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India not to hike fuel prices
NEW DELHI, Nov. 15 (UPI) -- India says it won't raise the prices of petroleum products as global crude shows a cooling effect.
OIL qualifies for Libyan oil blocks
NEW DELHI, Nov. 15 (UPI) -- State-owned Oil India Ltd. has qualified as a non-operator in the latest round of oil block auctions in Libya.
Cabot announces success at gas wells
HOUSTON, Nov. 15 (UPI) -- Houston-based Cabot Oil & Gas Corp. said its horizontal drilling in East Texas and West Virginia has been successful.
Australian debate focus on renewables
SYDNEY, Nov. 15 (UPI) -- Funding for renewable energy has arisen as a key topic in Australia's political debates.
British Energy to build nuclear plant
LIVINGSTON, Scotland, Nov. 15 (UPI) -- British Energy plans to build two new next-generation nuclear plants.
Canadian oil company announces new well
VANCOUVER, British Columbia, Nov. 15 (UPI) -- Vancouver, Canada-based Lexaria said its new well at the Belmont Lake Oil Field is exceeding production expectations.
OMV announces highest quarterly profit
VIENNA, Nov. 15 (UPI) -- Austria's OMV said third-quarter net profits increased by 40 percent to $758 million, the highest in company history.
BP announces new gas find
LONDON, Nov. 15 (UPI) -- British Petroleum said it has found a reserve in the Shah Deniz gas field in the Caspian Sea that will likely produce more than 8.6 billion cubic meters a year.
Devon sells Gabon assets
OKLAHOMA CITY, Nov. 15 (UPI) -- Oklahoma City-based Devon Energy Corp. plans to sell its offshore assets near Gabon.
OPEC: No plans to move from dollar
RIYADH, Saudi Arabia, Nov. 15 (UPI) -- OPEC is not looking to move away from the weakening U.S. dollar as the main currency of the oil trade, its secretary-general said in Riyadh, Saudi Arabia.
OPEC and Brazil not in discussions
RIYADH, Saudi Arabia, Nov. 15 (UPI) -- OPEC and Brazil are not in talks, the oil cartel's head said in Riyadh, Saudi Arabia, after recent announcements of a major oil find off its southeast coast.
Oil market well supplied, says OPEC head
RIYADH, Saudi Arabia, Nov. 15 (UPI) -- The top OPEC official said in Riyadh, Saudi Arabia, the oil market has "enough" supply, defending the cartel's production as oil prices pass $90 per barrel.
India seeks IPI meeting with Pakistan
NEW DELHI, Nov. 14 (UPI) -- India seeks a meeting with Pakistan to resolve transportation tariffs, transit fees and other issues relating to a pipeline from Iran to India via Pakistan.
GAIL to buy stake in Talchar plant
NEW DELHI, Nov. 14 (UPI) -- Gas Authority of India Ltd. plans to buy a 50-percent stake in a proposed coal-gas-fueled fertilizer plant in Talchar, Orissa state.
UPI Energy Watch
Philippine sale of energy assets debated; Indonesia to boost production as output dwindles; Russia to supply 4.5M tons of oil to Belarus
Iraq, Saudi Arabia push OPEC production
RIYADH, Saudi Arabia, Nov. 14 (UPI) -- Iraqi and Saudi oil production increased in the past month, boosting OPEC production by 350,000 bpd as the price stays above $90 per barrel.
Saudi oil minister: Oil up over pessimism
RIYADH, Saudi Arabia, Nov. 14 (UPI) -- The Saudi oil minister said it is not production levels but traders and speculators that are pushing oil prices to near record numbers.
China plans to import more LNG
BEIJING, Nov. 13 (UPI) -- China plans to import about 10 million tons of liquefied natural gas annually by 2010.
Sinopec to sell bonds to fund pipeline
BEIJING, Nov. 13 (UPI) -- China Petroleum and Chemical Corp. began issuing bonds Tuesday to fund a new pipeline.
IEA says oil demand is down
PARIS, Nov. 13 (UPI) -- The Paris-based International Energy Agency reported that drivers in industrialized countries are cutting back their use of gasoline and diesel.
Group: No liquid coal
WASHINGTON, Nov. 13 (UPI) -- The Washington-based Union of Concerned Scientists warns some alternative fuels may be more polluting than others.
U.S., Italy sign energy development pact
ROME, Nov. 13 (UPI) -- U.S. Energy Secretary Samuel Bodman signed an energy research agreement with Italian Minister of Economic Development Pier Luigi Bersani.
UPI Energy Watch
Uzbekistan, Korea to hold energy talks; Gazprom Neft to increase number of board members; China's LNG capacity grows
NHPC to add 25,000 MW of power in 20 years
NEW DELHI, Nov. 13 (UPI) -- India's National Hydroelectric Power Corp. says it will add more than 25,000 megawatts of hydropower generation capacity over the next 20 years.
IO plans petrochemical complex at Haldia
NEW DELHI, Nov. 13 (UPI) -- State-owned Indian Oil is planning a petrochemicals complex at Haldia in West Bengal state.
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65th Annual Cannes International Film Festival
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Macy Gray arrives at a photocall for the film "The Paperboy" during the 65th annual Cannes International Film Festival in Cannes, France on May 24, 2012. UPI/David Silpa