German Chancellor Angela Merkel is backtracking on nuclear power as the atomic emergency in Japan becomes an issue in state-election campaigns. Merkel’s decision to halt seven of Germany’s 17 reactors includes two in Baden-Wuerttemberg, where her party is battling to retain its 59-year-hold on the state in a March 27 vote.
Repsol YPF, (REP) Spain’s biggest oil company, agreed to sell 3.83% in YPF for 639 million US dollars, cutting its holding in the Argentine unit to 76%, and said it plans to sell more shares through a public offering.
One of the Falkland Islands oil and gas exploration companies currently involved in the oil exploration round with licences granted by the Falklands’ government announced it plans further drilling and has acquired new 3D seismic data while it continues with the wider seismic program.
An estimated 170,000 people have been evacuated from the area around a quake-damaged nuclear power station in north-east Japan that was hit by an explosion, the UN atomic watchdog says.
Brazilian oil giant Petrobras has withdrawn from an offshore oil exploration block in Cuba's waters that it leased amid great fanfare in 2008, a Brazilian official said on Thursday, citing poor prospects.
China’s scramble to secure long-term uranium supplies to support the rapid expansion of its nuclear power industry has led the state-owned CGNPC Uranium to make a 1.23 billion US dollars takeover bid for London-listed Kalahari Minerals.
Oil dropped for a second day in New York as members of the Organization of Petroleum Exporting Countries considered talks about increasing production because violence is disrupting supplies from Libya.
Mining and Energy Minister Laurence Golborne met with the Citizens’ Assembly of Magallanes Region (ACM) (extreme south of Chile) after the first of a series of meetings intended to resolve the Magallanes’ gas subsidy controversy.
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.