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News

Bangladesh Awards Gas Compressors Work to Russia’s Gazprom

Bangladesh Awards Gas Compressors Work to Russia’s Gazprom

Jul 30, 2011 at 09:01 | Charles Kennedy

Bangladeshi Prime Minister Sheikh Hasina has approved a proposal of Petrobangla to award the contract for installation of two gas compressors directly to Gazprom despite local firms also bidding on…

Kenya’s Consumers Soon to be Forced to Use Solar Energy

Kenya’s Consumers Soon to be Forced to Use Solar Energy

Jul 28, 2011 at 21:02 | Charles Kennedy

According to Kenya’s Energy Regulatory Commission (ERC), heavy domestic and industrial consumers of electricity will soon be required to use solar energy to heat water. The policy is meant…

EBRD Gives Ukraine Additional $100 Million for Chernobyl Work

EBRD Gives Ukraine Additional $100 Million for Chernobyl Work

Jul 28, 2011 at 21:01 | Charles Kennedy

In an eerie reminder of the ongoing cost of nuclear disasters in the wake on the 11 March Fukushima debacle in Japan, the European Bank for Reconstruction and Development has…

Shell Defends Sale of Nigeria Oil Blocs as Legal

Shell Defends Sale of Nigeria Oil Blocs as Legal

Jul 28, 2011 at 20:23 | Joao Peixe

Shell Petroleum Development Company of Nigeria Ltd (SPDC) has defended its decision to divest itself of some of its equity in oil concessions in Nigeria’s contentious Niger Delta region. SPDC…

Chinese Companies Compete for Power Plant Contracts in Poland

Chinese Companies Compete for Power Plant Contracts in Poland

Jul 28, 2011 at 20:22 | Joao Peixe

As if any proof is need of rising Chinese economic power in Europe, Chinese companies are now bidding for power plant contracts in Poland. During the Cold War and…

IMF Unhappy with Romania's State-Owned Companies Management

IMF Unhappy with Romania's State-Owned Companies Management

Jul 28, 2011 at 20:21 | Charles Kennedy

The sluggish reforms in Romania’s state-owned and run companies have raised tensions with one of the country’s main international financiers, the International Monetary Fund.Following a meeting with a visiting…

Nigeria, Iran Battle for OPEC's No.2 Position

Nigeria, Iran Battle for OPEC's No.2 Position

Jul 27, 2011 at 22:52 | Charles Kennedy

Iran retains its position as the second-largest producer in the Organization of Petroleum Exporting Countries, despite a recent OPEC report that Nigeria moved from the organization’s third to second place,…

Rwanda to Privatize Methane Gas Plant

Rwanda to Privatize Methane Gas Plant

Jul 27, 2011 at 22:51 | Charles Kennedy

Rwanda’s government is negotiating with an Israeli firm to lease its pilot methane plant on Lake Kivu in western Rwanda in an effort to increase the plant's electricity production capacity.…

Colombian Oil Workers Disrupt Production, Army Sent In

Colombian Oil Workers Disrupt Production, Army Sent In

Jul 27, 2011 at 22:48 | Joao Peixe

Striking Colombian oil workers last week disrupted production at Canadian Pacific Rubiales Energy Oil Company’s Campo Rubiales facility. The company estimates that production losses have amounted to 177,000 barrels of…

Romania's Attempt to Sell Minority Stock in Petrom Fails

Romania's Attempt to Sell Minority Stock in Petrom Fails

Jul 27, 2011 at 22:47 | Joao Peixe

Romanian President Traian Basescu believes that the government’s recent failed attempt to sell a minority stake in the Petrom oil corporation via a secondary offering, while disappointing, underlined that Romania…

Vietnam’s Prime Minister Approves 10-year National Power Plan

Vietnam’s Prime Minister Approves 10-year National Power Plan

Jul 27, 2011 at 22:46 | Charles Kennedy

Vietnamese Prime Minister Nguyen Tan Dung has approved an ambitious decade-long national power development plan that will attempt to boost Vietnam’s power production to 330 billion kilowatts by 2020. Under…

Mexico’s Pemex Now Third Largest Stock Holder in Repsol

Mexico’s Pemex Now Third Largest Stock Holder in Repsol

Jul 26, 2011 at 21:16 | Charles Kennedy

Mexico's Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, recently bought 825,150 shares in Spain’s Repsol YPF, S.A., increasing its stake in the Spanish company to 5 percent.…

Kenya to Begin Power Rationing on 27 July

Kenya to Begin Power Rationing on 27 July

Jul 26, 2011 at 21:15 | Joao Peixe

East Africa's drought has brought down water levels at Kenya's power dams, forcing power companies to ration it. Nairobi, the Rift Valley, and western Kenya will see the worst blackouts.…

Poland Still Supports Ukraine’s Oil Pipeline

Poland Still Supports Ukraine’s Oil Pipeline

Jul 26, 2011 at 19:36 | Joao Peixe

During a visit to Azerbaijan Polish President Bronislaw Komorowski declared that the Odessa-Brody-Gdansk crude oil pipeline project was still realistic while Azeri President Ilhman Aliyev said that Azerbaijan had gas…

Deal Signed for Vietnam’s Mong Duong Power Plant

Deal Signed for Vietnam’s Mong Duong Power Plant

Jul 26, 2011 at 19:35 | Joao Peixe

The US-invested developer of the $2.1-billion Mong Duong 2 thermal power plant in the northern province of Quang Ninh has signed an adjusted build-operate-transfer contract with Vietnam’s Ministry of Industry…

Tajikistan to Export Electricity to Afghanistan

Tajikistan to Export Electricity to Afghanistan

Jul 26, 2011 at 19:34 | Charles Kennedy

According to Tajik first deputy minister of energy and industry Pulod Muhiddinov, next month Tajikistan will begin exporting electricity to Afghanistan via the Sangtuda-Pol-e Khomri 220-kilovolt electricity transmission line. Muhiddinov…

Vietnam Considers Wind Power

Vietnam Considers Wind Power

Jul 25, 2011 at 20:09 | Joao Peixe

While Vietnam is a rising exporter of hydrocarbons, government authorities are increasingly interested in increasingly the country’s investments in renewable power sources. According to World Bank research, 8.6 percent…

Chinese Imports of Iranian Petroleum Products Soar

Chinese Imports of Iranian Petroleum Products Soar

Jul 25, 2011 at 20:08 | Joao Peixe

Chinese imports of Iranian oil jumped 53 percent in June over the previous month, according to the General Administration of Customs of the People's Republic of China. China’s oil…

West African Nations Work to Resolve Energy Issues

West African Nations Work to Resolve Energy Issues

Jul 25, 2011 at 19:18 | Charles Kennedy

In order to resolve the region’s endemic energy shortages, the Mono River Union (MRU) countries are meeting to attempt to resolve their differences. The Mano River Union (MRU) is an…

Slovenia Disputes Italian Proposal for Offshore Gas Terminal

Slovenia Disputes Italian Proposal for Offshore Gas Terminal

Jul 25, 2011 at 18:20 | Charles Kennedy

A major dispute is brewing between Rome and Ljubljana over Italy's recent decision to approve plans for an offshore gas terminal near its border with Slovenia. Slovenian politicians are…

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