| January 09, 2009 |  |
Energy-Daily Advertising Kit |
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Bush administration scraps updated fuel efficiency rules Washington (AFP) Jan 7, 2009 
The outgoing Bush administration said Wednesday it was scrapping efforts to implement better automobile fuel efficiency rules, leaving the update until after the presidential transition. The Department of Transportation said it would put off a final rule on Corporate Fuel Economy Standards, in a process begun last year. "The recent financial difficulties of the automobile industry will ... read moreAustralia's Santos, Apache in 1.3 billion gas deal with Citic 
Sydney (AFP) Jan 7, 2009Australian energy company Santos Wednesday said it and joint venture partner Apache had signed a contract worth an estimated 1.3 billion US dollars to supply natural gas to a Citic Pacific project. Santos said the gas would be delivered to Citic's Sino Iron magnetite mining development in Western Australia from the offshore Reindeer gas field off the state's resource-rich Pilbara coast. ... more
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Analysis: Venezuela suspends free oil
Miami (UPI) Jan 6, 2009Venezuela has suspended its program of providing free heating oil for America's poor following a recent decision to slash its federal budget due to falling global oil prices. Low-income residents in 23 U.S. states who depended heavily on discounted heating oil from Venezuela to get through the cold winter months will have to find another way to heat their homes in the coming months. ... more Analysis: Venezuela facing a troubled 2009 
Miami (UPI) Jan 7, 2009Lower oil prices could make for a tough road ahead for Latin America's petroleum-rich countries like Venezuela and those in the region -- as well as in the United States -- that depend on Caracas for discount oil. Falling oil prices forced Venezuela to cut its 2009 budget and could put countries like Cuba and Nicaragua, both of which depend heavily on discounted oil from Venezuela to me ... more Analysis: Ukraine-Russia gas row escalates 
Berlin (UPI) Jan 6, 2009 Russia's gas price row with Ukraine escalated Tuesday, disrupting deliveries to Europe as the continent is suffering from a bitterly cold winter. Alexander Medvedev knows he needs to soothe his best customer. The No. 2 at the Russian energy giant Gazprom arrived in Berlin Tuesday to meet with German Economy Minister Michael Glos and a representative from the Czech presidency of the Euro ... more  |
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Niger picks France's Areva to operate giant uranium mine: company
Paris (AFP) Jan 5, 2009French nuclear energy group Areva said on Monday it had been awarded a licence to operate a uranium mine in Nigerm which it described as the biggest in Africa and the second biggest in the world. The agreement foresees Areva holding a 66.65 percent stake in the company operating the mine, with the Niger state holding the remainder. Production is set to begin in 2012 and will enable Niger ... more Japan, China to discuss disputed gas field: official 
Tokyo (AFP) Jan 6, 2009Japan and China will hold talks this week on a row over Beijing's development of a disputed gas field in the East China Sea, officials said Tuesday. Japan's Vice Foreign Minster Mitoji Yabunaka and Chinese counterpart Wang Guangya will meet Friday in Tokyo to "discuss a range of key issues including the disputes over development of gas fields," said a foreign ministry official in charge of ... more Intel warns of big slump in revenues 
San Francisco (AFP) Jan 7, 2009The economic slump will take a big bite out of quarterly revenues for Intel, the world's biggest computer chip maker, the company said Wednesday. The California giant was expected to report fourth-quarter revenue of around 8.2 billion dollars, down 20 percent from the prior quarter and down 23 percent year over year. This is lower than the company's previous forecast on November 12, "as ... more Indian teachers burn books to keep warm: report 
New Delhi (AFP) Jan 7, 2009A group of teachers in eastern India used books meant for poor children to light a bonfire to keep them warm, a report said Tuesday. The teachers at a school in Bihar state sent students home over the weekend, citing the cold weather, and set light to the books, the Press Trust of India news agency reported. Police have registered a case against the school principal and 16 others, the re ... more |
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