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EU Sanctions on Russia Face Legal Challenges

EU Sanctions on Russia Face Legal Challenges

The recent legal challenges to…

Oil Traders Hedge Geopolitical Risk With Record Options

Oil Traders Hedge Geopolitical Risk With Record Options

Call options are currently trading…

News

Is Beacon Power About to Follow Solyndra into Redundancy

Is Beacon Power About to Follow Solyndra into Redundancy

Oct 31, 2011 at 17:05 | Benzinga

According to the Boston Business Journal, Beacon Power (NASDAQ: BCON) may be about to go the same way as Solyndra despite receiving government funding. This represents another government-backed alternative energy…

Construction Begins in Pakistan on the World’s Highest Dam

Construction Begins in Pakistan on the World’s Highest Dam

Oct 22, 2011 at 09:19 | Charles Kennedy

Pakistani Prime Minister Syed Yusuf Raza Gilani has inaugurated construction of the country’s Diamer-Bhasha dam, the world’s highest, calling it the “lifeline” of Pakistan. The $12 billion facility is located…

Korea, France to Hold Seminar on Nuclear Power Promotion

Korea, France to Hold Seminar on Nuclear Power Promotion

Oct 22, 2011 at 09:18 | Joao Peixe

Seeking to quell legislators’ unease about nuclear power in the wake of Japan’s 11 March Fukushima nuclear catastrophe, on 21 October the Korea Nuclear Energy Promotion Agency will co-host with…

Iran to Ship Natural Gas to China Across Pakistan

Iran to Ship Natural Gas to China Across Pakistan

Oct 22, 2011 at 09:17 | Joao Peixe

Senior Iranian Oil Ministry officials have announced that they have reached agreement with the Pakistani government about shipping Iranian natural gas across Pakistan via pipelines to China. National Iranian Gas…

Iraqi Oil Ministry Signs Natural Gas Contract with South Korea's KOGAS

Iraqi Oil Ministry Signs Natural Gas Contract with South Korea's KOGAS

Oct 22, 2011 at 09:15 | Charles Kennedy

After nearly a year of protracted negotiations, the Iraqi Oil Ministry has concluded a contract with South Korea’s KOGAS company for the Akkas natural gas field in Anbar province. On…

Nigerian Activists Plan Worldwide Protest Over Electricity Shortages

Nigerian Activists Plan Worldwide Protest Over Electricity Shortages

Oct 22, 2011 at 09:14 | Charles Kennedy

The Nigerian Million March Project has announced its intention to organize peaceful marches in major cities around the world to call attention to the Nigerian government's failure to provide sufficient…

Mexico’s Pemex to Drill for Oil in Deep Waters of Gulf of Mexico

Mexico’s Pemex to Drill for Oil in Deep Waters of Gulf of Mexico

Oct 20, 2011 at 18:54 | Charles Kennedy

Mexico’s state owned Petroleos Mexicanos, also known as Pemex, intends to explore deep waters exploration in the Gulf of Mexico  In February 2012 Petroleos Mexicanos will begin drilling…

Ethiopian Court Sequesters Chinese Sinohydro Corp. Funds

Ethiopian Court Sequesters Chinese Sinohydro Corp. Funds

Oct 20, 2011 at 18:52 | Joao Peixe

Libya Oil Ethiopia Ltd., claiming unpaid money for fuel provided, has won a judgment from Ethiopia’s Federal High Court Eight Civil Bench to freeze $134,000 of China’s Sinohydro Corp. assets…

U.K. MOX Plant Closure to Cost Japanese Utilities Billions

U.K. MOX Plant Closure to Cost Japanese Utilities Billions

Oct 20, 2011 at 18:50 | Charles Kennedy

The closure of a plutonium-uranium mixed oxide, or MOX, fuel plant in Britain is set to cost Japan’s nuclear power industry billions of yen in revenue, according to industry insiders.

China's Sinohydro Corp. Soars in Stock Market IPO Debut

China's Sinohydro Corp. Soars in Stock Market IPO Debut

Oct 20, 2011 at 18:49 | Joao Peixe

China’s Sinohydro Corp. is a Chinese state-owned hydropower engineering and construction company and the world's largest hydroelectric company. On 18 October Sinohydro Corp. shares surged as much as 38…

Kenya and Saudi Arabia Deepen Energy Ties

Kenya and Saudi Arabia Deepen Energy Ties

Oct 19, 2011 at 18:11 | Joao Peixe

Saudi Arabia is one of the leading oil exporters to Kenya and seemingly unconcerned about recent oil finds there. Regarding the oil discoveries and their potential impact on Kenyan imports…

Spanish Wind Power Companies Distressed by Subsidy Cuts

Spanish Wind Power Companies Distressed by Subsidy Cuts

Oct 19, 2011 at 18:10 | Charles Kennedy

Spain’s Industry Ministry has upset the country’s burgeoning wind power sector by announcing that it intends to slash subsidies by 40 percent.  Wind power companies accuse the Ministry…

Mozambique, South Korea to Construct Solar Power Stations

Mozambique, South Korea to Construct Solar Power Stations

Oct 19, 2011 at 18:08 | Joao Peixe

The Mozambican and South Korean governments have signed two loan agreements totaling $60 million to underwrite both the establishment of an Emergency Information Management System and the building of three…

German Energy Company Resumes Joint Projects with Gazprom in Libya

German Energy Company Resumes Joint Projects with Gazprom in Libya

Oct 19, 2011 at 18:07 | Charles Kennedy

Germany's Wintershall Holding GMBH has restarted oil production in the Libyan desert in concessions 96 and 97, which it operates together with Russia's state owned natural gas company Gazprom, Wintershall…

Spain's Abengoa Corp. to Construct Bio-Ethanol Plant in Uruguay

Spain's Abengoa Corp. to Construct Bio-Ethanol Plant in Uruguay

Oct 19, 2011 at 18:06 | Charles Kennedy

Spain’s Abengoa Corp. announced that it will construct a bio-ethanol plant in Uruguay’s Paysandu department, for Alcoholes de Uruguay. The $120 million contract includes constructing an adjoining power cogeneration plant.…

Massive Natural Gas Discoveries in Northern Spain

Massive Natural Gas Discoveries in Northern Spain

Oct 18, 2011 at 18:14 | Charles Kennedy

Massive natural gas discoveries in northern Spain are reportedly sufficient to supply the country’s requirements for five years. Spain’s Basque regional premier Patxi Lopez says that surveys in Alava province…

German Investors Consider Renewable Energy in the Philippines

German Investors Consider Renewable Energy in the Philippines

Oct 18, 2011 at 18:13 | Joao Peixe

A Swiss-German investor conglomerate Thomas Lloyd Investments Group has expressed interest to invest in the Philippines’ in partnership with Bronzeoak Philippines in Negros Occidental, a province of the Philippines located…

Vietnam Requests Sri Lanka to Stop Offshore Oil Exploration

Vietnam Requests Sri Lanka to Stop Offshore Oil Exploration

Oct 18, 2011 at 18:12 | Joao Peixe

Vietnam has asked the Sri Lankan government for a block for oil and natural gas exploration activities in the Indian Ocean Mannar basin and expressed confidence that that Sri Lanka might accede…

First Biodiesel Plant Proposed for Schuylkill, Pennsylvania

First Biodiesel Plant Proposed for Schuylkill, Pennsylvania

Oct 18, 2011 at 18:11 | Joao Peixe

NAGSCO Corp., which is working with Liberty Oil, intends to construct its first biodiesel plant in Schuylkill County, to convert food waste oil into biodiesel fuel. The proposed facility is…

Kenyan Solar Power Projects Scarce Despite Potential

Kenyan Solar Power Projects Scarce Despite Potential

Oct 18, 2011 at 18:10 | Charles Kennedy

Kenyan solar power projects are designed to be available to individual consumers in rural areas, but funding remains scarce despite the market’s potential. Importing a finished solar pack capable of…

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