Hong Kong Energy News

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The International Energy Agency has warned Wednesday that the world faces serious dangers from global warming unless it radically alters its planned investments in new oil and coal facilities.

In its monthly Oil Market Report, the IEA has stated that global oil demand will be a bit lower than expected this year and the next due to the economic slowdown and high prices.

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Small solar panels can "electrify" toys, hobbies and science solar projects.

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Kuwait has put into actions plans for generating 10% of electric supply through renewable energy within the next 10 years - Southeast Asian Ethanol Report.

Oil prices were lower at the beginning of the week due to downward pressure from the EU debt crisis, lower consumption in the US and the influx of oil from Libya.

Demand for fuel has slowed, and producers started reducing oil and natural gas output in the Gulf of Mexico as Tropical Storm Don headed toward the Texas coast at the begining of the month, causing oil prices to fall.

If global oil supply can’t keep up with demand, prices could rise prompting a double dip recession.

Southeast Asian Ethanol Report: China and India were the most targeted markets for M&A by renewable energy investors in 2010 after the first-placed United States (US) market.

Jiawei’s module with model number JW-S100 is ranked at the 4th highest module efficiency at the news reported by Solarplaza.com

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Libyan oil output, which has dwindled to a trickle amid a pro-democracy revolt, accounted for about $15 to $20 of the roughly $30 increase in oil prices from December to the February peak.

The International Energy Agency, a coalition of oil-importing nations, announced plans to release 60 million barrels of crude from emergency stockpiles over the next month, shocking traders and slashing prices, especially for light sweet oil.

ADB has warned Asia that failure to make renewable energy a way of life will lead to rises in poverty and loss of living standards.

Three-quarters of the US Senate approved an ethanol subsidy-slicing measure. Both the tax credit and the tariff are scheduled to expire at the end of this year. Producing ethanol from corn is much less efficient than making it from sugarcane.

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Abacus Mineral and Mining Group (AMMG) today made a ¥1,000,000 donation to help victims of the earthquake and Pacific tsunami in Japan.

Rare Earth production for 2011 announced

INVESTING in the long-term potential of alternative energy sources such as solar and geothermal power is rapidly gaining popularity if capital raisings are any guide.

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Industry specialists say that using the earth’s ocean tides could provide enough affordable, renewable energy to meet 10% of America’s electricity requirements.

A final agreement could be reached by mid-2011 after five years of negotiations.

Thailand’s largest energy explorer moves its focus to foreign fields.

Oil and gas exploration firm Energy XXI will increase its reserves and production by over 70% with the latest addition of Exxon’s shallow water fields in the Gulf of Mexico.

The advent of the renewable energy revolution is creating major demand for silver in a sector that is bound to undergo massive growth in the long term.

Oil industry groups appeal to U.S. lawmakers for more finance for the federal offshore drilling regulator to speed up permit and environmental reviews.

Photovoltaic cell prices could crash as supply far outstrips demand next year - analysts.

Latest deal is part of BP’s campaign to sell assets to pay for Gulf of Mexico oil spill.

Oklahoma based natural gas firm secures 86,000 acres in North Dakota in $925 million deal.

The world’s largest wind turbine maker says its U.S. expansion is on course despite warnings from analysts that the market is shrinking.

French firm intends installing 1000 megawatts of solar energy capacity in the next five years.

Major oil companies are repositioning as natural gas producers as oil reserves become increasingly difficult to reach.

Increasing demand from China and India and dwindling supplies will drive crude to a near peak by 2035.

The UK government has awarded seven new exploration licenses to the oil firm responsible for the Gulf of Mexico oil spill.

Chevron has agreed to acquire U.S. natural gas producer Atlas Energy for $3.2 billion excluding debt, giving the oil giant a stake in the rapidly growing Marcellus shale field.

French government official says they are ready to ask for proposals for offshore wind farm development to increase France’s renewable power output.

Shell announces that it intends to sell almost a third of its Woodside Petroleum interest for around $3.35 billion, nine years after it failed to take over the firm.

U.S. Federal Reserve stimulus measures weakening the dollar could send investors after raw materials.

The world’s largest oil producer saw production up 2% against October last year.

German solar wholesaler says it expects a recovery in demand in the fourth quarter but sees no booming demand.

The two Middle East nations may be nearing an agreement on the fields straddling their border.