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News

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Western Energy Firms Increase their Investment in Kenya

Oct 13, 2011 at 18:10 | Charles Kennedy

Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African country’s energy potential increases. Underpinning the Western interest is the…

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China’s Petrochemical Corp. Invests in Canada

Oct 13, 2011 at 18:09 | Joao Peixe

China’s Petrochemical Corp., also known as the Sinopec Group, has agreed to buy Canadian oil and gas explorer Daylight Energy Ltd. for $2.1 billion. The Sinopec purchase is only…

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Belarusian-Venezuelan Company Will Increase Oil Production in 2012

Oct 13, 2011 at 18:08 | Charles Kennedy

Joint venture Belarusian-Venezuelan Petrolera BeloVenezolana company is stating that it will increase oil production in 2012. Petrolera BeloVenezolana was established in 2007. Belarusian state oil company Belarusnafta, which holds a…

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Kenya Seeks Norwegian Energy Assistance

Oct 12, 2011 at 18:45 | Joao Peixe

Kenyan Prime Minister Raila Odinga, visiting the Norwegian capital Oslo for a two day visit, is attending a conference organized by the Norwegian government and seeking partners for funding energy…

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Nigerian Govt. Criticized Over Decision to End Fuel Subsidies

Oct 12, 2011 at 18:43 | Joao Peixe

Nigeria’s Institute of Public Relations criticized the government’s decision to end fuel subsidies for the populace, noting that many Nigerians live below poverty level and that the removal of the…

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Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project

Oct 12, 2011 at 18:42 | Charles Kennedy

Israel Electric Corp. has signed contracts to build a $1.3 billion 240 megawatt solar energy project in China. The facility, to be situated in northern China, will consist of three…

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Japanese Government Planning to Build Hydrocarbon Reserves

Oct 11, 2011 at 19:04 | Joao Peixe

According to a Japanese government source, speaking on condition of anonymity, Tokyo intends to increase its bases for stockpiling crude oil and petroleum products to bolster its preparations for major…

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Ethiopia Seeking to be East African Region's Power Hub

Oct 11, 2011 at 19:03 | Charles Kennedy

Ethiopia is deepening its power links with neighboring Djibouti. Ethiopia and Djibouti have opened a 230-kilovolt electric power transmission line, which will allow Djibouti to import 35 megawatts of electricity…

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Iraqi Oil Specialists Criticize New National Oil Law as Unconstitutional

Oct 11, 2011 at 19:01 | Charles Kennedy

A number of Iraqi oil specialists have criticized the government’s proposed new national oil law as “unconstitutional,” castigating attempts by the federal government to be the sole distributor of the…

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Uzbek Natural Gas Project to Receive Equipment from Malaysian Companies

Oct 11, 2011 at 19:00 | Joao Peixe

Malaysia’s KNM Group BHD and Russia’s Lukoil Uzbekistan Operating Company have signed $71.63 million contracts with the Uzbek government for equipment supply. The majority of Uzbekistan’s prospected oil fields are…

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