Energy & Oil

• Saturday, February 12th 2011 - 05:17 UTC

  Brazilian shipyard wins Petrobras 4.6 billion contract for seven ultra-deep rigs

  

  Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.

• Friday, February 11th 2011 - 20:58 UTC

  Chile and Uruguay on the path to nuclear energy, confirms AIEA

  

  Chile and Uruguay and another fifteen countries have officially presented plans to the International Atomic Energy Agency for the construction of nuclear plants, revealed AIEA following a four-day meeting on the issue in Vienna.

• Friday, February 11th 2011 - 20:06 UTC

  Falklands’ Rockhopper latest well strikes quality reservoir and samples of live oil

  

  A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.

• Thursday, February 10th 2011 - 10:53 UTC

  Chile prepares for energy rationing; insufficient rainfall caused by La Niña

  

  The strongest La Niña weather cycle in 35 years has reduced rainfall by up to 46% in some areas of Chile. The dry season began last March and is expected to continue through May.

• Thursday, February 10th 2011 - 02:58 UTC

  Wind farms programmed to supply 25% of Uruguay electricity grid

  

  Uruguay intends to develop as many wind farms as its electricity grid can support, effectively diversifying its energy supply beyond hydropower and fossil fuels. At present, the country is in the process of installing 500MW of wind power projects.

• Tuesday, February 8th 2011 - 21:17 UTC

  Ensco becomes the world’s second largest off-shore drilling company

  

  UK based oil drilling services company Ensco PLC said Monday it has agreed to buy US rival Pride International Inc. in a 7.3 billion US dollars cash and stock deal that will create the world's second largest off-shore drilling company.

• Tuesday, February 8th 2011 - 05:08 UTC

  Petrobras third largest oil company on market capitalization

  

  Based on market capitalization Brazilian government managed oil and gas company Petrobras ranked third worldwide according to the prestigious PFC Energy 50 list of the world's biggest energy companies.

• Friday, February 4th 2011 - 21:11 UTC

  Massive blackout in Brazil exposes vulnerability of energy infrastructure

  

  A widespread blackout hit at eight states in Brazil's northeast Friday exposing energy infrastructure vulnerabilities of the nation that will host an Olympics and a World Cup.

• Thursday, February 3rd 2011 - 23:02 UTC

  Falklands’ “Ocean Guardian” oil rig operational capabilities upgraded

  

  Oilfield equipment specialist Titan Torque Services has secured a six-figure contract to provide support services for exploration work off the Falkland Islands in the South Atlantic. The company signed a one-year deal with well management company AGR Petroleum Services to provide torquing facilities in support drilling rig “Ocean Guardian” operations.

• Thursday, February 3rd 2011 - 01:47 UTC

  Major scientific feat: reactor turns solar energy into storable hydrocarbon fuel

  

  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.