ENERGY TECH - RADAR DAILY

BP plunges into net loss on huge $5.0-bn writedown

Jul 31, 2012 (AFP)

British energy giant BP said Tuesday that it plunged into a second-quarter net loss, hit by lower output, falling oil prices and a near $5.0-billion (4.1-billio...

French Total signs Iraqi Kurdistan oil deal

Jul 31, 2012 (AFP)

French energy giant Total said on Tuesday it has signed an oil exploration deal for areas in the Kurdistan region of northern Iraq, putting it on a collision co...

US imposes new sanctions on Iran oil sector

Jul 31, 2012 (AFP)

US President Barack Obama on Tuesday imposed new economic sanctions on Iran's oil export sector and on a pair of Chinese and Iraqi banks accused of doing busine...

Philippines offers up China-claimed oil prospects

Jul 31, 2012 (AFP)

The Philippines will offer three oil and gas exploration contracts in the disputed South China Sea later Tuesday, including two in areas claimed by China, an of...

US regulators claim insider trading in Nexen deal

Jul 28, 2012 (AFP)

US regulators have secured a court order to freeze assets of traders accused of seeking more than $13 million through illegal trades ahead of China-based CNOOC'...

Maine to be first for tidal energy

Jul 27, 2012 (UPI)

The United States' first commercial tidal energy project is expected to deliver electricity in September to consumers in Maine. Portland, Maine, company Ocean R...

Pipeline grid to bypass Hormuz vulnerable

Jul 27, 2012 (UPI)

The United Arab Emirates and Saudi Arabia have developed a pipeline network across the Arabian Peninsula to bypass the strategic Strait of Hormuz, a key oil art...

China appoints officers to South China Sea garrison

Jul 27, 2012 (AFP)

China has appointed military officers at a newly-established garrison in the South China Sea, state media reported Friday, the country's latest step to bolster ...

Author of US fracking study had gas industry ties: watchdog

Jul 27, 2012 (AFP)

A university study that claimed fracking for gas deep beneath the Earth's surface did not cause water contamination was led by a US professor with financial tie...

Study: Ocean waves could power Australia

Jul 26, 2012 (UPI)

Ocean waves could supply as much as 11 percent of Australia's electricity by 2050, a government research study released Wednesday found. The Commonwealth Scient...

Chevron damages bill in Ecuador rises to $19 bn

Jul 26, 2012 (AFP)

Chevron has been ordered to pay more than $19 billion in environmental damages, $1 billion more than originally decided, after an Ecuadoran court adjusted the a...

China eyes Canada for oil deals

Jul 25, 2012 (UPI)

Major Chinese oil companies are seizing opportunities to secure strategic overseas assets, reflected by recent Canadian acquisitions. State-backed CNOOC Ltd., C...

Hong Kong billionaire to buy UK gas company

Jul 25, 2012 (AFP)

A consortium led by Asia's richest man Li Ka-shing agreed Wednesday to acquire a British gas distribution company for 645 million ($1 billion), the companies sa...

Hungary, Azerbaijan seek joint projects

Jul 25, 2012 (UPI)

The time is ripe for more cooperation between Hungary and Azerbaijan on energy projects, Hungarian Foreign Affairs Secretary Peter Szijjarto said this week. Szi...

DRC oil 'fans flames of civil war'

Jul 25, 2012 (UPI)

Recent oil strikes in the Democratic Republic of Congo have raised fears they will exacerbate the resource-driven war that's been raging in the mineral-rich eas...

Argentina condemns British missile exercise in Falklands

Jul 25, 2012 (AFP)

Argentina has accused Britain of mounting a show of force in the Falkland Islands with a military exercise that includes missile launches in the disputed South ...

Oil prices stage muted rebound on Chinese data

Jul 24, 2012 (AFP)

World oil prices rebounded slightly Tuesday on encouraging Chinese manufacturing data. New York's main contract, light sweet crude for September, rose 36 cents ...

Iraq bars Chevron over Kurdish oil contracts

Jul 24, 2012 (AFP)

Iraq on Tuesday barred US energy giant Chevron from working in non-Kurdish parts of the country after it bought two exploration blocks in the autonomous Kurdish...

Fire-damaged Turkey pipeline to be fixed 'in a week'

Jul 24, 2012 (AFP)

A major pipeline running from Iraq to Turkey that was allegedly sabotaged in a fire on Friday should be back up and running in a week, Anatolia news agency repo...

Vietnam, Philippines slam China garrison plan

Jul 24, 2012 (AFP)

Vietnam and the Philippines on Tuesday lashed out at China's moves to establish a military garrison in the South China Sea, amid escalating tensions in the disp...