Archive for December, 2008

Iraq to offer 10 oil fields in year-end bid round

December 31st, 2008

BAGHDAD, Dec 30 (Reuters) - Iraq will put 10 oil fields up for tender in a new round of bidding for international contracts that opens on Wednesday, the oil minister said.
In comments on state-owned Iraqiya TV late on Monday night, Oil Minister Hussain al-Shahristani said the fields would include “giant discovered but undeveloped oil [...]

Oil settles below $40

December 31st, 2008

Investors respond to a weaker dollar, rising stock prices and grim economic reports.
By Ben Rooney, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — The price of oil fell Tuesday, after a big rally in the previous session, as dour economic reports darkened the outlook for already weak demand for oil and gasoline.
A weaker dollar and rising stock [...]

Incentives target green-energy consumers

December 31st, 2008

Thinking about going solar? There’s never been a better time than 2009.
Both the feds and the Governor’s Energy Office (GEO) are offering hefty rebates and tax credits as incentives for home and business owners to install energy-saving solar electric fixtures on residential or commercial properties.

Solar energy advocates are celebrating recent legislation that industry insiders have [...]

S&T receives EPA grants for solar research

December 31st, 2008

Missouri University of Science and Technology was recently awarded two $10,000 grants from the U.S. Environmental Protection Agency for research related to solar energy and energy management.
The following are primary investigators on both grants: Dr. Stuart Baur, assistant professor of civil, architectural and environmental engineering; Dr. Katie Grantham Lough, assistant professor of interdisciplinary engineering; and [...]

The Geysers taps solar power

December 31st, 2008

The Northern California Power Agency has completed a solar energy system to generate electricity for a pump station supplying water to one of its geothermal plants at The Geysers.
The $8.2 million solar array taps the sun for power PG&E previously provided to the pump station. The 2.2 million kilowatt hours of electricity generated annually is [...]

Nevada Power steams forward: Company considers geothermal stake in Northern Nevada

December 31st, 2008

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
The electric utility serving Las Vegas is preparing to consider its first investment in a geothermal power project in Northern Nevada, using a method just approved by state regulators.
Nevada Power Co., which does business as NV Energy, plans to enter a joint ownership agreement with Ormat Nevada, a geothermal [...]

German Gas Providers to Maintain Supplies Amid Ukraine Dispute

December 29th, 2008

By Nicholas Comfort
Dec. 29 (Bloomberg) — Natural-gas suppliers in Germany, Europe’s biggest energy market, expect to maintain deliveries of the heating fuel even as stockpiles fall to a seven-month low and Russia threatens to halt shipments to Ukraine.
Utilities E.ON AG and RWE AG and gas provider Wingas GmbH said customers won’t experience any disruption in [...]

Pennsylvania at the heart of new natural gas bonanza

December 29th, 2008

By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]

Myanmar signs gas deal with China

December 29th, 2008

YANGON, Myanmar (AP) — Myanmar’s government and four foreign companies have signed an agreement to sell natural gas from offshore fields to neighboring China, state media said Monday.
The agreement, signed last Wednesday, was the first for sales of gas from Myanmar’s northwestern offshore fields.
The New Light of Myanmar newspaper said South Korea’s Daewoo International and [...]

CNPC Natural Gas Lines Stretch Deeper into Hunan Province

December 29th, 2008

China National Petroleum Corporation (CNPC), parent company of PetroChina, signed last Sunday a framework agreement with south China’s Hunan province, under which CNPC will invest 3 billion yuan (around US $438.23 million) to construct natural gas projects in this area.
Under the framework, Hunan provincial government granted CNPC the franchise operation right on natural gas in [...]