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Novatek's LNG Ambitions Hindered by Geopolitical Tensions

Novatek's LNG Ambitions Hindered by Geopolitical Tensions

Russian natural gas producer Novatek…

News

Iran’s Offer to Expand Sri Lanka’s Oil Refinery Rejected

Iran’s Offer to Expand Sri Lanka’s Oil Refinery Rejected

Jul 16, 2011 at 19:20 | Charles Kennedy

The Sri Lankan government has rejected Iran’s offer to assist in expanding the island’s Sapugaskanda oil refinery capacity from 50,000 to 100,000 barrels per day over a dispute on the…

Belarus Selling off its Energy Assets to Russian Firms

Belarus Selling off its Energy Assets to Russian Firms

Jul 16, 2011 at 13:12 | Joao Peixe

The handwriting on the wall of the parlous state of the Belarus economy, which in the past two decades has signally failed to reform itself, has become evident in Minsk’s…

China to Keep Rare Earths Export Quota at 2010 Levels

China to Keep Rare Earths Export Quota at 2010 Levels

Jul 15, 2011 at 20:05 | Joao Peixe

Seeking to quell fears among its trading partners, Beijing has announced that it will keep its 2011 rare earths export quota at 2010 levels. China currently supplies 97 percent…

Nigerian-Chinese Trade Soars

Nigerian-Chinese Trade Soars

Jul 15, 2011 at 20:04 | Charles Kennedy

Nigeria's total trade investments with China for 2011 now total $8.2 billion, compared to their 2010 level of $7.7 billion, according to China’s Economic and Commercial Counselor at its embassy…

Iraqi Militants Threaten Kuwaiti Port Development

Iraqi Militants Threaten Kuwaiti Port Development

Jul 14, 2011 at 21:37 | Charles Kennedy

Kuwait is seeking to construct the Great Mubarak Port on its Bubyan Island on the Khor Abdullah inlet at the mouth of the Persian Gulf, with the new facility incorporating…

Argentina’s Largest Oil Company Joins Colombia’s Oil Rush

Argentina’s Largest Oil Company Joins Colombia’s Oil Rush

Jul 14, 2011 at 21:36 | Joao Peixe

Argentina’s Yacimientos Petrolíferos Fiscales, the country’s largest oil company, is investing in Colombia. YPF SA has agreed to partner for exploring for oil in Colombia with Canada’s Alange Energy Corp.,…

China Assisting Pakistan in Upgrading Power Infrastructure

China Assisting Pakistan in Upgrading Power Infrastructure

Jul 14, 2011 at 19:36 | Charles Kennedy

Chinese fiscal assistance is allowing Pakistan to begin rebuilding its energy infrastructure in its portion of the contested Himalayan state, which it labels “Azad Kashmir,” heavily damaged during last year’s…

BP-Azerbaijan Suspends Oil Supplies Via Georgian Supsa Pipeline

BP-Azerbaijan Suspends Oil Supplies Via Georgian Supsa Pipeline

Jul 14, 2011 at 19:29 | Joao Peixe

BP-Azerbaijan, operating the Azeri export pipeline from the Azerbaijan’s Caspian oil export terminal at Baku westwards to the Georgian Black Sea oil terminus at Supsa, has announced that it has…

Vietnamese Energy Insurance Company to Issue IPO

Vietnamese Energy Insurance Company to Issue IPO

Jul 14, 2011 at 19:27 | Charles Kennedy

Vietnam’s Petrolimex Joint Stock Insurance Co., the insurance entity of Vietnam's leading oil product importer, Vietnam National Petroleum Corporation, or Petrolimex, will shortly float a initial public offering stock option…

Major Colombian Oil Pipeline Attacked, Yet Again

Major Colombian Oil Pipeline Attacked, Yet Again

Jul 13, 2011 at 21:23 | Joao Peixe

Colombia’s Cano Limon Coveñas oil pipeline has been attacked yet again, disrupting shipments and causing an oil spill in the Catatumbo river. The leftist Fuerza Armadas Revolucionarias de Colombia, or…

Iran to Invest $18 Billion in the Country’s Southern Oilfields

Iran to Invest $18 Billion in the Country’s Southern Oilfields

Jul 13, 2011 at 21:21 | Charles Kennedy

Despite the crippling effect of foreign sanctions, the Iranian government has decided to invest $18 billion in the country’s southern oilfields to boost production. Iran's Deputy Oil Minister for Planning…

New Thai Government Urged to Review and Modify Energy Policies

New Thai Government Urged to Review and Modify Energy Policies

Jul 13, 2011 at 19:54 | Charles Kennedy

Thailand’s new Prime Minister-elect Yingluck Shinawatra is being urged to review the country’s energy policies. Thailand’s current energy sources are a mixture of everything from hydroelectric facilities to coal-fired thermal…

France to Open

France to Open "Cooperation Bureau" in North Korea

Jul 13, 2011 at 19:17 | Charles Kennedy

North Korea remains one of the world’s most isolated regimes, not least because of its rogue nuclear program. The country remains desperately short of everything from food to energy, and…

Financial Problems Hit Nuclear Projects in the Balkans

Financial Problems Hit Nuclear Projects in the Balkans

Jul 13, 2011 at 19:16 | Joao Peixe

Latvian President Andris Berzins has reaffirmed Latvia's interest in buying electric power generated by Lithuania’s Visaginas nuclear power plant, but asserted that because of the country’s fiscal situation, Latvia would…

Proposed Shale Gas Development Stirs Passions in Poland

Proposed Shale Gas Development Stirs Passions in Poland

Jul 12, 2011 at 20:38 | Joao Peixe

Energy-poor Poland is about to embark upon using hydraulic fracturing to develop the country’s natural gas reserves. The practice is controversial in many countries, including the U.S., because of its…

Iran Ready to Export Jet Fuel to Neighbors

Iran Ready to Export Jet Fuel to Neighbors

Jul 12, 2011 at 20:35 | Charles Kennedy

In a show of bravado to Western countries imposing sanctions, Iran has announced that it is ready to export jet fuel to neighboring countries. National Iranian Oil Refining and…

China Loans Serbia $300 Million to Construct Power Station

China Loans Serbia $300 Million to Construct Power Station

Jul 12, 2011 at 20:13 | Joao Peixe

China’s economic power is growing throughout the world far beyond its traditional spheres of influence, even penetrating the Balkans. Serbian Deputy Prime Minister and Interior Minister Ivica Dacic told…

Will Russia Hike Romanian Energy Prices Following WW2 Comments?

Will Russia Hike Romanian Energy Prices Following WW2 Comments?

Jul 12, 2011 at 18:30 | Charles Kennedy

Romanian Senate Speaker Mircea Geoana has characterized recent statements by President Traian Basescu on World War II as "a diplomatic blunder" with negative repercussions on the relations between Romania and…

Taiwan Surges Forward in Solar Energy Developments

Taiwan Surges Forward in Solar Energy Developments

Jul 12, 2011 at 18:14 | Joao Peixe

In 2010 Taiwan’s annual production of solar cells grew by 118 percent, reaching a capacity of 27.2 gigawatts, while combined solar cell shipments by China and Taiwan accounted for 62.2…

Israel Seeking UN Opinion on Maritime Border Dispute with Lebanon

Israel Seeking UN Opinion on Maritime Border Dispute with Lebanon

Jul 11, 2011 at 21:37 | Joao Peixe

According to Israeli Foreign Minister Avigdor Lieberman, Tel Aviv will shortly seek a UN opinion on its Mediterranean maritime borders with Lebanon. The Israeli’s governmental request would be an extraordinary…

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