News

Aug 18, 2011 at 18:27 | Charles Kennedy

A Chilean high-level government commission has given final approval to the first of five mines, Mina Invierno, at Isla Riesco in the extreme south of Chile. The $530 million Isla…

Aug 18, 2011 at 18:26 | Charles Kennedy

Vietnamese Prime Minister Nguyen Tan Dung has approved a new national Five-Year Plan emphasizing PetroVietnam increased production. The new governmental dictates provide for the state-owned Vietnam Oil and Gas Group…

Aug 18, 2011 at 18:24 | Joao Peixe

Due to Iceland’s unique geology, which includes a high concentration of volcanoes, five major geothermal power plants produce approximately 26.2 percent of the nation's energy, while geothermal heating provides for…

Aug 17, 2011 at 19:17 | Joao Peixe

During independence celebrations on 14 August, Pakistani President Asif Zadari stated that his Pakistan People's Party government is determined to make Pakistan a strong, self-sufficient and prosperous state to ensure…

Aug 17, 2011 at 19:14 | Charles Kennedy

West Australian Premier Colin Barnett stated that the territory’s proposed coal-seam natural gas mining will be one of Australia’s biggest environmental potential threats and supported the necessity of mining companies…

Aug 17, 2011 at 18:18 | Charles Kennedy

Dubai’s Supreme Council of Energy, the government entity setting energy policy, has announced that utility tariffs would remain at current levels for the next several years.The decision, which includes…

Aug 17, 2011 at 18:17 | Joao Peixe

Texas-based Noble Energy is actively seeking to develop Israel’s offshore Mediterranean  natural gas reserves. Noble Energy Chief Operating Officer Dave Stover stated that the company will solicit proposals from…

Aug 17, 2011 at 18:16 | Joao Peixe

While Tucson Electric Power Co. focuses on bringing additional large utility-scale solar projects online, advocates of solar energy are decrying TEP efforts to cut significantly funding for solar-energy systems installed…

Aug 17, 2011 at 14:53 | John Daly

Former CIA head John Deutch has been chairing U.S. Department of Energy Secretary Stephen Chu’s advisory group on hydraulic fracturing, more frequently referred to as “fracking.” Since leaving the CIA,…

Aug 16, 2011 at 18:18 | Charles Kennedy

Adelaide-based Beach Energy reported that, based on data from its first two shale gas wells in the onshore Cooper Basin, it had estimated its field to contain 2 trillion cubic…

Aug 16, 2011 at 18:17 | Charles Kennedy

Seeking to secure reliable supplies of rare earths for the country's growing industrial demand, South Korea is negotiating to open concessions in South African mines. South Korea’s Ministry of…

Aug 16, 2011 at 18:11 | Joao Peixe

Following a meeting of the Russian-Turkmen intergovernmental commission for economic cooperation in Avaz on the Turkmen Caspian coast the two giant natural gas exporters agreed to increase their energy cooperation.

Aug 16, 2011 at 18:10 | Joao Peixe

Mongolia, which is forced to import virtually all of its refined oil products and frequently faces chronic fuel shortages, is to begin building an oil refinery early next year in…

Aug 16, 2011 at 18:08 | Charles Kennedy

While China remains the dominant investor in acquiring Southeast Asian energy assets, Australia has begun to compete with Chinese dominance. Australia's Otto Energy Ltd. has bought the entire 68.62 percent…

Aug 15, 2011 at 19:21 | Charles Kennedy

On 10 August Secretary of the Army John McHugh announced the creation of a new Energy Initiatives Office Task Force, whose purpose is to assist the Army face challenges arising…

Aug 15, 2011 at 19:20 | Joao Peixe

Despite Iran’s eagerness to supply customers, Iranian oil sales this year have dropped to 18.5 million tons from last year’s exports of 21 million tons. Factors causing the decline include…

Aug 15, 2011 at 19:19 | Charles Kennedy

Australia’s federal government is considering introducing, possibly next year, mandatory energy star ratings for homes being sold or rented. Under the proposed system as currently envisaged, sellers and landlords would…

Aug 15, 2011 at 19:18 | Joao Peixe

Duke Energy has announced its intention to build a large-scale wind farm in Willacy County. When the 200-megawatt facility comes online, it will generate enough electricity to power roughly 60,000…

Aug 14, 2011 at 10:10 | Joao Peixe

Turkey’s Ministry of Energy’s nine-item solar energy action plan, covering 27 of the country’s provinces, includes eventual investments topping $2.8 billion, and published the plan in the Official Gazette. 

Aug 14, 2011 at 10:09 | Joao Peixe

The Japanese Bank for International Corporation and the Sumitomo Mitsui Banking Cooperation are providing a $95 million loan Vietnam National Oil and Gas Group (PetroVietnam) to build the Vung Ang…