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GE sees solar cheaper than fossil fuels in 5 years
Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. (GE) | Climate Progress
Petroceltic turns eyes east
Irish oil explorer Petroceltic is eyeing oil and gas deals in Tunisia and Egypt to take advantage of a funding gap brought about by unrest in the North African region, said its chief executive. | Upstream Online
Crude oil holds above $100 per barrel
NEW YORK, May 26 (UPI) -- Crude oil prices held above $100 per barrel in New York Thursday, with traders shifting positions after the latest weekly inventory report. | UPI.com
Tullow Oil To Buy Ghanaian Interests Of EO Group Ltd For $305M
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN), the oil and gas firm, Thursday announced that it entered into a conditional agreement to acquire the interests of EO Group Limited, consisting of its entire interests. | WSJ
Pakistan, Russia sign energy MOU
KARACHI, May 26 -- A memorandum of understanding on energy cooperation was signed last week by Asim Hussain, advisor on petroleum and natural resources to Pakistan’s Prime Minister; and Sergei Shnatro, Russia’s energy minister. | Oil & Gas Journal
OPEC braces to meet rising oil demand
DUBAI, United Arab Emirates, May 26 (UPI) -- OPEC's crucial ministerial meeting June 8 in Vienna is threatened by political turbulence as relations between its two top producers, Saudi Arabia and Iran, deteriorate and Libya is torn by civil war. | UPI.com
Malawi awards six licences for oil, gas exploration
Malawi has granted six licences to foreign firms for the exploration of petroleum and gas reserves in Lake Malawi and the Shire river, the minister of natural resources and energy said on Thursday. | International Business Times
BP asks judge to reject spill claims
BP urged a US judge to dismiss hundreds of lawsuits from Gulf Coast residents and businesses seeking economic damages from the worst offshore oil spill in US history. | Upstream Online
Ghana’s oil production to decline after peak level
Ghana’s oil production from the Jubilee fields Phase 1which is expected to reach its plateau stage of production at 120,000 barrels of oil per day (bopd) will dip, according to an official of Tullow Ghana. | Ghana Business News
Screen your leaders – Niger Delta Chiefs urge oil communities in Ghana
Chiefs and community leaders in the Niger Delta have urged oil communities in Ghana to carefully screen their leaders before giving them the mandate to negotiate with oil companies and governments on their behalf. | Ghana Business News
South Africa talks to industry to cut power by 5GW
South Africa has started a dialogue with the country’s energy-intensive industry to reduce demand for power by up to 5GW and prevent loadshedding, according to its Energy Minister Dipuo Peters. | ifandp
Oil trading house denies CFTC claims
LONDON, May 26 (UPI) -- Crude oil trading by Arcadia Petroleum occurred according to the rule of law despite U.S. claims to the contrary, the company's financial officer said. | UPI.com
BP 'in frame' for China deep
China's top offshore oil producer CNOOC Ltd said today that BP was interested in partnering with its parent in developing deep-water blocks in the South China Sea. | Upstream Online
GNPC Lifts 994,691 Barrels Of Crude Oil
The Ghana National Petroleum Corporation (GNPC), successfully lifted a total of 994,691 barrels of Jubilee crude oil from the FPSO Kwame Nkrumah using a Belgian flagged vessel MT “FELICITY”. | GhanaWeb
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