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Rystad: Low Prices To Send Oil Services Market Into Recession

Rystad: Low Prices To Send Oil Services Market Into Recession

Following three consecutive years of…

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

The United States briefly overtook…

Has Bolton’s Firing Burst The Oil Price Bubble?

Has Bolton’s Firing Burst The Oil Price Bubble?

Oil prices fell significantly on…

News

South Korea Buys Share in Jamaican Electricity Company

South Korea Buys Share in Jamaican Electricity Company

Jul 21, 2011 at 18:49 | Joao Peixe

Underlining South Korea’s global energy interests, Seoul based Korea East-West Power Company Limited has negotiated a deal with the Jamaica government, which has given the green light to the decision…

Australian Coal of Africa Beginning South African Operations

Australian Coal of Africa Beginning South African Operations

Jul 21, 2011 at 18:47 | Charles Kennedy

Australian Coal of Africa, (CoAL), is due to resume production at its Vele Colliery project in Limpopo. Briefing journalists in Pretoria, South Africa’s Department of Environmental Affairs Department Deputy Director-General…

Paraguay, Argentina Dispute Over Shared Hydroelectric Facility

Paraguay, Argentina Dispute Over Shared Hydroelectric Facility

Jul 20, 2011 at 21:24 | Joao Peixe

Paraguay and Argentina share interests in the Yacyretá hydroelectric dam. The tariffs for the power generated by the facility have now become an issue of contention, with Alfonso González Nuñez,…

South Korea, Malaysia Discuss Nuclear Energy Cooperation

South Korea, Malaysia Discuss Nuclear Energy Cooperation

Jul 20, 2011 at 21:23 | Charles Kennedy

South Korea's presidential office said in a press release that South Korean President Lee Myung-bak during a two-day state visit by Malaysian King Mizan Zainal Abidin discussed enhancing cooperation between…

Iran’s Southern Regions Producing 3 million Barrels of Oil Per Day

Iran’s Southern Regions Producing 3 million Barrels of Oil Per Day

Jul 20, 2011 at 20:22 | Charles Kennedy

Iran is currently the second largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC), exceeded only by Saudi Arabia. According to National Iranian South Oil Company executive director…

Iran’s Relations with China Allow Bypassing UN Sanctions

Iran’s Relations with China Allow Bypassing UN Sanctions

Jul 20, 2011 at 20:21 | Charles Kennedy

China’s deepening relationship with Iran has significant international repercussions. The two countries’ diplomats have recently signed a number of agreements on increasing trade turnover and investments, which include expanding Iranian…

Oil Industry Workers See Foreign Influence Over Failure of Oil Bill

Oil Industry Workers See Foreign Influence Over Failure of Oil Bill

Jul 20, 2011 at 20:20 | Joao Peixe

Nigeria’s National Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the influence of multinational oil companies for the failure of the Petroleum Industry Bill (PIB) in the National…

Uganda’s Oil Potential Arouses International Interest

Uganda’s Oil Potential Arouses International Interest

Jul 19, 2011 at 21:03 | Charles Kennedy

The French Ambassador to Uganda has said that the exploration for oil in the country is a key opportunity for Uganda’s government to press ahead with its development agendas. Speaking…

Burma, China Ignoring Environmental Warnings for Dam

Burma, China Ignoring Environmental Warnings for Dam

Jul 19, 2011 at 21:00 | Joao Peixe

The hugely controversial Myitsone dam in northern Burma, currently under construction by the China Power Investment Corporation, was the subject of a 2009 internal report by the company, which called…

India to Increase Investments in South African Energy Assets

India to Increase Investments in South African Energy Assets

Jul 19, 2011 at 20:56 | Charles Kennedy

India, which already imports massive amounts of coal from South Africa, is seeking to deepen its trading ties with Africa’s most advanced economy. India’s interest is not limited to massive…


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