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Oil Market Shows No Signs Of Cooling

Oil Market Shows No Signs Of Cooling

The crude oil market has…

The Oil Market Is Already Looking Beyond Omicron

The Oil Market Is Already Looking Beyond Omicron

The global supply versus demand…

News

Brazilian Wind Energy Projects Advance in Government Auction

Brazilian Wind Energy Projects Advance in Government Auction

Aug 23, 2011 at 19:01 | Joao Peixe

Power auctions organized by Brazil’s government on 17 August have indicated the country’s growing interest in renewable power projects, particularly wind. Forty-four wind power projects with a total capacity of…

Over 2 Million Mozambicans Using Renewable Energy

Over 2 Million Mozambicans Using Renewable Energy

Aug 23, 2011 at 19:00 | Joao Peixe

Mozambican Energy Minister Salvador Namburete reports that over 2 million Mozambicans are now using renewable energy sources. Namburete said, "Currently, 30 percent of Mozambicans have access to electricity, being 20…

South Korean and Indian Firms Team up to Build Power Plants

South Korean and Indian Firms Team up to Build Power Plants

Aug 23, 2011 at 18:59 | Charles Kennedy

State-run Korea Electric Power Corp. subsidiary Korea East-West Power Co. Ltd. has signed an agreement with Sahara India Power Corp. Ltd. to collaborate in constructing and operating coal-fueled thermal plants…

Uzbekistan Seeks Joint Uranium-Producing Project With China

Uzbekistan Seeks Joint Uranium-Producing Project With China

Aug 23, 2011 at 18:57 | Joao Peixe

Last December Uzbekistan announced a program to attract $50 billion in direct foreign investment (FDI) into Uzbekistan within the next five years. Now Uzbekistan is seeking Chinese investment in the…

Ghana's Gas Industry Nationalization Affecting LPG Supply

Ghana's Gas Industry Nationalization Affecting LPG Supply

Aug 23, 2011 at 18:56 | Charles Kennedy

According to Ghana’s Alliance for Accountable Governance (AFAG), monopoly and nationalization in the country’s natural gas industry are responsible for the persistent shortages of liquefied petroleum gas in the country.…

OPEC States that Venezuela has World’s Largest Oil Reserves

OPEC States that Venezuela has World’s Largest Oil Reserves

Aug 18, 2011 at 19:02 | Joao Peixe

The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela has world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. Oil production…

South Korea and Russia Discussions Progress on Natural Gas Pipeline

South Korea and Russia Discussions Progress on Natural Gas Pipeline

Aug 18, 2011 at 19:00 | Joao Peixe

In light of Pyongyang provisionally green-lighting the project, South Korea and Russia will discuss a natural gas pipeline transiting North Korea later this month. South Korean Foreign Ministry spokesman Cho…

Chile Approves Controversial Massive Coal Mining Project

Chile Approves Controversial Massive Coal Mining Project

Aug 18, 2011 at 18:27 | Charles Kennedy

A Chilean high-level government commission has given final approval to the first of five mines, Mina Invierno, at Isla Riesco in the extreme south of Chile. The $530 million Isla…

Vietnamese Five-Year Plan Envisages Dynamic Growth for PetroVietnam

Vietnamese Five-Year Plan Envisages Dynamic Growth for PetroVietnam

Aug 18, 2011 at 18:26 | Charles Kennedy

Vietnamese Prime Minister Nguyen Tan Dung has approved a new national Five-Year Plan emphasizing PetroVietnam increased production. The new governmental dictates provide for the state-owned Vietnam Oil and Gas Group…

India, Iceland Jointly Explore Geothermal Energy

India, Iceland Jointly Explore Geothermal Energy

Aug 18, 2011 at 18:24 | Joao Peixe

Due to Iceland’s unique geology, which includes a high concentration of volcanoes, five major geothermal power plants produce approximately 26.2 percent of the nation's energy, while geothermal heating provides for…

Pakistan’s President Confident They Can Solve Endemic Energy Crisis

Pakistan’s President Confident They Can Solve Endemic Energy Crisis

Aug 17, 2011 at 19:17 | Joao Peixe

During independence celebrations on 14 August, Pakistani President Asif Zadari stated that his Pakistan People's Party government is determined to make Pakistan a strong, self-sufficient and prosperous state to ensure…

Australia’s Proposed Coal-Seam Natural Gas Mining Controversial

Australia’s Proposed Coal-Seam Natural Gas Mining Controversial

Aug 17, 2011 at 19:14 | Charles Kennedy

West Australian Premier Colin Barnett stated that the territory’s proposed coal-seam natural gas mining will be one of Australia’s biggest environmental potential threats and supported the necessity of mining companies…

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…

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