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Oil Hits $20 For The First Time In 18 Years

Oil Hits $20 For The First Time In 18 Years

Oil prices plunged on Monday…

S&P Cuts Oil Nations Ratings

S&P Cuts Oil Nations Ratings

Several oil-producing nations woke up…

News

Russia and Turkmenistan to Deepen Energy Cooperation

Russia and Turkmenistan to Deepen Energy Cooperation

Aug 16, 2011 at 18:11 | Joao Peixe

Following a meeting of the Russian-Turkmen intergovernmental commission for economic cooperation in Avaz on the Turkmen Caspian coast the two giant natural gas exporters agreed to increase their energy cooperation.

Mongolia to Build Refineries to Ease Chronic Fuel Shortages

Mongolia to Build Refineries to Ease Chronic Fuel Shortages

Aug 16, 2011 at 18:10 | Joao Peixe

Mongolia, which is forced to import virtually all of its refined oil products and frequently faces chronic fuel shortages, is to begin building an oil refinery early next year in…

Australia's Otto Energy Ltd. Buys Out Filipino Partner in Galoc Oil Field

Australia's Otto Energy Ltd. Buys Out Filipino Partner in Galoc Oil Field

Aug 16, 2011 at 18:08 | Charles Kennedy

While China remains the dominant investor in acquiring Southeast Asian energy assets, Australia has begun to compete with Chinese dominance. Australia's Otto Energy Ltd. has bought the entire 68.62 percent…

Army Interest in Renewable Fuels Growing

Army Interest in Renewable Fuels Growing

Aug 15, 2011 at 19:21 | Charles Kennedy

On 10 August Secretary of the Army John McHugh announced the creation of a new Energy Initiatives Office Task Force, whose purpose is to assist the Army face challenges arising…

Iranian Oil Sales to India Decline

Iranian Oil Sales to India Decline

Aug 15, 2011 at 19:20 | Joao Peixe

Despite Iran’s eagerness to supply customers, Iranian oil sales this year have dropped to 18.5 million tons from last year’s exports of 21 million tons. Factors causing the decline include…

New Australian Green Initiative Threatens Property Values

New Australian Green Initiative Threatens Property Values

Aug 15, 2011 at 19:19 | Charles Kennedy

Australia’s federal government is considering introducing, possibly next year, mandatory energy star ratings for homes being sold or rented. Under the proposed system as currently envisaged, sellers and landlords would…

Duke Energy Announces Wind Farm for Willacy County in Texas

Duke Energy Announces Wind Farm for Willacy County in Texas

Aug 15, 2011 at 19:18 | Joao Peixe

Duke Energy has announced its intention to build a large-scale wind farm in Willacy County. When the 200-megawatt facility comes online, it will generate enough electricity to power roughly 60,000…

Turkish Government Releases Solar Energy Investment Plan

Turkish Government Releases Solar Energy Investment Plan

Aug 14, 2011 at 10:10 | Joao Peixe

Turkey’s Ministry of Energy’s nine-item solar energy action plan, covering 27 of the country’s provinces, includes eventual investments topping $2.8 billion, and published the plan in the Official Gazette. 

Vietnam receives $95 million loan to build Vung Ang power plant

Vietnam receives $95 million loan to build Vung Ang power plant

Aug 14, 2011 at 10:09 | Joao Peixe

The Japanese Bank for International Corporation and the Sumitomo Mitsui Banking Cooperation are providing a $95 million loan Vietnam National Oil and Gas Group (PetroVietnam) to build the Vung Ang…

Angola's State Oil Company Wants to Supply Zambia and Namibia

Angola's State Oil Company Wants to Supply Zambia and Namibia

Aug 13, 2011 at 10:25 | Charles Kennedy

Sociedade Nacional de Combustíveis de Angola, E.P., or Sonangol, is the Angolan state oil company, with the sole concession for oil and gas exploration in Angola’s subsoil and continental shelf.…


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