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Say Goodbye to Utility Stock Dividends

Say Goodbye to Utility Stock Dividends

The U.S. electric utility sector…

News

China's Sinohydro Corp. Soars in Stock Market IPO Debut

China's Sinohydro Corp. Soars in Stock Market IPO Debut

Oct 20, 2011 at 18:49 | Joao Peixe

China’s Sinohydro Corp. is a Chinese state-owned hydropower engineering and construction company and the world's largest hydroelectric company. On 18 October Sinohydro Corp. shares surged as much as 38…

Kenya and Saudi Arabia Deepen Energy Ties

Kenya and Saudi Arabia Deepen Energy Ties

Oct 19, 2011 at 18:11 | Joao Peixe

Saudi Arabia is one of the leading oil exporters to Kenya and seemingly unconcerned about recent oil finds there. Regarding the oil discoveries and their potential impact on Kenyan imports…

Spanish Wind Power Companies Distressed by Subsidy Cuts

Spanish Wind Power Companies Distressed by Subsidy Cuts

Oct 19, 2011 at 18:10 | Charles Kennedy

Spain’s Industry Ministry has upset the country’s burgeoning wind power sector by announcing that it intends to slash subsidies by 40 percent.  Wind power companies accuse the Ministry…

Mozambique, South Korea to Construct Solar Power Stations

Mozambique, South Korea to Construct Solar Power Stations

Oct 19, 2011 at 18:08 | Joao Peixe

The Mozambican and South Korean governments have signed two loan agreements totaling $60 million to underwrite both the establishment of an Emergency Information Management System and the building of three…

German Energy Company Resumes Joint Projects with Gazprom in Libya

German Energy Company Resumes Joint Projects with Gazprom in Libya

Oct 19, 2011 at 18:07 | Charles Kennedy

Germany's Wintershall Holding GMBH has restarted oil production in the Libyan desert in concessions 96 and 97, which it operates together with Russia's state owned natural gas company Gazprom, Wintershall…

Spain's Abengoa Corp. to Construct Bio-Ethanol Plant in Uruguay

Spain's Abengoa Corp. to Construct Bio-Ethanol Plant in Uruguay

Oct 19, 2011 at 18:06 | Charles Kennedy

Spain’s Abengoa Corp. announced that it will construct a bio-ethanol plant in Uruguay’s Paysandu department, for Alcoholes de Uruguay. The $120 million contract includes constructing an adjoining power cogeneration plant.…

Massive Natural Gas Discoveries in Northern Spain

Massive Natural Gas Discoveries in Northern Spain

Oct 18, 2011 at 18:14 | Charles Kennedy

Massive natural gas discoveries in northern Spain are reportedly sufficient to supply the country’s requirements for five years. Spain’s Basque regional premier Patxi Lopez says that surveys in Alava province…

German Investors Consider Renewable Energy in the Philippines

German Investors Consider Renewable Energy in the Philippines

Oct 18, 2011 at 18:13 | Joao Peixe

A Swiss-German investor conglomerate Thomas Lloyd Investments Group has expressed interest to invest in the Philippines’ in partnership with Bronzeoak Philippines in Negros Occidental, a province of the Philippines located…

Vietnam Requests Sri Lanka to Stop Offshore Oil Exploration

Vietnam Requests Sri Lanka to Stop Offshore Oil Exploration

Oct 18, 2011 at 18:12 | Joao Peixe

Vietnam has asked the Sri Lankan government for a block for oil and natural gas exploration activities in the Indian Ocean Mannar basin and expressed confidence that that Sri Lanka might accede…

First Biodiesel Plant Proposed for Schuylkill, Pennsylvania

First Biodiesel Plant Proposed for Schuylkill, Pennsylvania

Oct 18, 2011 at 18:11 | Joao Peixe

NAGSCO Corp., which is working with Liberty Oil, intends to construct its first biodiesel plant in Schuylkill County, to convert food waste oil into biodiesel fuel. The proposed facility is…

Kenyan Solar Power Projects Scarce Despite Potential

Kenyan Solar Power Projects Scarce Despite Potential

Oct 18, 2011 at 18:10 | Charles Kennedy

Kenyan solar power projects are designed to be available to individual consumers in rural areas, but funding remains scarce despite the market’s potential. Importing a finished solar pack capable of…

French Newspaper Contemplates Phase-Out of Nuclear Energy

French Newspaper Contemplates Phase-Out of Nuclear Energy

Oct 17, 2011 at 20:46 | Charles Kennedy

The Paris newspaper Le Monde has speculated on what the impact would be if France followed Germany’s lead and decided to phase out its nuclear power generation industry, which provides…

Belarus Forges Ahead With Nuclear Power Program

Belarus Forges Ahead With Nuclear Power Program

Oct 17, 2011 at 20:45 | Charles Kennedy

Belarus has announced that it is seeking foreign tenders to construct two nuclear power plants within the next decade in a contract worth $9 billion. Belarusian Ambassador-Designate to South Korea…

Pakistan's Power Minister May Lose Job Over Power Crisis

Pakistan's Power Minister May Lose Job Over Power Crisis

Oct 17, 2011 at 20:44 | Joao Peixe

The ongoing energy crisis in Pakistan may lead to the removal of Minister for Water and Power Syed Naveed Qamar over his seeming inability to resolve the situation. Because of…

Indonesia's First Nuclear Power Plant Delayed

Indonesia's First Nuclear Power Plant Delayed

Oct 17, 2011 at 20:43 | Joao Peixe

Indonesia’s National Nuclear Energy Agency (Batan) head Hudi Hastowo told journalists about the country’s nuclear energy efforts, stating, "The use of nuclear (energy) in Indonesia will not be for war…

Uganda to Expedite Parliament’s Consideration of Oil Legislation

Uganda to Expedite Parliament’s Consideration of Oil Legislation

Oct 17, 2011 at 20:42 | Charles Kennedy

Uganda’s Energy Ministry passed a resolution urging it to expedite preparation of the country’s Oil Resource Law and the Revenue Management Law is working with a team of lawyers drafting…

Turkmenistan's Natural Gas Field is the World's Second Largest

Turkmenistan's Natural Gas Field is the World's Second Largest

Oct 15, 2011 at 11:53 | Charles Kennedy

British auditors Gaffney, Cline and Associates have reported that Turkmenistan's South Iolotan natural gas field is the world's second largest, estimated to hold up to 21.2 trillion cubic meters of…

Iran Suspends Chinese Contract for North Pars Natural Gas Field

Iran Suspends Chinese Contract for North Pars Natural Gas Field

Oct 15, 2011 at 11:51 | Joao Peixe

Iran has suspended a development contract for its North Pars natural gas field with China National Petroleum Corporation International Ltd., "until further notice."  China National Petroleum Corporation International…

New Natural Gas Deposit Discovered in Ukraine

New Natural Gas Deposit Discovered in Ukraine

Oct 15, 2011 at 11:43 | Charles Kennedy

Ukraine's Ukrhazvydobuvannya state-owned gas mining company, a subsidiary of the state run Naftohaz oil and gas company, has finished drilling the 3.7 mile deep exploration well Number 202 at the…

PetroVietnam’s Earnings Surge

PetroVietnam’s Earnings Surge

Oct 15, 2011 at 11:42 | Joao Peixe

State owned oil and natural gas company PetroVietnam saw its earnings surge for the period January-May of this year. PetroVietnam’s Deputy General Director Le Minh Hong said that the…

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