Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.
The Chilean government announced on Wednesday a string of measures to help prevent the possibility of more blackouts. Chile is in the middle of a yearlong drought, crippling its ability to produce hydroelectric power.
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.
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.
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.
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.
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.
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.
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.
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.