Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Mining, Oil & GasMining, Oil & Gas Where would we be without the benefits that mining, oil and gas have provided us. This is an important sector, providing energy to keep our society going.
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Clipped to the Drawing Board by Ryan
A rather large amount of the energy we create today comes from 3 sources, Oil, gas and coal. The only problem is that each of these is finite in it's amount and many estimates suggest we are nearing that amount. Meanwhile the population is increasing and energy requirements are going up.
This article covers in detail how our energy is currently produced, how those sources are going to hold up over time and how they will be redistributed and also the impact it's going to have on our population as a whole. It's a long read but very concise and interesting.
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Monday 12 November, 2007 02:08 PM |
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Clipped to the Drawing Board by John William
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Environmental engineers and polar bears will watch closely as this develops --
Alaska's congressional delegation came out swinging against the latest version of a proposal to ban drilling in the Arctic National Wildlife Refuge , although the bill has little chance of passage.
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Sunday 11 November, 2007 06:07 AM |
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Clipped to the Drawing Board by Bob Smith
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Mining and engineering stories don't get any bigger than this -- BHP Billiton has come under immediate pressure either to increase the $US140 billion ($A151 billion) value of its scrip-only takeover bid for its arch competitor, Rio Tinto, or abandon its ambition to become the global king of the superbly lucrative iron ore export business. CHINA'S steel industry was less than thrilled to wake up yesterday and find it might soon be wrestling with two giant iron ore suppliers rather than three in the tightest iron ore market the modern world has seen. MINING giant BHP Billiton is believed to be ready to offer mining assets to key customer China to try to win Beijing's blessing for a proposed $US140 billion ($151 billion) takeover of key Australian rival, Rio Tinto. BHP Billiton’s daydream deal is not quite a monopoly, in terms of its control of the Pacific Basin iron ore market, but it is as near as makes no difference. But as BHP Billiton fired the first salvo in its battle for Rio Tinto this week, the shockwaves began reverberating around the world.
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Saturday 10 November, 2007 06:08 PM |
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Clipped to the Drawing Board by David Singh
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Atlantis by name and Atlantis by nature - let the good times (barrel) roll - or so they hope OIL has finally started to flow from BHP Billiton's giant Atlantis oilfield in the deepwater Gulf of Mexico - one of the company's most important sources of future earnings and production growth - after a string of delays and cost increases.
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Saturday 10 November, 2007 05:06 AM |
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Clipped to the Drawing Board by Tony Elmasri
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Geologists and engineers are in planning phase as the Brazilian government says huge new oil reserves discovered off its coast could turn the country into one of the biggest oil producers in the world.
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Saturday 10 November, 2007 04:06 AM |
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Clipped to the Drawing Board by jackson Browne
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Sparking engineers to re asses exploration projects -- After retreats from 28 year peaks
Gold has surged to $846 an ounce on fears of a dollar collapse and signs of spreading credit crisis in the United States, coming within a whisker of the all-time high seen at the end of the 1970s inflation era.
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Friday 9 November, 2007 12:08 AM |
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Clipped to the Drawing Board by Pat Sheen
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Oil has rocketed to an all-time high of $97 a barrel in New York on fears of terrorist attacks on pipelines in the Middle East and falling crude inventories in the United States.
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Thursday 8 November, 2007 10:04 AM |
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Clipped to the Drawing Board by Yan Chu
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Nanotechnology could revolutionize the natural gas industry across the whole engineering lifecycle from extraction to pollution reduction or be an enormous missed opportunity, claim two industry experts writing in Inderscience's International Journal of Nanotechnology.
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Wednesday 7 November, 2007 06:08 AM |
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Clipped to the Drawing Board by Dillon Smatcher
2/11/2007 - Science and engineering broadcaster and NSW Senate candidate Karl Kruszelnicki has likened talk of clean coal to Nazi propaganda, describing it as a "complete furphy".
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Tuesday 6 November, 2007 04:06 PM |
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Clipped to the Drawing Board by Sean
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"Fly me to the moon" is a song which best describes the price of oil - Maybe ?? As the price of crude hits new highs , Sylvia Pfeifer looks behind the scenes to discover where the market will end up once the speculative froth has washed away
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Monday 5 November, 2007 02:12 PM |
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Clipped to the Drawing Board by Dave Ellery
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German engineering and manufacturing company MAN Ferrostaal has launched South Africa's first fabrication yard for oil and gas platforms at Saldanha Bay, enabling the country to take advantage of booming energy operations along Africa's west coast.
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Saturday 3 November, 2007 02:06 PM |
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Clipped to the Drawing Board by jackson Browne
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Out there in the wild wild west , the mining engineers are having a lot of fun - a bit more than nickel and dime action -- XSTRATA has made a third attempt to enter the West Australian nickel sector: yesterday it lodged a friendly $3.1 billion cash offer for Jubilee Mines
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Saturday 3 November, 2007 12:02 AM |
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Clipped to the Drawing Board by Yan Chu
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Gas to liquid technology is an exciting process and engineering expertise - this could open some doors --
South African fuels company Sasol will reach full capacity at its Qatar super-clean fuels plant in 2008 after over a year of delays due to technical problems, a company executive said on Tuesday.
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Friday 2 November, 2007 08:09 AM |
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Clipped to the Drawing Board by Dillon Smatcher
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A changing world, and maybe a way to engineer change ---- BHP Billiton has broken with its iron ore rivals Rio Tinto and Brazil's CVRD, calling for the commodity to be traded in a more transparent market like that seen for thermal coal rather than in the "outdated" benchmark pricing system.
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Friday 2 November, 2007 02:14 AM |
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Clipped to the Drawing Board by Adam Crighton
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An interesting turn of events - what goes up - must come down - except where oil is concerned and the exploration engineers are squeezed even further to find more as ---- Oil Prices Rise to Record Above $96 a Barrel After Surprise Drop in US Supplies as there is a recommendation for a Memo Mr President: get tough on the black-gold cowboys. Because the Oil market is out of our control, says Opec and countries such as China raises fuel prices amid shortages
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Thursday 1 November, 2007 04:02 PM |
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Clipped to the Drawing Board by Bob Smith
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Oil and gas engineers are feverishly working on new ways to extract the potential liquid gold which lies under -- For centuries the Northwest passage linking the Atlantic and the Pacific was little more than a myth that tempted only the most daring polar explorers.
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Wednesday 31 October, 2007 08:09 PM |
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Clipped to the Drawing Board by Adam Crighton
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The rising price oil makes this engineering technology much more competitive on the world stage-- Some 5%, or 7 500 bbl/d, within a larger approximately 30 000-bl/d, or 20%, brownfield expansion planned for Sasol's Secunda complex, in Mpumalanga, is likely to arise from the deployment of a world-first technology able to convert coal fines into high-value liquid fuels.
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Monday 29 October, 2007 08:03 PM |
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Clipped to the Drawing Board by Bob Smith
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I guess that as we live in a free market economy, these sorts of fluctuations will occur - however, oil only seems to go one way ----- get those engineers out there exploring for more black gold
DUBAI: The Saudi finance minister , Ibrahim al-Assaf, said Sunday that the increase in the price of oil, which topped $90 a barrel last week, was the result of speculation and geopolitics - not a market imbalance - but that oil-exporting countries were ready to meet any emergency needs.
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Sunday 28 October, 2007 09:00 PM |
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Clipped to the Drawing Board by Peter Wu
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Lightweight and easy to work with - engineers love aluminium and so do lots of others THE aluminium industry is set for a scramble for market share after Rio Tinto employees yesterday celebrated the completion of its $US38 billion purchase of Alcan in Brisbane and Montreal.
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Saturday 27 October, 2007 09:01 AM |
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Clipped to the Drawing Board by John William
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Just got to keep those machines churning over and the Mining Engineers have a grin from ear to ear BHP Billiton , the world's biggest miner , said on Tuesday it was churning out as much copper, iron ore, coal and other mineral commodities as it could to keep up with global demand.
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Wednesday 24 October, 2007 09:02 AM |
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Clipped to the Drawing Board by Administrator
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You have to love politics. The answer has immense repercussions for the energy industry. If it is a lake, there are no obligations by countries that flank it to grant permits to foreign vessels or drilling companies. But if it is sea, there are international treaties obliging those countries to an array of permits.
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Friday 19 October, 2007 10:48 PM |
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