Energy company, S.D.E., which has developed an innovative technology for generating sea wave electricity, has signed an agreement for selling sea wave power plants throughout China. Construction of the power plants will be financed by investors from Hong Kong and China.
Two joint venture companies, formed in Hong Kong by S.D.E and the investors for the [...]

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply.
U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. [...]

Sino Gold Mining Ltd says its operations and workforce in China have not been directly impacted by the earthquake in Sichuan Province.
Sino Gold will donate approximately $100,000 in essential equipment to the earthquake relief effort, the company said on Monday.
The equipment includes 70 portable gas power generators, 200 sets of hand torches and 70 megaphones, [...]

Calyon Securities analyst George Kotzias warned investors some clouds may be on the horizon for Chinese solar companies following the devastating earthquake in that country.
He noted that the epicenter of the 7.9 magnitude quake is near one of China’s main polysilicon production areas. Polysilicon is a crucial component for solar products. Kotzias says the plants [...]

German pensioner Erika Ihiebert has lived with minor earth tremors caused by coal mining for years. RAG Deutsche Steinkohle, the firm that runs the mine near Saarwellingen, acknowledges that mining in the area is causing tremors.
RAG was quick to announce a halt to mining.
Together with the northern Ruhr area, Saarland is one of Germany’s historic [...]

Coal may be Shanxi’s black gold, but it is the peasants of this north Chinese province who have to live with the consequences as their homes sink, water supplies dwindle and pollution worsens.
Xiaoqinghe, a small market town perched on top of a hill in Shanxi, has a beautiful name that is somewhat at odds with [...]

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported.
The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders [...]

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported.
The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders [...]

Indonesia’s disastrous mud volcano, linked to Australian company Santos, was probably caused by gas-drilling activities, a new scientific study says.
The study, published in the US Geological Society of America (GSA) journal, GSA Today, says the East Java mudflow was likely caused by a nearby gas-drilling operation, and could continue for “many months and possibly years [...]

A mud volcano that inundated dozens of villages was probably triggered by commercial gas drilling, research published in a respected scientific journal shows, contradicting an Indonesian government minister who insists it was a natural disaster.
It is “very likely” that the mud flow on the island of Java, which has spewed a million barrels of mud [...]