News Archive - February 2010


Repsol to begin drilling for oil near Falkland Islands

Spanish oil company Repsol has announced plans to drill for oil in Falklands territorial waters, as Argentina continues to protest its sovereignty over the area
A Repol Oil Rig

Centrica to buy Suncor’s Trinidad and Tobago gas assets

Centrica, the parent company of British Gas, has signed an agreement to acquire equity interests in Suncor’s Trinidadian gas blocks
Centrica

Qatar Petroleum and ExxonMobil announce start of operations of AKG-2

Qatar Petroleum and ExxonMobil have announced that the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009
Qatar Petroleum and ExxonMobil announce start of operations of AKG-2

Drax releases FY 2009 results

Drax, the coal-fired power station owner, has said a rapid return to economic growth in the UK is unlikely
Drax releases FY 2009 results

Oil prices soar to six-week high

The price of oil is at a six-week high in the face of a weakening dollar
Oil

Wall Street Green Trading Summit next month

Ninth annual event in New York City will examine carbon trading and finance, renewable energy credits, renewable hedge funds and more
Speaker at the 2009 WSGTS in New York City

Husky Energy CEO to retire, expected to run Asia business

The CEO of Husky Energy, Canada’s second-largest oil producer and refiner, plans to step down and take leadership of the company’s Asian business
Husky Energy CEO to retire

ConocoPhillips, BP America quit climate coalition

The oil companies said the bill under consideration did not attach enough importance to natural gas, which they promote as a way to curb carbon emissions blamed for global warming
ConocoPhillips, BP America quit climate coalition. Image © BP p.l.c.

Stan Miroshnik appointed EVP Strategy and Business Development at TNK-BP

TNK-BP is Russia’s third largest oil company, owned by BP and AAR (Alfa, Access Renova). It also owns close to 50 percent of Russian oil and gas company, Slavneft.
TNK-BP

Devon Energy’s restructuring begins to pay off

Company reports a fourth-quarter profit that was way above market expectations
Devon’s Bridgeport natural gas processing plant is one of the largest in the U.S.

OSD Pipeline expands operations to New Zealand

The New Plymouth location will answer local demand for specialized asset services
OSD Pipeline has expanded its service to New Zealand.

Renewable energy executives urging US clean power standard

Approximately 29 of the nation’s states have regulations; Obama and the renewable sector are requesting a national guideline
Renewable energy executives urging US clean power standard

Ricardo Raineri to fill Chile’s Energy Minister role

President-elect Sebastián Piñera is nominating the Universidad Católica economics professor
Ricardo Raineri is set to be Chile's next Energy Minister.

Algeria interested in PBMR Company’s nuclear reactor technology

South Africa’s PBMR could help meet North Africa’s power generation and desalination needs
Algeria interested in PBMR Company's nuclear reactor technology.

Energizer Resources releases technical report on Green Giant Vanadium Project

The NI 43-101 document confirms two large-scale vanadium deposits on the Madagascar property
Energizer Resources has released a technical report on its Green Giant Project in Madagascar.

Kleen Energy gas power plant explosion in Connecticut

Number of casualties is expected to rise as emergency personnel search through rubble
Snoke rises from the Kleen Energy gas plant explosion on Sunday. (AP photo)

Nkwe Platinum Ltd Garatau platinum project sees 300 percent increase in resource estimate

Nkwe and Xstrata have a joint agreement for the site in South Africa’s Bushveld Complex
Nkwe Platinum Ltd Garatau platinum project has seen a 300 percent increase in its resource estimate.

Emission targets filed for Copenhagen Accord

A majority of developed and developing nations met the Jan. 31 deadline, the first leg of a global effort to combat greenhouse gas
Emission targets have been filed by developed and developing countries.

China has become the leader in manufacturing for wind and solar

The nation is attracting foreign companies like Vestas with its growth and low wages
China has become the world leader in manufacturing for wind and solar.

B&W PGG’s CO2 capture method successful in coal-fired plant test

A branch of The Babcock & Wilcox Company, the company aims for further pilot-testing of the RSAT technology
B&W PGG has found success with a CO2 capture method used in a coal-fired plant test.

Associations and Events

CRFA summit

Canadian Renewable Fuels Association

CRFA is taking an active part in promoting a future where the use of sustainable energy sources is mainstream....

Western States Petroleum Association

Western States Petroleum Association

Canadian Solar Industries Association

CanSIA has been the trusted voice of Canada’s solar industry for more than 30 years

Western States Petroleum Association

Western States Petroleum Association provides consumers and businesses with adequate, reliable and affordable....

The Independent Oil & Gas Association of New York

This organization is educating New Yorkers on natural gas development
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