South Africa's state-owned electricity company has stopped supplying power to neighbouring countries, triggering a major energy crisis.

Transeuro Energy Corp. (TSX VENTURE:TSU)(OSLO:TSU) is pleased to announce the commencement of drilling operations in Armenia for natural gas exploration.

ArmRosgazprom purchased the Iran-Armenia gas pipeline, Gazprom’s Management Committee Deputy Chairman Valery Golubev told a briefing in Yerevan. The gas pipeline was purchased as result of emission of ArmRosgazprom stocks bought out by Gazprom, he said.

Oil prices continued lower in Asian trade on profit-taking and an improved outlook for energy supplies, while dealers said that the market would be looking ahead to the weekly report on US stockpiles due on Wednesday.

An "Uzbekistan Today" journalist Bobur Kommilov believes Uzbekistan is potential giant in regional power-energy generation due to the wide-scale reforms being carried out in this direction.

Fears about peak oil and the concept of uranium as a cleaner energy source have coupled in the industry's collective imagination and forced the price of uranium to triple in the last year. On the supply side experts are alerting the public of shortages and many are saying that the uranium price will continue to climb as a result. With bio-energy solutions seen as being far-off in the future, uranium is being touted as nothing less than the solution to world's energy and greenhouse gas problems.

The global search for a sustainable energy supply is making significant strides at Wake Forest University as researchers at the university's Center for Nanotechnology and Molecular Materials have announced that they have pushed the efficiency of plastic solar cells to more than 6 percent.