The results of a Kenya Pipeline Company study of petroleum consumption trends within the region are expected by the end of this month.
The company is positioning itself and plans to supply the Eastern and Central African region with petroleum products. The study, which is being undertaken by Kenya Institute of Public Policy Research and Analysis [...]

From President George W. Bush’s push to ramp up the country’s nuclear industry to Asia’s growing uranium demand to the catastrophic disaster at Cigar Lake, yellowcake has seen an extremely bullish year. And analysts are calling for an even better year in 2007.
Uranium began the year at about $36.25/lb. Today’s weekly price is $72.00/lb, showing [...]

Trigon Uranium Corp. said Wednesday it has signed an agreement to acquire the Wray Mesa uranium property in southeastern Utah with its 499 uranium mining claims.
The Kelowna-based miner said it will pay Utah-based Future Energy LLC 200,000 shares, worth about $226,000 based on Friday’s closing stock price.
The option can be exercised by issuing an additional [...]

Gold may climb for the second-straight week as investors avoid dollar-denominated assets and purchase the precious metal.
Thirteen of 34 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on Dec. 21 and Dec. 22 advised buying gold, which rose 0.5 percent last week in New York to $622.30 an ounce, the first gain [...]

A new wind energy project in western Iowa has gone into operation with the ability to produce enough electricity to power the homes of about 40,000 customers.
MidAmerican Energy’s Victory wind project consists of 66 wind turbines in Carroll and Crawford counties, near the towns of Westside and Arcadia.
Construction on the 99-megawatt project began last spring. [...]

A new wind energy project by MidAmerican Energy Holdings Co. in western Iowa has the ability to produce enough electricity to power about 40,000 customers.
The Victory Wind Project consists of 66 wind turbines in Carroll and Crawford counties, near the towns of Westside and Arcadia.
“MidAmerican is committed to helping Iowa become a leader in the [...]

China has established a second petroleum exchange, in the northeastern port city of Dalian, four months after the launch of the Shanghai Petroleum Exchange, state media has reported.
“We plan to start trading fuel oil, bitumen and several other petroleum and chemical products in May,” said Sun Xueshi, president of the exchange, according to the official [...]

Anadarko Petroleum Inc Tuesday announced that it has agreed to sell its two Louisiana oilfields to Exco Resources for $1.8 billion in cash.
Anadarko Petroleum mentioned that the Vernon and Ansley fields produce 192 million cubic feet of equivalent per day from about 350 wells and have six drilling rigs and four workover rigs at work, [...]

Crude oil fell more than 2 percent in New York, the biggest drop in six weeks, as mild U.S. weather curbs heating-fuel consumption.
Home-heating demand in the Northeast, the region responsible for 80 percent of U.S. heating-oil use, will be 26 percent below normal through Jan. 2, said Weather Derivatives, a forecaster in Belton, Missouri. Natural [...]

Costa Energy Inc. says Imperial Oil Resources has decided to stop accepting Costa’s natural gas for custom processing at the Redcliff North plant - a move that will shut in about 35 per cent of Costa’s production.
Imperial’s move “has the potential to significantly affect the company,” Calgary-based Costa Energy warned Thursday.
Its shares, under a trading [...]