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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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Iraq Electricity Ministry, workers to talk
Published: Feb. 26, 2008 at 5:30 PM
Workers in Iraq's Nasiriyah power station staged a sit-in, demanding the Electricity Ministry do more to help them keep the plant in operation, the Badr Newspaper reports. According to a statement by the International Federation of Chemical, Energy, Mine and General Workers' Unions, sit-ins also took place in Basra, Hilla, Musayab and Kut, organized by the Union of Engineering technicians of the Federation of Workers' Councils and Union in Iraq.
The Electricity Ministry, meanwhile, is asking the federal government for more funds for projects, and is criticizing the international business community for not bidding on contracts.
Abbas Abd Al Hassan Rahi, the chief of the Technicians and Engineers Union, said the Nasiriyah plant was nearing collapse because of the alleged lack of resources dedicated by the ministry to repairs and new projects.
"After many requests were made to the Electricity Ministry and the authorities in charge that they fulfill their duties, we organized this sit-in," said Rahi, who praised the workers for keeping electricity flowing.
Beyond the sit-in, the workers called for Electricity Minister Karim Waheed Hasan to be fired, NPR reports. Workers also criticize the ministry for allowing some areas of Baghdad to receive more electricity than others, attributing it to political and militia influence. Hasan said at a recent news conference he's started an anti-corruption program.
He's also urging foreign companies to bid on contracts to reconstruct and build new infrastructure.
"The Ministry is about to embark on six projects for the generation of electricity, five in Baghdad and one in al-Maseeb, Bable province," Hasan told the Voices of Iraq news agency.
"Iraqi companies are only rehabilitating the power grid, but not rebuilding it," he said.
The Iraqi Electrical Utility Workers Union has complained the ministry is too reliant on foreigners instead of paying Iraqi workers and companies to fix the infrastructure.
Hasan told a news conference in Baghdad the capital receives less than half the output it needs "as its power stations are not producing electricity because the eight oil and gas pipelines that supply them have been destroyed."
Hasan said the country is producing less than half of the 9,500 megawatts Iraqis need, the news service of the U.N. Humanitarian Office reports, largely because of regular attacks and other outages.
"We have asked the government to allocate $4 billion in the 2008 budget to our ministry to rebuild the power network, instead of $1.4 billion," he said.
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