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News

Argentinean Falklands Offshore Oil Exploration Well Comes Up Dry

Argentinean Falklands Offshore Oil Exploration Well Comes Up Dry

Jul 10, 2011 at 11:23 | Charles Kennedy

The Falkland Islands are a windswept archipelago in the southern Atlantic, about 250 nautical miles (290 mi; 460 km) from the coast of mainland South America, claimed by both Britain…

Iran Criticizes Saudi Oil Production Boost, Warns of Price War

Iran Criticizes Saudi Oil Production Boost, Warns of Price War

Jul 08, 2011 at 19:44 | Joao Peixe

Relations between Saudi Arabia and the Islamic Republic of Iran have been stressful ever since the latter’s 1979 revolution. The tension extends into the pair’s working relationship within the Organization…

India Finalizes Nuclear Liability Law

India Finalizes Nuclear Liability Law

Jul 08, 2011 at 19:40 | Charles Kennedy

In a move that could expand India’s civilian nuclear power sector by opening up access to foreign suppliers, India’s government has put the finishing touches on its long-awaited legislation for…

Surging Vietnamese Oil Production Causing Tension with China

Surging Vietnamese Oil Production Causing Tension with China

Jul 07, 2011 at 20:42 | Joao Peixe

Despite territorial disputes with China over sovereignty in the South China Sea, Vietnam is pressing forward to develop offshore areas  it claims lie completely within is 200-mile Exclusive Economic Zone…

Russian Envoy Tells Zimbabwe’s Mugabe, You’ve Got a Friend

Russian Envoy Tells Zimbabwe’s Mugabe, You’ve Got a Friend

Jul 07, 2011 at 20:29 | Charles Kennedy

A top Russian government official is visiting Zimbabwe, the first high profile visit in nearly a decade. Mikhail Margelov, Russian President Dmitrii Medvedev’s special envoy, met Zimbabwean President Robert Mugabe…

Virgin Australia to Experiment with Eucalyptus Oil as Biofuel

Virgin Australia to Experiment with Eucalyptus Oil as Biofuel

Jul 07, 2011 at 19:13 | Charles Kennedy

The race to develop commercially viable biofuels for the aviation industry has been everything from algae to coconut oil proposed as potential feedstocks. Now Virgin Australia, proudly flying the nationalist…

France Finances Ethiopian Power Transmission Line to Kenya

France Finances Ethiopian Power Transmission Line to Kenya

Jul 07, 2011 at 19:03 | Joao Peixe

France has provided Ethiopia with a $101.5 million grant to build a power transmission line to Kenya. The grant is part of a $488.7 million loans and grants package that…

Russia Offers to Further Increase Energy Supplies to Japan

Russia Offers to Further Increase Energy Supplies to Japan

Jul 07, 2011 at 18:48 | Charles Kennedy

In the wake of the 11 March Fukushima Dai-Ichi tragedy, Japan has had to make some major changes to its power distribution grid and supplies, as the stricken reactor complex…

Energy Issues Cause Pakistan to Reconsider Ties to U.S.

Energy Issues Cause Pakistan to Reconsider Ties to U.S.

Jul 06, 2011 at 20:40 | Charles Kennedy

Pakistan’s chronic energy shortages have combined with widespread perceptions that Washington is more interested in pursuing its anti-terror agenda than assisting the country financially, causing many leading figures to question…

National Iranian Oil Company Assets Worth Nearly $200 billion

National Iranian Oil Company Assets Worth Nearly $200 billion

Jul 06, 2011 at 20:17 | Charles Kennedy

State energy statistics in the Islamic Republic of Iran are closely guarded state secrets.Deputy Oil Minister Mohsen Khojasteh-Mehr has told the Iranian media that "Currently, the total value of…

China Moves to Acquire Stake in Mongolia’s Biggest Coal Project

China Moves to Acquire Stake in Mongolia’s Biggest Coal Project

Jul 06, 2011 at 19:54 | Joao Peixe

Mongolia has historically remained within Russia’s sphere of influence, except for it southern regions, now incorporated into the People’s Republic of China as “Inner Mongolia.” Now Beijing’s cash is allowing…

Energy Issues Help Propel Belarus Economy to Verge of Collapse

Energy Issues Help Propel Belarus Economy to Verge of Collapse

Jul 06, 2011 at 19:20 | Joao Peixe

The dependence of the Belarus economy on Russian imports of oil and natural gas, combined with a negative foreign trade balance and unreconstructed Soviet-era economy emphasizing heavy industry are slowly…

Russian Privatization Policies Intrigue Investors

Russian Privatization Policies Intrigue Investors

Jul 06, 2011 at 18:38 | Charles Kennedy

Russian Federation president Dmitrii Medvedev's aide Arkadi Dvorkovich stated at the annual investors' conference at the St. Petersburg Economic Forum, "Russia will no longer be building state capitalism, and relying…

Iran Threatens India Over Unpaid Energy Bills

Iran Threatens India Over Unpaid Energy Bills

Jul 05, 2011 at 21:29 | Charles Kennedy

India may be a rising economy but it is laggard in paying its energy bills and the Iran National Oil Company has given New Delhi a one month ultimatum to…

Saudi Journalist Says That Oil Shortages Will Topple Gaddafi

Saudi Journalist Says That Oil Shortages Will Topple Gaddafi

Jul 05, 2011 at 20:52 | Joao Peixe

The ongoing struggle between Libya’s beleaguered regime and its opponents may eventually be decided by the issue of the country’s petroleum reserves. Nearly all of Gaddafi's key allies have abandoned…

Uruguay Upset with Argentinean Energy Policy

Uruguay Upset with Argentinean Energy Policy

Jul 05, 2011 at 20:15 | Charles Kennedy

The Uruguayan government is upset with the administration of Argentinean President Cristina Fernandez because it has delayed authorization for Paraguayan electricity to transit Argentinean territory to energy-poor Uruguay. Montevideo will…

Greenpeace Battles Slovakian Government over Nuclear Power Plant

Greenpeace Battles Slovakian Government over Nuclear Power Plant

Jul 05, 2011 at 19:53 | Charles Kennedy

A major battle between Slovakia’s environmentalists and the government is emerging as Greenpeace charges that the country’s recently completed nuclear power plant at Mochovce in Nitra has in fact violated…

Pakistani Energy Shortages Creates Unemployment

Pakistani Energy Shortages Creates Unemployment

Jul 05, 2011 at 19:29 | Joao Peixe

Pakistan’s ongoing energy crisis is impacting the labor market, causing hundreds of thousands of people to lose their jobs. According to Samar Mubarakmand, a Science and Technology, Planning Commission member,…

Jordan Presses on to Build First Nuclear Power Plant

Jordan Presses on to Build First Nuclear Power Plant

Jul 04, 2011 at 20:35 | Charles Kennedy

Jordan’s economy has been heavily impacted by its need to import 96 percent of its energy needs, and so is pressing forward with a project to build the kingdom’s first…

France Expands Nuclear Capabilities by Opening a Nuclear Institute

France Expands Nuclear Capabilities by Opening a Nuclear Institute

Jul 04, 2011 at 20:06 | Charles Kennedy

Instead of abandoning nuclear power, France has opened a nuclear energy institute. France currently generates 78 percent of its electricity from nuclear power plants, the highest percentage in the world.…

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