Turkey: Oil to flow in Baku-Ceyhan pipeline by mid 2005
The end is in sight for the Baku-Tbilisi- Ceyhan (BTC) Crude Oil Pipeline Project designed to transfer Caucasian oils to the global market.
Energy Infrastructure
Russian Oil Tanker Jams Suez Canal
The oil tanker Tropical Brilliance owned by the Russian partly state-owned Sovcomflot company and sailing under a Liberian flag has caused a traffic jam at the Suez Canal, after experiencing steering gear failure and grounding itself across the canal.
New Pipeline to Pump Caspian Oil to Europe
Six European countries, including Austria, Italy and Romania, approved a plan for a pipeline to ship oil from the Caspian Sea region to western Europe, officials said Friday.
Iraq Oil Pipelines Hit by Biggest Attacks Yet
Saboteurs have mounted the biggest attacks yet on Iraq’s oil infrastructure, blowing up three pipelines in the north and hitting exports via Turkey, oil officials said Tuesday.
No end in sight for the lag in Iraqi oil production
Defying optimistic Bush administration projections, Iraq’s hobbled oil industry might be unable to beat the production capacity of Saddam Hussein’s era until sometime next year — if then, according to industry analysts.
US Oil Supply: So Muddy And Deep
Some traders are handicapping the possibility of the U.S. tapping the Strategic Oil Supply. With one week to go before the election, and with long-term problems now being fully catalogued, the scenario becomes possible. The United State’s supply of oil is in tatters due to underwater mudslides caused by Hurricane Ivan.
LNG boom needs terminal sites
In a rush to take advantage of high gas prices and low importing costs for liquefied natural gas, U.S. energy companies have been working to open LNG facilities on the nation’s East, West and Gulf coasts.
Oil tanker shortages drive costs higher
With global oil demand surging and prices hitting record levels, the world’s 1,500 oil tankers are all booked up, and charter rates are soaring. The shortage of tankers is one sign of how strong demand and a lack of investment have left the oil industry’s infrastructure stretched thin.
China to invest $12 billion in Russia
China is planning to invest $12 billion in Russia by 2020, the official China Daily newspaper said Saturday.
PUTIN’S VISIT TO CHINA: Question marks remain over oil supply
Two days of talks are capped by signing of border pact and other deals but there is no announcement about oil pipeline.
Oil dominates Russia-China talks
Russian President Vladimir Putin is holding talks in Beijing on contentious plans for an oil pipeline.
Hydrogen economy looks out of reach
Converting every vehicle in the United States to hydrogen power would demand so much electricity that the country would need enough wind turbines to cover half of California or 1,000 extra nuclear power stations.