Brazilian federal police have opened a probe into US oil giant Chevron over alleged pollution linked to an oil spill at its offshore Frade project, local media reported Thursday.
Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.
Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.
Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.
Oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region. Chevron said in a statement e-mailed that an oil sheen had appeared on the surface of the ocean near the Frade project it operates, which it attributed to oil seeps in the area.
China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.
A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.
Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.
Argentina's state energy company Enarsa has launched an international tender for the delivery of a more-than-expected 90 cargoes of LNG in 2012 to meet rising energy demand, a source said Tuesday.
Oil company YPF confirmed Monday the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.