Researchers have unveiled a prototype reactor which mimics plant life, turning the Sun’s energy to make hydrocarbon fuel, according to an article published in the latest edition of Science.
Venezuela holds 297 billion barrels of proven oil reserves, most of it in tar sands but sufficient to be ahead of Saudi Arabia considered by world experts the number one country in reserves.
Brazil’s production of oil and natural gas in December 2010 surpassed the previous one-month record, according to a release from the ANP regulatory agency. December 2010 oil output of 2.18 million barrels per day represents a 4.4% increase over November and was 9.1% higher than in December 2009.
Mina Invierno, a major coal mine project to be located in Chilean Patagonia, has sparked new controversy in the Magallanes Region. The coal mine will be located on Isla Riesco, Chile’s fourth biggest island, just 80 miles from the region’s capital of Punta Arenas.
Falkland Islands Desire Petroleum announced Tuesday it has sufficient funds to complete the programmed round of six well drillings, additional 3D seismic surveying and demobilization costs at the end of the campaign.
Latest offshore wind statistics released by the European Wind Energy Association (EWEA) confirm that the UK is the European and world leader in the sector, with 1,341MW installed.
Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.
Oil options volatility increased as the underlying futures surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East.
A Spanish firm and two Argentine ones have been awarded tenders to build wind farms. Spanish Teyma and the Argentine Impsa and Fingano will invest around U$ 300 million in the project.
Representatives from Rockhopper Exploration are visiting the Falkland Islands this week. The company took over the rig Ocean Guardian from Desire on completion of their well, and Rockhopper’s well 14/10-3 (Sea Lion North) was spudded on January 13.