Repsol, Spain’s main energy group will be investing a minimum of 768 million US dollars for the exploration of oil in the North Slope of Alaska. The operation is a joint venture with the Denver, Colorado US firms 70 & 148 LLC and GMT Exploration LLC, points out a release from Repsol.
The cost of producing energy keeps going up in Chile, as the drought in the north drags on and the international price of petroleum increases.
A Brazilian court on Thursday lifted an order that suspended construction of the massive but controversial Belo Monte hydroelectric plant in the Amazon rain forest, a project expected to face barrage of lawsuits by environmental critics.
Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.
Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.
Chile and France on Saturday signed a deal promoting the exploration and development of uranium. The deal between the state-owned Codelco (copper mining company) formalizes France’s ability to source minerals, including uranium, from Chile’s mining sector.
Most of Libya's oilfields are no longer under control of Libyan leader Colonel Muammar Gaddafi, the European Union's energy commissioner said on Monday.
Oil prices fell on Monday in ‘choppy’ trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed investors to pause after Libya's turmoil sent prices to two and half year peaks last week.
Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.
A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.