Energy & OilEnergy & Oil
Argentina blocked Wednesday a ship from leaving a Techint Group plant after it traveled to the Falkland Islands without government permission, the Argentine Foreign Office said. The “Thor Leader” is docked in Techint’s Campana plant carrying a cargo of 7.099 tons seamless pipes, the government office said in a statement.
Norway’s AGR Petroleum Services (AGR) will begin a significant drilling campaign, valued at more than £2 million, off the Falklands Islands this month on behalf of two operators, announced the company in Oslo.
Venezuela is facing the worst drought in a century and needs to be placed under an electricity emergency, President Hugo Chavez said Monday in his new, any-time radio program Suddenly With Chavez.
Argentina will complete work on its third nuclear power plant by the end of the year, Planning Minister Julio De Vido said at a press conference. Last April, De Vido said work on the plant, called Atucha II, wouldn't be finished until the first or second quarter of 2011.
The Falkland Islands government said that hydrocarbons exploration is an important element to achieve a sustainable economic future for the Islands and quoted from British PM Gordon Brown New Year message when he said that there are “no doubts about UK sovereignty over the Falklands ” and the principle of self determination.
Argentina reiterated on Thursday warnings to the United Kingdom over the “illegality” and juridical consequences of having awarded oil exploration licences in the Falkland Islands, under British control but which Argentina claims as part of its territory.
While there have been strong protests from the Argentine Government about the drilling program due to start in Falkland Islands waters this month, it has not deterred other companies wanting to join Desire Petroleum, Rockhopper Exploration and Falklands Oil and Gas in the search for oil.
A controversial project to build a massive hydroelectric dam in the heart of the Amazon jungle has received the go-ahead from Brazil’s environmental protection agency, despite objections from environmentalists and indigenous people who live in the area.
Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.
Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.