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The Chinese IT spending is anticipated to reach US$ 216.7 Billion in 2010, representing significant growth opportunities for technology and service providers. According to Gartner, IT spending by enterprises and consumers in China is projected to reach the figure of US$ 216.7 Billion in 2010, exhibiting good opportunities for technology and service providers. This represents an increase of 5.9% from US$ 205 Billion in 2009, as reported by   ... Read more
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Thermal Power Generation Hit Record High in April 2008
30 Jun, 2008
Thermal electricity generation touched a record high in April 2008 as demand increased due to rapid industrialization and growth in housing market. The Federation of Electric Power Companies of Japan said that the shortage of power in the month of April 2008 due to lesser power generation, reached ...Read more

Global Oil Production Costs Consistently Rising
20 Jun, 2008
The global oil production cost is consistently rising due to hike in oil prices, raw material, transportation and labor, according to a study by CERA. According to a study conducted by the Cambridge Energy Research Associates (CERA), all the major oil companies worldwide are under intense pressure ...Read more

Gasoline Price Could Rise Significantly in US, Says EIA
13 Jun, 2008
The regular-grade gasoline prices are expected to stay at an average record of US$ 3.66 per gallon this summer or could rise to US$ 3.73 per gallon in the US, says EIA. The Energy Information Administration (EIA) said that the regular grade gasoline is anticipated to post an average value of ...Read more

US - Wind Energy to Meet 20% of Total Power Demand by 2030
11 Jun, 2008
The US Department of Energy believes that wind energy could provide 20% of the total power need in the US as it is experiencing high growth. As indicated by the US Energy Department’s statement on May 12, 2008, by 2030, wind power could supply about 20% of the country’s total ...Read more

Oil Import Bill Touched $8.8 Billion Mark in 2007
02 Jun, 2008
The Philippines government has been forced to import oil by the rising in-house demand that took its oil industry bills to $8.8 Billion in 2007 from $8.0 Billion in 2006. According to the data released by the Department of Energy (DoE) in the Philippines on April 1, 2008, the country imported $8.8 ...Read more

Chinese Coal Industry Export to Take U-turn after March Decline
28 May, 2008
China’s coal export was expected to reach 5 Million Tons in April 2008, up from monthly average of 4.43 Million Tons last year, say Chinese coal traders. According to Coal traders in China, the coal export was expected to rise in April 2008 after facing a huge slump in February 2008. It is ...Read more

Bangladesh Energy Sector in Awful State, Needs Huge Investment
23 May, 2008
Bangladesh energy sector is in dire need of investment as the current gas production in the country is low as compared to the actual demand. M. Tamim, an adviser to the head of the interim govt. responsible for the Ministry of power energy and mineral resources, said that the country needs an ...Read more

Natural Gas Project Development to Boost Energy Market in Southeast/Gulf
17 May, 2008
A huge shift is expected in natural gas flow in the Southeast/Gulf region because of 40 new projects are underway, says new report of Bentek Energy LLC. According to a new study conducted by Bentek Energy LLC, a firm involved in giving information on energy market, a huge shift is expected in ...Read more

US Nuclear Energy Industry Produced Record Power in 2007
16 May, 2008
The US nuclear power plants generated 807 Billion KWh of power and improved their efficiency of power production last year, according to Nuclear Energy Institute. According to the figures released by the Nuclear Energy Institute, the US nuclear power plants generated all time high electricity ...Read more

South African Oil & Gas Industry can Contribute $1.5 Billion to the country’s GDP
06 May, 2008
South African oil and gas industry can contribute from one billion dollar to $1.5 Billion to the country’s GDP and can create around 50000 more jobs in the country. According to present Chief Director of the Department Trade and Industry, Nigel Gwynne-Evans, the South African offshore oil ...Read more

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