News Archive - February 2009

U.K. climate change minister wants funding for carbon capture projects

Miliband says U.K. should capture carbon emitted from coal plants

Coal comeback continues: Report

Longer-term the outlook may be different due to climate concerns

Centrica to create 1,500 green jobs in 2009

British utility firm to buy stake in gas field

Obama to spend $15 billion on solar and wind

Renewable energy a priority for Obama administration

Nigeria looking to become global gas supplier

Domestic demand must be met before foreign companies can tap reserves

More green jobs could help fight recession, says Germany

Government says increasing investment in renewable energy sector could stave off recession

Namibia to diversify energy industry with US$1 billion project

Energy shortages spur NamPower to continue with Kudu project

Israel looking to explore gas deposits

Energy concerns push Israel to look for gas offshore

U.S. Department of Energy to set new rules

New recovery legislation will bring changes to how energy loans and funding are distributed

E.P.A expected to regulate CO2

Agency to reconsider carbon dioxide requirements for coal plants

Alberta moves to address ‘dirty oil’ concerns

Government outlines plan to tackle environmental concerns

Slovakian gas distributor signs deal to prevent big chill

SPP signs agreement with German gas providers to secure gas supplies

Canadian PM creates carbon trading minister position

Stephen Harper appoints former finance specialist to deal with continental carbon scheme

Dana buys Bow Valley for $219 million

Dana Petroleum looking to buy other troubled companies

Oil sands producers gird for Obama's Canada visit

Canada's oil sands industry, battered by collapsing oil prices, also faces the prospect of ballooning costs as the United States and Canada prepare to discuss energy security and efforts to fight global warming

Gazprom CEO and U.S. Ambassador meet to discuss Russian-U.S. energy cooperation

Russia looking to bolster presence in U.S. market

Threats on foreign oil companies operating in Nigeria increasing

Security concerns disrupting production

EnCana reports profit

2008 profit rises despite plunging oil and gas prices

Xstrata restructures Sudbury ops, cuts jobs

Mining group Xstrata Plc will restructure its Sudbury nickel operations in Canada and cut 686 permanent jobs there after a collapse in metal prices, the firm said on Monday.

E.ON to test wave power energy generation in Britain

E.ON is to launch a wave power energy generation trial in Britain next year, the British arm of the German energy group said Monday.

Scottish and Southern seen in Vattenfall bid talks

Southern Energy is in talks about a possible takeover bid from Swedish rival Vattenfall , the Mail on Sunday newspaper reported without citing sources.

Scottish and Southern to slash energy prices

Scottish and Southern Energy said on Friday it would slash electricity and gas prices as wholesale costs stay lower.

BG fourth-quarter net profit up 25 percent

Gas producer BG Group said net profit rose sharply and beat forecasts in the fourth quarter, and gave a buoyant outlook for future growth, lifting its shares over 8 percent.

BG Group Chief Financial Officer Ashley Almanza is seen in this undated handout photo. REUTERS/Vismedia/Handout

BP profit falls on lower oil price and Russia loss

BP missed analysts' forecasts with a 24 percent drop in fourth-quarter replacement cost net profit to $2.59 billion (1.82 billion pounds), due to a collapse in oil prices and a big loss at its Russian unit.

Union and Shell continue U.S. refinery talks

Talks for a new contract covering 24,000 U.S. refinery and chemical plant workers were "making good progress," a United Steelworkers union spokeswoman said on Monday.

A sign for a Shell petrol station is seen reflected in a car's wing mirror in London October 28, 2008. REUTERS/Toby Melville

Rio in asset sale talks with Chinalco

Global miner Rio Tinto said it had held talks to sell some assets to Chinese government-owned aluminium maker Chinalco, its biggest shareholder, reportedly to cut debt by up to $8 billion (5.6 billion pounds).