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  • Iraq strikes deals with Big Oil on southern fields

    AFP – Fri Dec 11, 11:26 am ET  
    The Shuaiba oil refinery near the port of Basra, 550 kms south... AFP

    BAGHDAD (AFP) - Iraq struck deals with consortiums led by energy giants Shell and CNPC on massive southern oil fields on Friday, part of a two-day auction that seeks to dramatically boost the country's crude output. Full Story »

  • US senators show path forward on climate

    AFP – Thu Dec 10, 10:11 pm ET  
    US Sen. John Kerry (R) speaks as Sen. Joseph Lieberman listens... AFP/Getty Images

    WASHINGTON (AFP) - Senators unveiled a framework for future US action on climate change, embracing emission cuts in a boost for the Copenhagen summit, but also including controversial measures on nuclear power and offshore drilling. Full Story »

  • Iraq closes in on big oil deals but short of power

    Reuters – Thu Dec 10, 4:42 pm ET  

    BAGHDAD (Reuters) - Awash with oil, Iraq is poised to ink several mega oil deals that will vault it into the top ranks of world oil producers, but the war-shattered country is back to grappling massive power shortages after a brief respite. Full Story »

  • Turkmen-China gas pipeline nearly operational

    AP – Thu Dec 10, 1:40 am ET  

    BEIJING - A natural gas pipeline linking Turkmenistan and China is nearly operational and President Hu Jintao will attend an inauguration ceremony during a visit to the central Asian nation this weekend, a senior Chinese diplomat said Thursday. Full Story »

  • Taiwan chip giant TSMC to enter solar energy

    AFP – Thu Dec 10, 1:23 am ET  
    Multi-crystaline solar cells create energy from sunlight at a... AFP/Getty Images/File

    TAIPEI (AFP) - Chip giant Taiwan Semiconductor Manufacturing Co. is planning its first foray into solar energy with an investment in the island's largest producer of solar cells, a spokesman said Thursday. Full Story »

  • World Bank musters $5.5 billion for solar projects

    AFP – Wed Dec 9, 5:04 pm ET  
    Solar pannels whose energy helps pump water into a water tower... AFP/File

    WASHINGTON (AFP) - The World Bank announced Wednesday 5.5 billion dollars would be invested in solar energy projects in five countries of the Middle East and North Africa in a bid to combat climate change. Full Story »

  • BP says Alaska pipeline ice plugs caused rupture

    AP – Wed Dec 9, 4:27 pm ET  

    ANCHORAGE, Alaska - Oil company BP says ice plugs in a pipeline caused a rupture that spilled 46,000 gallons of crude and water in an oil field on Alaska's North Slope. Full Story »

  • Obama taps ex-Palin aide to oversee natgas project

    Reuters – Wed Dec 9, 4:22 pm ET  

    WASHINGTON/ANCHORAGE, Alaska (Reuters) - U.S. President Barack Obama on Wednesday nominated Larry Persily, a veteran Alaska policy maker and former aide to former Governor Sarah Palin, to oversee plans for a massive, long-desired Alaska natural gas pipeline. Full Story »

  • CSB calls Citgo July blast "significant near-miss"

    Reuters – Wed Dec 9, 2:42 pm ET  

    HOUSTON (Reuters) - The U.S. Chemical Safety Board on Wednesday called a July explosion at Citgo Petroleum Corp's Corpus Christi, Texas, refinery "a significant near-miss" for a widespread release of highly toxic hydrogen fluoride (HF) into a community. Full Story »

  • First fuel cell boat cruises Amsterdam's canals

    Reuters – Wed Dec 9, 12:41 pm ET  
    Nemo, the world's first canal boat powered by hydrogen fuel... Reuters

    AMSTERDAM (Reuters) - Emitting only water vapour and gliding silently through Amsterdam's centuries-old canals, a canal boat -- a popular tourist attraction -- powered by fuel cells made its debut cruise on Wednesday. Full Story »

  • Climate: 'Moving Toward Modest Cooperation'

    OneWorld.net – Tue Dec 8, 11:21 am ET  

    RIO DE JANEIRO, Dec 8 (IPS) - Vested interests in fossil fuels have blocked major steps against global warming so far, according to José Goldemberg, who has played a leading role at key times in the climate crisis facing humanity. Full Story »

  • Exxon OKs gas project, despite finance worries

    AFP – Tue Dec 8, 6:59 am ET  
    Energy giant Exxon Mobil has approved a 15 billion US dollar... AFP/File

    SYDNEY (AFP) - Energy giant Exxon Mobil Tuesday approved a 15 billion US dollar liquefied natural gas (LNG) project in Papua New Guinea, potentially the largest ever such deal for the impoverished Pacific country. Full Story »

  • Nine European nations agree on wind energy initiative

    AFP – Mon Dec 7, 2:30 pm ET  
    The energy ministers of nine European Union nations on Monday... AFP/File

    BRUSSELS (AFP) - The energy ministers of nine European Union nations on Monday signed a deal to develop a massive offshore wind power grid in the North Sea and Irish Sea, as UN climate talks got underway in Copenhagen. Full Story »

  • ONGC Videsh plans refinery in Nigeria - govt

    Reuters – Mon Dec 7, 1:28 am ET  
    Oil Minister Murli Deora smiles during the annual economic editor's... Reuters

    NEW DELHI (Reuters) - ONGC Videsh, the overseas investment arm of state-run Oil and Natural Gas Corp, is planning to set up a greenfield refinery in Nigeria, Oil Minister Murli Deora told reporters on Monday. Full Story »

  • Senior Venezuelan minister resigns in bank scandal

    Reuters – Sun Dec 6, 11:56 pm ET  

    CARACAS (Reuters) - A senior minister and close confidant of Venezuelan President Hugo Chavez resigned on Sunday in a scandal that has shaken the OPEC nation's banks and triggered a purge of businessmen with ties to the government. Full Story »

  • Tough times force OPEC members to close ranks

    AFP – Sun Dec 6, 1:37 pm ET  
    OAPEC Secretary General Abbas Ali Naqi (L) and Egyptian Oil Minister... AFP/File

    CAIRO (AFP) - Divisions within OPEC have eased as the dual threat of the global economic crisis and climate change talks force oil producers to be pragmatic and unified, analysts said on Sunday. Full Story »

  • Australia in $82 bln gas deal with Japan

    AFP – Sun Dec 6, 5:55 am ET  
    Gas storage tanks are shown at a facility near Karratha in the... AFP/File

    SYDNEY (AFP) - Australia has welcomed a 90 billion dollar (82 billion US) deal to supply liquefied natural gas (LNG) to a Japanese power company in what is believed to be the country's biggest export sales contract. Full Story »

  • OPEC should maintain output: Arab oil ministers

    AFP – Fri Dec 4, 2:26 pm ET  
    Saudi Oil Minister Ali al-Naimi, pictured in September 2009,... AFP/File

    CAIRO (AFP) - Arab oil ministers of OPEC said on Friday that the cartel should keep production unchanged when it meets later this month as crude prices are close to the target of 80 dollars a barrel. Full Story »

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