Energy News

Iraqi Minister of Oil Hussein al-Shahristani is interviewed at his office at Baghdad's oil ministry in September 2008. Al-Shahristani met officials from 35 oil companies in London Monday to lay out details of its first round of bidding for new contracts since the 2003 US-led invasion.(AFP/File/Ahmad al-Rubaye)

Iraqi minister meets oil companies in London

AFP - Mon Oct 13, 6:38 PM ET

LONDON (AFP) - Iraq's Oil Minister Hussein al-Shahristani met officials from 35 oil companies in London Monday to lay out details of its first round of bidding for new contracts since the 2003 US-led invasion.

  • The Iranian oil refinery of Mizdeh near the Iraqi border. Iran is to scrap a number of liquefied natural gas (LNG) projects in order to expand its capacity to export gas by pipeline, the oil ministry's Shana agency has reported.(AFP/File/Patrick Baz)
    Iran scraps gas projects to push pipeline plans AFP - Mon Oct 13, 10:11 AM ET

    TEHRAN (AFP) - Iran is to scrap a number of liquefied natural gas (LNG) projects in order to expand its capacity to export gas by pipeline, the oil ministry's Shana agency reported on Monday.

  • A BAE Systems factory in Barrow-in-Furness, Cumbria. The cost of goods leaving the nation's factories fell in September, partly owing to lower oil prices, official data has shown.(AFP/File/Paul Ellis)
    Producer prices slip in September AFP - Mon Oct 13, 6:33 AM ET

    LONDON (AFP) - The cost of goods leaving the nation's factories fell in September, partly owing to lower oil prices, official data showed on Monday.

  • An Indian rickshaw-driver with 'Soleckshaw' during its launch in New Delhi on October 2, 2008. The "soleckshaw," unveiled this month in New Delhi, is a motorised cycle rickshaw that can be pedalled normally or run on a 36-volt solar battery.(AFP/File/Manan Vatsyayana)
    India's humble rickshaw goes solar AFP - Mon Oct 13, 2:16 AM ET

    NEW DELHI (AFP) - It's been touted as a solution to urban India's traffic woes, chronic pollution and fossil fuel dependence, as well as an escape from backbreaking human toil.

  • A resident looks at the price of gasoline at a gas station in Miami's South Beach, Florida April 23, 2008. (Carlos Barria/Reuters)
    Gasoline price marks biggest drop ever: survey Reuters - Sun Oct 12, 8:51 PM ET

    NEW YORK (Reuters) - The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.

  • Republican vice presidential candidate, Alaska Gov. Sarah Palin waves as she arrives for a campaign rally in Johnstown, Pa., Saturday, Oct. 11, 2008. (AP Photo/Keith Srakocic)
    Palin has mixed record as fiscal conservative AP - Sun Oct 12, 3:24 PM ET

    ANCHORAGE, Alaska - Alaska Gov. Sarah Palin, the Republican nominee for vice president, bills herself as a fiscal conservative. But her record looks little like the classic conservative who favors less government and lower taxes.

  • Security officers overlook a street from a rooftop of the OPEC headquarters in Vienna. Iran on Sunday predicted that OPEC would cut oil output at its November meeting in Vienna, the state-run television news website reported.(AFP/File/Joe Klamar)
    Iran predicts OPEC to cut output at November meeting AFP - Sun Oct 12, 1:33 PM ET

    TEHRAN (AFP) - Iran on Sunday predicted that OPEC would cut oil output at its November meeting in Vienna, the state-run television news website reported.

  • Iraq to begin first oil bid round in London AP - Sun Oct 12, 11:25 AM ET

    BAGHDAD - Iraq's oil minister will meet Monday in London with representatives of international oil companies for the first round of bidding for new contracts in the country since the U.S.-led invasion in 2003, the minister's spokesman said.

  • Peruvian President Alan Garcia, seen here in September 2008, on Saturday named Yehude Simon, a leftist governor once jailed for alleged links to outlawed Tupac Amaru rebels, as the country's next prime minister.(AFP/File/Nelson Almeida)
    Peru's president names leftist as new prime minister AFP - Sat Oct 11, 7:28 PM ET

    LIMA (AFP) - Peruvian President Alan Garcia on Saturday named Yehude Simon, a leftist governor once jailed for alleged links to outlawed Tupac Amaru rebels, as the country's next prime minister.

  • This August 2008 handout from Greenpeace shows an Indonesian labourer felling a tree in preparation for the expansion of the Duta Palma Palm oil plantation in the Indonesian Province of Riau. Palm oil companies are clearing massive swathes of untouched forest in Indonesia's remote easternmost Papua region, according to the environmental group.(AFP/GREENPEACE-HO/File)
    Palm oil clearing swathes of forest in Indonesia's Papua: Greenpeace AFP - Fri Oct 10, 2:05 PM ET

    JAKARTA (AFP) - Palm oil companies are clearing massive swathes of untouched forest in Indonesia's remote easternmost Papua region, environmental group Greenpeace said Friday.