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Plan for biggest solar project in the U.S.
Published: May 13, 2008 at 4:52 PM
ALLENTOWN, Pa., May 13 (UPI) -- PPL Renewable Energy announced plans for the largest U.S. rooftop solar installation. -
Brazil launches greenhouse gas program
Published: May 13, 2008 at 4:49 PM
BRASILIA, Brazil, May 13 (UPI) -- Brazil launched the Brazil Greenhouse Gas Protocol Program under which 12 corporate members have agreed to report their global-warming emissions. -
DoE: U.S. can hit 20 percent wind by 2030
Published: May 13, 2008 at 3:22 PM
WASHINGTON, May 13 (UPI) -- Wind power is capable of becoming a major contributor to America's electricity supply, a report released by the U.S. Department of Energy says.
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UPI Energy Watch
Published: May 13, 2008 at 7:32 PM
OPEC leaders claim no control over oil prices; China quake cuts oil demand temporarily; Kazakhs threaten to sanction Agip -
Oil and Gas Pipeline Watch
Published: May 13, 2008 at 8:48 AM
By DANIEL GRAEBER
UPI Correspondent
Leaders from the European Union met with Middle Eastern officials in Brussels to finalize details of the Trans-Arab gas pipeline. -
UPI Energy Watch
Published: May 12, 2008 at 1:58 PM
Oil, gas executives see sub-$100 prices by end of year; EnCana Corp. splits; Iran says South Stream projects will go ahead -
Analysis: Turks eye carrying Kazakh oil
Published: May 12, 2008 at 1:16 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 12 (UPI) -- As Kazakh oil exports continue to rise, Turkey is seeking to position itself as a major transit hub for Kazakh hydrocarbons. Despite Turkish aspirations, however, a number of obstacles exist to Kazakhstan diversifying its export routes to include Turkey. -
Analysis: China faces tanker shortage
Published: May 9, 2008 at 8:21 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON , May 9 (UPI) -- China's rising energy demands will require Beijing to either build or lease ships to carry the oil needed for its industry. As domestic tanker production has failed to keep pace with rising demand, some Chinese maritime specialists see a shortage in carrying capacity for Chinese oil imports developing by 2015. -
Analysis: Russia squeezes Mongolia
Published: May 9, 2008 at 8:16 PM
By JOHN C.K. DALY
UPI International Correspondent
Record-high energy prices are increasingly dominating Russia's trade relations with Mongolia. As Mongolia imports nearly all of its oil from Russia, the country is feeling pressure from sharp Russian price increases, and the government is seeking legislative changes to ameliorate the effect of the price increases on the population.
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Kazakhstan increases output
Kazakhstan increased production of oil and gas condensate 5.9 percent year-on-year in the first four months of 2008 to 23.568 million tons, a government official told Interfax.
Condensate production fell by 5.3 percent to 2.238 million tons.
Kazakhstan produced 5.896 million tons of oil and gas condensate in April, including 588,994 tons of condensate.
Gas production grew 11.1 percent in the four months to 11.182 billion cubic meters, including 6.631 bcm of natural gas, up 15.7 percent.
Kazakhstan produced 2.46 bcm of gas in April.
Surgutneftegaz net proceeds grow by 19 percent in 2007
Surgutneftegaz, a major Russian oil and gas joint stock company, increased net proceeds by 19 percent in 2007 to reach $25 billion, Itar-Tass reported.
The company's profit increased by 15 percent to $3.7 billion.
The volume of oil production for the reported year reached 64.5 million tons, the increase in the recovered oil reserves of the C1 category -- about 77 million tons. In 2007 the company started the development of three new fields -- Severo-Tonchinskoye, Yuzhno-Soimlorskoye and Novonadymskoye, and opened two oil deposits -- the Vostochno-Alinskoye and Severo-Talakanskoye.
The Open Joint Stock Company Surgutneftegaz is one of the largest oil companies in Russia.
China, Japan work to resolve East China Sea Resources issue
Chinese President Hu Jintao said he believed the issue of joint exploration of oil and natural gas resources in the East China Sea, lying between China and Japan, could be resolved.
Hu made the remarks during an interview with reporters from 16 Japanese media outlets stationed in Beijing, ahead of his coming state visit to Japan May 6-10.
"I believe, with joint efforts, we can definitely find a solution accepted by both sides and the issue can undoubtedly be resolved properly," said Hu.
He said China attaches great importance to the issue and has made great efforts to resolve it. He said the foreign ministries of both countries have had in-depth, useful consultations in accordance with the consensus of both countries' leaders and had made real progress.
China and Japan announced a consensus on the East China Sea issue in a joint communique issued after talks between Chinese Premier Wen Jiabao and Japanese Prime Minister Shinzo Abe during Wen's visit to Japan in April 2007.
According to the communique, the two sides said they were committed to efforts to make the East China Sea a "sea of peace, cooperation and friendship."
The two sides would conduct joint development in accordance with the principle of mutual benefit as a temporary arrangement, pending the completion of a demarcation of sea borders. They agreed to conduct joint development in a "relatively wide area" that is acceptable to both sides.
China and Japan have held 11 rounds of negotiations on the East China Sea issue.
--
Closing oil prices, May 7, 3 p.m. London
Brent crude oil: $120.49
West Texas Intermediate crude oil: $122.01
--
(e-mail: energy@upi.com)
Kazakhstan increased production of oil and gas condensate 5.9 percent year-on-year in the first four months of 2008 to 23.568 million tons, a government official told Interfax.
Condensate production fell by 5.3 percent to 2.238 million tons.
Kazakhstan produced 5.896 million tons of oil and gas condensate in April, including 588,994 tons of condensate.
Gas production grew 11.1 percent in the four months to 11.182 billion cubic meters, including 6.631 bcm of natural gas, up 15.7 percent.
Kazakhstan produced 2.46 bcm of gas in April.
Surgutneftegaz net proceeds grow by 19 percent in 2007
Surgutneftegaz, a major Russian oil and gas joint stock company, increased net proceeds by 19 percent in 2007 to reach $25 billion, Itar-Tass reported.
The company's profit increased by 15 percent to $3.7 billion.
The volume of oil production for the reported year reached 64.5 million tons, the increase in the recovered oil reserves of the C1 category -- about 77 million tons. In 2007 the company started the development of three new fields -- Severo-Tonchinskoye, Yuzhno-Soimlorskoye and Novonadymskoye, and opened two oil deposits -- the Vostochno-Alinskoye and Severo-Talakanskoye.
The Open Joint Stock Company Surgutneftegaz is one of the largest oil companies in Russia.
China, Japan work to resolve East China Sea Resources issue
Chinese President Hu Jintao said he believed the issue of joint exploration of oil and natural gas resources in the East China Sea, lying between China and Japan, could be resolved.
Hu made the remarks during an interview with reporters from 16 Japanese media outlets stationed in Beijing, ahead of his coming state visit to Japan May 6-10.
"I believe, with joint efforts, we can definitely find a solution accepted by both sides and the issue can undoubtedly be resolved properly," said Hu.
He said China attaches great importance to the issue and has made great efforts to resolve it. He said the foreign ministries of both countries have had in-depth, useful consultations in accordance with the consensus of both countries' leaders and had made real progress.
China and Japan announced a consensus on the East China Sea issue in a joint communique issued after talks between Chinese Premier Wen Jiabao and Japanese Prime Minister Shinzo Abe during Wen's visit to Japan in April 2007.
According to the communique, the two sides said they were committed to efforts to make the East China Sea a "sea of peace, cooperation and friendship."
The two sides would conduct joint development in accordance with the principle of mutual benefit as a temporary arrangement, pending the completion of a demarcation of sea borders. They agreed to conduct joint development in a "relatively wide area" that is acceptable to both sides.
China and Japan have held 11 rounds of negotiations on the East China Sea issue.
--
Closing oil prices, May 7, 3 p.m. London
Brent crude oil: $120.49
West Texas Intermediate crude oil: $122.01
--
(e-mail: energy@upi.com)
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This material may not be reproduced, redistributed, or manipulated in any form.
