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Kosmos Cancels Deal To Sell Ghana Oil Assets To Exxon

Kosmos Cancels Deal To Sell Ghana Oil Assets To Exxon

Τετ, 18 Αυγούστου 2010 - 17:28

Kosmos Energy LLC said Wednesday it has called off the sale of its Ghana oil assets to Exxon Mobil Corp. (XOM), dealing a blow to the U.S. oil major's drive to tap a major new oil region in West Africa.

Australias Energy Industry Gains Momentum

Australia's Energy Industry Gains Momentum

Τετ, 18 Αυγούστου 2010 - 17:28

Three deepwater natural-gas discoveries off the western coast of Australia, announced this week by Chevron Corp. and Woodside Petroleum Ltd., could add momentum to the nation's emergence as a top exporter of the fuel.

Two China New Energy Firms Eye $2 billion in IPOs

Two China New Energy Firms Eye $2 billion in IPOs

Τετ, 18 Αυγούστου 2010 - 14:36

China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday.

Bulgaria, Azerbaijan Inch Closer to Gas Deal

Bulgaria, Azerbaijan Inch Closer to Gas Deal

Τετ, 18 Αυγούστου 2010 - 14:35

Bulgaria and Azerbaijan are inching closer to a deal that would allow Azeri gas deliveries of about 2 billion cubic meters (bcm) to the Balkan country by the end of 2013, state gas company Bulgartransgaz said yesterday. Bulgaria has stepped up efforts to reduce its almost complete dependence on Russian gas by diversifying routes and supplies after a dispute between Russia and Ukraine left it without gas for weeks in early 2009.

New Battery Technology Could Make Electric Vehicles Affordable

New Battery Technology Could Make Electric Vehicles Affordable

Τετ, 18 Αυγούστου 2010 - 14:34

Although EV is a greener alternative and a dream of many, but the biggest hitch is its cost. In most of the electric cars, the battery pack alone cost well over $10,000. So, bringing down this figure could make electric vehicles competitive with gasoline-fueled cars. Attempting to solve this problem, 24M, a new startup company that spun out of the advanced battery company A123 Systems will be develop a new kind of battery that holds the potential to cut battery costs by 85 percent.

BP Spill Could Prove Positive For Green Stocks

BP Spill Could Prove Positive For Green Stocks

Τρι, 17 Αυγούστου 2010 - 15:12

As a former environmental adviser at BP (BP.LN), Jupiter Asset Management's Charlie Thomas is better placed than many to comment on the impact of the recent disaster on oil company policy, says the funds team at Oriel Securities. Thomas, fund manager of both the Jupiter Green Investment Trust and the Jupiter Ecology Fund suggested in a recently published trading update that big multinational companies may now be more willing to invest in energy efficiency technology to lessen their environmental impact

Anadarko Discovers Oil In Offshore Mozambique

Anadarko Discovers Oil In Offshore Mozambique

Τρι, 17 Αυγούστου 2010 - 15:12

U.S. oil company Anadarko Petroleum Corp. (APC) has discovered offshore oil deposits in northern Mozambique, but studies are still underway to determine if they are commercially viable, state media reported Tuesday.

Lebanon Parliament To Vote On Offshore Oil, Gas Rights Bill

Lebanon Parliament To Vote On Offshore Oil, Gas Rights Bill

Τρι, 17 Αυγούστου 2010 - 15:11

Lebanese lawmakers were to vote Tuesday on a law authorizing the exploitation of offshore oil and natural gas reserves, paving the way for an auction on rights to the potential resources, an official said.

China Coal: Confident Coal Output Will Reach 200 Mln Tons In 2014

China Coal: Confident Coal Output Will Reach 200 Mln Tons In 2014

Τρι, 17 Αυγούστου 2010 - 15:11

China Coal Energy Co. (1898.HK), the country's second-largest coal producer by revenue after Shenhua Energy Co., said Tuesday it is confident it will be able to raise its coal output to 200 million metric tons in 2014, from the 108.56 million tons it produced last year.

Gas Discoveries Support Australia LNG Expansion

Gas Discoveries Support Australia LNG Expansion

Τρι, 17 Αυγούστου 2010 - 15:11

Three significant deep water gas discoveries off the west coast of Australia announced this week by Chevron Corp. (CVX) and Woodside Petroleum Ltd. (WPL.AU) could support the expansion of two giant liquefied natural gas projects, adding momentum to the nation's emergence as a top natural gas exporter.

Angola Seeks $3B Loan Secured Against Oil Sales -BNP

Angola Seeks $3B Loan Secured Against Oil Sales -BNP

Δευ, 16 Αυγούστου 2010 - 15:01

The Angolan unit of troubled U.K.-listed oil giant BP PLC (BP) has launched a syndication arranged by BNP Paribas SA (BNP.FR) and Standard Chartered PLC (STAN.LN) to obtain a $3 billion term loan facility secured against crude oil sales from offshore fields, the banks said Monday.

Iran 1st Nuclear Power Plant To Launch Aug 21 - Russia

Iran 1st Nuclear Power Plant To Launch Aug 21 - Russia

Παρ, 13 Αυγούστου 2010 - 13:15

Iran's first nuclear power plant, being built by Russia in the southern city of Bushehr, will formally launch next week, a spokesman for the Russian atomic agency told AFP Friday.