealed that the country may have more than 20 billion barrels of oil in offshore fields.

Will Saki Be the World’s Next Petrol? Oil Magnates May Well Start Drinking

How is Japan dealing with the rising costs of petrol? What is the world's second largest consumer of gas doing to better the environment? Read on for some thoughts on a topic that may cause some world chagrin.

Occidental CEO got biggest single-year payouts in U.S. corporate history.

Occidental Petroleum Corp.'s chairman and chief executive took more than $400 million in compensation last year.
 

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Saudi Aramco oil pipe lines Jubail
Saudi Aramco oil pipe lines,Jubail
Suresh Babunair
The history of Petroleum is well covered in this comprehensive work by Penn State history professor ...
The history of Petroleum is well covered in this comprehensive work by Penn State history professor Brian C. Black.

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