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Oil & Gas

Africa says poor need billions to fight climate fight

April 21, 2009
Reuters reports that developing nations will need at least $267 billion a year by 2020 to fight climate change and adapt to droughts, heat waves and rising seas, according to
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Biomass energy could be carbon "sinner": UK study

April 21, 2009
According to Reuters, Britain should only support energy production from burning wood and other biomass where proven carbon cuts result, said a report by the Environment Agency, a public body
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Gunmen attack Nigerian oil facility

April 13, 2009
The Associated Press reports that gunmen riding in 18 boats attacked a military houseboat outside an oil facility in restive southern Nigeria, commandeering a naval vessel and killing one sailor,
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More bodies found from North Sea helicopter crash

April 6, 2009
Police confirmed that divers searching for the final victim of a deadly helicopter crash off the Scottish coast found the man''s body, reported by the Associated Press. Seven other bodies
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China''s CNPC eyeing Petro-Canada assets

April 6, 2009
Top Chinese oil firm China National Petroleum Corp is eyeing $5 billion of assets in Syria and Libya held by Petro-Canada, reports the Reuters. CNPC, parent of PetroChina, has approached
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Enbridge Ontario Wind Power turns on green energy in Kincardine

April 6, 2009
Enbridge Inc. officially opened the 115-turbine Enbridge Ontario Wind Power project in the Kincardine area, which is capable of producing up to 190 megawatts of renewable electricity. The Honourable George
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Arrow Energy buys coal steam gas stake for $286 million

April 6, 2009
Australia''s Arrow Energy Ltd. will pay up to A$400 million ($286 million) for a 40 percent stake in the Tipton West field to boost its coal steam gas reserves
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Iraq invites bids to develop oil field

March 25, 2009
The Iraqi Oil Ministry has invited three international oil companies to bid on developing a prized oil field in southern Iraq as part of an accelerated plan to boost production,
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Shell''s renewables strategy to focus on biofuels

March 18, 2009
Royal Dutch Shell PLC, Europe''s largest oil company, announced its alternative energy strategy would focus more on biofuels than wind or solar energy, reported the Associated Press. They also revealed
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Kuwait to scrap $14 billion refinery project

March 16, 2009
Kuwait is scrapping a $14 billion project to build a fourth refinery in the oil-rich country, the prime minister said in remarks published by the Associated Press. The announcement
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