Energy & Oil

• Sunday, March 13th 2011 - 00:33 UTC

  Explosion at quake-damaged Japanese nuclear power station; 170.000 evacuated

  

  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.

• Thursday, March 10th 2011 - 22:35 UTC

  Petrobras abandons oil exploration in Cuba; all eyes set on Repsol-YPF

  

  Brazilian oil giant Petrobras has withdrawn from an offshore oil exploration block in Cuba's waters that it leased amid great fanfare in 2008, a Brazilian official said on Thursday, citing poor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.

• Thursday, March 10th 2011 - 06:34 UTC

  China scrambles to secure long-term uranium supplies for 84 nuclear plants

  

  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.

• Wednesday, March 9th 2011 - 05:22 UTC

  Oil prices ease as OPEC begins talks to increase output replacing Libya

  

  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.

• Wednesday, March 9th 2011 - 04:59 UTC

  Magallanes region discusses gas prices with Chilean central government

  

  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.

• Wednesday, March 9th 2011 - 04:46 UTC

  Repsol will explore for oil in the North Slope of Alaska

  

  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.

• Saturday, March 5th 2011 - 07:21 UTC

  Energy prices for Chilean business the highest in three years

  

  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.

• Friday, March 4th 2011 - 06:04 UTC

  Green light for the construction of the world’s third largest dam in Brazil

  

  A Brazilian court on Thursday lifted an order that suspended construction of the massive but controversial Belo Monte hydroelectric plant in the Amazon rain forest, a project expected to face barrage of lawsuits by environmental critics.

• Friday, March 4th 2011 - 05:59 UTC

  Geithner argues growth in China, India, Brazil are boosting US exports

  

  Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.

• Friday, March 4th 2011 - 01:31 UTC

  Bolivia signs gas exploration agreements with Petrobras and Repsol

  

  Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.