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| July 02, 2009 |
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cleaner, cheaper energy today |
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Big Oil seems to have Iraq over a barrel Baghdad (UPI) Jul 1, 2009 
The Iraqi government's much-touted award of major production contracts for international oil majors on June 29-30 turned out to be a big fizzle. There was barely any bidding for the six oil fields and two gas fields the Iraqis planned to open up for badly needed development. These contain some 43 billion of Iraq's 115 billion barrels of oil reserves. Only one contract was ... read moreChina takes ambitious oil acquisition strategy further 
Beijing (AFP) June 30, 2009China's government-backed oil companies are jostling with each other to make landmark overseas acquisitions, seizing on the economic crisis -- and accompanying low asset prices -- to grow. Asia's largest refiner, Sinopec, agreed to acquire Canadian company Addax Petroleum for 7.2 billion dollars in a deal announced last week, just days after PetroChina bought a 45.51 percent stake in ... more
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Trinidad to sell LNG to Jamaica
Port Of Spain, Trinidad And Tobago (UPI) Jun 30, 2009 Trinidad and Tobago's prime minister said he looked at the economic data and his country's reserves and decided now is the time to send Jamaica natural gas. Prime Minister Patrick Manning addressed T&T's House of Representatives last Wednesday on the country's economy and, more importantly, the difference between T&T's and other countries in the Caribbean. Things aren't as rosy ... more Nigeria's oil pollution stark example of resource curse: Amnesty 
Abuja (AFP) June 30, 2009The pollution caused by half a century of oil extraction in Nigeria is one of the world's most disturbing examples of the curse of natural resources, a global rights lobby group said Tuesday. Amnesty International said environmental pollution in Nigeria's southern oil region, the Niger Delta, had deprived tens of millions of people of their basic rights to safe food, clean water and good ... more Britain's BP, Chinese oil firm win Iraq deals 
Baghdad (AFP) June 30, 2009British energy giant BP and China's CNPC International Ltd were unveiled Tuesday as the first foreign firms in decades to win contracts to invest and develop in Iraq's war-battered energy sector. The companies succeeded in their bid for the giant Rumaila oil field in southern Iraq, which has known reserves of 17.7 billion barrels, the oil ministry announced. The contract was the first to ... more China hikes fuel prices again as cost of crude rises 
Shanghai (AFP) June 30, 2009China announced its second gasoline and diesel price hike in a month on Tuesday, raising fuel prices in Beijing to their highest level ever. The hike meant the average maximum price Chinese retailers were allowed to charge was now higher than the average paid by American motorists, triggering concerns about the impact on the economy. "It is uncertain how well it will do because a ... more |
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Milestone For Cleaner Coal Technology
Atlanta GA (SPX) Jun 29, 2009Marking a significant step forward in the use of cleaner coal technology to help meet the country's future energy requirements, the first major pieces of equipment have arrived at Duke Energy's Integrated Gasification Combined-Cycle (IGCC) plant in Edwardsport, Ind. Using GE IGCC technology, the plant is expected to be the largest cleaner coal IGCC facility of its type in the world when it is co ... more High Oil Prices Trigger Enhanced Investments By Latin American Countries 
Buenos Aires, Argentina (SPX) Jun 29, 2009Oil prices have been soaring since 2003. In 2008, oil prices went up as high as $100, showing the vulnerability of nonproducing countries to dependency of the imports of crude. This situation forced Latin American nonproducing countries to reorient its investments towards the renewable energies, with the purpose of diversifying its energy matrices. The situation was different for producing ... more In bid to go green, U.S. can look to Danes 
Copenhagen, Denmark (UPI) Jun 26, 2009 In its bid to boost the share of renewables to a quarter of the U.S. energy mix, Washington can look to Denmark as an example of how to integrate fluctuating green energy sources. The Middelgrunden wind park, a curved row of 20 2-MW Siemens turbines, is the world's first profitable offshore wind park. Owned and operated by Denmark's Dong Energy and a consortium of 8,600 private sharehol ... more Venezuela to borrow to pay oil debts 
Caracas, Venezuela (UPI) Jun 26, 2009 Venezuelan Oil Minister Rafael Ramirez' announcement that the state will borrow more money to help pay off national oil company debts follows the disclosure by President Hugo Chavez of a letter urging Moscow to cooperate in selling oil at $100 a barrel. State petroleum company Petroleos de Venezuela has run up billions of dollars in debts to contractors since global oil prices began ... more |
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