Energy & Oil

• Wednesday, June 2nd 2010 - 23:12 UTC

  Argentina “leading country” in nuclear energy development

  

  Argentina is a showcase for the world in the research and development of nuclear energy for peaceful purposes and this has been the excellent work of Argentine scientists helping to keep the country’s Atomic Energy Commission (CNEA) alive, said President Cristina Fernandez de Kirchner on the sixtieth anniversary of the institution.

• Wednesday, June 2nd 2010 - 02:41 UTC

  Oil drilling begins in unexplored Falkland Islands’ south east waters

  

  Falkland Oil & Gas (FOGL) in association with BHP Billiton became the third oil company this year to begin exploratory drilling operations in Falkland Islands’ waters according to a Tuesday release from the company.

• Tuesday, May 25th 2010 - 06:22 UTC

  Brazil closer to control the whole industrial cycle of uranium processing

  

  Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.

• Monday, May 24th 2010 - 03:42 UTC

  Come the rainy season Chavez announces beginning of end to black outs

  

  Venezuelan President Hugo Chavez announced that the arrival of the rainy season will help eliminate power rationing on weekends and on weekdays at non-peak hours. Chavez made the announcement during a meeting of an electricity advisory group at the Miraflores presidential palace that was aired by state-run VTV television.

• Saturday, May 22nd 2010 - 07:01 UTC

  Chinese company buys 40% stake in Brazil offshore field

  

  Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash according to a joint release this week.

• Thursday, May 20th 2010 - 03:03 UTC

  Falklands’ oil discovery potential to be announced in next fifteen days

  

  A British company which recently announced it had struck oil in Falkland Islands waters expects to provide initial estimates of the potential size of the discovery in the coming two weeks.

• Monday, May 17th 2010 - 04:59 UTC

  Strong interest for Peru’s bidding process for 25 oil blocks

  

  Peru resumed the bidding process for more than two-dozen oil blocks, almost two years after a bribery scandal related to contracts awarded to a Norwegian company. The president of state-owned Perupetro, Daniel Saba, said that 25 new blocks will be put up for international public bidding.

• Monday, May 17th 2010 - 01:54 UTC

  Brazil’s energy sector lobbying against review of Itaipú treaty with Paraguay

  

  Brazilian business groups are strongly lobbying members of Congress against a review of a recent agreement reached by President Lula da Silva to treble the money paid to Paraguay for power from the world’s largest operating hydroelectric complex Itaipú, shared by both countries.

• Saturday, May 15th 2010 - 04:16 UTC

  China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

  

  Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.

• Saturday, May 15th 2010 - 03:09 UTC

  NZ oil company operating in Chilean Tierra del Fuego strikes gas

  

  An affiliate of New Zealand’s Greymouth oil company, PetroMagallaes announced this week the discovery of hydrocarbons in two prospects in Chilean Tierra del Fuego. The prospects are in Caupolican blocks, belonging to what are known as the Springhill formation.