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India's PFC inks pact with Exim Bank
Published: May 16, 2008 at 12:31 PM
NEW DELHI, May 16 (UPI) -- India's Power Finance Corp. has signed an agreement with U.S. Exim Bank to receive an $800 million loan. -
India Oil to shelve refinery proposal
Published: May 16, 2008 at 12:09 PM
NEW DELHI, May 16 (UPI) -- State-run Indian Oil Corp. is contemplating shelving its 15 million-ton greenfield refinery in southern Tamil Nadu state. -
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.
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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. -
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
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Crescent sponsors Iraq energy delegation
Published: March 31, 2008 at 3:02 PM
LONDON, March 31 (UPI) -- Three Iraqi universities sent delegates to the GetEnergy 2008 summit in London this month, courtesy of Crescent Petroleum.
Crescent, which boasts offices throughout Iraq and an active gas partnership in Iraqi Kurdistan, said it gave "full sponsorship" for delegates from the University of Bagdad, Basra University and the American University of Iraq-Sulaimania.
GetEnergy is an international summit "committed to forging relationships between oil and gas companies, governments, universities, and other training providers," according to its Web site.
"'The students and faculty of the three Iraqi universities will use this unique platform to establish collaborative working relationships with leading international oil and gas companies to develop new research projects with far-reaching positive impact on the energy sector in Iraq and the next generation of students and professionals," said Abbas al-Husaini, secretary general of the Iraq Higher Education Organizing Committee.
Crescent, based in the United Arab Emirates, is among the international oil companies hoping to land a deal in Iraq's oil and gas sector. The companies have provided free training and studies to Iraq's Oil Ministry.
Crescent and Dana Gas, of which Crescent is a major shareholder, are developing gas prospects in Iraqi Kurdistan. While companies that have signed deals with the Kurdistan Regional Government have been threatened with blacklisting by Baghdad, Crescent appears untouched.
Crescent, which boasts offices throughout Iraq and an active gas partnership in Iraqi Kurdistan, said it gave "full sponsorship" for delegates from the University of Bagdad, Basra University and the American University of Iraq-Sulaimania.
GetEnergy is an international summit "committed to forging relationships between oil and gas companies, governments, universities, and other training providers," according to its Web site.
"'The students and faculty of the three Iraqi universities will use this unique platform to establish collaborative working relationships with leading international oil and gas companies to develop new research projects with far-reaching positive impact on the energy sector in Iraq and the next generation of students and professionals," said Abbas al-Husaini, secretary general of the Iraq Higher Education Organizing Committee.
Crescent, based in the United Arab Emirates, is among the international oil companies hoping to land a deal in Iraq's oil and gas sector. The companies have provided free training and studies to Iraq's Oil Ministry.
Crescent and Dana Gas, of which Crescent is a major shareholder, are developing gas prospects in Iraqi Kurdistan. While companies that have signed deals with the Kurdistan Regional Government have been threatened with blacklisting by Baghdad, Crescent appears untouched.
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This material may not be reproduced, redistributed, or manipulated in any form.
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