Tag: energy

Cyprus: exploratory drilling for gas to begin soon

U.S. firm Noble Energy will soon begin exploratory drilling to confirm oil and gas deposits beneath the sea bed off Cyprus’ southern coast despite Turkey’s attempts to prevent such a move, the island’s president said today.  More »

IEA cuts forecast for crude oil demand

The International Energy Agency cut global oil demand forecasts for this year and next as the economic recovery falters.  More »

BP stops Russian court order allowing Moscow office raids

BP Plc said it halted a court ruling in Russia that led to raids on its Moscow offices last month while it appeals.  More »

Libyan oil production expected to ramp up faster

Oil production in Libya should ramp up faster than previously forecast, the International Energy Agency said today, but the North African country still won’t be at full capacity at the end of next year.  More »

Death toll in Kenya pipeline explosion rises to 82

A Red Cross official says the death toll from a gasoline pipeline explosion in the Kenyan capital has risen to 82.  More »

Baker Hughes plans to hire about 2,000 workers in 2011

Bakers Hughes Inc. plans to hire about 2,000 workers in the U.S. this year and “several thousand” in other nations, a spokeswoman said.  More »

Much-needed housing is set for Kenedy

A San Antonio-area developer has purchased 166 acres in Kenedy for a project to help fill the desperate need for housing for oil field workers in the Eagle Ford shale.  More »

Oil rises a second day on forecast of shrinking inventories

Oil rose for a second day in New York before data forecast to show that crude supplies declined a second week in the U.S., the largest consumer of the commodity.  More »

Nuclear agency’s board adopts safety plan

A 35-nation meeting of the U.N. nuclear agency has adopted a post-Fukushima nuclear safety plan — despite gripes by some nations that it is too timid.  More »

Obama team backed Solyndra aid as auditors were wary

Two months before President Barack Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.”  More »

NRC staff proposes earthquake hazard review

The U.S. Nuclear Regulatory Commission should require power-plant owners to re-evaluate “without delay” their readiness to withstand earthquakes and floods, the agency’s staff said.  More »

Study: Natural gas won’t slow down climate change

Relying more on natural gas and less on coal would do “little” to slow down global warming despite far less carbon dioxide being released, a new study found.  More »