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China continues energy shopping spree with joint purchase of Kazakh oil producer
The rivalry between Russia and the West for Central Asia's energy resources has generated headlines.
Topix.net

Solving The Chalk Mystery To Generate Billions In Additional Income For Oil Industry
A piece of chalk in a laboratory in Norway may be the key to unlock a great mystery. If the mystery is solved, it will generate billions in additional income for the oil industry. Geologists, petroleum engineers, rock mechanics, physicists, mathematicians and chemists are now switching between modeling and experimental testing at the chalk laboratory. They are about to uncover the mechanisms behind water weakening. The answer to this riddle is crucial knowledge for oil companies to be able to predict the reservoirs' behavior.
Science daily

Ensco International`s 1Q earnings drop 19%
Oil rig operator Ensco International Inc. said net income in the first quarter dropped 19 percent as customers backed off drilling new wells.
Topix.net

Adco to boost crude production
Abu Dhabi Company for Onshore Oil Operations (Adco) has announced plans to boost its crude production capacity, and is set to award contracts worth around $2bn this year, seeking advantage of lower costs of energy projects worldwide, Gulf News has reported. Adco has inked a $818m engineering, procurement and construction deal with South Korea's SK Engineering & Construction for its Bab gas compression project to be implemented within 36 months. [AMEInfo.com]
AME

Energy giant Schlumberger has hope for Iraq
Schlumberger’s expectations for work in Iraq contrast with a continuing slump in North American oil field operations.
Houston Chronicle

Handmade Steel Furniture Made from Old Cars
I came across The Weld House today, and love the concept - new furniture made from reclaimed sheet metal. Joel Hester’s studio makes furniture from 20+ year-old cars, and the products are beautiful.Before:After:Cool. He’s located in Texas, and for handmade piece of art, the prices are actually quite resonable. Check out the website for more information.
Green Options

Number of active oil rigs falls by 20
The number of rigs actively exploring for oil and natural gas in the United States fell by 20 this week to 955, down nearly half from a year ago.
Topix.net

Greening Print Marketing: Does Saving Money Conflict With Environmental Stewardship?
In these tough economic times, everyone wants to save money. But what happens when money-saving options conflict with environmental stewardship?One area of concern is paper.  As fuel costs have come down, publishers looking to save money on distribution are looking at heavier paper. Although the paper itself costs more than lightweight grades, the heavier stock allows them to take advantage of lower freight rates, which have come down significantly since last summer’s peak oil prices.The Dead Tree Edition, for example, recently encouraged periodical publishers to consider this option in an article “Heavier Paper Can Save Money.”But at what environmental cost? Heavier paper may cost less to ship, but it takes more fuel. You’ve got the same number of pages, carrying the same amount of information, but at a higher level of fuel consumption. Heavier paper also takes more energy to transport and ship before printing. of this story »
Green Options

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