• 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.
  • 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.

UPI Energy Watch


Published: May 8, 2008 at 4:44 PM
Southern Sudan's oil revenues reach $3.2B in the last 3 years

The Government of South Sudan and the Oil Producing States received $3.2 billion in oil revenue for the last three years including the first two months of 2008, Sudanese government newspaper Sudan Vision reported.

The report revealed that GoSS received $798.4 million in 2005, $953.30 million in 2006 and 1,457.83 million in 2007. GoSS also received $231.39 million in January and 158.48 million in February 2008.

Unity State, an Oil Producing State, received $32.59 million in 2005, $38.14 million in 2006 and $37.19 million in 2007. It also received $5.48 million for the first two months of 2008.

According to the report, GoSS earned approximately $3.6 billion; Unity State earned $113.4 million and Upper Nile made $28.06 million with an aggregate total of $3.740 billion collected by South Sudan in terms of oil proceeds for those years.




Gazprom Board orders creation of winter gas reserves

The Gazprom board of directors has assigned its departments to draw up plans of preparing the facilities of Gazprom subsidiaries for work in conditions of the 2008 autumn and winter.

According to Prime-Tass, the information came from the Gazprom news department.

The Gazprom board of directors wants to ensure the maintenance and repair of operations at the facilities of the United Gas Transportation Network, and of creating gas reserves in underground gas storages before the beginning of the next autumn and winter period, which should be no smaller than 64 billion cubic meters.

Gazprom's subsidiaries were assigned to ensure the plans and programs of diagnosing, repairing and rebuilding of the facilities connected with the production, transportation, underground storage and processing of gas in 2008, as well as maintaining the operations for preparing the facilities for work in conditions of autumn and winter.

The Gazprom board of directors made this decision during the autumn and winter of 2007-2008. It was pointed out that Gazprom's subsidiaries had ensured the stable gas supply to Russian consumers, as well as gas exports.




Russian oil exports to non-C.I.S. down

Russian oil exports to non-C.I.S. countries fell 6.1 percent year-on-year in January-April to 67.617 million tons, or 4.096 million barrels a day, the Fuel and Energy Central Dispatch Center said.

Transneft, the national pipeline operator, pumped 62.767 million tons of Russian crude to non-C.I.S. countries in the four months. Exports bypassing Transneft came to 1.07 million tons.

In April alone, Transneft carried 16.416 million tons of Russian crude to non-CIS countries, while exports bypassing the monopoly totaled 1.07 million tons.

--

Closing oil prices, May 8, 3 p.m. London

Brent crude oil: $122.46

West Texas Intermediate crude oil: $123.61

--

(e-mail: energy@upi.com)


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