President Hugo Chavez said Thursday that his government has approved funding to build an iron and nickel foundry with Cuba.
Cuba is among the world’s largest producers of nickel, which is used to make stainless steel. Venezuela and Cuba signed an agreement last year to produce stainless steel using Cuban nickel–a project slated to involve some [...]

President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]

Providential Holdings, Inc., a company investing in the rapidly growing economies in Vietnam and Asia, announced today its wholly owned subsidiary Providential Energy Corp. has entered a joint venture agreement with Texas-based Unitex Oil & Gas, LLC. Through the joint venture agreement Unitex will identify, evaluate, negotiate, acquire and operate oil and gas properties in [...]

Venezuelan lawmakers said Monday they would give President Hugo Chavez special powers to make changes to the country’s oil, gas and electricity industries by presidential decree.
National Assembly President Cilia Flores said lawmakers loyal to Chavez would approve an “enabling law” allowing the leader to pass measures by decree for 18 months in the “energy sphere” [...]

Corn prices have hit their highest levels in more than a decade, fueled by US government pressure for higher production of ethanol as an alternative power source for cars.
A falling surplus of US corn, along with robust demand for the commodity in China’s fast-growing economy, have driven corn futures up by nearly double over the [...]

Bolivia’s government will move ahead with plans to nationalize the mining industry, President Evo Morales said Friday, in the latest move by a left-leaning Latin American nation toward more state control of key sectors.
Morales, speaking to reporters at a summit of presidents of the Mercosur trade bloc in the Brazilian city of Rio de [...]

The International Energy Agency has reduced its forecasts for annual world oil demand and said that production cuts by OPEC producers had “ironically” contributed to a recent slump in crude prices.
“Given milder-than-expected temperatures and minor revisions to our economic growth assumption, we have revised downwards our global annual growth forecast for 2006 and 2007,” the [...]

A compromise by Florida that led to the opening of a large chunk of the Gulf of Mexico to oil and gas drilling draws keen interest from Big Oil, but criticism from other sectors.
Under a new law that opens 8.3 million acres in the Gulf of Mexico to offshore drilling, four coastal states — Louisiana, [...]

Global Gold Corporation is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down from the [...]

WorldWater & Power Corp. , developer and marketer of proprietary high-power solar systems, announced here today the construction start of a $402,482 solar electric system at The International Center for Water Technology (ICWT) at California State University, Fresno’s new building located on the Fresno campus. Founded in 2001, ICWT educates, promotes and assists in the [...]