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Bullish Sentiment Extinguished By Demand Fears

Bullish Sentiment Extinguished By Demand Fears

Oil prices have fallen below…

Oil Prices Rise After EIA Reports Small Crude Draw

Oil Prices Rise After EIA Reports Small Crude Draw

Oil prices stabilized today after…

News

Sudan Says That South Sudan to Pay Outstanding Oil Fees

Sudan Says That South Sudan to Pay Outstanding Oil Fees

Sep 13, 2011 at 23:25 | Joao Peixe

South Sudan's Ministry of Petroleum and Mining Undersecretary David Loro Gubek said that Sudan and South Sudan were evenly splitting proceeds of the 500,000 oil barrels the two countries produced…

Uruguay Developers Offer Cheaper Power from Private Wind Farms

Uruguay Developers Offer Cheaper Power from Private Wind Farms

Sep 13, 2011 at 23:23 | Charles Kennedy

Uruguay’s, Ministry of Industry, Energy and Mining Ramon Mendez, notined that by 2015 Uruguay could have $1.3 billion dollars of wind farms after developers promised cheaper electricity than that from…

Oil Discovery off French Guiana Mirrors Ghana’s Jubilee field

Oil Discovery off French Guiana Mirrors Ghana’s Jubilee field

Sep 13, 2011 at 23:22 | Charles Kennedy

Tullow Oil has announced its Zaedyus exploration well off the coast of French Guiana has struck oil. Tullow Oil said that its objective in drilling the Zaedyus well, which encountered…

Vietnam National Oil and Gas Group Launches Oil Platform

Vietnam National Oil and Gas Group Launches Oil Platform

Sep 13, 2011 at 23:19 | Joao Peixe

Vietnam National Oil and Gas Group, better known as PetroVietnam, have launched the nation’s first indigenously built 300 foot-high drilling rig and Moc Tinh oil platform. Vietnamese President Truong Tan…

Iranian Natgas Pipeline to Pakistan to be Completed Next Year

Iranian Natgas Pipeline to Pakistan to be Completed Next Year

Sep 12, 2011 at 18:18 | Charles Kennedy

Iran’s Foreign Minister Akbar Salehi told Pakistani Prime Minister Yusuf Raza Gilani that the Iranian part of the Iran-Pakistan natural gas pipeline is scheduled for completion in 2012. A second…

Ethiopian Electric Power Corp. Signs 14 Contracts with Foreign Firms

Ethiopian Electric Power Corp. Signs 14 Contracts with Foreign Firms

Sep 12, 2011 at 18:17 | Joao Peixe

According to Ethiopian Electric Power Corp. executive Miheret Debebe, EEPCo has signed 14 contracts worth more than $300 million with foreign firms to increase Ethiopia’s power output. State company EEPCo…

Nigerian Government to Build Three Coal Power Stations

Nigerian Government to Build Three Coal Power Stations

Sep 12, 2011 at 18:16 | Joao Peixe

Nigerian Minister of Power Bart Nnaji said that the government will build three coal-fired power stations in Enugu, Kogi and Gombe states, each with a 3,000 megawatt capacity, to diversify…

Anglo-Turkish Genel Energy Increasing Presence in Northern Iraq

Anglo-Turkish Genel Energy Increasing Presence in Northern Iraq

Sep 12, 2011 at 18:14 | Charles Kennedy

Anglo-Turkish Genel Energy, soon to be led by former BP CEO Tony Hayward, is seeking to expand its presence in northern Iraq. Genel Energy, owned by Turkish businessman Mehmet Emin…

China’s Sinochem Interested in Investing in Alberta

China’s Sinochem Interested in Investing in Alberta

Sep 10, 2011 at 22:23 | Joao Peixe

Looking beyond Alberta’s rich deposits of oil sands, China’s state-owned Sinochem Group energy giant is looking to invest in the province’s rich oil and natural gas sector. Sinochem Group is…

India’s Nuclear Safety Regulatory Authority Bill Stirs Debate

India’s Nuclear Safety Regulatory Authority Bill Stirs Debate

Sep 10, 2011 at 22:22 | Charles Kennedy

The legislation proposes to establish a Council for Nuclear Safety under chairmanship of the Prime Minister and including several ministers to oversee and review national policies regarding radiation safety, nuclear…

Australian Firm to Provide Jatropha Biofuel to Lufthansa for Testing

Australian Firm to Provide Jatropha Biofuel to Lufthansa for Testing

Sep 10, 2011 at 22:20 | Joao Peixe

Australia’s Jatenergy Limited energy company is to provide crude jatropha oil to Lufthansa for flight trials. The Lufthansa tests are the world’s first, long-term trial of renewable jet fuel and…

Turkey Cautions Cyprus over Mediterranean Offshore Natgas Reserves

Turkey Cautions Cyprus over Mediterranean Offshore Natgas Reserves

Sep 08, 2011 at 20:01 | Joao Peixe

Turkish Energy Minister Taner Yildiz told reporters that “no one” should attempt to test either the Turkish government or the country's history, a less than veiled reference to the Republic…

Gazprom to Invest $100 Million in Kyrgyzstan

Gazprom to Invest $100 Million in Kyrgyzstan

Sep 08, 2011 at 20:00 | Charles Kennedy

State-owned Russian Federation natural gas monopoly intends to invest $100 million in prospecting for oil and natural gas deposits in Kyrgyzstan. Gazprom CEO Aleksei Miller told the press, “We intend…

Indonesian Company to Begin Exporting Coal to China

Indonesian Company to Begin Exporting Coal to China

Sep 08, 2011 at 19:59 | Charles Kennedy

Indonesia’s Medco Energi Internasional is shortly to start high-caloric thermal coal exports to China later this year. Medco Energi Mining Internasional chief executive Arie Prabowo Ariotedjo said of the exports,…

Kenyan Oil Pipeline Contract Canceled

Kenyan Oil Pipeline Contract Canceled

Sep 08, 2011 at 19:58 | Joao Peixe

The downfall of the Libyan regime of Colonel Muammar Gaddafi is impacting eastern Africa. Libyan firm Tamoil in 2007 was awarded a contract to construct the $300 million Eldoret Kampala…

UAE Calls for Comprehensive Regional Energy Strategy

UAE Calls for Comprehensive Regional Energy Strategy

Sep 08, 2011 at 19:57 | Joao Peixe

United Arab Emirates Assistant Foreign Minister Ahmad al-Jabir, special envoy for energy affairs and climate change, and chief executive officer of Abu Dhabi Future Energy Company (Masdar), has urged oil-exporting…

Germany Increasing its Focus on Solar Energy

Germany Increasing its Focus on Solar Energy

Sep 07, 2011 at 20:02 | Charles Kennedy

In the wake of the 11 March nuclear disaster at Tokyo Electric Power Co.’s Fukushima nuclear power complex, the government of German Chancellor Angela Merkel decided to shutter the country’s…

South Africa Awaits Shale Gas Assessment Outcome

South Africa Awaits Shale Gas Assessment Outcome

Sep 07, 2011 at 20:01 | Charles Kennedy

As South Africa has very limited natural gas reserves, the country’s Department of Energy is awaiting the outcome of an assessment of the nation’s shale gas potential. South Africa’s Department…

Argentina to Import Three Times More Natural Gas Than in 2010

Argentina to Import Three Times More Natural Gas Than in 2010

Sep 07, 2011 at 20:00 | Joao Peixe

Argentina is on schedule to import 66 liquefied natural gas cargoes in 2011, three times the amount it purchased in 2010. Argentina has two liquefied natural gas (LNG) import terminals…

Gazprom May Suspend $2.5 Billion Gas Project in Nigeria

Gazprom May Suspend $2.5 Billion Gas Project in Nigeria

Sep 07, 2011 at 19:58 | Charles Kennedy

Due to the Nigerian government’s ongoing delay in passing the Petroleum Industry Bill (PIB), Russian state-owned natural gas company Gazprom may suspend its investment in a $2.5 billion natural gas…

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