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News

Russia and China Close to Concluding a Natural Gas Supply Contract

Russia and China Close to Concluding a Natural Gas Supply Contract

Oct 13, 2011 at 18:15 | Joao Peixe

Summing up the results of Russian-Chinese negotiations in Beijing Russian Federation Prime Minister Vladimir Putin told journalists that the two nations were close to signing a major natural gas contract,…

Western Energy Firms Increase their Investment in Kenya

Western Energy Firms Increase their Investment in Kenya

Oct 13, 2011 at 18:10 | Charles Kennedy

Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African country’s energy potential increases. Underpinning the Western interest is the…

China’s Petrochemical Corp. Invests in Canada

China’s Petrochemical Corp. Invests in Canada

Oct 13, 2011 at 18:09 | Joao Peixe

China’s Petrochemical Corp., also known as the Sinopec Group, has agreed to buy Canadian oil and gas explorer Daylight Energy Ltd. for $2.1 billion. The Sinopec purchase is only…

Belarusian-Venezuelan Company Will Increase Oil Production in 2012

Belarusian-Venezuelan Company Will Increase Oil Production in 2012

Oct 13, 2011 at 18:08 | Charles Kennedy

Joint venture Belarusian-Venezuelan Petrolera BeloVenezolana company is stating that it will increase oil production in 2012. Petrolera BeloVenezolana was established in 2007. Belarusian state oil company Belarusnafta, which holds a…

Kenya Seeks Norwegian Energy Assistance

Kenya Seeks Norwegian Energy Assistance

Oct 12, 2011 at 18:45 | Joao Peixe

Kenyan Prime Minister Raila Odinga, visiting the Norwegian capital Oslo for a two day visit, is attending a conference organized by the Norwegian government and seeking partners for funding energy…

Nigerian Govt. Criticized Over Decision to End Fuel Subsidies

Nigerian Govt. Criticized Over Decision to End Fuel Subsidies

Oct 12, 2011 at 18:43 | Joao Peixe

Nigeria’s Institute of Public Relations criticized the government’s decision to end fuel subsidies for the populace, noting that many Nigerians live below poverty level and that the removal of the…

Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project

Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project

Oct 12, 2011 at 18:42 | Charles Kennedy

Israel Electric Corp. has signed contracts to build a $1.3 billion 240 megawatt solar energy project in China. The facility, to be situated in northern China, will consist of three…

Japanese Government Planning to Build Hydrocarbon Reserves

Japanese Government Planning to Build Hydrocarbon Reserves

Oct 11, 2011 at 19:04 | Joao Peixe

According to a Japanese government source, speaking on condition of anonymity, Tokyo intends to increase its bases for stockpiling crude oil and petroleum products to bolster its preparations for major…

Ethiopia Seeking to be East African Region's Power Hub

Ethiopia Seeking to be East African Region's Power Hub

Oct 11, 2011 at 19:03 | Charles Kennedy

Ethiopia is deepening its power links with neighboring Djibouti. Ethiopia and Djibouti have opened a 230-kilovolt electric power transmission line, which will allow Djibouti to import 35 megawatts of electricity…

Iraqi Oil Specialists Criticize New National Oil Law as Unconstitutional

Iraqi Oil Specialists Criticize New National Oil Law as Unconstitutional

Oct 11, 2011 at 19:01 | Charles Kennedy

A number of Iraqi oil specialists have criticized the government’s proposed new national oil law as “unconstitutional,” castigating attempts by the federal government to be the sole distributor of the…

Uzbek Natural Gas Project to Receive Equipment from Malaysian Companies

Uzbek Natural Gas Project to Receive Equipment from Malaysian Companies

Oct 11, 2011 at 19:00 | Joao Peixe

Malaysia’s KNM Group BHD and Russia’s Lukoil Uzbekistan Operating Company have signed $71.63 million contracts with the Uzbek government for equipment supply. The majority of Uzbekistan’s prospected oil fields are…

Indian Protesters Ask for Closure Tamil Nadu Nuclear Power Plant

Indian Protesters Ask for Closure Tamil Nadu Nuclear Power Plant

Oct 11, 2011 at 18:58 | Charles Kennedy

Indian activists are seeking the closure of the Kudankulam nuclear power plant. Tamil Nadu politicians are merely seeking to halt work on the Kudankulam nuclear power plant, which is scheduled…

Rig in Position at Israel’s Offshore Mediterranean Natural Gas Field

Rig in Position at Israel’s Offshore Mediterranean Natural Gas Field

Oct 10, 2011 at 18:27 | Charles Kennedy

Israel intends to explore Mediterranean offshore natural gas fields that it claims are within its territorial waters, and Sedco now has its Express rig in position at Israel’s offshore Mediterranean…

Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom

Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom

Oct 10, 2011 at 18:24 | Joao Peixe

Indonesian Atlas Resources is readying a $167 million initial public offering to help finance building supporting infrastructure in its Sumatra coal mining hubs in Muba and Oku. Indonesian Atlas Resources…

China National Offshore Oil Corp. Likely to Miss 2011 Targets

China National Offshore Oil Corp. Likely to Miss 2011 Targets

Oct 10, 2011 at 18:23 | Joao Peixe

A Sanford C. Bernstein and Co. report has stated that China National Offshore Oil Corp., China’s top offshore oil producer, is likely to miss 2011 output targets. The report notes…

Chilean Hydroelectric Dam Project to be Appealed to Supreme Court

Chilean Hydroelectric Dam Project to be Appealed to Supreme Court

Oct 10, 2011 at 18:22 | Charles Kennedy

The controversial $10 billion Patagonian HidroAysen hydroelectric mega-dam approved in May by the Chilean government has recently had a Chilean appeals court in Puerto Montt vote 3 to 1 to…

Vietnam Hosts Renewable Energy Fair

Vietnam Hosts Renewable Energy Fair

Oct 10, 2011 at 18:20 | Joao Peixe

Speaking at a renewable energy fair in the Vietnamese capital Hanoi, Vietnam’s National Agency for Science and Technology Information Deputy head Le Thi Khanh Van told journalists that modern technology,…

Uruguay Could Have Significant Recoverable Natural Gas Reserves

Uruguay Could Have Significant Recoverable Natural Gas Reserves

Oct 08, 2011 at 08:54 | Joao Peixe

According to recent reports published by the U.S. Energy Information Agency, Uruguay could have recoverable natural gas reserves as high as 588 billion cubic meters, which would give it the…

Iraq to Construct Two New Refineries to Meet Domestic Need

Iraq to Construct Two New Refineries to Meet Domestic Need

Oct 08, 2011 at 08:53 | Charles Kennedy

Iraqi Oil Ministry, anxious to reduce the country's dependence on imported foreign oil refined products, intends to build two new refineries in the provinces of Karbala and Missan. The Karbala…

Jordan Approves Oil Shale Extraction Agreement with British Firm

Jordan Approves Oil Shale Extraction Agreement with British Firm

Oct 08, 2011 at 08:52 | Charles Kennedy

According to a statement from the UK embassy in Amman, the Jordanian government has given formal approval to an agreement signed in March for British company Jordan Energy and Mining…

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