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 Lagos (AFP) Nov 6, 2009 
China has dangled a near open cheque book to Africa's major oil producers in a bid to guarantee supplies for decades to come.
It has offered 30 billion dollars to Nigeria and is negotiating for stakes in oil fields in Ghana and Angola and companies that exploit the fields throughout Africa.
China's thirst for oil is expected to be a major topic at the Forum on China-Africa Cooperation ... read more
Barcelona (AFP) Nov 5, 2009Germany, Mexico and the United States have crafted some of the world's smartest policies for improving energy use, according to a study released on Thursday on the sidelines of the UN climate talks here. Making buildings more energy-efficient and providing tax breaks and tariff guarantees for renewable sources topped the "green new deal" policies scrutinised by two environment groups. ... more
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Baghdad (AFP) Nov 5, 2009Exxon Mobil on Thursday became the first US company to win a contract since Iraq's oil industry was nationalised almost 40 years ago, further expanding the role of foreign nations in the industry. The contract to develop West Qurna 1, the war-torn country's second largest field, will boost its production more than eight-fold to 2.325 million barrels per day (bpd), said Oil Minister Hussein ... more  
Geneva (AFP) Nov 6, 2009Solar Impulse, the Swiss bid to make the first solar-powered flight around the world, rolled out its prototype on Friday at an airbase near Zurich and powered up the engines. All four sun-fuelled electric motors were switched on for the first time under open skies after the completed high-tech plane was pushed out of the hangar. "With its engines running at full power, it gave the impres ... more 
Baghdad (UPI) Nov 5, 2009 The Iraqi government's hardball tactics with oil majors demanding a bigger slice of the profits from taking over the country's rundown oil fields are paying off. Big Oil has caved in and is now meekly accepting the same 20-year deal the companies rejected at a June auction, the first such event in Iraq in nearly 40 years, because the prospect of Iraq's vast untapped reserves was just t ... more |
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Tokyo (UPI) Nov 5, 2009 The Asia-Pacific region needs to invest between $7 trillion and $9.7 trillion in the energy sector between 2005 and 2030 to meet the rapidly growing demand for energy, according to a report by the Asian Development Bank. Regional energy demand is projected to grow 2.4 percent annually over the next 20 years, outpacing the world average of 1.5 percent, states the ADB report, "Energy Outl ... more  
Paris (AFP) Nov 5, 2009French Prime Minister Francois Fillon insisted on Thursday that French nuclear group Areva and its new-generation EPR reactor are sound, responding to safety concerns in remarks to the Le Monde newspaper. Fillon said in the interview that that there were "no problems with Areva" and that its top managers had "the confidence of the state." French nuclear technology, and domestic nuclear ... more 
Duesseldorf, Germany (UPI) Nov 5, 2009 German energy giants Eon and RWE have decided to team up to build nuclear power plants in Britain, promising to invest around $25 billion in the endeavor. The new company Horizon Nuclear Power headquartered near Gloucester will start operations on Nov. 16, the companies said in a joint statement. The joint venture is held to 50 percent by Eon UK, with RWE npower owning the other half. ... more |
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