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 Dave Ellery
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Oil engineers continue to seek further exploration as -- The head of Opec raised the stakes in the battle over high oil prices yesterday when he dismissed a call from the US energy secretary for the producers' group to pump more crude into the market.
Abdalla Salem El-Badri, secretary general of the Organistation of Petroleum Exporting Countries, rejected claims that a worldwide crude shortage was behind the rise in price to nearly $100 dollars a barrel, and added that the US itself could do more to ease its problems.
Samuel Bodman, the US energy secretary, had stepped up the pressure on Opec on Tuesday evening, saying that the group's meeting in Riyadh this week should decide to raise production to help reduce the high oil prices that are threatening to stall economic growth. Whilst China is taking further steps to alleviate the impact of higher fuel costs
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Friday 16 November, 2007 06:09 AM |
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Clipped to the Drawing Board by jackson Browne
Shares in Fortescue Metals Group have rocketed higher after engineers in the company said it had made a massive new iron ore discovery in the Pilbara region in Western Australia.
The stock was up 20.3 per cent or $10.47 to $62 at 2.15pm, after marking an intraday high of $64.99.
Shares surged after the company announced a massive new iron ore discovery in the Pilbara region in Western Australia.
The explorer found iron ore totalling more than one billion tonnes in the Serenity area, which makes up the western one-third of its Solomon Project area.
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Friday 16 November, 2007 02:04 AM |
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Clipped to the Drawing Board by Peter Wu
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Complexities abound in the natural gas markets with many twists and turns - As competition between Europe, the US and Asia for natural gas supplies heats up, gas producers and engineers without the ability to export gas via pipelines are taking advantage of the demand and shipping liquid natural gas (LNG) to gas hungry markets.
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Thursday 15 November, 2007 10:07 PM |
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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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