AHN News Staff London, United Kingdom (AHN) – In what could make the biggest foreign direct investment into India’s emerging market, British Petroleum (BP) has signed a transformational oil and gas partnership worth $7.2 billion with energy giant Reliance Industries Ltd (RIL). The world’s fourth-largest energy company, BP, will buy 30 percent stake in RIL’s [...]

The Media Line Staff Abu Dhabi, United Arab Emirates David Rosenberg – The world got its first look Thursday at Abu Dhabi’s Zayed National Museum when backers unveiled architectural renderings of the dramatic 345,000-square-foot structure comprised of five soaring pavilions that mimic the feathers of a falcon’s wing. The project radiates money and prestige, if [...]

The White House oil spill commission will delve into the root causes of the BP offshore drilling disaster at a meeting Monday that may have liability ramifications for the companies that continue … View full post on Insurance Stories

AHN News Staff Tehran, Iran (AHN) – In order to comply with the American sanctions, four energy companies have announced their withdrawal from Iran. The United States said that Italy’s ENI, Royal Dutch Shell, French Total and Norwegian Statoil on Thursday decided to stop their business with Iranian companies to avoid penalties aimed at companies, [...]

AHN News Staff London, England, United Kingdom (AHN) – Insurer Lloyd’s of London reported on Tuesday a 53 percent drop in its profit because of natural calamity claims against the firm. The company said it registered an interim profit of $942 million (628 million pounds) for the first half of 2010. Lloyd’s Chairman Lord Levene [...]

As the worldwide demand for energy increases, and oil prices rise, many venture capital firms have begun to focus on the alternative energy sector. In fact, in June 2005, Pasadena, CA-based solar company, Energy Innovations, raised $16.5 million in venture capital led by Mohr Davidow Ventures.

It appears that China’s diplomatic relations are moving forward with its neighbors however, there are some questions the need to be addressed. First of all we note that every time someone is a little upset with the U.S. on an ethics issue China moves in to establish diplomatic ties and replace our relationship with that [...]