Energy Resources - UPI.com

Sweden and Finland back Nord Stream

Fri, 06 Nov 2009 14:59:19 -0500

STOCKHOLM, Sweden, Nov. 6 (UPI) -- Sweden and Finland cleared the way for the Nord Stream gas pipeline project aimed at linking Russia and Germany under the Baltic Sea.

Eni clinches deal in Kazakhstan

Fri, 06 Nov 2009 13:22:13 -0500

ROME, Nov. 6 (UPI) -- Italian energy giant Eni announced the signing of an agreement with the government of Kazakhstan to explore industrial facilities in the energy-rich country.

Nabucco OK for gas supplies?

Fri, 06 Nov 2009 12:16:10 -0500

BAKU, Azerbaijan, Nov. 6 (UPI) -- There are enough gas supplies in the Middle East and Caspian region to meet the capacity requirements for the Nabucco pipeline, officials say.

Need trumps will for Copenhagen

Fri, 06 Nov 2009 11:52:03 -0500

WASHINGTON, Nov. 6 (UPI) -- Pessimism over the prospects of reaching a comprehensive climate deal at a conference in Copenhagen should not discourage a push for change, analysts say.

Demand haunts Nord Stream advances

Fri, 06 Nov 2009 11:50:33 -0500

BRUSSELS, Nov. 6 (UPI) -- Political advances for the Nord Stream natural gas pipeline could be overshadowed by declining gas demand in response to climate-change policy, analysts say.

American Midstream in pipeline grab

Fri, 06 Nov 2009 11:46:18 -0500

DENVER, Nov. 6 (UPI) -- American Midstream Partners announced the completion of a $151 million deal to acquire 12 natural gas pipelines and assets from Enbridge Energy Partners.

Italy, South Korea in deal for Iranian gas

Fri, 06 Nov 2009 11:39:55 -0500

TEHRAN, Nov. 6 (UPI) -- Iran signed contracts with Italian and South Korean companies to develop phase 12 of the South Pars natural gas field, official said.

KBR lands Saudi phenol deal

Fri, 06 Nov 2009 11:38:45 -0500

HOUSTON, Nov. 6 (UPI) -- American engineering and construction company KBR said it won a contract by Saudi Kayan Petrochemical Co. to develop a training program at a phenol plant.

U.S., EU talk energy security

Fri, 06 Nov 2009 11:26:25 -0500

WASHINGTON, Nov. 6 (UPI) -- The United States and the European Union launched a high-level council meant to address clean technology and energy security.

U.S. Army to enhance hybrid Hummer

Fri, 06 Nov 2009 11:25:19 -0500

INDIANAPOLIS, Nov. 6 (UPI) -- Battery manufacturer EnerDel announced a deal with the U.S. Army to develop the next generation of lithium-ion batteries for the hybrid Humvee military vehicle.

Brazil subsalt oil project receives Chinese funding

Fri, 06 Nov 2009 11:00:00 -0500

RIO DE JANEIRO, Nov. 6 (UPI) -- Brazil's gigantic subsalt oil exploration and development project has received a $10 billion cash boost from China at the same time as the Chinese state oil company has bought its first oil asset in the United States.

U.N. No. 2: Help fight climate change to avoid 'water war'

Fri, 06 Nov 2009 00:41:00 -0500

By DALAL SAOUD
BEIRUT, Lebanon, Nov. 6 (UPI) -- U.N. Deputy Secretary-General Asha-Rose Migiro said the Middle East is "in a challenging situation" and would need stability to achieve development, emphasizing the need to fight climate change to help avoid the next major conflict in the embattled region: "Water War."

German giants to build U.K. reactors

Thu, 05 Nov 2009 17:52:28 -0500

DUESSELDORF, Germany, Nov. 5 (UPI) -- German energy giants Eon and RWE have decided to team up to build nuclear power plants in Britain, promising to invest around $25 billion in the endeavor.

ADB: Asia-Pacific energy needs trillions

Thu, 05 Nov 2009 17:41:12 -0500

TOKYO, Nov. 5 (UPI) -- The Asia-Pacific region needs to invest between $7 trillion and $9.7 trillion in the energy sector between 2005 and 2030 to meet the rapidly growing demand for energy, according to a report by the Asian Development Bank.

Iraq outsmarts Big Oil over contracts

Thu, 05 Nov 2009 17:38:04 -0500

BAGHDAD, Nov. 5 (UPI) -- The Iraqi government's hardball tactics with oil majors demanding a bigger slice of the profits from taking over the country's rundown oil fields are paying off.

Shell approved as South African bidder

Thu, 05 Nov 2009 11:39:25 -0500

THE HAGUE, Netherlands, Nov. 5 (UPI) -- Royal Dutch Shell announced it was approved as a bidder for exploration rights in the Orange Basin in the South Atlantic by South African petroleum authorities.

EU to prevent carbon leakage

Thu, 05 Nov 2009 11:27:57 -0500

BRUSSELS, Nov. 5 (UPI) -- The European Parliament announced industries considering leaving the region to escape carbon-trading rules could get allowances to encourage them to stay.

Imperial Petroleum buys more wells in La.

Thu, 05 Nov 2009 11:27:00 -0500

EVANSVILLE, Ind., Nov. 5 (UPI) -- Indiana-based Imperial Petroleum Inc. announced it signed a letter of intent to acquire oil wells in Louisiana with estimated reserves of 200,000 barrels.

Sweden gives OK to Nord Stream

Thu, 05 Nov 2009 11:26:05 -0500

STOCKHOLM, Sweden, Nov. 5 (UPI) -- Sweden on Thursday announced it gave permission to Nord Stream AG to lay two natural gas pipelines in the Swedish economic zone in the Baltic Sea.

Sinopec reaches LNG deal with Exxon Mobil

Thu, 05 Nov 2009 11:25:00 -0500

BEIJING, Nov. 5 (UPI) -- China Petroleum & Chemical Corp. signed a purchase deal for liquefied natural gas with Exxon Mobil Corp. in a sign of an expanding domestic gas market.

Copenhagen not just about the environment

Thu, 05 Nov 2009 11:20:53 -0500

PARIS, Nov. 5 (UPI) -- The environmental measures considered for the Copenhagen climate change summit in December would suppress natural gas demand significantly, a report indicates.

Alaska confident about gas pipeline

Thu, 05 Nov 2009 11:19:26 -0500

JUNEAU, Alaska, Nov. 5 (UPI) -- The TransCanada natural gas pipeline for Alaska is on schedule despite economic concerns and alternate options in gas shale, Alaskan officials said.

Exxon, Shell grab Iraqi oil deal

Thu, 05 Nov 2009 11:18:21 -0500

BAGHDAD, Nov. 5 (UPI) -- Supermajors Exxon Mobil and Royal Dutch Shell on Thursday won the rights to develop the West Qurna-1 oil field in southern Iraq.

GDF Suez, E.ON finalize energy swap

Thu, 05 Nov 2009 11:16:56 -0500

PARIS, Nov. 5 (UPI) -- French utility giant GDF Suez and Germany's E.ON finalized a capacity exchange deal that was part of a pledge to diversify the energy market.

Australian oil rig leak plugged, fire out

Wed, 04 Nov 2009 16:07:17 -0500

SYDNEY, Nov. 4 (UPI) -- The operator of an oil rig in the Timor Sea announced Tuesday it plugged the leak that had been spewing oil for 10 weeks and brought under control a massive fire that had been burning since Sunday.