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Fierce competition in scramble for Libya’s black gold
After 20 years of isolation, Libya has become the destination of choice for hungry oil companies ready to cut any kind of deal to get a piece of the north African state’s oil riches.
“It’s a race for our black gold,” president of the National Oil Company Shukri Ghanem told AFP. “We are organising it like [...]
De Beers, DME to Create Stand Alone Mine Company
Diamond mining giant De Beers and South Africa’s Department of Minerals and Energy (DME) on Friday announced the formation of a new stand alone diamond mining company.
In terms of the deal, announced in Cape Town on Friday, following full consultation with affected parties, the West Coast operations of Alexkor and De Beers Consolidated Mines’ (DBCM) [...]
State bars PG&E and other power companies from buying dirty power
California power companies will be barred from buying electricity from most coal-fired power plants after state utility regulators adopted new limits on emissions of heat-trapping gases linked to global warming.
Thursday’s 4-0 vote by the Public Utilities Commission prohibits investor-owned utilities from entering long-term contracts to obtain electricity from sources that emit more carbon dioxide than [...]
CEO on energy group that will discourage coal-fired power plants
A high-powered group including Duke Energy’s Jim Rogers will unveil its plan today to address global warming by discouraging coal-fired power plant projects similar to one Rogers urged N.C. regulators to approve on Friday.
Opponents of Duke’s proposal to build two 800-megawatt coal-fired units at its Cliffside facility west of Charlotte say Rogers is contradicting himself.
Oil & gas to fuel UMW earnings
UMW Holdings Bhd expects the oil and gas sector, into which it began a serious push five years ago, to contribute a quarter to its bottom line for 2007 compared with 20% last year.
UMW managing director Datuk Dr Abdul Halim Harun said the greater contribution would come from the pipes plants in China and Malaysia [...]
Russia defends its gas honor
This year has been the most eventful for Russia’s energy policies since the break-up of the Soviet Union.
Moscow has convinced everyone that the many years of subsidized gas prices for neighboring economies are becoming a thing of the past and that it is firmly determined to defend the position of its energy industry on the [...]
ata wants to mine South Africa’s chrome, manganese, coal and iron-ore
A new Indian force is about to enter the South African mining industry.
Indian diversified industrial giant Tata has announced that its sub-sidiary, Tata Steel, is investigatingopportunities to mine chrome, manganese, coal and iron-ore in South Africa.
The announcement was made at the official inauguration of theconstruction of Tata Steel’s R670-million high-carbon ferrochrome plant in the port [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
ICIS insight Asia Launches India Petrochemicals Report
ICIS insight Asia, a division of ICIS, today launches a new India report that will focus on key developments in the country’s petrochemical industry.
“With India projected to emerge as one of the top five economies in the world in 2025, interest in the country is at an all-time high. India’s rapid economic growth in the [...]
