EU officials said they’ve received what the fledgling pipeline project needed most — a dedicated supply — from Turkmenistan during a recent meeting.
“For the first time, we have a concrete volume for Nabucco which comes from Turkmenistan alone,” said a spokeswoman for Benita Ferrero-Waldner, the EU commissioner for external relations, the BBC reports.
Nabucco is a [...]

The world of oil and gas pipelines has long seen its share of hopes and letdowns, and prospects to get Alaska’s massive gas reserves to market are on their way up. ConocoPhillips and BP announced last week they would bid on the pipeline, and perhaps Exxon Mobil would join it, The New York Times reports.
Alaska [...]

The government is beginning to show concern that the country could achieve its crude oil production target this year amid soaring price in the world market.
Head of the fiscal policy of the finance ministry Anggito Abimanyu said the country’s crude oil production has shown a downtrend, adding production has always been below 917,000 barrels as [...]

Spanish power group Iberdrola, the world’s largest owner of wind-energy parks, reported Thursday that its first quarter net profit jumped to 1.20 billion euros (1.91 billion dollars) from the year earlier 458 million euros.
In an intial summary on the three months period ahead of a full report due on Monday, the company said earnings before [...]

Montezuma Mining announced that it has successfully negotiated an agreement with Dolphin Resources to acquire their 10% interest of the Mt Padbury licence E52/1529. In consideration for Dolphin’s remaining interest, Montezuma will issue to Dolphin 400,000 fully paid shares and 100,000 options exercisable at $0.20. The licence is highly prospective for gold, manganese and iron [...]

China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn [...]

PT Adaro Indonesia, the country’s number two coal miner, expects its coal production to increase by about 5 percent to 40 million tonnes this year, an Adaro shareholder said on Tuesday.
Sandiaga Uno, whose investment fund Saratoga Capital owns 32 percent of the coal mining firm, said that Adaro is “still on track” to raise between [...]

Canadian Arrow Mines, Ltd. is pleased to provide an update on the metallurgical test-work program underway on ores from the Kenbridge Nickel Project in Northwestern Ontario. Xstrata Process Support (XPS) of Sudbury, Ontario recently completed a series of variability tests as part of the Phase 1 program to verify and optimize the flotation circuit for [...]

East Delta Resources Corp. announced today that its majority owned subsidiary, Sino-Canadian Metals Inc. has completed construction of a metals processing plant that produces a nickel-copper aggregate from ore supplied by local mines.
The facility, owned by Sino-Canadian through its Joint Venture in China, is located in Qinghai Province and has been in development for over [...]