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Iraq to finalize oil deals later this month

BAGHDAD - Iraq's Oil Ministry will finalize deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah oilfields, a ministry official said on Sunday. Sabah Abdul Kadhim, the head of the legal section of Iraq's Petroleum Contracts and Licensing ...

Enbridge shuts oil pipeline after leak; reroutes supply

NEW YORK - Enbridge Energy Partners LP (EEP.N) said on Sunday it had shut down one leg of the main pipeline delivering Canadian crude to the United States after discovering a leak, but was rerouting supplies to other lines. Enbridge, which operates crude oil and natural gas ...

Indonesia's key minerals output expected to plunge in 2011

JAKARTA, Jan. 7 - Production of three key minerals will plunge in 2011 as technical problems and other delays take their toll, the Jakarta Globe reported on Thursday. Bambang Setiawan, the director general of coal, minerals and geothermal energy at the Ministry of Energy and ...

China's power generation goes greener with total capacity up 10%

BEIJING, Jan. 7 - China's power generation capacity rose 10.23 percent to 874 million kilowatts by the end of 2009, second only to the United States, according to figures released Thursday. Thermal electricity accounted for 74.6 percent of the total, or 652 million kilowatts, ...

Canada to study biofuel's environmental impact

WINNIPEG, Manitoba,Jan.7 - The Canadian government has ordered a study of the environmental impact of making ethanol and biodiesel just as a government regulation mandating fuel blending is set to take effect. The study, ordered on Wednesday, comes after evidence of harmful ...

Clean energy funds in first fall in 6 years: report

LONDON. Jan, 7 - Global investment in low-carbon energy dipped in 2009 after five years of annual increases fueled by a political response to climate change and high oil prices, a report found on Thursday. Public and private investment in clean energy dominated by wind energy ...

Shell optimistic for Malaysian oil, gas industry

KUALA LUMPUR, Jan. 7 - World's oil giant Shell will continue to expand its investment in Malaysia in view of the potential of its deepwater fields. Malaysia is a key country for the Shell group so that it will continue to invest in the country to sustain and strengthen its ...

Chevron says Nippon Oil to buy LNG from Gorgon project

PERTH/TOKYO, Jan 7 - U.S. major Chevron Corp (CVX.N) has signed a deal with Japan's Nippon Oil Corp (5001.T) for the sale of liquefied natural gas (LNG) from its Gorgon project in Australia, bringing total gas sales from the project to over 80 percent. Chevron said on Thursday it ...

China eyes LNG import deals, private oil stockpiles

BEIJING - China hopes to clinch more deals on liquefied natural gas (LNG) imports and speed up construction of LNG receiving terminals, gas pipeline and storage facilities this year, the country's energy head said. The country will take advantage of excess supply in the ...

FuelCell Energy soars on hopes of govt incentives

BANGALORE - FuelCell Energy Inc shares rose 20 percent Tuesday on what one analyst termed as bullish bets by investors on a push for government incentives by the fuel-cell industry. The surge came after The Washington Times quoted a FuelCell Energy executive as saying his company ...

Samsung Total to produce gas oil for export

SEOUL - South Korea's Samsung Total Petrochemicals will produce gas oil from June, and aims to export the oil product, company sources said on Monday. The petrochemical producer will invest 50-60 billion won ($42.66-$51.19 million) for facilities to blend sub-products from its ...

Iraq resumes full crude oil exports via Turkey: NOC

KIRKUK, Iraq - Iraq resumed full crude oil exports through its northern pipeline to Turkey on Monday after reported sabotage of the link halted flows last week, an official at the state-run North Oil Company said. In the Turkish port of Ceyhan, meanwhile, one ship was now loading ...

Delta Petroleum explores strategic alternatives

BANGALORE, Nov 30 - Independent oil and gas company Delta Petroleum Corp (DPTR.O) said it is exploring strategic alternatives, including a possible sale of the company. The company, whose core areas of operations are the Rocky Mountain and Gulf Coast regions, said it hired Morgan ...

Forest Oil to sell Permian assets for $800 mln

Nov 30 - Forest Oil Corp (FST.N) said it agreed to sell its remaining Permian Basin properties to SandRidge Energy Inc's (SD.N) unit for about $800 million, as it looks to focus on shale assets and repay debt. SandRidge said it expects the Permian properties to increase its oil ...

Poland, Russia may not agree gas contract in 2009

KRAKOW, Poland, Nov 30 - Russia and Poland may not agree a gas contract by the end of this year, Poland's Deputy Prime Minister Waldemar Pawlak said on Monday, contradicting earlier comments by Warsaw and Kremlin officials. "In the current situation, I am not so certain anymore ...

Russia approves energy strategy until 2030

MOSCOW, Nov. 26 - The Russian government approved on Thursday an energy strategy until 2030, which foresees an increase in energy output and a declining reliance on natural resources. Prime Minister Vladimir Putin has ordered the Energy Ministry, the Economic Development Ministry...

Nippon Oil Dec crude runs to dip 1 pct

TOKYO, Nov 30 - Japan's Nippon Oil Corp (5001.T) plans to refine 1 percent less crude oil in December than a year ago, the same rate of annual decline as in November, as it maintains a pessimistic view of demand even with winter approaching. Although Japan has emerged from its ...

Canadian Energy to buy U.S-based Champion Drilling

Nov 26 - Canadian Energy Services (CEU_u.TO) said it would acquire U.S.-based Champion Drilling Fluids Inc in a deal valued at about $16.7 million to strengthen its foothold in the United States. Canadian Energy, which makes drilling fluid systems for the oil and natural gas ...

Emera sells C$225 mln 10-year debt - term sheet

NEW YORK, Nov 25 - Emera Inc (EMA.TO) sold C$225 million ($214 million) of medium term notes, according to a term sheet seen by Reuters on Wednesday. The 4.83 percent notes, which are due Dec. 2, 2019, were priced at C$99.929 to yield 4.839 percent or 155.8 basis points more than ...

Goodrich Petroleum to buy Haynesville assets in Texas

Dec 3 - Independent oil and gas explorer Goodrich Petroleum Corp (GDP.N) said it agreed to buy 12,000 net acres in the Haynesville shale in Texas, and forecast production volumes to grow 15 percent to 25 percent in 2010. Goodrich Petroleum also set a preliminary 2010 capital ...
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IMF chief warns of risks to recovery
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sports

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