Energy Resources

UNITED NATIONS, Nov. 24 (UPI) -- As world leaders prepare for a Denmark climate summit, the U.N. Development Program said at least 1.5 billion people live without electricity.

BRUSSELS, Nov. 24 (UPI) -- At least 60 percent of the European energy sector should be secure and in low carbon form by the early 2020s, the European Commission said.

ERBIL, Iraq, Nov. 24 (UPI) -- Estimated reserves of light crude oil from Iraqi Kurdistan are greater than even the most optimistic expectations, said Gulf Keystone Petroleum Ltd.

PRINCETON, N.J., Nov. 24 (UPI) -- New Jersey-based NRG Energy Inc. announced the acquisition of a 200-acre solar project in California that can meet the energy demands of 17,000 homes.

MOSCOW, Nov. 24 (UPI) -- Moscow could diversify its gas transit options to Europe with a second leg of the Yamal-Europe pipeline through Belarus, the Russian president said.

BASRA, Iraq, Nov. 24 (UPI) -- Political debate in the southern Iraqi city of Basra is focused not on parliamentary elections, but on the tenure of Iraqi Oil Minister Hussain al-Shahristani.

CALGARY, Alberta, Nov. 24 (UPI) -- Estimated in-place reserves of light crude oil in the White Rose area off the eastern Canadian coast approach 60 million barrels, Husky Energy announced.

KIEV, Ukraine, Nov. 24 (UPI) -- Russian energy giant Gazprom and Ukrainian utility Naftogaz agreed on the terms of a gas agreement that removes fines and penalties for Kiev, officials said.

TORONTO, Nov. 24 (UPI) -- Canada-based Bontan Corp. Inc. announced the indirect acquisition of exploration and drilling licenses in the Levantine Basin off the coast of Israel.

BERLIN, Nov. 24 (UPI) -- Energy deals between Azerbaijan, Russia and Iran and Brussels' negligence could spell serious trouble for the Nabucco gas pipeline to Europe, analysts say.

LONDON, Nov. 23 (UPI) -- Global oil demand has at last turned a corner and is on the rise again after falling for six consecutive quarters, the London-based Center for Global Energy Studies reported Monday.

COPENHAGEN, Denmark, Nov. 23 (UPI) -- More than 60 heads of state and government will attend the crucial climate-change summit in Copenhagen, Denmark.

BEIJING, Nov. 23 (UPI) -- Poor management and inadequate safety precautions were blamed for a massive China coalmine blast that so far has claimed 104 lives, safety officials and investigators said.

BAGHDAD, Nov. 23 (UPI) -- Production from oil fields in Basra and Kirkuk contributed 58.2 million barrels to Iraqi exports for the month of October, officials said.

TEHRAN, Nov. 23 (UPI) -- Iran is ready to cooperate with Turkmenistan in order to secure gas supplies for the Nabucco pipeline for Europe, said the Iranian speaker of Parliament.