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News

Dollars Reserve Currency Status at Risk Following Russia-China Deal

Dollars Reserve Currency Status at Risk Following Russia-China Deal

Jun 26, 2011 at 20:11 | Joao Peixe

Russian Central Bank Deputy Chairman Viktor Melnikov has served notice on Washington that the world’s second largest energy exporter and world’s second largest economy are about to switch using the…

Fukushima Politics Impacts Bulgarian-Russian Nuclear Deal

Fukushima Politics Impacts Bulgarian-Russian Nuclear Deal

Jun 26, 2011 at 13:33 | Charles Kennedy

Since the March nuclear tragedy in Japan, many countries have been reassessing their commitments to nuclear energy, a prospect that fills U.S. and Russian companies with concerns, as they are…

Chevron to Begin Deepwater Drilling off Liberia

Chevron to Begin Deepwater Drilling off Liberia

Jun 26, 2011 at 13:29 | Charles Kennedy

U.S.-based Chevron, which three months ago announced plans to explore for petroleum in Liberia’s offshore waters, is starting deep-water drilling in Liberia’s Exclusive Economic Zone situated in the oil-rich Gulf…

Public Support for Nuclear Energy Outlined in New Poll

Public Support for Nuclear Energy Outlined in New Poll

Jun 25, 2011 at 08:53 | Joao Peixe

Ipsos MORI, one of the United Kingdom’s largest and best known research companies, has released a new public opinion survey of citizens in 24 countries on their view of nuclear…

Russia Voices Concerns About UN Sanctions on Iran

Russia Voices Concerns About UN Sanctions on Iran

Jun 24, 2011 at 19:21 | Charles Kennedy

Russia, a key member of the United Nations Security council whose assent will be essential in invoking any further UN sanctions again Iran over its civilian nuclear energy program, has…

Hydroelectric Projects Continue to Trouble Central Asian Relations

Hydroelectric Projects Continue to Trouble Central Asian Relations

Jun 23, 2011 at 21:24 | Charles Kennedy

Relations between the Central Asian states located along the region’s largest rivers continue to deteriorate over proposed hydroelectric projects. Uzbekistan in particular is concerned about eastern neighbor Tajikistan’s ambitions to…

China Pressing Forward With Wind Power

China Pressing Forward With Wind Power

Jun 23, 2011 at 20:22 | Joao Peixe

As Beijing’s booming economy devours ever more energy resources, China is turning towards renewable energy. According to a recent forum on maritime wind power held by the National Energy Administration…

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

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…

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

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…

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

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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