Energy

Geithner Gets Japan Backing on Oil Sanctions After Snub From China

Toru Fujioka and Aki Ito Bloomberg.com 13.01.2012
Geithner Gets Japan Backing on Oil Sanctions After Snub From China

U.S. Treasury Secretary Timothy F. Geithner’s efforts to tighten economic sanctions on Iran over its nuclear program won backing from Japan after China rejected limiting oil imports from the country.

Venezuela's Chavez eyes new oil cartel

Venezuelan President Hugo Chavez proposed creating a new oil exporters group parallel to OPEC that would include only the "giants" of global petroleum producers.


Russia in talks to build more nuclear plants in Iran: report

Russia has put forward "proposals" to build new nuclear power plants in Iran after the completion of the Bushehr project, local media reported Sunday quoting the Islamic republic's atomic chief.

Opec to haul in $1 trillion as oil prices increase risk of double-dip recession

The cartel of oil-producing countries will have $1 trillion (£600bn) in revenues for the first time this year, benefiting from high prices that may cause a "double-dip recession".


China overtakes USA as top energy consumer

Robert Barr Yahoo! Finance 09.06.2011
China overtakes USA as top energy consumer

Global energy consumption rose in 2010 at the fastest pace since 1973, as fast-growing developing nations led a strong rebound from recession, according to a survey released Wednesday.

Exxon makes major oil discovery in Gulf of Mexico

Andrew Restuccia The Hill 09.06.2011
Exxon makes major oil discovery in Gulf of Mexico

Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permit...


OPEC Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War

OPEC’s decision on production quotas this week may be complicated by hostilities in Libya as members meeting in Vienna find themselves supporting opposing camps of a military conflict for the first time in 21 years.

Japan sets up compensation plan for plant operator

Japan's government agreed on a plan Friday to ensure that the operator of crippled Fukushima Dai-ichi nuclear plant can meet the massive costs of compensating people affected by the crisis.


Small lizard threatens Texas, New Mexico oil drilling

SUSAN MONTOYA BRYAN BusinessWeek 02.05.2011
Small lizard threatens Texas, New Mexico oil drilling

Frustration is swelling among residents and lawmakers in one of the most productive oil and natural gas basins in the nation, and it's all because federal wildlife managers have proposed endangered species protections for a small lizard.

Somewhat sheepishly, Exxon makes $11 billion

Exxon made almost $11 billion and practically apologized for it. Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial res...


AP survey: Only oil shock can stop economy now

The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now.

U.S. Gov't Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia

The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery--in Cartagena, Colombia.


Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears

ELISABETH ROSENTHAL The New York Times 07.04.2011
Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears

The starchy cassava root has long been an important ingredient in everything from tapioca pudding and ice cream to paper and animal feed.

Germany set to abandon nuclear power for good

Germany stands alone among the world's leading industrialized nations in its determination to abandon nuclear energy for good because of the technology's inherent risks.


Google backs biomass fuel firm CoolPlanetBiofuels

Braden Reddall Yahoo! News Canada 20.03.2011
Google backs biomass fuel firm CoolPlanetBiofuels

The venture capital arm of Google Inc has invested in a start-up that is developing technology to produce fuel from inedible biomass such as grass and wood chips.

Germany to shut down seven reactors

David Stamp Reuters 16.03.2011
Germany to shut down seven reactors

Germany will shut down all seven of its nuclear power plants that began operating before 1980 at least till June, the government said on Tuesday, leaving open whether they will ever start up again after Japan's crisis.


Hong Kong tycoon 'set to clinch power unit' in UK

Hong Kong tycoon Li Ka-shing is set to clinch the acquisition of a power distribution business in a deal which would see him control half of Britain's electricity network, the Sunday Times reported.

Syria says mulls first nuclear power plant by 2020

Fredrik Dahl Reuters Africa 16.02.2011
Syria says mulls first nuclear power plant by 2020

Syria is considering building its first nuclear power plant by 2020 to meet rapidly growing electricity demand, a document from the Arab state's Atomic Energy Commission showed.


WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices

The US fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

Deal signed to supply Iran fuel to Afghanistan

Iran said on Sunday it has reached an agreement with Afghanistan to supply Iranian fuel to the war-torn country and has started supplying the products to its neighbour's private sector.



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