International companies have been asked to bid for a tender to extract coal in parts of Kitui and Mwingi districts.
The Ministry of Energy asked interested firms to bid for the last phase of the exploration in the Mui basin as part of efforts to determine the commercial viability of the reserves. This comes in the [...]

Austral Pacific Energy Ltd. announces that it has reached agreement with a number of arms-length accredited investors to privately place up to 14 million equity units at US$0.50 each with each unit comprised of a common share and a 15 month half-warrant, each full warrant being exercisable at US$1.00 per common share. $5.61 million of [...]

Dejour Energy (Alberta) Ltd. is in its third month of production from its first four well gas wells in Peace River Arch NE British Columbia. Work continues on the production tie in of six additional wells completed during last winter’s drilling activities. Plans for additional development during the 2008/09 winter season are well advanced.
Dejour announces [...]

Oil futures rebounded on concerns about the Middle East and growing doubt that China’s government will be able to curb the country’s appetite for fuel by pushing prices higher.
Light, sweet crude for July delivery rose $2.69 to settle at $134.62 a barrel on the New York Mercantile Exchange, recovering some of the $4.75 that the [...]

Goldman Sachs upgraded the oilfield services sector to “Attractive” from “Neutral,” predicting strong profit growth due to greater drilling activity and high oil prices.
Analyst Charles Minervino expects earnings to grow in the double digits through 2011 as high oil prices lead to more rapid rig construction, and both drilling activity and the rates oil companies [...]

China’s National Development and Reform Commission said prices of gasoline and diesel oil will rise by 1,000 yuan ($145) per ton to 6,980 yuan ($1,015) and 6,520 yuan ($949), or 16 percent and 18 percent, respectively.
The government hiked fuel prices by about 11 percent in November but kept them frozen at that level, seeking to [...]

Oil prices dropped sharply after China said it will raise fuel prices, a move that could dampen its booming oil consumption.
Crude-oil prices also were given a downward push by the Iraqi Oil Ministry’s announcement that it is close to signing oil service deals with several major Western oil companies in an effort to boost crude [...]

President Bush will send Energy Secretary Samuel Bodman to Saudi Arabia for a one-day meeting of oil producers.
Bodman will lead a U.S. delegation at the meeting on Sunday in the port city of Jiddah in Saudia Arabia, the world’s largest oil producer. The Saudis called the meeting of oil producing countries and consumers to discuss [...]

Oil prices settled higher, rebounding from earlier losses on reports that Nigerian oil workers are about to strike, and investors focused on a surprise decline in gasoline inventories last week.
Retail gas prices slipped slightly for a second day, a sign that falling demand may be affecting prices and that prices at the pump may have [...]

There was more grim new from the airlines industry. United Airlines says its 2008 fuel bill will hit $9.5 billion — more than $3.5 billion higher than last year.
United parent UAL Corp. also estimates passenger revenue for the second quarter will increase by 4 or 5 percent over a year ago. It said in [...]