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Americas:Argentina inching towards major gas find

Argentina is likely on the verge of a major natural gas discovery following exploration by Repsol-YPF's unit in the country, Argentine news media reported. News of the likely new gas find, initially reported by lapoliticaonline, followed reports that exploration by Repsol-YPF had ...

Americas: BP spill commission may seek change in US regulatory model: co-chair

The National Commission on the BP Oil Spill and Offshore Drilling is considering calling for a transition from a highly prescriptive regulatory model to a risk-based performance approach specific to individual facilities, operations and environments, its co-chairman, William ...

Asia: Sinopec starts survey of new shale gas block in southwest China

China Petrochemical Corp., or Sinopec Group, has started surveying the Pengshui shale gas block in southwest China to evaluate the resource potential as the company ventures into unconventional oil and gas exploration, the company said Wednesday in a report on its website. The ...

Asia: China wellhead gas prices seen rising 10%/year next 5 years:analyst

China's domestic natural gas prices will continue to rise 10% a year at the wellhead over the next five years, driven up by expensive imports and further reform of wellhead prices in the country as the government seeks to encourage local gas development over imports, according to ...

Asia: Pan American investment to hike CNOOC oil/gas reserves

The acquisition of BP's 60% remaining share in Pan American Energy by state-owned China National Offshore Oil Corporation will have a "significant" impact on the Chinese company's oil and gas reserves, which is perceived to be a weakness for CNOOC, an analyst said. "Overall ...

Asia:Malaysia announces tax incentives to boost oil output

Malaysia on Wednesday announced tax incentives to boost oil production. Country s Prime Minister Najib Razak also set out plans for billions of dollars in infrastructure investment as part of its bid to create millions of new jobs and double national income by 2020. Speaking to ...

Europe:Germany needs $13bn to cover powergrid overhaul

Germany is facing an unprecedented overhaul of its power grid to the tune of $13 billion, according to a new study conducted by scientists from Cologne University and the Fraunhofer Institute. Investments stretched over the next 10 years to modernize the German power grid is ...

Europe:'Total' to explore British waters of North Sea

Total, the energy giant, announced it received approval from the British Department of Energy and Climate Change for phase 2 development of the West Franklin field in the British waters of the North Sea. The company expects to produce around 40,000 barrels of oil equivalent per ...

Asia: New Zealand Oil and Gas provides funds for stricken Pike River Coal

New Zealand Oil & Gas Friday provided the balance of a NZ$25 million ($19 million) short-term funding facility to Pike River Coal, whose coal mine on the South Island's west coast was shut last week after an explosion killed 29 miners. The funding facility was agreed in September ...

Europe:Ukraine to return natural gas to Russia

Ukraine's Supreme Court has upheld international arbitration court decisions that the Naftohaz Ukrayiny surrenders reserves to RosUkrEnergo. Interfax-Ukraine news agency reported Wednesday that the Stockholm Court of Arbitration ruled that the state oil and gas company Naftohaz ...

Americas:Canadian nat gas exports to US set to drop

Western Canadian gas exports to the United States could be completely displaced into Northern California by 1)Abundant, low cost US natural gas production, and 2)By several new gas pipelines in the US Says a new market study by Bentek, a US energy analysis company. Overall, ...

Asia: Santos to bring online Indonesia's Wortel gas field by end-2011

Australian exploration and production company Santos on Friday made a final investment decision approving the development of the Wortel gas project offshore Madura Island in Indonesia, with first gas expected by the end of 2011. Wortel is located 7 km west of the Santos-operated ...

Middle East: Iraq set to discount import tariffs on oil equipment: minister

Iraq plans to introduce at the beginning of January discounts of as much as 20% on oil equipment import tariffs to support international oil company activity in the country, transportation minister Amer Abdul-Jabbar Ismael said Friday. The discounts are in the final stages of ...

China:Sierra Leone acknowledges oil discovery

West African nation Sierra Leone confirmed finding oil in its Mercury-1 exploration well off the coast by Anadarko Petroleum Corporation. In an official statement Sierra Leone government said it is looking forward to the continued exploration, which is geared towards future ...

Americas:World badly needs oil under Gulf of Mexico: BP

The world is in desperate need of the oil and gas reserves that lie under the sea floor in the Gulf of Mexico and other oceans, a BP executive said in London. Iain Conn, the top refining and marketing executive at BP, spoke at Imperial College in London on developments in the ...

Europe: Ukraine in talks with Libya, Egypt in search for oil and gas

Ukrainian Prime Minister Mykola Azarov arrived in the Libyan capital Tripoli late Monday for talks with Libyan authorities as part of the country's bid to find sources other than Russia of crude oil and natural gas. He will hold talks with Libyan leader Moammar Qadhafi and other ...

Americas:Chilean oil prospects improve

Chilean oil prospects have improved with a new find in the south as the country vies with other Latin American producers to secure a place in the non-OPEC oil producers' club. Chile is a minor oil producer and its proven oil reserves until 2006 didn't exceed 150 million barrels ...

Europe:Gazprom finds its first North African gas

More than 2 million cubic feet of gas per day flowed from an exploratory well drilled in Algeria, Russian Energy Company Gazprom announced. Gazprom along with its Algerian partners at Sonatrach, the largest oil and gas company in Africa, announced they recovered 2.1 million cubic ...

Middle East:Pakistan oil, gas exploration remains inadequate

Energy starved Pakistan continued its dismal performance as far as oil and gas exploration is concerned, reports suggest. According to Pakistan Petroleum Limited, country s exploration and development activity remained subdued by the recent floods and prevailing circular debt ...

Europe:Hydrogen-powered cars key to emissions reduction

Hydrogen-powered-fuel-cell cars will play a key role in reducing the emissions of road transport in future, according to a European study. The study points out that fuel cell electric cars, battery electric vehicles and plug-in hybrids need to reach a considerable market ...
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China slams Japan's NHK governor's denial of Nanjing massacre
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China's farm product pricing plan shifts to market orientation
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Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
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sports

Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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