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China's Crude Imports Become Backbone Of Oil Price Recovery

China's Crude Imports Become Backbone Of Oil Price Recovery

The world’s largest oil importer,…

A Biden Presidency Could End The U.S. Oil Boom

A Biden Presidency Could End The U.S. Oil Boom

Should a Biden presidency prevail…

News

Lebanon Protests Israeli-Cypriot Energy Agreement

Lebanon Protests Israeli-Cypriot Energy Agreement

Jun 21, 2011 at 18:31 | Charles Kennedy

Lebanon’s Minister of Foreign Affairs Adnan Mansour has sent an official letter of protest to UN Secretary General Ban Ki-moon expressing Lebanon's objection to a bilateral Israeli-Cypriot agreement delineating an…

International Energy Companies Move Into Mozambique

International Energy Companies Move Into Mozambique

Jun 21, 2011 at 16:10 | Joao Peixe

A joint consortium between Italian oil company Ente Nazionale Idrocarburi (ENI) and Portugal’s Galp-Energia expects to start exploring for oil and natural gas in Mocambique offshore Rovuma Basin off Cabo…

Russia Considers Importing Australian Uranium for Processing

Russia Considers Importing Australian Uranium for Processing

Jun 21, 2011 at 15:29 | Joao Peixe

Russia’s Rosatom atomic state corporation director-general Sergei Kirienko told reporters that he and Australian Safeguards and Non-Proliferation Office head Robert Floyd have exchanged letters that effectively constitute a memorandum of…

Analysts Worry Korean Energy Policies Might Backfire

Analysts Worry Korean Energy Policies Might Backfire

Jun 20, 2011 at 21:31 | Joao Peixe

Analysts warn that South Korea might face a diplomatic backlash from placing its top foreign policy focus on securing energy resources from developing nations. So far this year South Korea’s…

Russia Unlikely to Join the International Energy Agency Soon

Russia Unlikely to Join the International Energy Agency Soon

Jun 20, 2011 at 21:19 | Charles Kennedy

Gazprom head Aleksei Miller has said that its unlikely that Russia will join the International Energy Agency anytime soon. Speaking on the sidelines of the St Petersburg economic forum Miller…

Colombia's Insurgents Target Energy Infrastructure

Colombia's Insurgents Target Energy Infrastructure

Jun 20, 2011 at 21:16 | Charles Kennedy

Colombia’s Fuerzas Armadas Revolucionarias de Colombia – Ejército del Pueblo, more commonly known by the acronym FARC, is the western hemisphere’s longest running guerrilla insurgency, dating from 1964. In its…

Pakistan's Fuel Scarcity and Unpaid Bills Shutter 12 Power Plants

Pakistan's Fuel Scarcity and Unpaid Bills Shutter 12 Power Plants

Jun 20, 2011 at 20:10 | Joao Peixe

Pakistan’s endemic power crisis has reached a new level, with ongoing fuel scarcities and unpaid bills leading to the temporary closure of 12 of the country’s power plants. During the…

Australia's Desalinization Plant Workers in Industrial Dispute

Australia's Desalinization Plant Workers in Industrial Dispute

Jun 20, 2011 at 20:09 | Charles Kennedy

Victoria state’s troubled Wonthaggi desalination project in Melbourne has undergone its most bitter industrial dispute yet, with a proposal for forced lay-offs sparking an unlawful sudden strike this past weekend…

Chinese Energy Workers in Somalia Threatened

Chinese Energy Workers in Somalia Threatened

Jun 19, 2011 at 18:20 | Charles Kennedy

The Ogaden National Liberation Front has warned Chinese energy exploration companies against operating in the Ogaden ethnic Somali regions currently under Ethiopian control. In an interview with Shabelle Media Network,…

Argentina Now Receiving 40 Percent of Chinese Regional Investments

Argentina Now Receiving 40 Percent of Chinese Regional Investments

Jun 19, 2011 at 09:28 | Joao Peixe

In Argentina Mandarin Chinese is now the main language in use in local petroleum companies, which are dominated by Chinese buyers. During the period June 2010 through May 2011 Argentina…

Chinese Dam and Pipeline Projects Raise Burmese Tensions

Chinese Dam and Pipeline Projects Raise Burmese Tensions

Jun 18, 2011 at 17:44 | Joao Peixe

Lucrative China-backed hydropower projects are raising tensions along Burma’s northern border with China. Environmental groups claim that the Burmese government's against armed ethnic groups along its northern frontier is intended…

Russia Remains Committed to Burgas-Alexandroupolis Oil Pipeline

Russia Remains Committed to Burgas-Alexandroupolis Oil Pipeline

Jun 18, 2011 at 09:36 | Charles Kennedy

Russian Deputy Energy Minister Anatoli Ianovskii told journalists during an Energy Ministry conference at the St. Petersburg Economic Forum that Russia remains committed to the Burgas-Alexandroupolis oil pipeline. Speaking at…

Kazakhstan's Tengizchevroil to Expand Oil Production

Kazakhstan's Tengizchevroil to Expand Oil Production

Jun 17, 2011 at 20:27 | Charles Kennedy

Kazakhstan’s Tengizchevroil has announced plans to invest $20 billion to expand oil production at its Tengiz (Kazakh for ‘sea”) oil field. The Tengiz “super” oil field is one of the…

Russian Oil Company Lukoil Seeks Re-Entry to Iraq

Russian Oil Company Lukoil Seeks Re-Entry to Iraq

Jun 16, 2011 at 20:35 | Charles Kennedy

Russia, blindsided by the March 2003 U.S.-led invasion, is seeking to revive previous Iraqi opportunities. Excluded from Iraq by the U.S.-led March 2003 invasion, Russia’s Lukoil is planning to invest…

China Looks Increasingly Towards Renewables

China Looks Increasingly Towards Renewables

Jun 16, 2011 at 20:34 | Joao Peixe

The Offshore Wind China 2011 Conference and Exhibition is scheduled to be held at Shanghai New International Expo Centre on 15-17 June. The event is Asia's largest renewable wind-power event.…

Lithuania, U.S. Company Discuss Shale Gas Production

Lithuania, U.S. Company Discuss Shale Gas Production

Jun 16, 2011 at 19:33 | Joao Peixe

Lithuanian Energy Minister Arvydas Sekmokas disclosed on 14 June that he had held talks with a U.S. company about beginning shale natural gas production in the energy-poor Baltic state. Citing…

Following Fukushima, India Slows Nuclear Development

Following Fukushima, India Slows Nuclear Development

Jun 16, 2011 at 18:54 | Charles Kennedy

Resource-poor India proposes to increase its nuclear electrical power capacity to 63,000 megawatts by 2032. In the wake of Japan’s March Fukushima catastrophe New Delhi is reviewing its plans. Across…

Russian Expert Criticizes Bulgaria's Proposed Belene Nuclear Plant's Cost

Russian Expert Criticizes Bulgaria's Proposed Belene Nuclear Plant's Cost

Jun 16, 2011 at 16:34 | Charles Kennedy

One of the most contentious issues since the 1991 implosion of the USSR and the end of the Kremlin’s protectorate over Eastern Europe has been the fate of aging Soviet-era…

Debate Over Ethanol Subsidies Heats up in Washington

Debate Over Ethanol Subsidies Heats up in Washington

Jun 15, 2011 at 22:22 | Charles Kennedy

Washington currently provides approximately $5 billion worth of annual tax credits to U.S. farmers growing crops for ethanol production. The question of ending the subsidies is fracturing the Republican leadership…

Natural Gas Issues Inflame Palestinian-Israeli Dispute

Natural Gas Issues Inflame Palestinian-Israeli Dispute

Jun 15, 2011 at 21:13 | Charles Kennedy

Massive potential natural gas fields off the Gaza Strip in the Mediterranean are complicating Israeli and Palestinian peace negotiations. Earlier this week Israel's Ministry of National Infrastructure authorized Noble Energy,…

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