Energy & OilEnergy & Oil
Brazil’s government managed oil and gas corporation Petrobras announced Monday it had controlled an oil leak at an offshore platform in the Campos Basin, 160 kilometers from Rio do Janeiro.
Construction work will begin next year on one of the largest offshore wind farms in the world, an energy firm has announced. The £2 billion Gwynt y Mor wind farm will have 160 wind turbines around 10 miles off the north Wales coast near Colwyn Bay and Llandudno.
Sam Moody, Managing Director, commented:”Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.”
Angra III nuclear power plant has been granted a construction license by the Brazilian National Nuclear Energy Commission, regulators said.
Argentina is a showcase for the world in the research and development of nuclear energy for peaceful purposes and this has been the excellent work of Argentine scientists helping to keep the country’s Atomic Energy Commission (CNEA) alive, said President Cristina Fernandez de Kirchner on the sixtieth anniversary of the institution.
Falkland Oil & Gas (FOGL) in association with BHP Billiton became the third oil company this year to begin exploratory drilling operations in Falkland Islands’ waters according to a Tuesday release from the company.
Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.
Venezuelan President Hugo Chavez announced that the arrival of the rainy season will help eliminate power rationing on weekends and on weekdays at non-peak hours. Chavez made the announcement during a meeting of an electricity advisory group at the Miraflores presidential palace that was aired by state-run VTV television.
Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash according to a joint release this week.
A British company which recently announced it had struck oil in Falkland Islands waters expects to provide initial estimates of the potential size of the discovery in the coming two weeks.