Energy & Oil

Energy & Oil
Thursday, February 11th 2010 - 18:08 UTC

Argentina blocks vessel involved in Falklands operations

“Thor Leader”, blocked in the port of Campana for not having called on Argentine authorities when operating in the Falklands

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.

Tuesday, February 9th 2010 - 23:53 UTC

Norwegian company contracted for major Falklands’ drilling program

AGR Executive Vice President Ian Burdis: “a major project for us”

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.

Tuesday, February 9th 2010 - 04:06 UTC

Chavez ready “any time” to declare “electricity emergency”

The Venezuelan president not only faces a power blackout but also a possible electoral brownout

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.”

Monday, February 8th 2010 - 02:14 UTC

Argentina announces completion of third nuclear plant by end of the year

Planning minister Julio De Vido, Argentina’s energy “tsar”

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.

Saturday, February 6th 2010 - 01:58 UTC

Falklands say oil development is to ensure sustainable economic future

British PM Brown has not doubt about the Falklands sovereignty

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.

Friday, February 5th 2010 - 04:53 UTC

Argentina threatens UK and Falklands oil companies with legal actions

Palacio San Martín, Argentina’s Foreign Affairs ministry

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.

Friday, February 5th 2010 - 04:39 UTC

More companies line up to join the Falklands’ oil rush

Desire Petroleum CEO Ian Duncan next to oil exploration material stocked in the Falklands.   (Photo: Upstream).-

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.

Wednesday, February 3rd 2010 - 12:20 UTC

Green light in Brazil for controversial dam in Amazon jungle

Environment minister Carlos Minc made the announcement

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.

Tuesday, February 2nd 2010 - 12:54 UTC

FOGL and BHP Billiton planning two exploratory wells in Falklands’ waters

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.

Tuesday, February 2nd 2010 - 04:34 UTC

Shell and Brazilian company join to create giant ethanol producer and distributor

The joint venture will have an initial ethanol annual production of 2 billion litres

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.

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