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 Oslo (AFP) Nov 4, 2009 
Norwegian energy group Statoil said Wednesday it was selling some of its US offshore oil assets to China's state-owned CNOOC, marking the first step by a Chinese energy major into the US market. The sale, announced along with Statoil's quarterly results, involves a limited stake for the China National Offshore Oil Corporation (CNOOC) in four exploitation licences for deepwater blocks bought ... read more
Baghdad (UPI) Nov 4, 2009 Baghdad's deal Tuesday with BP and the China National Petroleum Corp. to invest $15 billion in the giant Rumaila oil field to help rebuild Iraq's ramshackle oil industry gives energy-hungry China its first real grip on Middle Eastern oil. But the 20-year contract carries immense risk as another bout of sectarian savagery looms in Iraq. Still, China has demonstrated that it's ... more
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Prisoners used to shovel snow-bound US capital
Heavy rain, snow disrupts transport in Spain Washington slaps fee on plastic shopping bags Vietnam says parched Red River at record low Philippine volcano darkens New Year for 50,000 villagers Shocked residents survey Australia wildfire wreckage Honduras declares state of emergency amid drought Residents flee terrifying Australian wildfires Sarkozy scrambles to salvage carbon tax Thrill-seeking tourists flock to Philippine volcano 
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Rio De Janeiro (AFP) Nov 4, 2009Brazil's state-run oil group Petrobras said Thursday it has signed a contract permitting the first payment from a 10-billion-dollar loan from China to help it finance upcoming investments. The credit, offered by the China Development Bank, will underwrite Petrobras' developments up to 2013. It is conditioned on Petrobras supplying oil to the Chinese refining company Sinopec over the next ... more 
Sydney (AFP) Nov 4, 2009Monitoring the clean-up of a huge oil spill in pristine Australian waters could take as long as seven years, an official said Wednesday as environmentalists urged a wide-ranging inquiry into the disaster. As many as 28,000 barrels of oil have gushed into the Timor Sea off Western Australia's northern coast in the 10 weeks since the West Atlas oil rig began leaking, raising concerns of an ... more  
New York (AFP) Nov 4, 2009The attorney general of New York state filed an antitrust lawsuit against Intel Corp. on Wednesday alleging the US computer chip giant engaged in illegal practices to dominate the market. "Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market," Attorney General Andrew Cuomo said in a statement. "Intel's actions not only unfairly restricted ... more |
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Paris (AFP) Nov 4, 2009Safety fears and threats of winter power cuts have taken some of the shine off France's world-beating nuclear industry, the country's main source of power and a key plank in its foreign trade strategy. France generates more than three-quarters of its electricity through nuclear power, more than any other country by proportion, and President Nicolas Sarkozy has made exporting French know-how ... more  
Tokyo (AFP) Nov 5, 2009Toyota Motor Corp. will spend hundreds of millions of dollars to build a research centre in China to develop vehicles for the fast growing market there, a newspaper said Thursday. The world's largest automaker will build a new centre with a full-scale test course near Shanghai, the Nikkei business daily said, adding construction was likely to begin as early as next year. Total investment ... more  
Brussels (AFP) Nov 4, 2009The European Parliament's environment committee on Wednesday approved a list of 164 industrial sectors that will win free carbon emissions permits for the next five years if no global deal on climate change is negotiated next month. Members of the powerful committee voted 39 for and 19 against, with one abstention, the parliament said. A European Union action plan adopted in December ... more |
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