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Financial Times: Devon deal is key to BP growth targets
For Tony Hayward, BP's chief executive, the $7bn deal for a set of assets from Devon Energy of the US, including licences in the oil-rich waters off the coast of Brazil is a satisfying move. It also looks like a vindication of BP's much criticised business model
Financial Times: India's ONGC and Russia in energy pact talks
India's Oil and Natural Gas Corp is in talks with Gazprom and Rosneft over taking equity stakes in oil and gas projects to help cement an energy partnership
Financial Times: Putin seeks to bolster India ties
Vladimir Putin, Russia's prime minister, is embarking on a bold initiative to resuscitate the flagging relationship with India by offering an expansion of nuclear...
AllAfrica: Nigeria: Ahead Vanguard's Post-Amnesty Dialogue - Highlights of the Niger Delta Technical Committee Report
The Federal Government inaugurated the Niger Delta Technical Committee, NDTC, 8 September 2008 with the following terms of reference:
AllAfrica: South Africa: Eskom Says Special Rates for Only Two Customers
ESKOM yesterday denied that it was undercharging 138 of its large industrial users, saying it had special pricing agreements with two customers.
AllAfrica: Nigeria: Jigawa Gets Committee On Water Shortage
The Jigawa State government yesterday set up a 12-man committee to map out modalities to address water scarcity in the state capital. State Commissioner of Water Resources Alhaji Salisu Mahmoud disclosed this yesterday while responding to the recent protest by local water vendors in Takur Quarters, Dutse in an attempt to increase prices of jerry cans of water.
AllAfrica: Eritrea: Efforts Underway in Anseba Region to Ease Potable Water Supply Problem
Strenuous endeavors are being made to ease potable water supply problem in different parts of Anseba region, according to Mr. Hadgu Habtu, head of Technical Desk in the infrastructure development department in the region.
AllAfrica: Eritrea: Potable Water Supply Project in Araeta Sub-Zone Inaugurated
A solar energy-generated potable water supply project has been inaugurated in the Alati administrative area, Araeta sub-zone, at a cost of over 2 million Nakfa. The Administrator of the Southern Red Sea region, Mr. Osman Mohammed Omar, inaugurated the new facility.
AllAfrica: Uganda: Kanungu to Get Piped Water
Kanungu district is to construct a water supply point at Kayungwe. According to a notice, the project will be funded under the district rural water supply and sanitation development conditional grant.
AllAfrica: Zimbabwe: Major Dam Levels Still Critically Low
Zimbabwe's major dams remain critically below 50 percent of their capacities amid fears that the water levels would not be enough for winter wheat and other irrigation activities.
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Home Depot Shrinks Its Energy Bill
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Chevron looks to sell Welsh oil refinery employing 1,400
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·Devon deal is key to BP growth targets
For Tony Hayward, BP's chief executive, the $7bn deal for a set of assets from Devon Energy of the US, including licences in the oil-rich waters off the coast of Brazil is a satisfying move. It also looks like a vindication of BP's much criticised business model
·India's ONGC and Russia in energy pact talks
India's Oil and Natural Gas Corp is in talks with Gazprom and Rosneft over taking equity stakes in oil and gas projects to help cement an energy partnership
·Exxon to invest $28bn in 2010
ExxonMobil, the world's biggest publicly listed oil company, committed to $28bn in capital spending in 2010 and a range of $25bn to $30bn in investment per year on average through 2014
·BP strikes $7bn Brazil oil deal
The energy group is set to make its first move into the deep waters off the South American country with a $7bn deal to buy oil and gas assets put up for sale by Devon Energy of the US
·South Korea eyes nuclear push in Turkey
Seoul's plans to become a global player in the nuclear industry have been boosted by the signing of a co-operation agreement between the two countries' state power companies
·Lone path to growth for African Barrick
The spin-off grouping of four mines, a 'safe way to play gold with the backing of a tier 1 gold company', aims to produce 1m ounces a year by 2014
·Glencore sees bumpy year as profits fall
World's largest commodities trader unveils a 42% per cent fall in its profits last year, but said rising commodities prices has lifted its profitability in the second half
·Tullow names investors for Ugandan assets
FTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices
·Eon tones down outlook for 2010
World's largest utility by sales gives a muted outlook for 2010 earnings as the economic crisis hits energy prices and demand
·Putin seeks to bolster India ties
Vladimir Putin, Russia's prime minister, is embarking on a bold initiative to resuscitate the flagging relationship with India by offering an expansion of nuclear...
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·Dubai creates utilities regulator
Saeed Mohammad Al Tayer, CEO of the Dubai Electricity and Water Authority (Dewa) has said the emirate's government has created a regulatory body under the Higher Committee for Energy and Environment to oversee the utilities sector and pave the way for the entry of private firms into the sector, Gulf News has reported. 'The regulator will set up a legislative and monitoring agency that will create a healthy environmen ...
·ABB inks $2.8m Qatar deal
ABB, the Swiss-headquartered power and automation technology group, has signed a $2.8m contract with Qatar-based contractor, Black Cat Engineering & Construction to design and develop a major integrated Safety Integrity Level 3(SIL 3) and process control solution for a gas pipeline project in Dukhan, Qatar. According to the contract, ABB will supply SIL 3 controllers for emergency shutdown, process control, and fire ...
·DME plans oil swaps
Ahmad Sharaf, Chairman of the Dubai Mercantile Exchange (DME) has revealed plans to introduce oil swaps and options against its benchmark sour-crude in the coming months, Bloomberg has reported. DME is awaiting approval from the US Commodity Futures Trading Commission (CFTC) before introducing the derivatives, based on the DME's Oman crude contract, a Gulf benchmark for Asia, he said.
·Arab refining projects may be scrapped
A new report by the Organization of Arab Petroleum Exporting Countries has said that uncertainty over future rates of global demand for oil derivatives, the fluctuation of construction material costs and pressure arising from environmental protection laws could lead to the delay or cancellation of new oil refinery projects in several Arab countries, Kuna has reported. In its monthly report, Oapec said that despite ef ...
·Syria seeks to develop nuclear energy
Syrian deputy foreign minister, Faysal Mekdad, has said his country wants to pursue nuclear power to meet growing energy needs, the Associated Press has reported. 'The peaceful application of nuclear energy should not be monopolized by the few that own this technology but should be available to all,' Mekdad said at a nuclear conference in Paris.
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