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GeoPower, NCPA sign power deal
Published: May 20, 2008 at 12:37 PM
VANCOUVER, British Columbia, May 20 (UPI) -- Canadian company Western GeoPower signed a deal with the Northern California Power Agency. -
Quake hurts Dongfang Electric's outlook
Published: May 20, 2008 at 12:33 PM
BEIJING, May 20 (UPI) -- China's giant power equipment maker Dongfang Electric faces tough times ahead on investor concerns over earthquake damage to its plants and machinery. -
China using energy reserves for quake aid
Published: May 20, 2008 at 12:27 PM
BEIJING, May 20 (UPI) -- China has opened its energy stockpiles to meet the needs in Sichuan province, hit by a massive earthquake eight days ago that caused widespread destruction.
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UPI Energy Watch
Published: May 20, 2008 at 11:31 AM
China's CNPC said it has lost more than $250 million since the earthquake; India's Oil and Natural Gas Corp. is likely to see a drop in oil and gas production; Italy's Eni announced it is investing in oil in Congo. -
Oil and Gas Pipeline Watch
Published: May 20, 2008 at 9:55 AM
By DANIEL GRAEBER
UPI Correspondent
Iran puts May 26 deadline on IPI pipeline; Putin bypasses Belarus on BPS-2; Swiss EGL reaches gas deal with Iran; Kenya to extend oil pipeline to Burundi; TransCanada tar sands pipeline approved -
Outside View: Russia pipeline reach grows
Published: May 19, 2008 at 6:30 PM
By OLEG MITYAYEV
UPI Outside View Commentator
MOSCOW, May 19 (UPI) -- On May 14 Russian Prime Minister Vladimir Putin ordered the construction of the second stage of the Baltic Pipeline System (BPS-2), an offshoot of the Druzhba pipeline built in Soviet times to pump oil to Europe through Belarus and terminals in the Baltic countries. -
UPI Energy Watch
Published: May 19, 2008 at 11:36 AM
Algeria will invest $45 billion in energy production; Against other OPEC members, Saudi Arabia has said that it will increase its oil output; PetroChina has said it resumed oil supply in areas hit by the earthquake in Sichuan province -
UPI Energy Watch
Published: May 16, 2008 at 8:49 PM
Bush asks Saudi Arabia to increase oil output; Venezuela threatens a spike in oil prices if it's attacked; Indian oil workers in Sudan kidnapped by locals -
Fall River fights five-year battle against LNG facility
Published: May 16, 2008 at 10:18 AM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 16 (UPI) -- A five-year struggle continues between Fall River, Mass., residents and Weaver's Cove Energy LLC over a proposed LNG facility. While the Federal Energy Regulatory Commission approved the project, the Coast Guard opposes it as an unacceptable safety risk.
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State Department slams Hunt Oil-Iraq deal
Published: Sept. 28, 2007 at 5:07 PM
WASHINGTON, Sept. 28 (UPI) -- Oil deals with Iraq’s Kurdistan Regional Government hurt the federal legislative and reconciliation process, a U.S. State Department spokesman said.
“I’m not sure exactly how helpful it is for either any individual corporate entity or the Kurdistan Regional Government” to sign oil sector deals, Deputy Spokesman Tom Casey said at a news briefing when asked about Dallas-based Hunt Oil’s exploration deal. He noted a national oil law would trump a regional oil law, which the KRG just passed.
“It’s in the interest of everyone in Iraq to see a national set of laws governing the oil and gas industry,” Casey said. That national oil law is hung up in Parliament with various sides disputing the roles of the federal/regional/provincial governments in the oil sector, as well as how much access foreign/private oil companies should have to the oil.
Iraq has 115 billion barrels of proven reserves, the third largest in the world.
The Hunt Oil deal stands out for a number of reasons: It is the first U.S. firm to enter Iraq’s oil sector since the war, and Hunt’s chief executive officer is well-connected to the Bush administration.
The KRG announced the Hunt deal earlier this month, sparking accusations from Iraqi Oil Minister Hussain al-Shahristani it and other KRG oil deals like it were illegal. The KRG responded Shahristani was slowing progress and should either work to pass a federal law or resign.
Casey said the Hunt Oil deal and others “don’t contribute to a resolution that is in the best interest of the Iraqi people and they do elevate tensions” between the KRG and Baghdad.
CEO Ray Hunt is a major donor and fundraiser for President Bush and the Republican Party. He also sits on the President’s Foreign Intelligence Advisory Board, a key panel for global intelligence access and the president’s ear.
“I’m not sure how much contact there was between the company and officials, either in Baghdad or here,” Casey said. “Our public and private advice to any company anywhere in the world, regardless of who’s running it or who’s on the board or who’s there is … we don’t think that these kinds of deals are helpful.”
If Hunt asked, Casey said he’s “sure that that’s the message we conveyed.”
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Ben Lando, UPI Energy Editor
“I’m not sure exactly how helpful it is for either any individual corporate entity or the Kurdistan Regional Government” to sign oil sector deals, Deputy Spokesman Tom Casey said at a news briefing when asked about Dallas-based Hunt Oil’s exploration deal. He noted a national oil law would trump a regional oil law, which the KRG just passed.
“It’s in the interest of everyone in Iraq to see a national set of laws governing the oil and gas industry,” Casey said. That national oil law is hung up in Parliament with various sides disputing the roles of the federal/regional/provincial governments in the oil sector, as well as how much access foreign/private oil companies should have to the oil.
Iraq has 115 billion barrels of proven reserves, the third largest in the world.
The Hunt Oil deal stands out for a number of reasons: It is the first U.S. firm to enter Iraq’s oil sector since the war, and Hunt’s chief executive officer is well-connected to the Bush administration.
The KRG announced the Hunt deal earlier this month, sparking accusations from Iraqi Oil Minister Hussain al-Shahristani it and other KRG oil deals like it were illegal. The KRG responded Shahristani was slowing progress and should either work to pass a federal law or resign.
Casey said the Hunt Oil deal and others “don’t contribute to a resolution that is in the best interest of the Iraqi people and they do elevate tensions” between the KRG and Baghdad.
CEO Ray Hunt is a major donor and fundraiser for President Bush and the Republican Party. He also sits on the President’s Foreign Intelligence Advisory Board, a key panel for global intelligence access and the president’s ear.
“I’m not sure how much contact there was between the company and officials, either in Baghdad or here,” Casey said. “Our public and private advice to any company anywhere in the world, regardless of who’s running it or who’s on the board or who’s there is … we don’t think that these kinds of deals are helpful.”
If Hunt asked, Casey said he’s “sure that that’s the message we conveyed.”
--
Ben Lando, UPI Energy Editor
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This material may not be reproduced, redistributed, or manipulated in any form.
