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Bearish EIA Inventory Report Sends Oil Prices Lower

Bearish EIA Inventory Report Sends Oil Prices Lower

Crude oil prices fell further…

Canada Is Cleaning Up Its Oil Sands

Canada Is Cleaning Up Its Oil Sands

Canada’s oil sands have long…

News

Iranian Deputy Oil Minister - Era of Cheap Oil is Over

Iranian Deputy Oil Minister - Era of Cheap Oil is Over

Jun 29, 2011 at 00:16 | Joao Peixe

Iran’s deputy Oil Minister Ghazaleh Taifeh stated bluntly, "The era of cheap and low-cost oil production in Iran, which was always considered the most important advantage of Iran's oil industry,…

Troubling Questions Arise About Russian Nuclear Specialists Killed in Crash

Troubling Questions Arise About Russian Nuclear Specialists Killed in Crash

Jun 27, 2011 at 21:28 | Charles Kennedy

Five Russian nuclear specialists were among the 44 passengers who died when a Tu-134 airliner crashed near Petrozavodsk, Russia on 20 June. The quartet had all worked on Iran’s Bushehr…

Energy Starved Angola to Build 150 Micro-Hydroelectric Plants

Energy Starved Angola to Build 150 Micro-Hydroelectric Plants

Jun 27, 2011 at 21:27 | Joao Peixe

Angola’s Minister of Energy and Water Emanuela Vieira Lopes has announced his government’s intention to build 150 micro-hydroelectric projects at a consultative meeting of Angola’s Ministério da Energia e Água.…

Central Asian Regional Water Tensions to Increase

Central Asian Regional Water Tensions to Increase

Jun 27, 2011 at 21:26 | Charles Kennedy

UNDP senior economist Ben Slay has reported in his blog that the water-challenged Central Asian region faces drought conditions this summer, raising tensions among Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan,…

Israel’s Offshore Natural Gas Fields May be Hard to Protect From Terrorism

Israel’s Offshore Natural Gas Fields May be Hard to Protect From Terrorism

Jun 27, 2011 at 19:11 | Charles Kennedy

According to specialists, output from Israel’s Mediterranean recently discovered Leviathan offshore natural gas fields may be hard to protect from security threat. In the wake of potential terrorist threats, former…

Japan - More Reactor Problems, This Time Reportedly Solved

Japan - More Reactor Problems, This Time Reportedly Solved

Jun 27, 2011 at 17:32 | Joao Peixe

Japan’s Atomic Energy Agency recently reported that the problems with the Monju prototype fast breeder reactor in Tsuruga, dating from last August have been resolved, with officials hopeful to resume…

Dollars Reserve Currency Status at Risk Following Russia-China Deal

Dollars Reserve Currency Status at Risk Following Russia-China Deal

Jun 26, 2011 at 20:11 | Joao Peixe

Russian Central Bank Deputy Chairman Viktor Melnikov has served notice on Washington that the world’s second largest energy exporter and world’s second largest economy are about to switch using the…

Fukushima Politics Impacts Bulgarian-Russian Nuclear Deal

Fukushima Politics Impacts Bulgarian-Russian Nuclear Deal

Jun 26, 2011 at 13:33 | Charles Kennedy

Since the March nuclear tragedy in Japan, many countries have been reassessing their commitments to nuclear energy, a prospect that fills U.S. and Russian companies with concerns, as they are…

Chevron to Begin Deepwater Drilling off Liberia

Chevron to Begin Deepwater Drilling off Liberia

Jun 26, 2011 at 13:29 | Charles Kennedy

U.S.-based Chevron, which three months ago announced plans to explore for petroleum in Liberia’s offshore waters, is starting deep-water drilling in Liberia’s Exclusive Economic Zone situated in the oil-rich Gulf…

Public Support for Nuclear Energy Outlined in New Poll

Public Support for Nuclear Energy Outlined in New Poll

Jun 25, 2011 at 08:53 | Joao Peixe

Ipsos MORI, one of the United Kingdom’s largest and best known research companies, has released a new public opinion survey of citizens in 24 countries on their view of nuclear…

Russia Voices Concerns About UN Sanctions on Iran

Russia Voices Concerns About UN Sanctions on Iran

Jun 24, 2011 at 19:21 | Charles Kennedy

Russia, a key member of the United Nations Security council whose assent will be essential in invoking any further UN sanctions again Iran over its civilian nuclear energy program, has…

Hydroelectric Projects Continue to Trouble Central Asian Relations

Hydroelectric Projects Continue to Trouble Central Asian Relations

Jun 23, 2011 at 21:24 | Charles Kennedy

Relations between the Central Asian states located along the region’s largest rivers continue to deteriorate over proposed hydroelectric projects. Uzbekistan in particular is concerned about eastern neighbor Tajikistan’s ambitions to…

China Pressing Forward With Wind Power

China Pressing Forward With Wind Power

Jun 23, 2011 at 20:22 | Joao Peixe

As Beijing’s booming economy devours ever more energy resources, China is turning towards renewable energy. According to a recent forum on maritime wind power held by the National Energy Administration…

Brazil to Become the World's Largest Market for Oil Exploration Technology

Brazil to Become the World's Largest Market for Oil Exploration Technology

Jun 23, 2011 at 19:40 | Joao Peixe

Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli has confidently predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration…

U.S. Company to Begin Drilling in Cyprus Offshore Waters by Year End

U.S. Company to Begin Drilling in Cyprus Offshore Waters by Year End

Jun 23, 2011 at 19:18 | Charles Kennedy

U.S. company Noble Energy is to begin exploring Cyprus' offshore Mediterranean Exclusive Economic Zone (EEZ) by the end of this year. Addressing reporters after a meeting with President of the…

Russia, Norway to Begin Licensing Barents Sea Gray Zone in 2013

Russia, Norway to Begin Licensing Barents Sea Gray Zone in 2013

Jun 23, 2011 at 19:11 | Charles Kennedy

Russia’s Natural Resources Ministry reported that Russia and Norway will start issuing licenses to oil and gas fields in the so-called former Barents Sea “gray zone” in 2013-2014.The area…

Russia Still Committed to Nuclear Power

Russia Still Committed to Nuclear Power

Jun 22, 2011 at 21:34 | Charles Kennedy

Russian Prime Minister Vladimir Putin is paying a working visit to France, where scheduled talks in Paris include discussions with Prime Minister Francois Fillon. Putin met members of the Franco-Russian…

EPA Ups 2012 Biofuel Mandate to 15.2 Billion Gallons

EPA Ups 2012 Biofuel Mandate to 15.2 Billion Gallons

Jun 22, 2011 at 21:32 | Charles Kennedy

On Wednesday the Environmental Protection Agency proposed mandating the blending of 15.2 billion gallons of renewable fuel into the U.S. fuel supply, upping the proposed mandate for advanced biofuels by…

Sudan’s President Threatens to Shut Pipelines

Sudan’s President Threatens to Shut Pipelines

Jun 22, 2011 at 20:03 | Charles Kennedy

Sudanese president Omer Hassan al-Bashir has threatened to shut down the pipelines from the landlocked Southern Sudan to Port Sudan on the Red Sea unless a revenue sharing deal is…

A Chinese Specialist on Russia-China Energy Cooperation

A Chinese Specialist on Russia-China Energy Cooperation

Jun 22, 2011 at 19:42 | Joao Peixe

Over the past few years Russia-China energy cooperation has expanded greatly.East China Pedagogical University Russia Studies Center director Feng Shaolei enthusiastically noted, "Cooperation on pipelines with Russia Is a…

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