Hong Kong Energy News

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

BP Plc says its experience will guide its drilling in the U.S. Gulf for 20 years.

Numerous Asian nations including China may soon challenge the U.S. in the race to develop a renewable energy industry if the administration doesn’t provide domestic incentives.

Betting on a gas recovery EXCO Recourses boss Douglas Miller bids for the company.

Russia’s natural gas giant may seek foreign investment because of limitations in the Ruble debt market.

OPEC members believe Russia may hold the strength to support oil output quotas.

Investors shied away for the wind energy industry as Congress failed to pass a renewable power mandate-AWEA.

A $26 million lass posted by the Texas oil firm owning a stake in Bp Plc’s damaged Gulf of Mexico well.

Latest estimates of the Brazilian government owned Libra field could make it the largest crude discovery in the America’s in 30 years.

The world’s largest publicly traded oil firm announces a 55% increase in quarterly profits, on higher crude prices and wider refining margins.

NRG Energy and Brightsource Energy are to build and operate the world’s biggest solar thermal plant.

U.S oil giant says profits more than double on recovering energy demand.

Asia’s largest firm by market value posts results ahead of estimates with a 13% gain in the third quarter.

The U.S. Interior Department has approved a permit for the globes largest solar project which will supply electricity for up to 750,000 homes.

Japans Marubeni Corp. is to pay BP $650 million for four of its deepwater fields in the Gulf of Mexico.

The global supertanker fleet is expanding nine times faster than the demand for oil.

BP’s new Chief Executive Officer Robert Dudley is under increasing pressure to lift the share price as the company falls further behind Royal Dutch Shell.

Vestas wins an order for turbines with a total capacity of 128 megawatts from a Californian utility.

Australia’s largest oil and gas producer intends spending a record $900 million on petroleum exploration in the financial year ending June 2011.

Increased wind and hydroelectric generation helps lift profits.

Underlining OPEC’s ability to meet growing global energy demands, Saudi Arabia’s petroleum and mineral resource minister said the organizations oil reserves had passed a trillion barrels.

BP sells assets to raise money to pay for Gulf of Mexico oil spill.

The Italian energy giant’s green unit IPO will be Europe’s biggest since 2007.

Some OPEC members are calling for oil to rise to $100 per barrel after the Dollar Index’s 13% drop since June.

First Solar Inc. announces plans to build two new manufacturing plants.

Major fuel firms spending in Africa over the last decade may reap fewer rewards as African nations tighten control of the industry.

A stronger dollar and OPEC’s indication of unchanged production levels sees the start of slide for crude.

Clean energy funds are not basing investment decisions on the UN’s climate talks as the discussions are too drawn out and seldom deliver conclusive decisions.

Royal Dutch Shell Plc has announced that it has dropped its plans for a multi-billion dollar oil sands upgrader in Canada in favor of a gradual increase in capacity through a series of smaller expansions.

CNOOC agrees to buy a stake in a U.S. shale oil and gas field in its first look at the U.S. market since its failed 2005 Unocal bid.

Weak demand and a sluggish global economic recovery may keep OPEC’s output levels stagnant.

New income fund launched to target the UK solar sector seeking to raise £100 million from institutional and high net worth investors.

TNK-BP, the venture between BP Plc and a syndicate of Russian billionaires aims to buy the London-based firms Algerian fields to accelerate overseas expansion.

Enbridge Inc announces 2 year storage expansion plan for Edmonton terminal.

Seeing risks and a possible overstocking the IEA revises figures for next year.

Recent reports say Europe’s third largest energy provider could launch IPO in October.

Offshore wind turbines could supply almost half of the densely populated U.S. East Coast current electricity requirements.

The oil price weakens ahead of U.S. report expected to show fuel stockpiles are still increasing.

October’s OPEC meeting won’t see a change in quotas says minister

Struggling oil prices a reflection of slowing global economic recovery.

Beating off stiff competition from both the renewable and traditional energy sector, Solarcentury comes out tops.

Central America’s unique geography offers numerous opportunities to produce renewable energy and cut dependence on oil imports.

The Macondo deep water oil leak resulted in a six month drilling moratorium which may now be responsible for further permit delays.

A CFL can save up to 80% in electricity costs and eliminate 400 pounds of greenhouse gas emissions over its lifetime. Make a difference to conserve energy and reduce harmful greenhouse gas emissions. It is completely up to you.

Nano and Advanced Materials Symposium on Solar Energy titled "Unleashing the Power of Helios – Emerging Trends in Photovoltaic Technologies" was held on September 28, 2009 and attracted over 162 participants from academia, industry, and government.

Internationally trading in carbon credits is becoming a reality. How far along is the US?

Europe is hoping to lead the global race for green technologies according to draft document.

NAMI is organizing a nanotechnology and advanced materials forum on solar energy "Unleashing the Power of Helios - Emerging Trends in Photovoltaic Technologies" at the Hong Kong Convention & Exhibition Centre on September 28, 2009 (Monday) .

California set to boost its already ambitious moves to cleaner, renewable energy.

British Business Secretary Peter Mandelson is pushing China to shoulder more of the global burden.