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News

Dubai Freezes Utility Prices, Business Community Pleased

Dubai Freezes Utility Prices, Business Community Pleased

Aug 17, 2011 at 18:18 | Charles Kennedy

Dubai’s Supreme Council of Energy, the government entity setting energy policy, has announced that utility tariffs would remain at current levels for the next several years.The decision, which includes…

Noble Energy to Develop Eastern Mediterranean LNG Facility

Noble Energy to Develop Eastern Mediterranean LNG Facility

Aug 17, 2011 at 18:17 | Joao Peixe

Texas-based Noble Energy is actively seeking to develop Israel’s offshore Mediterranean  natural gas reserves. Noble Energy Chief Operating Officer Dave Stover stated that the company will solicit proposals from…

Arizona's Solar Advocates Call Planned Support Levels Anemic

Arizona's Solar Advocates Call Planned Support Levels Anemic

Aug 17, 2011 at 18:16 | Joao Peixe

While Tucson Electric Power Co. focuses on bringing additional large utility-scale solar projects online, advocates of solar energy are decrying TEP efforts to cut significantly funding for solar-energy systems installed…

Scientists Call for Firing of Head of DOE Fracking Review Panel

Scientists Call for Firing of Head of DOE Fracking Review Panel

Aug 17, 2011 at 14:53 | John Daly

Former CIA head John Deutch has been chairing U.S. Department of Energy Secretary Stephen Chu’s advisory group on hydraulic fracturing, more frequently referred to as “fracking.” Since leaving the CIA,…

Beach Energy Reveals Massive Shale Gas Estimate

Beach Energy Reveals Massive Shale Gas Estimate

Aug 16, 2011 at 18:18 | Charles Kennedy

Adelaide-based Beach Energy reported that, based on data from its first two shale gas wells in the onshore Cooper Basin, it had estimated its field to contain 2 trillion cubic…

South Korea Seeking Rare Earth Concessions in South Africa

South Korea Seeking Rare Earth Concessions in South Africa

Aug 16, 2011 at 18:17 | Charles Kennedy

Seeking to secure reliable supplies of rare earths for the country's growing industrial demand, South Korea is negotiating to open concessions in South African mines. South Korea’s Ministry of…

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.…

$10 Billion Yearly Investment Needed in Nigeria’s National Grid

$10 Billion Yearly Investment Needed in Nigeria’s National Grid

Aug 13, 2011 at 10:23 | Charles Kennedy

Nigerian Electricity Regulatory Commission Chairman Sam Amadi stated during an interview that in order to stabilize and improve the nation’s power grid, Abuja will need to make an annual investment…

Italian Companies Interested in Building Gas Pipeline Through Bosnia

Italian Companies Interested in Building Gas Pipeline Through Bosnia

Aug 13, 2011 at 10:21 | Joao Peixe

A memorandum of understanding was signed on the construction of a gas pipeline between Bosanski Brod and Zenica earlier this month. The best route for the projected pipeline increasingly…

Niger Republic to export gasoline to Nigeria

Niger Republic to export gasoline to Nigeria

Aug 11, 2011 at 19:24 | Charles Kennedy

Despite Nigeria being Africa’s leading exporter of crude oil, a lack of investments in the country’s refineries have left Africa’s most populous nation with chronic gasoline shortages.Now Nigeria is…

China's Shenhua Group Investing $8 Billion in Xinjiang Coal Projects

China's Shenhua Group Investing $8 Billion in Xinjiang Coal Projects

Aug 11, 2011 at 19:23 | Charles Kennedy

Shenhua Group Corp Ltd., China's biggest coal producer, will invest $8 billion in coal-to-oil conversion projects in the country’s western Xinjiang Uighur autonomous region. According to Shenhua Group Corp Ltd.,…

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