As America’s top financial officials updated Congress on their proposed $700 billion plan to rescue the stressed financial markets, oil prices stabilized, for now, towards the $100 a barrel mark today after rising rapidly on Monday. Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as [...]

Marking a new era of partnership in oil development in the province, the Honourable Danny Williams, Premier of Newfoundland and Labrador, and the province’s oil industry co-venturers today announced and signed the final deal for the development of the province’s fourth offshore oil project, Hebron. The Premier was joined by: the Honourable Kathy Dunderdale, Minister [...]

Oil prices jumped close to 106 dollars on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.
On Friday, New York’s main oil contract, light sweet crude for delivery in May, jumped 1.92 dollars to 105.75 dollars per barrel, after earlier [...]

Australia is the oil and the poor must intensify exploration in the context of efforts aimed at ensuring the country’s energy security, the federal Minister of Energy says Martin Ferguson.
There are hundreds of years, the value of coal and gas, but only one to two decades of known resources of oil and condensate, he said.
“The [...]

Ole von Beust, Mayor of Hamburg, has agreed to take on patronage of the H2Expo 2008. “The H2Expo plays an important part as an expert forum, and is a powerful driving force for the development and application of hydrogen and fuel cell technologies in Germany and Europe, ” said Mayor von Beust.
“This is very important [...]

Solar MW Energy Inc. and affiliate Ecosystem Solar Electric Corp. has commenced the development of another “jewel” near Barstow’s Mojave Desert, San Bernardino County, Southern California. A nominal in the aggregate of 59.4 megawatt (MW) solar thermal electric hybrid, utility-scale merchant power plant, to be sited on green field land parcel, privately owned by the [...]

Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]

South Korea’s Korea Electric Power Corp. (KEPCO) is trying to secure overseas coal mines as early as this year as it seeks a steady coal supply for its generators, the company’s president said on Wednesday.
State-run KEPCO, which currently holds no stakes in coal mines, will also look at mergers with overseas electric power companies in [...]

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]

Gov. Sarah Palin told lawmakers Wednesday to soon expect legislation outlining the process for a natural gas pipeline.
In her first State of the State address, Palin minced no words about her priorities for this year’s legislative session, which began on Tuesday.
“This gas line, it’s going to fuel our homes, our economy, and careers for Alaskans [...]