Paris (UPI) Jun 3, 2013 - It will require $48 trillion in investments through 2035 to meet the world's growing energy needs, the International Energy Agency said Tuesday from Paris.
Manila, Philippines (UPI) Jun 3, 2013 - The Philippines government has released guidelines for renewable energy projects to be considered for feed-in-tariffs as part of the country's target to triple renewable energy capacity by 2030 to at least 15,000 megawatts of installed capacity.
London (UPI) Jun 3, 2013 - A small energy company, Union Jack Oil, said there may be as much as 5.4 billion barrels of oil and 2.7 trillion cubic feet of gas in British shale deposits.
Hamilton, Bermuda (UPI) Jun 3, 2013 - Offshore drilling company Seadrill Ltd. said it signed a $1.1 billion deal with French energy company Total to help develop reserves in the deep waters off the Nigerian coast.
Moscow (UPI) Jun 3, 2013 - Ukrainian energy company Naftogaz has yet to pay for more than 340 billion cubic feet of Russian natural gas, a spokesman for Gazprom said Tuesday.
Algiers, Algeria (UPI) Jun 2, 2013 - The Algerian government views shale oil and natural gas as a way to add diversity to its energy sector, Algerian Energy Minister Youcef Yousfi said.
Washington (UPI) Jun 2, 2013 - Enough energy was produced in the United States last year to meet more than 80 percent of the nation's demands, the Energy Department said Monday.
Washington (UPI) Jun 2, 2013 - Exxon Mobil won the first three oil and gas leases for an area straddling the U.S.-Mexican border in the Gulf of Mexico, the U.S. Interior Department said.
Moscow (UPI) Jun 2, 2013 - Russian oil company Gazprom Neft said Monday it started preliminary oil production from the Badra oil field in Iraq, where it serves as the operator.
Houston (UPI) Jun 2, 2013 - Marathon Oil Corp. said Monday it sold off its Norwegian subsidiary to its Norwegian counterpart, Det Norske, for $2.7 billion.
Houston (UPI) Jun 2, 2013 - Goodrich Petroleum Corp. said Monday it was declaring success with its latest hydraulic fracturing campaign in a shale basin in Mississippi.
Hanoi, Vietnam (UPI) Jun 2, 2013 - Amid tensions over a Chinese oil rig in disputed waters, an economic policy center in Hanoi said Vietnam needs to take steps to reduce its ties to China.
Ankara, Turkey (UPI) Jun 2, 2013 - Turkey says its move to acquire a stake in the Shah Deniz natural gas field off the coast of Azerbaijan is part of a regional diversification strategy.
Moscow (UPI) Jun 2, 2013 - Payments for gas deliveries in February and March were made by the Ukrainian government, averting a disruption, the Russian Energy Ministry said Monday.
Port Of Spain (AFP) June 1, 2013 - Chinese President Xi Jinping held talks on the Asian giant's energy needs with leaders of Trinidad and Tobago, as he prepared to wrap up Sunday his first stop on a regional tour.
Ottawa (AFP) May 31, 2013 - Canada's westernmost British Columbia province on Friday rejected a proposed pipeline to move crude from the oil sands of Alberta province to the Pacific coast, citing environmental concerns.
