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Breaking News:

Russia, Iran, Turkey Form $7B Oil Deal

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Brazil to Become the World's Largest Market for Oil Exploration Technology

Jun 23, 2011 at 19:40 | Joao Peixe

Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli has confidently predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration…

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U.S. Company to Begin Drilling in Cyprus Offshore Waters by Year End

Jun 23, 2011 at 19:18 | Charles Kennedy

U.S. company Noble Energy is to begin exploring Cyprus' offshore Mediterranean Exclusive Economic Zone (EEZ) by the end of this year. Addressing reporters after a meeting with President of the…

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Russia, Norway to Begin Licensing Barents Sea Gray Zone in 2013

Jun 23, 2011 at 19:11 | Charles Kennedy

Russia’s Natural Resources Ministry reported that Russia and Norway will start issuing licenses to oil and gas fields in the so-called former Barents Sea “gray zone” in 2013-2014.The area…

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Russia Still Committed to Nuclear Power

Jun 22, 2011 at 21:34 | Charles Kennedy

Russian Prime Minister Vladimir Putin is paying a working visit to France, where scheduled talks in Paris include discussions with Prime Minister Francois Fillon. Putin met members of the Franco-Russian…

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EPA Ups 2012 Biofuel Mandate to 15.2 Billion Gallons

Jun 22, 2011 at 21:32 | Charles Kennedy

On Wednesday the Environmental Protection Agency proposed mandating the blending of 15.2 billion gallons of renewable fuel into the U.S. fuel supply, upping the proposed mandate for advanced biofuels by…

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Sudan’s President Threatens to Shut Pipelines

Jun 22, 2011 at 20:03 | Charles Kennedy

Sudanese president Omer Hassan al-Bashir has threatened to shut down the pipelines from the landlocked Southern Sudan to Port Sudan on the Red Sea unless a revenue sharing deal is…

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A Chinese Specialist on Russia-China Energy Cooperation

Jun 22, 2011 at 19:42 | Joao Peixe

Over the past few years Russia-China energy cooperation has expanded greatly.East China Pedagogical University Russia Studies Center director Feng Shaolei enthusiastically noted, "Cooperation on pipelines with Russia Is a…

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Australian Mining Software Company Expanding Into Kazakhstan

Jun 22, 2011 at 19:13 | Joao Peixe

Australia’s Gemcom Software International Inc., which provides mining software, is opening an office in Kazakhstan’s Almaty. Gemcom AustralAsia senior vice president Andrew Pyne said, "Gemcom has long been involved in…

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Nigerian Government Grapples With Endemic Energy Shortages

Jun 21, 2011 at 22:07 | Charles Kennedy

Nigeria’s ongoing energy shortages have attracted promises from the federal government to address the issue. Nigerian President Goodluck Jonathan directly addressed the issue during the 27th convocation ceremony of the…

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Russia Tests Aerial Spent Nuclear Fuel Transport Containers

Jun 21, 2011 at 19:38 | Charles Kennedy

The Russian Federal Nuclear Center in Sarov has completed successful tests of the world's first aerial transport container for spent nuclear fuel from research reactors. The Russian Federal Nuclear Center…

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