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The world is counting on a breakthrough at the United Nations Climate Change Conference in Bali, Indonesia, Secretary-General Ban Ki-moon told delegates at the summit, calling the fight against global warming “the moral challenge of our...
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India expects to attract at least four billion dollars of investment in oil and gas hunt in the seventh round of auction of acreage under New Exploration Licensing Policy (NELP) which was launched on Thursday. Petroleum Minister Murli Deora announced...
Tenaga Nasional Bhd., Malaysia’s biggest power utility, wants the government to let it raise electricity prices every year for a decade to compensate for a planned reduction in fuel subsidies.
After the natural gas subsidy to Tenaga is removed,...
Senate tax writers today unveiled a revamped energy tax package that lets smaller producers off the hook and zeroes in on the major oil companies for higher taxes. With the Senate poised to vote as early as Thursday on a $21.8 billion energy bill, the...
Ivory Coast explorers Edison of Italy, Tullow of Ireland and KUFPEC of Kuwait have been awarded a 1,000 square kilometres to survey in by authorities in Abidjan, the Ivorian capital.
Permit No. 102 will be 31.5 percent Edisona’s, 27-percent...
Oil prices climbed above 90 dollars on Wednesday as the market awaited the latest weekly snapshot of US energy inventories and after crude had jumped sharply the previous day.
New York’s main contract, light sweet crude for January delivery,...
The world’s largest miner BHP Billiton on Wednesday said it would continue to seek takeover talks with Anglo Australian mining giant Rio Tinto but declined to increase its existing bid.
BHP Billiton said the bid it tabled last month offering...
US energy giant ExxonMobil said Tuesday it would seek regulatory approval for a floating liquefied natural gas (LNG) terminal to help meet the growing energy needs of New Jersey and New York.
The project called BlueOcean would have the capacity to...
Senior trade officials from the United States and Brazil clashed Sunday over a US-EU proposal for fewer tariffs and trade barriers on environmentally-friendly goods and services. Celso Amorim, Brazil’s minister of foreign relations, said there...
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