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News

Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom

Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom

Oct 10, 2011 at 18:24 | Joao Peixe

Indonesian Atlas Resources is readying a $167 million initial public offering to help finance building supporting infrastructure in its Sumatra coal mining hubs in Muba and Oku. Indonesian Atlas Resources…

China National Offshore Oil Corp. Likely to Miss 2011 Targets

China National Offshore Oil Corp. Likely to Miss 2011 Targets

Oct 10, 2011 at 18:23 | Joao Peixe

A Sanford C. Bernstein and Co. report has stated that China National Offshore Oil Corp., China’s top offshore oil producer, is likely to miss 2011 output targets. The report notes…

Chilean Hydroelectric Dam Project to be Appealed to Supreme Court

Chilean Hydroelectric Dam Project to be Appealed to Supreme Court

Oct 10, 2011 at 18:22 | Charles Kennedy

The controversial $10 billion Patagonian HidroAysen hydroelectric mega-dam approved in May by the Chilean government has recently had a Chilean appeals court in Puerto Montt vote 3 to 1 to…

Vietnam Hosts Renewable Energy Fair

Vietnam Hosts Renewable Energy Fair

Oct 10, 2011 at 18:20 | Joao Peixe

Speaking at a renewable energy fair in the Vietnamese capital Hanoi, Vietnam’s National Agency for Science and Technology Information Deputy head Le Thi Khanh Van told journalists that modern technology,…

Uruguay Could Have Significant Recoverable Natural Gas Reserves

Uruguay Could Have Significant Recoverable Natural Gas Reserves

Oct 08, 2011 at 08:54 | Joao Peixe

According to recent reports published by the U.S. Energy Information Agency, Uruguay could have recoverable natural gas reserves as high as 588 billion cubic meters, which would give it the…

Iraq to Construct Two New Refineries to Meet Domestic Need

Iraq to Construct Two New Refineries to Meet Domestic Need

Oct 08, 2011 at 08:53 | Charles Kennedy

Iraqi Oil Ministry, anxious to reduce the country's dependence on imported foreign oil refined products, intends to build two new refineries in the provinces of Karbala and Missan. The Karbala…

Jordan Approves Oil Shale Extraction Agreement with British Firm

Jordan Approves Oil Shale Extraction Agreement with British Firm

Oct 08, 2011 at 08:52 | Charles Kennedy

According to a statement from the UK embassy in Amman, the Jordanian government has given formal approval to an agreement signed in March for British company Jordan Energy and Mining…

Burmese Activists Seek Suspension of Chinese Natgas Pipeline Project

Burmese Activists Seek Suspension of Chinese Natgas Pipeline Project

Oct 08, 2011 at 08:51 | Joao Peixe

Following newly elected Burmese President Thein Sein’s decision to halt the Myitsone dam hydroelectric project on the Irrawaddy River, Burmese activists now want him to shelve the $1.5 billion Shwe…

Egypt Predicts New Israel Natural Gas Deal Shortly

Egypt Predicts New Israel Natural Gas Deal Shortly

Oct 06, 2011 at 19:32 | Joao Peixe

Egyptian Petroleum Minister Abdullah Ghorab said that his country will soon finish drafting a new contract for natural gas exports to Israel, adding that the new contract will include a…

Turkey to Continue Prospecting for Natural Gas off Northern Cyprus

Turkey to Continue Prospecting for Natural Gas off Northern Cyprus

Oct 06, 2011 at 19:31 | Charles Kennedy

The Turkish Piri Reis exploration vessel will continue its seismic research efforts off southern Cyprus, according to a Turkish official speaking on condition of anonymity. The Piri Reis has partially…

Spain Concerned it Might Lose Control of its Largest Oil Company

Spain Concerned it Might Lose Control of its Largest Oil Company

Oct 06, 2011 at 19:29 | Joao Peixe

Spain’s government is concerned that Repsol-YPF, Spain’s largest oil company could revert to foreign ownership. Madrid’s concerns have been heightened by recent international market trades that have resulted in 30…

Bulgarian Energy Minister Discusses Kazakh Energy Exports to Europe

Bulgarian Energy Minister Discusses Kazakh Energy Exports to Europe

Oct 06, 2011 at 19:28 | Charles Kennedy

Kairgeldy Kabyldin, president of Kazakhstan's oil and gas company KazMunaiGas discussed increasing Kazakh energy exports to Europe with Bulgarian Energy Minister Traycho Traykov during the latter’s visit to the Kazakh…

Nigeria: Rethinking the Atomic Power Project

Nigeria: Rethinking the Atomic Power Project

Oct 06, 2011 at 19:27 | Charles Kennedy

Despite the 11 March nuclear debacle at Japan’s Fukushima nuclear power complex, Nigeria is determined to press forward with its nuclear power agenda. On 15 September Nigerian President Goodluck Jonathan…

Fukushima Nuclear Plant has 38-Hour Margin for Meltdown

Fukushima Nuclear Plant has 38-Hour Margin for Meltdown

Oct 05, 2011 at 18:18 | Joao Peixe

The Tokyo Electric Power Co., still coping with the aftermath of the 11 March earthquake and tsunami that damaged its six-reactor Fukushima nuclear power complex, announced that if the water…

Nabucco Consortium Bids for New Azeri Natural Gas Production

Nabucco Consortium Bids for New Azeri Natural Gas Production

Oct 05, 2011 at 18:16 | Charles Kennedy

Nabucco Gas Pipeline International GmbH has submitted a comprehensive transportation proposal to the consortium developing Stage 2 of Azerbaijan’s offshore Caspian Shah Deniz natural gas field. Nabucco Gas Pipeline International…

Uganda’s Power Plants to Come Online by the End of the Year

Uganda’s Power Plants to Come Online by the End of the Year

Oct 05, 2011 at 18:14 | Charles Kennedy

In a significant development alleviating some of East Africa’s chronic electricity shortages, the 250 megawatt Bujagali Hydropower plant will bring its first 50 megawatt unit online in November, and the…

Shell Declares Force Majeure After Singapore Refinery Fire

Shell Declares Force Majeure After Singapore Refinery Fire

Oct 05, 2011 at 18:13 | Joao Peixe

In the wake of a massive inferno at its Singapore Pulau Bukom refinery, which processes 500,000 barrels a day, Shell declared force majeure, allowing it to void some of its…

Atomic Energy Agency to Help Vietnam Develop Nuclear Power

Atomic Energy Agency to Help Vietnam Develop Nuclear Power

Oct 05, 2011 at 18:12 | Charles Kennedy

International Atomic Energy Agency Director General Yukiya Amano told journalists that nuclear energy is not solely for advanced countries but also developing countries like Vietnam, which can implement and apply…

China to Cooperate with Iran in Building Wind, Solar Power Facilities

China to Cooperate with Iran in Building Wind, Solar Power Facilities

Oct 04, 2011 at 18:06 | Joao Peixe

The Deputy Governor-general of China's Hebei province Zhang Qingwei, following a meeting with the Governor-general of Iran's East Azerbaijan province Alireza Beigi, said that China was interested in joint venture…

Study of Wave Power as a Renewable Energy Source

Study of Wave Power as a Renewable Energy Source

Oct 04, 2011 at 18:04 | Joao Peixe

Japan’s 11 March nuclear debacle at Tokyo Electric Power Co.’s Fukushima six reactor complex has renewed Japan’s interest in alternative power sources. As an energy-poor nation, Tokyo is now re-examining…

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