From Reuters Intense flooding in southern Alberta is not threatening the province's network of oil and natural gas pipelines, the province's minister of municipal affairs said on Friday. Speaking to reporters, Doug Griffiths said the province was not aware of any threat to the pipeline from the floods, which have destroyed roads and bridges and forced the evacuation of thousands of residents in Calgary and ...

From UPI China National Offshore Oil Corp. said an offshore natural gas pipeline damaged in 2011 was back in service after recent restoration. CNOOC said an underwater natural gas pipeline connected to the Zhuhai terminal near China's southern coast was restored recently after suffering damage from "external forces" in December 2011. CNOOC said "severe weather conditions" at the source of the rupture compli ...

From Bloomberg By Louise Downing Wasabi Energy Ltd., a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia. “There seems to be a lot of funding that is wanting to go towards Africa,” Diane Bettess, chief operating officer of the Melbourne-based company, said by telephone. “Chinese companies have built themselves up a ...

From Rigzone Oil and gas giant BP PLC Friday called for an independent investigation of the process used to compensate people for losses arising from the 2010 Deepwater Horizon oil spill, following reports that a lawyer working for the claims administrator had been suspended for alleged misconduct. "We are very concerned about these allegations," BP said in a statement. "Only a comprehensive and independent ...

From Reuters By Christoph Steitz SMA Solar, Germany's largest solar company, is launching an battery set that will allow households to store surplus daytime solar energy for use in the evening, cutting energy bills. German households pay some of the highest prices in Europe for electricity because they pick up much of the cost of subsidizing cleaner energy production. SMA Solar, which is up against fierce A ...

From Russia and India By Sergei Smirnov The U.S. Energy Information Agency (EIA) has published its first assessment of technically recoverable shale oil and gas resources in the majority of petroleum-producing countries, of which there are 42. It turns out that Russia has the largest reserves of shale oil and the ninth largest of shale gas. The shale oil in place could satisfy global demand for the next 10 ...

From Coal Guru Reuters reported that European coal futures for 2014 delivery fell to a new 39 month low at USD 86.05 a tonne on Thursday, sounding a shriller alarm for producers as commodities prices posted big losses in view of renewed fears about global economic growth. API2 coal futures for delivery in 2014 fell almost a dollar to trade at USD 86.05 Coal delivered into ports in northwest Europe (DES ARA) ...

From Press TV   "Mr. Rohani will take office in early August. It is true that he is talking about the need to look for a solution to the nuclear problem in Iran more actively and creatively. We welcome this," Lavrov told Rossiya-24 news television channel on Thursday. "Already at this stage under the incumbent president [Mahmoud Ahmadinejad], we have sensed Iran's willingness to seriously and substantially ...

From Bloomberg News By Anna Shiryaevskaya, Jake Rudnitsky & Ilya Arkhipo OAO Rosneft, the world’s biggest oil producer by output, plans to sign an “unprecedented” $60 billion contract to supply crude to China, according to Russian President Vladimir Putin. China may become Russia’s biggest oil customer after signing the contract, following a government accord in April. Rosneft may sign that deal as well ...

From Herald News Sun Thursday's statement said the theft of oil, known as bunkering, caused the conflagration at Bodo West in Ogoniland. The area in southern Nigeria already has suffered decades of oil spills. Shell's Nigeria Director Mutiu Sunmonu described "another sad reminder of the tragic consequences of crude oil theft". Environmental activists accuse Shell Nigeria of using oil theft as an excuse to c ...