International Business News - Energy http://www.ibtimes.com/rss/feed/energy.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/energy.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Petrochemicals group Sasol, the world's leader in making motor fuel from coal, plans to reduce its carbon footprint by capturing its emissions, producing solar power and making its plants more efficient. http://www.ibtimes.com/articles/20091120/sasol-emissions-invest-solar-power.htm http://www.ibtimes.com/articles/20091120/sasol-emissions-invest-solar-power.htm Fri, 20 Nov 2009 13:14:58 EST The benchmark contract for European Union carbon emissions permits fell below 13 euros a tonne to a seven-week low on Friday as energy prices weakened, traders said. http://www.ibtimes.com/articles/20091120/eu-carbon-emissions-futures-fall-toweek-low.htm http://www.ibtimes.com/articles/20091120/eu-carbon-emissions-futures-fall-toweek-low.htm Fri, 20 Nov 2009 13:13:56 EST Revving up European power transmission networks to transport 90 percent of renewable energy by the year 2050 could be achieved at affordable sums, pressure group Greenpeace said in a study published on Friday. http://www.ibtimes.com/articles/20091120/greenpeace-says-europe-smart-power-grid-affordable.htm http://www.ibtimes.com/articles/20091120/greenpeace-says-europe-smart-power-grid-affordable.htm Fri, 20 Nov 2009 09:58:27 EST Australia's parliament votes next week on Prime Minister Kevin Rudd's plan for a sweeping carbon trade scheme with hopes it will finally win approval after two years of divisive debate. http://www.ibtimes.com/articles/20091120/australias-rudd-faces-showdown-on-carbon-vote.htm http://www.ibtimes.com/articles/20091120/australias-rudd-faces-showdown-on-carbon-vote.htm Fri, 20 Nov 2009 09:13:21 EST Valero Energy Corporation has shut a hydrodesulferization unit at its 340,000-barrel-per-day Corpus Christi refinery in Texas due to bad weather conditions, the company said in a filing with state regulators on Friday. http://www.ibtimes.com/articles/20091120/valero-shuts-texas-hds-due-weather-filing.htm http://www.ibtimes.com/articles/20091120/valero-shuts-texas-hds-due-weather-filing.htm Fri, 20 Nov 2009 09:12:20 EST The prosecution said on Friday it would appeal a French court's decision to drop charges against a subsidiary of oil major Total over a 2001 chemical blast that killed 31 people. http://www.ibtimes.com/articles/20091120/french-prosecutor-appeals-total-explosion-trial.htm http://www.ibtimes.com/articles/20091120/french-prosecutor-appeals-total-explosion-trial.htm Fri, 20 Nov 2009 09:09:15 EST Executives from two major oil companies told Congress on Thursday that the U.S. government should open more offshore areas to oil and natural gas drilling so America can rely less on foreign suppliers. http://www.ibtimes.com/articles/20091119/big-oil-congress-expand-offshore-drilling.htm http://www.ibtimes.com/data/articleimgs/224419-.jpg http://www.ibtimes.com/articles/20091119/big-oil-congress-expand-offshore-drilling.htm http://www.ibtimes.com/articles/20091119/big-oil-congress-expand-offshore-drilling.htm Thu, 19 Nov 2009 17:37:32 EST Canada's Destiny Resource Services Corp, which provides seismic front-end services to energy explorers, said it agreed to merge with Houston-based privately held Logan Oil Tools Inc, sending Destiny shares up more than 100 percent to a new year-high. http://www.ibtimes.com/articles/20091119/destiny-merge-with-privately-held-logan-oil-tools.htm http://www.ibtimes.com/articles/20091119/destiny-merge-with-privately-held-logan-oil-tools.htm Thu, 19 Nov 2009 17:36:34 EST Chinese solar companies Suntech Power Holdings Co and Trina Solar Ltd posted higher-than-expected earnings on Thursday and said demand for the clean energy systems was rebounding after a dismal year. http://www.ibtimes.com/articles/20091119/suntech-trina-solar-see-demand-rising-shares.htm http://www.ibtimes.com/articles/20091119/suntech-trina-solar-see-demand-rising-shares.htm Thu, 19 Nov 2009 17:35:00 EST Phoenix Solar AG, one of Europe's largest solar power developers, is in talks to partner with a Chinese firm to push its business in China, said a company executive. http://www.ibtimes.com/articles/20091119/phoenix-solar-eyes-partner-china.htm http://www.ibtimes.com/data/articleimgs/224383-.jpg http://www.ibtimes.com/articles/20091119/phoenix-solar-eyes-partner-china.htm http://www.ibtimes.com/articles/20091119/phoenix-solar-eyes-partner-china.htm Thu, 19 Nov 2009 11:42:43 EST Britain's small wind sector is booming despite the recession as many rural homes, farms or small business are putting up turbines in the yard to counter higher energy prices and blackouts. http://www.ibtimes.com/articles/20091119/uk-small-wind-blows-strong-despite-recession.htm http://www.ibtimes.com/data/articleimgs/224382-.jpg http://www.ibtimes.com/articles/20091119/uk-small-wind-blows-strong-despite-recession.htm http://www.ibtimes.com/articles/20091119/uk-small-wind-blows-strong-despite-recession.htm Thu, 19 Nov 2009 11:40:52 EST An injection of U.S. talent into the $6.5 billion market in carbon offsets would help clear bureaucratic bottlenecks, making way for increased investment in clean energy, the CEO of a $310 million environmental fund said. http://www.ibtimes.com/articles/20091119/kyoto-carbon-scheme-needs-americans-sindicatum-ceo.htm http://www.ibtimes.com/data/articleimgs/224381-.jpg http://www.ibtimes.com/articles/20091119/kyoto-carbon-scheme-needs-americans-sindicatum-ceo.htm http://www.ibtimes.com/articles/20091119/kyoto-carbon-scheme-needs-americans-sindicatum-ceo.htm Thu, 19 Nov 2009 11:38:50 EST India's cabinet on Thursday approved its first solar power plan, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as part of its plan to fight global warming. http://www.ibtimes.com/articles/20091119/indias-cabinet-approves-solar-power-programme.htm http://www.ibtimes.com/articles/20091119/indias-cabinet-approves-solar-power-programme.htm Thu, 19 Nov 2009 11:34:10 EST Australia's government demanded on Thursday that conservative rivals stop opposing carbon trade laws, citing a heatwave searing the country's biggest cities as evidence of Australia's vulnerability to climate change. http://www.ibtimes.com/articles/20091119/australian-heatwave-carbon-trade-battle.htm http://www.ibtimes.com/articles/20091119/australian-heatwave-carbon-trade-battle.htm Thu, 19 Nov 2009 09:38:09 EST Ukrainian President Viktor Yushchenko on Thursday urged Russian President Dmitry Medvedev to change an agreement on supplies of Russian natural gas whose terms he said were too onerous for the Ukrainian economy. http://www.ibtimes.com/articles/20091119/ukraine-leader-asks-kremlin-amend-gas-agreement.htm http://www.ibtimes.com/articles/20091119/ukraine-leader-asks-kremlin-amend-gas-agreement.htm Thu, 19 Nov 2009 09:37:03 EST LONDON - Oil explorer Premier Oil Plc cut its production guidance for 2009 following a temporary loss of output at the Kakap field in Indonesia and maintenance work at its UK producing fields. http://www.ibtimes.com/articles/20091119/premier-oil-cuts-production-guidance.htm http://www.ibtimes.com/articles/20091119/premier-oil-cuts-production-guidance.htm Thu, 19 Nov 2009 09:35:04 EST Power prices in northwestern Europe have remained weak, despite a recent oil market rally, due to low prices for fuels such as coal and gas, the chief executive of E.ON Energy Trading said on Wednesday. http://www.ibtimes.com/articles/20091118/power-prices-weak-due-coal-gas-not-oilon.htm http://www.ibtimes.com/data/articleimgs/224326-.jpg http://www.ibtimes.com/articles/20091118/power-prices-weak-due-coal-gas-not-oilon.htm http://www.ibtimes.com/articles/20091118/power-prices-weak-due-coal-gas-not-oilon.htm Wed, 18 Nov 2009 13:37:22 EST Vestas Wind Systems said Wednesday it plans to announce significant orders for its wind turbines in the next five months, citing a pick-up in demand for wind power in Asia as more funding for projects becomes available. http://www.ibtimes.com/articles/20091118/vestas-sees-big-wind-turbine-orders-asia.htm http://www.ibtimes.com/data/articleimgs/224300-.jpg http://www.ibtimes.com/articles/20091118/vestas-sees-big-wind-turbine-orders-asia.htm http://www.ibtimes.com/articles/20091118/vestas-sees-big-wind-turbine-orders-asia.htm Wed, 18 Nov 2009 09:02:56 EST A looming government clampdown on CO2 emissions is about to confront an already embattled U.S. coal power industry with two stark options: capture carbon or die. http://www.ibtimes.com/articles/20091118/ucoal-industry-stakes-survival-on-carbon-capture.htm http://www.ibtimes.com/data/articleimgs/224299-.jpg http://www.ibtimes.com/articles/20091118/ucoal-industry-stakes-survival-on-carbon-capture.htm http://www.ibtimes.com/articles/20091118/ucoal-industry-stakes-survival-on-carbon-capture.htm Wed, 18 Nov 2009 08:58:37 EST Wind farms account for about a quarter of Australian electricity generating developments now under construction or planned as the country moves to increase its reliance on renewable energy, a government report said on Wednesday. http://www.ibtimes.com/articles/20091118/wind-farms-20-pct-australia-power-projects.htm http://www.ibtimes.com/data/articleimgs/224298-.jpg http://www.ibtimes.com/articles/20091118/wind-farms-20-pct-australia-power-projects.htm http://www.ibtimes.com/articles/20091118/wind-farms-20-pct-australia-power-projects.htm Wed, 18 Nov 2009 08:54:59 EST