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India won't cut duty on oil imports
Published: May 15, 2008 at 9:40 PM
NEW DELHI, May 15 (UPI) -- Indian Finance Minister P. Chidambaram said there will be no reduction in the duty charged on imported oil, despite soaring energy prices. -
Lundin Petroleum announces oil find
Published: May 15, 2008 at 9:10 PM
STOCKHOLM, Sweden, May 15 (UPI) -- Swedish independent oil and gas company Lundin Petroleum AB announced a new find of oil and gas in the North Sea. -
Google, BP, invest in BrightSource Energy
Published: May 15, 2008 at 6:13 PM
OAKLAND, Calif., May 15 (UPI) -- Google is one of a number of companies that have invested $115 million in solar energy projects.
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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. -
UPI Energy Watch
Published: May 14, 2008 at 3:47 PM
IEA: Developing nations cause high oil prices; New oil, gas fields will add to Indonesia supply; Australia says oil, gas tax breaks to go -
Climate change may upset oil supplies
Published: May 14, 2008 at 3:43 PM
By ROSALIE WESTENSKOW
UPI Correspondent
WASHINGTON, May 14 (UPI) -- Climate change could disrupt U.S. energy supplies by seriously damaging key infrastructure in the country, experts testified Tuesday before Congress.
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Turkey starts study of Iraq gas pipeline
Published: Jan. 28, 2008 at 1:49 PM
Iraq has large natural gas reserves but the sector is undeveloped, with much of the associated gas burned with nowhere to go.
Turkey is eyeing Iraq's gas as it further solidifies its role as a main transport hub for the world's hydrocarbons.
BOTAS, the Turkish Pipeline Corp., announced it will study its end of the prospective natural gas pipeline to Yumurtalik. It will largely run the same route as the twin oil pipelines from Kirkuk to the Mediterranean port in Turkey, Today's Zaman reports. (The pipeline destination is often referred to as the port of Ceyhan.)
BOTAS and the Turkish Petroleum Corp, TPOA, will head up its side of the project, with the Iraq Oil Ministry handling the Iraqi side. BOTAS will hold the tender for the 30 to 40 inch pipeline and various pump stations, and offer it for bid on the international market.
Once the northern Iraq gas fields are developed, 353 billion cubic feet of natural gas will flow to Yumurtalyk, The Anatolian News Agency reports. That which isn't consumed in Turkey will be loaded onto tankers as liquefied natural gas.
It follows on a memorandum of understanding signed between Turkey and Iraq energy ministers last August, and energy talks between U.S. and Turkish presidents in Washington earlier this month.
Presidents Abdullah Gul and George W. Bush met at the White House and agreed to work together with Iraq to develop its oil and gas sector, Turkish Energy Minister Hilmi Guler told CNN-Turk.
Iraq has 111 trillion cubic feet of natural gas reserves. The country is also in talks to develop the Akkas gas field in Anbar province, which would send gas to Syria and possibly to Europe as well.
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