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Will Namibia Become OPEC’s Newest Member?

Will Namibia Become OPEC’s Newest Member?

Namibia wants to join OPEC…

ING Chief Economist Calls for Further Rate Cuts in China

ING Chief Economist Calls for Further Rate Cuts in China

China's consumer inflation was lower…

Gold Surges Past S&P 500 in Five-Year Growth

Gold Surges Past S&P 500 in Five-Year Growth

Gold has outperformed the S&P…

News

Chilean Company Farming Algae for Future Production of Bio-Fuels

Chilean Company Farming Algae for Future Production of Bio-Fuels

Sep 30, 2011 at 03:46 | Charles Kennedy

BAL Chile SA is currently farming algae on Chiloé Island eventually to produce bio-fuels for industrial use. BAL Chile SA CEO Benjamin González said, “Within the next five years we…

Canada’s British Columbia Urged to Support Renewable Fuels Sector

Canada’s British Columbia Urged to Support Renewable Fuels Sector

Sep 29, 2011 at 03:58 | Charles Kennedy

Canada’s British Columbia’s environmentally friendly energy output is currently taxed at the same level as the fossil fuels they aim to replace. The province nevertheless is in the forefront of…

French Loan to Finance South African Eskom Wind Project

French Loan to Finance South African Eskom Wind Project

Sep 29, 2011 at 03:57 | Charles Kennedy

South Africa’s Eskom has secured a $100 million credit facility from French development finance group Agence Française de Développement for financing a wind power project. The loan will be used…

Iraq Interested in Turkish Electricity Imports, Expertise

Iraq Interested in Turkish Electricity Imports, Expertise

Sep 29, 2011 at 03:56 | Charles Kennedy

Iraq’s government is interested in Turkish cooperation to rehabilitate its war-hit electricity power generation network as well as possibly importing Turkish electricity imports. Turkish energy analysts emphasize that the nation…

Indonesia, Former OPEC Member Considers Nuclear Risks

Indonesia, Former OPEC Member Considers Nuclear Risks

Sep 29, 2011 at 03:55 | Joao Peixe

Indonesian Foreign Minister Marty M. Natalegawa had some trenchant observations to share during a recent ministerial meeting on "Fortifying Nuclear Safety and Security" at the UN in New York. Indonesia…

South Korean Consortium Investing in Romanian Nuclear Project

South Korean Consortium Investing in Romanian Nuclear Project

Sep 29, 2011 at 03:54 | Joao Peixe

South Korea’s nuclear industries are to build Romania’s Cernavoda reactors 3 and 4. According to the office of Romania’s Minister of Economy, Trade and Business Environment, Ion Ariton, “The representatives…

Nigeria Goal of 40,000 Megawatts Needs $10 Billion Annual Investment

Nigeria Goal of 40,000 Megawatts Needs $10 Billion Annual Investment

Sep 28, 2011 at 04:36 | Charles Kennedy

The Nigerian government says that in order to boost the country’s electrical output to 40,000 megawatts the country needs $10 billion in annual investment over next decade. In making…

Japanese Team to Visit India’s Upgraded Coal Fired Plant

Japanese Team to Visit India’s Upgraded Coal Fired Plant

Sep 28, 2011 at 04:34 | Joao Peixe

A team from Japan will shortly visit Andhra Pradesh’s Dr. Narla Tatarao Thermal Power Station in Ibrahimpatnam to study the possibility of augmenting the capacity of the plant’s 210-megawatt thermal…

Tajikistan, Afghanistan Agree on Tajik Electricity Supply

Tajikistan, Afghanistan Agree on Tajik Electricity Supply

Sep 28, 2011 at 04:33 | Charles Kennedy

Tajik and Afghan energy specialists have agreed on terms for supplying Tajik electricity across the Panj river to Afghanistan. According to the Tajik Ministry of Energy and Industry, the cost…

President Mugabe Says NATO Abusing UN Charter to Control Libyan Oil

President Mugabe Says NATO Abusing UN Charter to Control Libyan Oil

Sep 28, 2011 at 04:32 | Charles Kennedy

Zimbabwe’s President Robert Mugabe, speaking at the 66th session of the United Nations General Assembly, alleged that the North Atlantic Treaty Organization is abusing the United Nations Charter in order…

Bangladesh Losing Money From Oil-Based Power Generation

Bangladesh Losing Money From Oil-Based Power Generation

Sep 26, 2011 at 14:57 | Charles Kennedy

As Bangladesh’s government increasingly utilizes costly imported fuel oil for generating power, state-owned Bangladesh Power Development Board is facing mounting power bills for imported fuel. While natural gas generated…

Turkey’s Growing Ties with Iran Unsettle Washington

Turkey’s Growing Ties with Iran Unsettle Washington

Sep 26, 2011 at 14:56 | Joao Peixe

Turkey’s growing ties with Iran recently prompted Washington to dispatch senior U.S. Treasury official Roger Cohen to Ankara, who said, "As trade increases and financial ties expand, it runs counter…

Zimbabwe’s Government Issues 20 Coal Exploration Licenses

Zimbabwe’s Government Issues 20 Coal Exploration Licenses

Sep 26, 2011 at 14:55 | Charles Kennedy

Zimbabwe, which currently imports virtually all of its oil needs, averaging roughly 14,000 barrels per day, is seeking to expand its indigenous energy resources, particularly coal. Zimbabwe’s Mines and…

India’s Government Postpones ONGC's Follow-On Public Offering

India’s Government Postpones ONGC's Follow-On Public Offering

Sep 26, 2011 at 14:54 | Joao Peixe

India’s government has deferred its planned follow-on public offering (FPO) of the state-run Oil and Natural Gas Corporation (ONGC). No reason was given for the decision. In a statement to…

Philippines Invests in Geothermal Energy

Philippines Invests in Geothermal Energy

Sep 26, 2011 at 14:52 | Charles Kennedy

The Philippines’ PetroEnergy Resources Corp. has signed an energy sales agreement with partner Trans-Asia Oil and Energy Development Corp. to purchase electricity generated by the 20 megawatt Maibarara geothermal project,…

Iran, Pakistan to Press Forward with Natural Gas Pipeline

Iran, Pakistan to Press Forward with Natural Gas Pipeline

Sep 25, 2011 at 06:24 | Charles Kennedy

Iran's Ambassador to Pakistan Mashallah Shakeri told an Iranian news agency that his nation has already prepared the necessary infrastructure to begin natural gas exports to Pakistan, adding that Tehran…

India Rankled by Western Criticism over Carbon Emission Goals

India Rankled by Western Criticism over Carbon Emission Goals

Sep 25, 2011 at 06:23 | Joao Peixe

Citing a developed world’s unwillingness to transfer technology to developing nations to counter rising global greenhouse gas emissions, India has criticized Western foot dragging over the issue.  Indian…

Turkey Signs Oil Agreement with Turkish Republic of North Cyprus

Turkey Signs Oil Agreement with Turkish Republic of North Cyprus

Sep 25, 2011 at 06:21 | Joao Peixe

The eastern Mediterranean’s offshore potential oil and natural gas assets are becoming an increasing multinational issue, with disputes arising between Israel, Lebanon, turkey and the Republic of Cyprus about how…

Brazilian University Developing First Nuclear Engineering Course

Brazilian University Developing First Nuclear Engineering Course

Sep 25, 2011 at 06:17 | Joao Peixe

Betting on the country’s nuclear future, Brazil’s Escola Politecnica da Universidade de Sao Paulo (Polytechnic School of the University of Sao Paulo, or Poli-USP) of Brazil's Universidade de Sao Paulo…

Romania’s Nuclear Power Plant Experiencing Technical Issues

Romania’s Nuclear Power Plant Experiencing Technical Issues

Sep 25, 2011 at 06:16 | Charles Kennedy

Romanian government officials said that the country’s Cernavoda nuclear power plant second reactor unit was closed due to “technical” issues for 36 hours, starting the evening of 16 September. 

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