Energy & Oil

Thursday, June 2nd 2011 - 09:29 UTC
New York sues Federal government on natural gas drilling in Delaware river basin

$Attorney General Eric Schneiderman says ‘fracking’ system could contaminate New Yorkers water source$

New York's attorney general is suing the federal government to compel a full environmental review of proposed regulations for natural gas drilling in the Delaware River Basin.
Thursday, June 2nd 2011 - 08:57 UTC
Rolls Royse joins Brazil’s new oil rush with plant for offshore rigs energy modules

Relying on the expected growth of the oil and gas industry in Brazil and the influx of new rigs and floating production, storage and offloading, FPSO, in the Brazilian offshore market, British manufacturer, Rolls Royse is set to make a 60 million US dollars investment in a new plant to build energy modules for offshore rigs.
Thursday, June 2nd 2011 - 04:15 UTC
Brazil gives definitive approval to world’s third largest hydroelectric dam project

Brazil's environment agency gave its definitive approval Wednesday for construction of the Belo Monte hydroelectric dam, a controversial 17 billion US dollars project in the Amazon that has drawn criticism from native Indians and conservationists.
Wednesday, June 1st 2011 - 16:23 UTC
Falklands’ appraisal well confirms oil quality at Sea Lion prospect discovery

Rockhopper Exploration operating in the North Falkland basin has provided an upbeat update on its second appraisal well, 14/10-5, on the Sea Lion discovery which was drilled 600 m north of the 14/10-2 discovery well to a TD of 2,726 m.
Tuesday, May 31st 2011 - 08:18 UTC
Germany plans to shut all nuclear reactors by 2022 and double renewable energy to 35%

Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan.
Tuesday, May 31st 2011 - 07:13 UTC
Falklands’ Desire Petroleum completes 3D seismic program; encouraged by new prospects

The Falklands oil company Desire Petroleum announced Tuesday it had completed the acquisition of 3D seismic program over an area of 1.416 kilometres with initial indications of encouraging new prospects.
Saturday, May 28th 2011 - 07:03 UTC
Mexico strikes major gas deposit in Gulf of Mexico deep water drilling

State-owned oil giant Petroleos Mexicanos, Pemex, announced this week it had struck between 400 billion and 600 billion cubic feet of natural gas and condensates at a deepwater well in the Gulf of Mexico.
Wednesday, May 25th 2011 - 22:37 UTC
Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders

Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.
Wednesday, May 25th 2011 - 06:44 UTC
Brazil plans to invest heavily in wind farms natural gas fired plants

Brazil which gets about 80% of its energy from hydroelectricity is considering a record investment of 4.1 billion Real (2.5 billion USD) for wind farms this year to diversify its power supply.
Tuesday, May 24th 2011 - 22:04 UTC
New York Times says sacrificing Chilean Patagonia for a power is an irreparable mistake

The New York Times has joined the Aysén region project controversy in Chilean Patagonia which was recently approved but has triggered massive protests from environmentalists and an overwhelming rejection from the majority of the population according to public opinion polls.