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May 14, 2012
ENERGY TECH
Putin expects a lot from Rosneft, Statoil deal
Moscow, Russia (Voice of Russia) May 14, 2012
Russia's President- elect Vladimir Putin hopes that Rosneft-Statoil joint venture will ensure the development of a number of resource exploration-related spheres, including shipbuilding. He stated this during a meeting with Statoil's head Helge Lund in Moscow on May 5. Putin also praised multilateral partnership between the two companies and is sure that it will rapidly develop. He also promised support of joint projects by Russia's government. Helge Lund has confirmed readiness for lo ... read more

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Gazprom considers gas deliveries to Japan via pipeline
Gazprom announced that it was considering gas deliveries to Japan via pipeline. Russia's gas giant said in a statement on Thursday, "The sides touched upon a possibility of working on a project for ... more
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ENERGY TECH

Filipino-Chinese ocean comradery fades amid row
For years Filipino and Chinese fishermen peacefully shared the rich harvests around a tiny South China Sea shoal, but today threats, harassment and fear have replaced ocean comradery. ... more
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ENERGY TECH

Beijing envoy in Khartoum amid Sudan-South tension
A Chinese envoy was in Khartoum for talks on Sunday after his country backed a UN resolution that aims to halt border fighting between Sudan and South Sudan. ... more
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Despite takeovers, Total seeks Uruguay oil
Despite what the energy industry sees as takeover mania in Latin America, France's Total is pitching for new oil in Uruguay even as news from Argentina and Bolivia continues to rattle energy investors in the region. ... more
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ENERGY TECH

Emerging economies bolster oil demand: IEA
Oil demand from emerging countries this year will offset lower consumption by advanced economies in the OECD, the International Energy Agency said on Friday. ... more
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Power struggle in Angola amid new oil boom
Angola, Africa's second-largest oil producer, is locked in a power struggle over who'll succeed longtime strongman Jose Eduardo dos Santos amid signs offshore exploration will open up giant fields like those found by Brazil across the Atlantic. ... more
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ENERGY TECH

Canada lagging in LNG
Canada needs to invest about $50 billion in its liquefied natural gas sector over the next five to 10 years to avoid losing out on opportunities in emerging demand markets, an Ernst & Young report says. ... more
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Manila urges dialogue over shoal dispute
The Philippines has reiterated it wants to settle the ongoing Scarborough Shoal dispute with China through dialogue and an international tribunal. ... more
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Nissan posts record sales, $4.28 bn net profit
Nissan on Friday posted a $4.28 billion full-year net profit and record sales as the Japanese automaker shrugged off the devastating impact of last year's quake-tsunami disaster on production. ... more
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ENERGY TECH

Oil prices fall on weak China data, Europe woes
Oil prices dropped Friday as traders worried about disappointing Chinese economic data and debt-wracked Greece, where an election was almost certain after austerity opponents blocked a new government. ... more
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ENERGY TECH

US partially resumes military supplies to Bahrain
The United States said Friday it was partially resuming sales of military supplies to Gulf Arab ally Bahrain after having frozen most shipments last year amid a bloody crackdown on protests. ... more
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ENERGY TECH

Rosneft strikes Arctic deal with Statoil
Russia's state oil champion Rosneft struck a $2.5 billion Arctic exploration deal Saturday with Norway's Statoil - its third global tie-up in a month and a sign of its growing global ambitions. ... more
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ENERGY TECH

Russia and Japan to build gas pipeline
The former Foreign Minister of Japan, Seiji Maehara now the Chairman of the Council for political studies of the ruling Democratic Party of Japan says that Russia and Japan are studying the possibil ... more
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ENERGY TECH

China's CNOOC starts deepwater drilling
China National Offshore Oil Corp. has started China's first deep-sea drilling project in the South China Sea amid heightened territorial tensions over the disputed area. ... more
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ENERGY TECH

Rosneft selects new partner to develop the Russian shelf
Russia's state run Rosneft oil company has selected a new partner for the development of the Russian shelf. It is Norway's Statoil. On Saturday, Rosneft president Eduard Khudainatov and Statoil pres ... more
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OPEC hikes 2012 world oil demand forecast
OPEC revised its 2012 world oil demand outlook slightly upwards on Thursday citing a stable US economy and the shutdown of nuclear plants in Japan, which boosted demand. ... more
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Electric-powered van to make trans-Africa trip
An electric-powered van launched a trip Thursday to cross eastern and southern Africa, in an expedition designed to showcase the endurance of the vehicles and promote green energy use. ... more
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SIA seeks tie-ups in India, China as profits flounder
Singapore Airlines (SIA) said Thursday it is exploring partnerships in India and China as it looks to guard against increased competition and global economic uncertainty. ... more
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China issues warnings on Philippines
China told its citizens Thursday they were not safe in the Philippines and its state media warned of war, as a month-long row over rival claims in the South China Sea threatened to spill out of control. ... more
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Colombia's Santos says China 'interested' in pipeline
Colombian President Juan Manuel Santos said Wednesday China was "very interested" in investing in a pipeline going through his country, as Beijing seeks to secure more oil to fuel its economy. ... more
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China sees red as Ferrari damages ancient wall
Chinese citizens are up in arms after a Ferrari sports car left tyre tracks atop Nanjing's ancient city wall, possibly permanently damaging the protected landmark. ... more
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Toyota full-year profits dive, pledges recovery
Japan's Toyota Motor said Wednesday net profit for the year to March fell 30.5 percent to 283.56 billion yen ($3.56 billion), hit by last year's quake-tsunami disaster and record flooding in Thailand. ... more
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China to cut fuel prices in line with world market
China, the world's second-biggest oil consumer, said Wednesday it would cut fuel prices by more than three percent, following a retreat in global crude costs and amid concerns over inflation. ... more
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Exxon Valdez oil spill tanker banned from India
The Exxon Valdez tanker that was involved in a huge oil spill off Alaska in 1989 has been banned from entering India where it was due to be dismantled, state officials said Wednesday. ... more
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ENERGY TECH

Philippines says US to protect in South China Sea
The Philippines said Wednesday the United States had pledged to protect it from attacks in the South China Sea, a day after China issued a warning over a territorial row in the waters. ... more
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Sudan war planes bomb S.Sudan, violating UN resolution: army
Sudanese war planes have launched renewed air strikes against South Sudan, violating a UN Security Council resolution to end weeks of a bitter border conflict, the South's army said Wednesday. ... more
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ENERGY TECH

Iraq oil exports rise, but problems remain
Iraq says its oil exports rose to 2.5 million barrels per day in April, which it aims to double by 2015. But Baghdad's objective of become a top-line producer, challenging Saudi Arabia, remains in jeopardy because of political feuding and a lack of infrastructure. ... more
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China to launch first deep-water oil rig
China will this week launch its first home-grown deep-water drilling rig located in the South China Sea, some 300 kilometres (200 miles) southeast of Hong Kong, state media reported Tuesday. ... more
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ENERGY TECH

Philippine firm 'in talks' with China on gas field
A Philippine company said Tuesday it had held talks with a Chinese energy giant about jointly developing a potentially lucrative gas field in the hotly disputed South China Sea. ... more
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ENERGY TECH

China prepared for escalation of Philippine standoff
Chinese vice foreign minister Fu Ying said Beijing was ready for "any escalation" of a tense maritime standoff with the Philippines over a disputed shoal. ... more
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