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British Energy shares up on new bids
Published: May 16, 2008 at 9:17 PM
LONDON, May 16 (UPI) -- Shares in British Energy rose sharply after several more bid proposals. -
India's L&T signs deal with GE
Published: May 16, 2008 at 9:11 PM
MUMBAI, May 16 (UPI) -- India's Larsen and Toubro signed a deal with U.S.-based GE Energy. -
Jordan, GNEP plan for nuclear energy
Published: May 16, 2008 at 9:06 PM
AMMAN, Jordan, May 16 (UPI) -- Jordan and the Global Nuclear Energy Partnership will work to develop nuclear projects.
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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. -
UPI Energy Watch
Published: May 15, 2008 at 12:19 PM
OPEC cuts estimate of growth in world oil demand for 2008; The United Arab Emirates' crude oil output increased last month; Philippine government may cut taxes on oil and gas -
Nigerian militants attack oil vessel
Published: May 15, 2008 at 11:10 AM
By CARMEN GENTILE
UPI Energy Correspondent
Jimmy Carter and Barack Obama have called for a resolution to the conflict between rebels intent on crippling Nigeria's petroleum industry and government officials. -
Mongolia, coal and inflation
Published: May 14, 2008 at 7:56 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 14 (UPI) -- Rising fuel and food costs are hitting Mongolia hard, with foreign investors exploiting the situation to pressure the country to open up its economy. Given the country's political isolation, sandwiched between China and Russia, its two major trading partners, Ulaanbaatar is being held over the proverbial barrel in negotiations with its giant neighbors, leaving its population of 2.9 million nervously awaiting further aftershocks from rising inflation. -
Congress blocks administration from stockpiling oil
Published: May 14, 2008 at 7:28 PM
By ROSALIE WESTENSKOW
UPI Correspondent
WASHINGTON, May 14 (UPI) -- Faced with growing pressure to decrease gas prices, U.S. senators voted to stop stockpiling oil in the national reserve yesterday, but they rejected a plan to increase domestic production.
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KRG to be self-sufficient, minister says
Published: Nov. 27, 2007 at 12:59 PM
WASHINGTON, Nov. 27 (UPI) -- Residents of Iraq's Kurdish region will have all the fuel and electricity they need within three years and may even export power, its oil minister says.
"We want to be self-sufficient at least within the region, maybe even some surplus power and products to go further south to our colleagues in Baghdad and elsewhere," Kurdistan Regional Government Natural Resources Minister Ashti Hawrami told United Press International.
He said current and future projects for smaller refineries -- 20,000 to 50,000 barrels per day -- and power plants "to stabilize the situation" will come first, in conjunction with the KRG's Electricity Ministry, which needs the natural gas and other fuel.
"We believe that combination will bring us to just about what Kurdistan needs at the moment," he said.
Iraq suffers from an overall lack of fuel and electricity. The KRG has moved forward on its own in developing its energy sector. While refineries and electricity are less controversial, the KRG's oil field development hits a major nerve.
Baghdad says the KRG doesn't have the authority to sign oil deals, though it has inked 20 already. Hawrami said the KRG will produce 1 million barrels of oil per day within five years.
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Ben Lando, UPI Energy Editor
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(e-mail: blando@upi.com)
"We want to be self-sufficient at least within the region, maybe even some surplus power and products to go further south to our colleagues in Baghdad and elsewhere," Kurdistan Regional Government Natural Resources Minister Ashti Hawrami told United Press International.
He said current and future projects for smaller refineries -- 20,000 to 50,000 barrels per day -- and power plants "to stabilize the situation" will come first, in conjunction with the KRG's Electricity Ministry, which needs the natural gas and other fuel.
"We believe that combination will bring us to just about what Kurdistan needs at the moment," he said.
Iraq suffers from an overall lack of fuel and electricity. The KRG has moved forward on its own in developing its energy sector. While refineries and electricity are less controversial, the KRG's oil field development hits a major nerve.
Baghdad says the KRG doesn't have the authority to sign oil deals, though it has inked 20 already. Hawrami said the KRG will produce 1 million barrels of oil per day within five years.
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Ben Lando, UPI Energy Editor
--
(e-mail: blando@upi.com)
© 2007 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
This material may not be reproduced, redistributed, or manipulated in any form.
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