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News

New Natural Gas Deposit Discovered in Ukraine

New Natural Gas Deposit Discovered in Ukraine

Oct 15, 2011 at 11:43 | Charles Kennedy

Ukraine's Ukrhazvydobuvannya state-owned gas mining company, a subsidiary of the state run Naftohaz oil and gas company, has finished drilling the 3.7 mile deep exploration well Number 202 at the…

PetroVietnam’s Earnings Surge

PetroVietnam’s Earnings Surge

Oct 15, 2011 at 11:42 | Joao Peixe

State owned oil and natural gas company PetroVietnam saw its earnings surge for the period January-May of this year. PetroVietnam’s Deputy General Director Le Minh Hong said that the…

Ethiopia's Millennium Dam Not to Negatively Impact Egypt, Sudan

Ethiopia's Millennium Dam Not to Negatively Impact Egypt, Sudan

Oct 15, 2011 at 11:37 | Charles Kennedy

Ethiopian Minister of Water and Energy Alemayehu Tajno says that the country’s proposed Millennium Dam will not harm Egypt or Sudan Speaking to journalists on cooperation between Egypt and Ethiopia…

Iran to Develop Six New Persian Gulf Offshore Natural Gas Fields

Iran to Develop Six New Persian Gulf Offshore Natural Gas Fields

Oct 13, 2011 at 18:16 | Charles Kennedy

The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7…

Russia and China Close to Concluding a Natural Gas Supply Contract

Russia and China Close to Concluding a Natural Gas Supply Contract

Oct 13, 2011 at 18:15 | Joao Peixe

Summing up the results of Russian-Chinese negotiations in Beijing Russian Federation Prime Minister Vladimir Putin told journalists that the two nations were close to signing a major natural gas contract,…

Western Energy Firms Increase their Investment in Kenya

Western Energy Firms Increase their Investment in Kenya

Oct 13, 2011 at 18:10 | Charles Kennedy

Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African country’s energy potential increases. Underpinning the Western interest is the…

China’s Petrochemical Corp. Invests in Canada

China’s Petrochemical Corp. Invests in Canada

Oct 13, 2011 at 18:09 | Joao Peixe

China’s Petrochemical Corp., also known as the Sinopec Group, has agreed to buy Canadian oil and gas explorer Daylight Energy Ltd. for $2.1 billion. The Sinopec purchase is only…

Belarusian-Venezuelan Company Will Increase Oil Production in 2012

Belarusian-Venezuelan Company Will Increase Oil Production in 2012

Oct 13, 2011 at 18:08 | Charles Kennedy

Joint venture Belarusian-Venezuelan Petrolera BeloVenezolana company is stating that it will increase oil production in 2012. Petrolera BeloVenezolana was established in 2007. Belarusian state oil company Belarusnafta, which holds a…

Kenya Seeks Norwegian Energy Assistance

Kenya Seeks Norwegian Energy Assistance

Oct 12, 2011 at 18:45 | Joao Peixe

Kenyan Prime Minister Raila Odinga, visiting the Norwegian capital Oslo for a two day visit, is attending a conference organized by the Norwegian government and seeking partners for funding energy…

Nigerian Govt. Criticized Over Decision to End Fuel Subsidies

Nigerian Govt. Criticized Over Decision to End Fuel Subsidies

Oct 12, 2011 at 18:43 | Joao Peixe

Nigeria’s Institute of Public Relations criticized the government’s decision to end fuel subsidies for the populace, noting that many Nigerians live below poverty level and that the removal of the…

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