ConocoPhillips (NYSE: COP - News), JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.
KMG as majority owner will hold a 51 percent interest in the subsoil use contract and [...]

Sen. Ben Nelson
For more than a third of a century, Nebraska has been a leader in nuclear production and can serve as a model in addressing our Nation’s energy and environmental needs. While our state only has two nuclear plants — Fort Calhoun Nuclear Station north of Omaha and Cooper Nuclear Station near Brownville — [...]

Regional gas pipeline, power grid mooted
Southeast Asian nations have joined East Asian nations to draft a road map for a regional oil stock to avoid disruption in supply, said Dr Weerawat Chantanakome, energy policy planning councillor for the Ministry of Energy.
The plan concerns the Asean Petroleum Security Agreement (APSA), inked by Asean countries in March [...]

DUBAI (AFP) — The economies of Middle East oil exporters are likely to suffer from a possible prolonged global recession as demand for the region’s main export wanes, the International Monetary Fund said on Sunday.
Government expenditure, however, should mitigate the slowdown, the IMF said in a report released in Dubai.
Arab states in the Gulf and [...]

By Suzanne Bohan
Contra Costa Times
When the first Model T left the assembly line in 1908, by design it could run on ethanol or gas. Henry Ford, the car’s manufacturer, added that flexibility because he envisioned a day when ethanol — made from crops grown on American soil — would provide the bulk of fuel for [...]

BATON ROUGE, La.–(BUSINESS WIRE)–The Shaw Group Inc. (NYSE: SGR - News) today announced it has signed a strategic cooperation agreement with China’s State Nuclear Power Technology Corporation (SNPTC). The agreement is a task-order based contract, which allows both companies to issue tasks to support each other in growing nuclear infrastructure businesses.
This cooperation agreement fulfills the [...]

Energy Development Corporation (EDC) has expanded into the Indonesian geothermal energy market. The company has placed a representative branch in Indonesia to recognize potential projects there. EDC identified four locations in Indonesia for possible preliminary geothermal exploration activities. EDC’s entry into Indonesian opens a window to a market with an unexplored potential of 20,000 megawatts [...]

DUBAI: A new industry is swiftly taking shape around what is expected to be the Arab world’s first independent civil nuclear power programme, according to an engineering, safety and risk management consultancy.
“Several GCC countries have shown interest in nuclear energy but it is in the UAE where moves to establish a legal and regulatory [...]

By Maryelle Demongeot
SINGAPORE, Jan 19 (Reuters) - Oil fell almost 1 percent towards $36 a barrel on Monday in holiday-thinned trading, erasing some of the late gains made last week on short covering, with worries about weakening oil demand again at the forefront.
A ceasefire between Israeli forces and Hamas fighting in Gaza, together with [...]

LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]