Energy Resources - UPI.com

Oil sector threatened by attacks

Fri, 10 Jul 2009 18:02:51 -0400

CAIRO, July 10 (UPI) -- In February 1991 Saddam Hussein put Kuwait's oil fields to the torch as his invading army was driven out of the emirate by U.S.-led forces.

Vattenfall's image tarnished

Fri, 10 Jul 2009 17:19:38 -0400

HAMBURG, Germany, July 10 (UPI) -- The reputation of Swedish energy giant Vattenfall has been tarnished by a series of incidents at nuclear plants all over Europe.

Pakistan weighs consortium options for IPI

Fri, 10 Jul 2009 14:00:46 -0400

ISLAMABAD, Pakistan, July 10 (UPI) -- Pakistani officials are considering whether to form a local or international consortium to move forward with plans for the Iran-Pakistan-India gas pipeline.

Chevron's interim report mixed

Fri, 10 Jul 2009 13:45:34 -0400

SAN RAMON, Calif., July 10 (UPI) -- California-based supermajor Chevron said upstream earnings for the second quarter of 2009 are expected to rise, though downstream results should see declines.

NRG refuses Exelon takeover offer

Fri, 10 Jul 2009 13:40:49 -0400

PRINCETON, N.J., July 10 (UPI) -- New Jersey-based power-generation company NRG Energy rejected a modified takeover bid from rival Exelon but welcomed future negotiations.

Gazprom Neft hit with antitrust verdict

Fri, 10 Jul 2009 13:38:34 -0400

MOSCOW, July 10 (UPI) -- Russian market regulators found Gazprom Neft, the oil arm of energy giant Gazprom, violated antitrust laws by abusing its dominant market position.

OPEC posts record revenues

Fri, 10 Jul 2009 13:36:11 -0400

VIENNA, July 10 (UPI) -- The annual revenue for the members of the Vienna-based Organization of Petroleum Exporting Countries passed $1 trillion in 2008, its highest posting yet.

New Delhi weighs role in IPI

Fri, 10 Jul 2009 13:33:57 -0400

NEW DELHI, July 10 (UPI) -- New Delhi sees the need to reconsider its position on the Iran-Pakistan-India pipeline on concerns over pricing arrangements and domestic gas reserves.

Iraq's Shahristani in uphill battle

Fri, 10 Jul 2009 13:24:14 -0400

BAGHDAD, July 10 (UPI) -- Iraqi Oil Minister Hussain al-Shahristani faces an uphill battle to continue his tenure amid a tense political climate and a beleaguered contract auction.

Alaskan pipeline set for milestone

Fri, 10 Jul 2009 12:03:45 -0400

FAIRBANKS, Alaska, July 10 (UPI) -- The Trans-Alaska oil pipeline system is set to pass a volume milestone this summer as plans commence to ease its reliance on North Slope oil reserves.

Ankara prepares for Nabucco agreement

Fri, 10 Jul 2009 12:00:39 -0400

ANKARA, Turkey, July 10 (UPI) -- Ankara said it has extended invitations to key Caspian gas suppliers in preparation for the signing of an intergovernmental agreement on the Nabucco pipeline.

TNK-BP ups stake in Lisichansk refinery

Fri, 10 Jul 2009 11:58:54 -0400

KIEV, Ukraine, July 10 (UPI) -- TNK-BP closed the necessary transactions to take near-complete control over the shares in the Lisichansk refinery, a top producing refinery in Ukraine.

China steps up buying spree in Africa

Thu, 09 Jul 2009 16:41:02 -0400

LAGOS, Nigeria, July 9 (UPI) -- China's oil companies, buoyed by the country's foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent's mineral wealth by Europe's great powers.

EU slaps E.ON, GDF with hefty fines

Thu, 09 Jul 2009 14:06:50 -0400

BRUSSELS, July 9 (UPI) -- The European Commission slapped Gaz de France-Suez and E.ON with combined penalties of more than $1.6 billion in an effort to dismantle combined markets.

ADB funds to cut China's greenhouse gases

Thu, 09 Jul 2009 14:04:30 -0400

MANILA, Philippines, July 9 (UPI) -- The Asian Development Bank Thursday announced a program to help fund new technology to substantially reduce greenhouse gas emissions in China.

Oil trends sustainable

Thu, 09 Jul 2009 13:56:18 -0400

NEW YORK, July 9 (UPI) -- Declines in oil prices, retreating from highs near $70 per barrel, are based on market principles, making speculators nervous.

U.S.-Russia row over energy, not missiles

Thu, 09 Jul 2009 13:53:04 -0400

TEHRAN, July 9 (UPI) -- The U.S.-Russian row over missile defense is a ruse meant to cover the notion that Cold War dynamics are manifested now in the energy sector, Iranians say.

SOCAR has 'infinite' client base

Thu, 09 Jul 2009 13:04:48 -0400

BAKU, Azerbaijan, July 9 (UPI) -- The State Oil Co. of Azerbaijan Republic is a diverse supplier as its trading offices establish relations with various partners, officials say.

Rockies gas pipeline delivers cheap gas

Thu, 09 Jul 2009 13:01:51 -0400

HOUSTON, July 9 (UPI) -- A natural gas pipeline from the Rocky Mountains in Colorado lessens U.S. dependence on Canadian gas by as much as 10 percent, analysts say.

TNK-BP feeling bullish

Thu, 09 Jul 2009 12:59:42 -0400

MOSCOW, July 9 (UPI) -- Anglo-Russian energy venture TNK-BP announced it will examine increasing its capital investment to match trends in the current market.

Oil prices hurt global economy

Thu, 09 Jul 2009 12:57:49 -0400

BAKU, Azerbaijan, July 9 (UPI) -- The increasing trend in energy prices could threaten the stability of global markets despite moves by the OPEC president.

Production starts at Tyrihans field

Thu, 09 Jul 2009 12:39:25 -0400

OSLO, Norway, July 9 (UPI) -- French energy giant Total announced production started at its offshore Tyrihans oil and gas field in the Norwegian Sea, the largest such effort for 2009.

ADNOC, ConocoPhillips deal for Shah gas

Thu, 09 Jul 2009 12:30:53 -0400

ABU DHABI, United Arab Emirates, July 9 (UPI) -- ConocoPhillips and the Abu Dhabi National Oil Co. signed deals Thursday for development of the Shah gas field in the United Arab Emirates.

Sibir Energy subsidiary raided in Moscow

Thu, 09 Jul 2009 12:20:50 -0400

MOSCOW, July 9 (UPI) -- Russian authorities raided offices of a subsidiary of the London-listed Sibir Energy in an apparent move to beleaguer a top shareholder, Chalva Tchigirinsky.

New biopackaging marketed in South America

Thu, 09 Jul 2009 09:00:00 -0400

SAO PAULO, July 9 (UPI) -- A U.S. company is introducing to South America a plastic packaging that is made from biomaterials rather than petroleum.