Global X Management Company rolled out Global X China Energy ETF (CHIE) today (12/16/2009), its fifth of six planned China sector ETFs. The first two (consumer and industrial) were launched two weeks ago, technology and financials were released last week, and materials is expected before year end.
For the purposes of this ETF, the “Energy [...]
In our everlasting quest to find true secular growth stories, we keep finding stories outside the US. All 3 companies mentioned at the beginning of this Investors’s Business Daily story have interesting opportunities ahead of them, but let’s focus on SmartHeat (HEAT) for today. While there is nothing groundbreaking about the [...]
In Q3 2009 Rosneft’s revenues increased by 19.2% quarter-on-quarter, to USD 13,048 mln.
The increase was due to higher crude oil and petroleum product prices, growth of crude oil production volumes and refinery throughput. In 9M 2009 revenues amounted to USD 32,259 mln, a decrease of 44.6% year-on-year. The decrease was primarily [...]
Vale has taken another step towards more sustainable energy use as the Brazilian mining giant has announced a partnership with Biopalma da Amazônia S.A. to produce palm oil, which will be used to make biodiesel, in the northern-central region of Pará State, Brazil.
The consortium will be the biggest producer of palm oil in the Americas, [...]
India’s largest energy company Indian Oil Corp has partnered with PetroAlgae to develop biofuels.
PetroAlgae has signed a Memorandum of Understanding (MoU) to enter into an agreement to license the Company’s proprietary micro-crop technology to Indian Oil Corporation Limited future large-scale domestic production of renewable fuels.
Under the terms of the MoU and the [...]
China Investment Corporation (CIC), has announced that it has closed the first phase settlement for the purchase of a 45% stake in Nobel Oil Group.
CIC is the nation’s sovereign wealth fund & was founded in 2007, with an original asset base of $200Bn funded by China’s forex reserves. It has since then been cheery [...]
Much has been made of Brazil’s offshore hydrocarbon deposits particularly in the Tupi oil & gas reserves which have been touted by state owned energy firm Petrobras as containing up to 5-8 billion barrels of recoverable oil.
Tupi,which is located in the pre-salt region, is estimated to contain between 5 billion & 8 billion [...]
TNK-BP today announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies.
The approved investment of over $400 mln is for the initial phase of the Yamal Peninsula project which has the potential to become a principal production centre [...]
China North East Petroleum has announced that it has acquired all of the equity interest in Song Yuan Tiancheng Drilling Engineering Co. Ltd. (”Tiancheng”), an oil drilling and services company based in Song Yuan City, China.
This acquisition marks NEP’s expansion into the oilfield services industry and enhances the Company’s vertical [...]
Suntech Power Holdings Co, has announced the completion and grid connection of the first 10MW utility-scale solar power project in China.
Located in Shizuishan, Ningxia Autonomous Region, the 10MW ground mount solar system is the first phase of a 50MW solar plant that is targeted to be completed by 2011 in conjunction with Suntech’s strategic partner, [...]