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U.S. Natural Gas Sees Its Best Ever Start To The Year

U.S. Natural Gas Sees Its Best Ever Start To The Year

Cold temperatures that have increased…

Biden May Cut 2022 Biofuel Blending Mandates: Report

Biden May Cut 2022 Biofuel Blending Mandates: Report

President Joe Biden is considering…

Natural Gas Prices Spike On Colder Weather

Natural Gas Prices Spike On Colder Weather

The East Coast is experiencing…

News

Oil-Rich Mexico Now Imports 50 Percent of its Gasoline

Oil-Rich Mexico Now Imports 50 Percent of its Gasoline

Aug 29, 2011 at 19:14 | Charles Kennedy

According to the Petroleum Indicator of the Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, between January and July 2011, foreign gasoline purchases averaged 397,300 barrels per day,…

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

Aug 29, 2011 at 19:13 | Joao Peixe

Under terms of the U.S.-Russian two-decade old “megatons-to-megawatts” agreement, the United States Enrichment Corporation (USEC) has reimbursed the Russian Federation more than $7.2 billion for its work in separating fissile…

North Korean Leader Supports Russian Natgas Pipeline to South Korea

North Korean Leader Supports Russian Natgas Pipeline to South Korea

Aug 29, 2011 at 19:12 | Joao Peixe

North Korean leader Kim Jong Il, following a summit meeting with Russian Federation President Dmitry Medvedev in the Siberian city of Khabarovsk, has expressed support for a proposed Russian project…

Sri Lanka’s Electricity Board 2011 Losses Estimated at $118 Million

Sri Lanka’s Electricity Board 2011 Losses Estimated at $118 Million

Aug 29, 2011 at 19:10 | Charles Kennedy

The Ceylon Electricity Board (CEB) General Manager Nihal Wickremasooriya said that the company could lose up to $118 million in 2011 from a number of factors, including inclement weather. 

Iran States Uranium Enrichment Program for Medical Research

Iran States Uranium Enrichment Program for Medical Research

Aug 29, 2011 at 19:09 | Charles Kennedy

Seeking to quell international concern about Iran’s nuclear enrichment program, Iran's Atomic Energy Organization Director Fereydoon Abbassi stated that the country’s 20 percent uranium enrichment program is designed solely to…

Tajikistan to Proceed with Rogun Hydroelectric Dam

Tajikistan to Proceed with Rogun Hydroelectric Dam

Aug 28, 2011 at 09:41 | Joao Peixe

According to Tajikistan’s Finance Ministry, next year the government will assign more than $223 million of budgetary funds to continue construction of the Rogun hydroelectric facility. In a statement the…

South African Renewable Energy Projects to help Women

South African Renewable Energy Projects to help Women

Aug 28, 2011 at 09:39 | Joao Peixe

During a workshop for women organized by South African’s Department of Energy, Deputy Minister of Energy, Barbara Thomson said that government initiatives in renewable energy resources will assist women both…

Canada to Refurbish and Expand Argentinean Nuclear Power Plant

Canada to Refurbish and Expand Argentinean Nuclear Power Plant

Aug 27, 2011 at 08:13 | Charles Kennedy

Argentina has signed a $444 million contract with Canada’s SNC-Lavalin Group to renovate its Embalse Río Tercero nuclear plant. The SNC-Lavalin Group is Canada's top engineering firm. The Embalse Río…

SK Global Chemical Co. Building Petrochemical Plant in Singapore

SK Global Chemical Co. Building Petrochemical Plant in Singapore

Aug 27, 2011 at 08:12 | Charles Kennedy

South Korean chemicals maker SK Global Chemical Co. is to begin construction of a $2.4 billion petrochemical plant on Singapore's Jurong Island. The new facility is intended to serve as…

Nigeria is Africa's Largest Oil Exporter

Nigeria is Africa's Largest Oil Exporter

Aug 27, 2011 at 08:11 | Joao Peixe

The office of President Goodluck Jonathan's, summing up his first 100 days in office, declared that one of his administration’s achievements was Nigeria again retaining its position as Africa’s largest…

Mongolia's Energy Sector Booming

Mongolia's Energy Sector Booming

Aug 25, 2011 at 18:39 | Charles Kennedy

Mongolia’s rising mineral and fuel production is transforming the nation’s economy. The European Bank for Reconstruction and Development (EBRD) predicted last month that the economy will grow by 9 percent…

South Korea Investing in Kazakhstan Energy Projects

South Korea Investing in Kazakhstan Energy Projects

Aug 25, 2011 at 18:38 | Charles Kennedy

South Korean President Lee Myung-bak is currently visiting Kazakhstan. In one result of Lee’s visit, South Korea and Kazakhstan have signed agreements for two $4 billion projects to build a…

Iran's Energy Sector Beset by Problems

Iran's Energy Sector Beset by Problems

Aug 25, 2011 at 18:37 | Joao Peixe

Iran Petrochemical Industries Company executive director Abdel Hoseyn Bayat has criticized shortcomings in the country’s energy sector, telling journalists, "Currently the installed capacity at the petrochemical units has come close…

Thailand Uncovers Illegal Oil Trading in Southern Border Provinces

Thailand Uncovers Illegal Oil Trading in Southern Border Provinces

Aug 25, 2011 at 18:36 | Joao Peixe

Thailand’s Southern Border Provinces Administration Center (SBPAC) has uncovered massive fuel smuggling operations in the country’s southern provinces. SBPAC member Chaiyong Maneerungsakul said, "In the aggregate, each day, there is…

Azeri Economy, More Dependent on Oil Exports than Ever

Azeri Economy, More Dependent on Oil Exports than Ever

Aug 25, 2011 at 18:34 | Charles Kennedy

Azerbaijan’s State Customs Committee reported that during the period January-June 2011, crude oil made up 86.23 percent of Azerbaijan’s exports and oil products, 5.57 percent. Compared to January-July 2010, oil…

Despite Controversy, China Embraces Shale Gas Extraction

Despite Controversy, China Embraces Shale Gas Extraction

Aug 24, 2011 at 18:31 | Joao Peixe

According to China’s Ministry of Land and Resources, the government is preparing to declare shale gas a priority mineral. In the West, particularly the United States, the practice of extracting…

Iran’s Kish International Oil Bourse Completes First Oil Transaction

Iran’s Kish International Oil Bourse Completes First Oil Transaction

Aug 24, 2011 at 18:30 | Charles Kennedy

Iran’s Kish Island International Oil Bourse (IOB), which opened last month, has completed its first oil transaction after its official opening earlier this month. The IOB, the Persian Gulf region's…

North Korea Exploring for Lucrative Rare Earth Elements

North Korea Exploring for Lucrative Rare Earth Elements

Aug 24, 2011 at 18:13 | Charles Kennedy

Buoyed by record world prices for rare earth elements (RREs), North Korea has begun seeking deposits on its territory to help with its chronic international trade and budget deficits. 

U.S. Government Interested in Nigeria’s Energy Infrastructure

U.S. Government Interested in Nigeria’s Energy Infrastructure

Aug 24, 2011 at 18:12 | Joao Peixe

U.S. Ambassador to Nigeria, Mr. Terence McCulley has told the Nigerian government of Washington’s interest in the country’s energy sector. Following a meeting with Nigeria’s Minister of Power Bart Nnaji,…

Biofuels USA Opens Biodiesel Gas Station on Interstate-70

Biofuels USA Opens Biodiesel Gas Station on Interstate-70

Aug 24, 2011 at 18:11 | Charles Kennedy

Biofuels USA has opened its new biodiesel station at exit 175 in New Florence, Missouri. The new facility offers prospective drivers a variety of homegrown biofuel choices for diesel vehicle…

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