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Plan for biggest solar project in the U.S.
Published: May 13, 2008 at 4:52 PM
ALLENTOWN, Pa., May 13 (UPI) -- PPL Renewable Energy announced plans for the largest U.S. rooftop solar installation. -
Brazil launches greenhouse gas program
Published: May 13, 2008 at 4:49 PM
BRASILIA, Brazil, May 13 (UPI) -- Brazil launched the Brazil Greenhouse Gas Protocol Program under which 12 corporate members have agreed to report their global-warming emissions. -
DoE: U.S. can hit 20 percent wind by 2030
Published: May 13, 2008 at 3:22 PM
WASHINGTON, May 13 (UPI) -- Wind power is capable of becoming a major contributor to America's electricity supply, a report released by the U.S. Department of Energy says.
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UPI Energy Watch
Published: May 13, 2008 at 7:32 PM
OPEC leaders claim no control over oil prices; China quake cuts oil demand temporarily; Kazakhs threaten to sanction Agip -
Oil and Gas Pipeline Watch
Published: May 13, 2008 at 8:48 AM
By DANIEL GRAEBER
UPI Correspondent
Leaders from the European Union met with Middle Eastern officials in Brussels to finalize details of the Trans-Arab gas pipeline. -
UPI Energy Watch
Published: May 12, 2008 at 1:58 PM
Oil, gas executives see sub-$100 prices by end of year; EnCana Corp. splits; Iran says South Stream projects will go ahead -
Analysis: Turks eye carrying Kazakh oil
Published: May 12, 2008 at 1:16 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 12 (UPI) -- As Kazakh oil exports continue to rise, Turkey is seeking to position itself as a major transit hub for Kazakh hydrocarbons. Despite Turkish aspirations, however, a number of obstacles exist to Kazakhstan diversifying its export routes to include Turkey. -
Analysis: China faces tanker shortage
Published: May 9, 2008 at 8:21 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON , May 9 (UPI) -- China's rising energy demands will require Beijing to either build or lease ships to carry the oil needed for its industry. As domestic tanker production has failed to keep pace with rising demand, some Chinese maritime specialists see a shortage in carrying capacity for Chinese oil imports developing by 2015. -
Analysis: Russia squeezes Mongolia
Published: May 9, 2008 at 8:16 PM
By JOHN C.K. DALY
UPI International Correspondent
Record-high energy prices are increasingly dominating Russia's trade relations with Mongolia. As Mongolia imports nearly all of its oil from Russia, the country is feeling pressure from sharp Russian price increases, and the government is seeking legislative changes to ameliorate the effect of the price increases on the population.
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Canadian oil firm increases exploration
Published: May 9, 2008 at 11:49 AM
CALGARY, Alberta, May 9 (UPI) -- Duvernay Oil Corp. of Calgary, Alberta, has added $50 million to its 2008 capital plan.
DOC and other oil firms are able to invest more in exploration and production because of higher revenues from record-high oil and gas prices, the Calgary Herald reported.
The oil and gas firm has increased its exploration and production budget from $400 million to $450 million, and there are also plans to expand its leased drilling rig fleet to 11 rigs from nine so it can deliver an extra 115 million cubic feet of natural gas per day by next year.
"I think our production growth and cash flow growth were what was expected," President and Chief Executive Officer Mike Rose said.
DOC reported a record quarterly cash flow Thursday of $73.2 million, an increase of 15 percent from the same time last year. Production averaged 24,102 barrels of oil equivalent in the first quarter, also a 15-percent increase over first quarter 2007.
Duvernay plans to drill 35 gas development wells in northeastern British Columbia and 70 gas wells in the Alberta Deep Basin by spring 2009.
DOC and other oil firms are able to invest more in exploration and production because of higher revenues from record-high oil and gas prices, the Calgary Herald reported.
The oil and gas firm has increased its exploration and production budget from $400 million to $450 million, and there are also plans to expand its leased drilling rig fleet to 11 rigs from nine so it can deliver an extra 115 million cubic feet of natural gas per day by next year.
"I think our production growth and cash flow growth were what was expected," President and Chief Executive Officer Mike Rose said.
DOC reported a record quarterly cash flow Thursday of $73.2 million, an increase of 15 percent from the same time last year. Production averaged 24,102 barrels of oil equivalent in the first quarter, also a 15-percent increase over first quarter 2007.
Duvernay plans to drill 35 gas development wells in northeastern British Columbia and 70 gas wells in the Alberta Deep Basin by spring 2009.
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This material may not be reproduced, redistributed, or manipulated in any form.
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