Energy Tech
Climate group warns against burning of fossil fuel reserves
Sydney (UPI) Jun 17, 2013 - A new report calls for 80 percent of global fossil fuel reserves to stay in the ground to avoid climate change.
Energy Tech
Hong Kong tycoon buys Dutch waste-to-energy company
Hong Kong (AFP) June 17, 2013 - A consortium led by Asia's richest man Li Ka-shing said Monday it had agreed to buy a Dutch waste management company, in a deal worth more than $1billion.
Wind Daily
London signs off on 240-turbine offshore wind farm
London (UPI) Jun 17, 2013 - The British government said Tuesday it gave its consent for the development of a wind farm off the Suffolk coast that could power more than 800,000 homes.
Energy Tech
Most coal must stay in ground to save climate: report
Sydney (AFP) June 17, 2013 - Most fossil fuels must remain in the ground because burning them will unleash changes that will challenge the existence of our society, a new Australian government agency report warned Monday.
Oil and Gas
New oil tanker booked by Kinder Morgan
Houston (UPI) Jun 17, 2013 - The expansion of a contract with General Dynamics for a 300,000-barrel oil tanker exemplifies a commitment to U.S. marine transport of oil, Kinder Morgan said.
Oil and Gas
Norwegian oil production 2 percent higher than anticipated
Stavanger, Norway (UPI) Jun 17, 2013 - The government of Norway, one of Europe's top oil producers, on Tuesday said output so far this year is 2 percent greater than anticipated.
Oil and Gas
OPEC remains vital, but will struggle going forward, IEA says
Paris (UPI) Jun 17, 2013 - North American oil output is expected to rise at the same time OPEC begins to face strong headwinds, the International Energy Agency said Tuesday.
Oil and Gas
Oil arm of Russia’s Gazprom prepares for arctic drilling campaign
Moscow (UPI) Jun 17, 2013 - Russian energy company Gazprom Neft said it plans to conduct drilling operations in the northern Pechora Sea during the ice-free months of 2014.
Energy Tech
Persian Gulf states ‘unable to protect themselves’
Dubai, United Arab Emirates (UPI) Jun 17, 2013 - Despite massive spending on Western weapons, the Arab monarchies of the Persian Gulf are unable to secure themselves from any external threat - meaning Iran - and are running up huge public and foreign debt, a Gulf think tank says.
Oil and Gas
Polish gas pipeline project vital for European energy sector
Luxembourg (UPI) Jun 17, 2013 - The European Investment Bank said a Polish natural gas pipeline project will add a layer of diversity to the European gas corridor.
Oil and Gas
Shell sells off stake in Australian company Woodside Petroleum
Perth, Australia (UPI) Jun 17, 2013 - Shell said Tuesday it views Australia as a vital part of global energy market despite unloading its shares in Australian energy company Woodside Petroleum.
Oil and Gas
Turkey’s energy minister says to expect third shipment of Kurdish oil
Ankara, Turkey (UPI) Jun 17, 2013 - Ankara expects a third tanker loaded with oil from the Kurdish north of Iraq will leave port before the end of the month, the energy minister said.
Oil and Gas
Azeri gas a win-win situation, European president says
Baku, Azerbaijan (UPI) Jun 16, 2013 - Building a gas corridor from Azerbaijan is just as vital for European energy security as it is Azeri economic development, a top European leader said in Baku.
Energy Tech
Coal consumption highest since 1970
Washington (UPI) Jun 16, 2013 - As world leaders try to generate momentum for an international agreement on and solution to climate change, large amounts of coal continue to be produced and burned. In fact, coal consumption now accounts for more than 30 percent of the world's energy market - its highest share in 44 years.
Oil and Gas
‘Encouraging day’ for Pakistani gas, OMV says
Islamabad (UPI) Jun 16, 2013 - Austrian energy company OMV said Monday getting a new gas facility on stream in Pakistan was a major boost for the country's energy supplies.
Oil and Gas
Gazprom switches Ukraine to pre-payment because of overdue gas bills
Moscow (UPI) Jun 16, 2013 - Russia's Gazprom said Monday it switched Ukrainian gas company Naftogaz over to the new payment scheme because of $4.45 billion in overdue bills.