By:
The Associated Press
01/29/12 4:12 AM
South Sudan's minister of petroleum and mining says the nation will not restart oil production unless Sudan accepts a list of demands.
Stephen Dhieu Dau said Sunday that South Sudan was "committed to negotiations" but that Khartoum would have to accept their offer of paying $1 per barrel for using Sudan's pipelines for export and $2.4 billion dollar financial assistance package before South Sudan turns on production again.
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By:
The Associated Press
01/29/12 2:17 AM
Militants apparently captured 29 Chinese workers after attacking a remote worksite in a volatile region of Sudan, and Sudanese forces were increasing security for Chinese projects and personnel there, China said Sunday.
China has close political and economic relations with Sudan, especially in the energy sector.
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By:
NASSER KARIMI
01/29/12 12:46 AM
The head of Iran's state oil company said Sunday that the price of crude will reach $120 to $150 per barrel, as officials in Tehran prepare to discuss a ban on crude sales to European Union countries in retaliation for an EU embargo.
Head of the National Iranian Oil Company Ahmad Qalehbani also said that Tehran would expand its capacity to refine crude domestically, instead of selling it on international markets.
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By:
The Associated Press
01/27/12 12:05 PM
The number of rigs actively exploring for oil and natural gas in the U.S. held steady this week at 2,008.
The Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,225 rigs were exploring for oil and 777 for natural gas. Six were listed as miscellaneous. A year ago this week Baker Hughes reported 1,732 active rigs.
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By:
The Associated Press
01/27/12 11:15 AM
Lincoln Journal Star. Jan. 27, 2012.
Foster kids on psych drugs
Sen. Gwen Howard wants a task force to examine why more than one in five foster children in Nebraska is taking psychiatric medication.
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By:
SANDY SHORE
01/27/12 9:29 AM
Oil prices moved in a narrow range Friday as Iran prepared to consider a ban on crude sales to European Union countries.
Iranian leaders are scheduled to debate the ban Sunday in response to EU plans to embargo Iran's oil by summer because of that country's nuclear program. Investors worry that any ban could cause supply disruptions.
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By:
CHRIS KAHN
01/27/12 6:54 AM
Chevron Corp. said Friday that its profit slipped by 3.2 percent in the fourth quarter as its refineries struggled to pass on the higher cost of crude oil.
The San Ramon, Calif., oil giant on Friday reported net income of $5.12 billion, or $2.58 per share, in the final three months of 2011. That compares with $5.3 billion, or $2.64 per share, in the same part of 2010. Revenue increased 11.9 percent to $60 billion.
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By:
JOHN HEILPRIN
01/27/12 2:46 AM
Israeli Defense Minister Ehud Barak said Friday the world must quickly stop Iran from reaching the point where even a "surgical" military strike could not block it from obtaining nuclear weapons.
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By:
MARI YAMAGUCHI
01/26/12 7:25 PM
International inspectors are visiting a rugged Japanese bay region so thick with reactors it is dubbed "Nuclear Alley," where residents remain deeply conflicted as Japan moves to restart plants idled after the Fukushima disaster.
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By:
JEFF KAROUB
01/26/12 2:28 PM
A Michigan factory that made luxury yachts before the recession and diversified to add wind energy products when times got tough was touted by President Barack Obama at his State of the Union Address as an example of an industry creating forward-thinking jobs — with a little help from the government.
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