News Archive - September 2008

Solar solution close

Groundbreaking, cheap solar energy storage systems could be available to the public within three years.

Galmoy Mines to close by 2011

Kilkenny's Galmoy mines is set to close by 2011, meaning 221 redundancies.

Renewable power promising

Renewable energy accounted for more than 10 percent of the domestically-produced energy used in the US in the first half of 2008, according to a report.

French nuclear operator Areva and US energy company Duke Energy Corp have today, September 25, announced the creation of a joint venture dedicated to the development of green biopower energy solutions for US customers.

Oil up again

Oil briefly rose above US$108 a barrel today, boosted by expectations of a sharp fall in US fuel stocks due partly to disruptions from Hurricane Ike.

Drilling proposal for Outer Continental Shelf

A proposal that opens up new areas of the Outer Continental Shelf to oil drilling as part a stopgap government funding measure is being worked on by congressional democrats.

US Energy Corp in stock buyback program

US Energy Corp have announced that its board of directors has approved an expanded stock buyback program.

Ormonde Mining posts €379,000 H1 loss

Irish-based Ormonde Mining plc announced today, September 22, that operating losses in the first six months to June amounted to €379,000, due to corporate costs.

Oil rise for third day running

Crude oil went up for a third day as turmoil in US financial markets enhanced the appeal of commodities as a safe haven.

Bush in emergency gasoline decision

The Bush administration was contemplating asking the International Energy Agency to release emergency gasoline and diesel fuel to the US after hurricanes pushed gasoline stocks to their lowest level on record.

Iberdrola acquires Energy East

Iberdrola has completed a friendly acquisition of Energy East, consolidating its ranking as 4th largest electricity company worldwide by market capitalisation.

Oil price drop amid crisis

Energy prices have continued to drop amid forecasts the crisis responsible for toppling Lehman Brothers will hold back demand for crude oil.

Energy study aims to reduce oil dependence

The American Physical Society (APS), representing 46,000 physicists in academia, industry and national laboratories, including nearly 60 Nobel Laureates, will release a major new energy study tomorrow (September 16).

Energy shares buoy stocks

US stocks have risen with investors snapping up energy shares trading at their cheapest level in 18 months.

Surprise revision sees oil prices climb back over US$100

OPEC, the 13-nation cartel of oil producing nations, has today, September 10th, announced plans to cut daily supplies by 520,000 barrels.

Oil demand down; consumers adapt

The IEA has cut its estimate for global oil demand this year and next, saying US consumers are making lifestyle changes in response to high prices.

Climate change interest for DOE

The US Department of Energy’s (DOE) Office of Science will make available more than 10 million hours of computing time for the US Commerce Department’s National Oceanic and Atmospheric Administration (NOAA) to explore advanced climate change models.

ConocoPhillips in joint venture

Origin Energy Ltd, Australia's second-largest power retailer, have announced a 9.6 billion Australian dollar (US$7.9 billion) coal seam liquefied natural gas joint venture with US energy giant ConocoPhillips.

DOE announce mission support contractor

The US Department of Energy have announced the Mission Support Alliance, LLC has been selected as the mission support contractor for DOE’s Hanford Site in southeastern Washington State.

River Consulting: On the job, start to finish

Delivering worldwide industrial management, consulting and engineering services

Oil price rise before US energy snapshot

Oil prices have risen slightly as markets awaited the latest weekly picture of US energy inventories.

DOE's US$7m for clean energy

The US Department of Energy have announced the availability of up to US$7 million for technology commercialization acceleration.

No requests yet for emergency oil, says US Government

No refiners have yet asked the Government for crude oil from the nation's emergency petroleum stockpile to help replace supplies disrupted by Hurricane Gustav, the US Energy Department says.