Renewed interest in offshore Nova Scotia's oil and gas resource is good news for the province, said Energy Minister Richard Hurlburt.

The Government yesterday yielded to pressure by MPs to have a presidential commission report on mining debated for them to have a say on the final recommendations and implementation of the proposed sweeping changes in the sector.

China has approved 51 more projects under the clean development mechanism (CDM) with the capacity to generate 7.7 million UN-regulated carbon credits per year, according to an update on a government website.

The early afternoon trading session has replaced the morning to become the most active time to trade EU allowances on the European Climate Exchange (ECX), according to the bourse's data, which likely reflects growing interest from US traders.

European carbon prices firmed Thursday on the back of a slump in coal prices and the higher cost of oil.

Widespread deployment of carbon capture and storage technology in the US won't occur until a market price for carbon emerges, members of a congressional committee said Thursday.

Auditors of greenhouse gas reduction schemes in the Kyoto protocol's clean development mechanism (CDM) are asking project developers to apply for credits within a year of the activity going into operation in a bid to weed out the most unsuitable

WPC Special Report: Helge Lund, president and CEO of StatoilHydro and Francis Saville Chairman of the Board of Nexen Inc.

WPC Special Report: Partnership will see ExxonMobil bring more LNG to the world than any other oil company.

WPC Special Report: Tanaka, director general of The International Energy Agency (IEA) and Abdalla Salem El-Badri, secretary general of OPEC on: "The need for cooperation to achieve a balance of interests."

WPC Special Report: Speech given by Jeroen van der Veer, Chief Executive of Royal Dutch Shell.

WEEKEND: Scientists in Argentina study the effects of methane emissions from cattle on global warming.

WPC Special Report: Chakib Khelil, president of the OPEC outlines the cartel's position.

FUEL price increases next month are expected to be lower than those experienced recently, according to economists.

The Senate yesterday lamented the rising cost of kerosene and diesel in the country, saying the situation was threatening the nation's economy.

Amidst opposition to Prof. Ibrahim Gambari's chairing of the proposed Niger Delta Summit, Coastal Mandate, a socio-political group led by Prince Collins Eselemo insists he (Gambari) was an apt choice.

The Senate yesterday urged President Umaru Yar'Adua to intervene towards stemming the skyrocketing prices of diesel and kerosene in the country.

Department of Petroleum Resources (DPR) yesterday told the House of Representatives Committee on Finance that the Federal Government realised over $2.133 billion between 2003 and March 2008 from the bid rounds revenue, which includes signature bonus, application fees, bid processing

ENERGY and Water Development Permanent Secretary, Peter Mumba has assured the nation that there will be no fuel shortage in the country as the available stocks are enough to meet the demand.

The Federal Government yesterday dismissed as 'speculative' reports that it plans to increase the prices of Petroleum products soon. Addressing State House correspondents after the Federal Executive Council meeting, the Minister of State in charge of Petroleum, Odein Ajumogobia said