Energy & Oil

• Wednesday, October 26th 2011 - 05:10 UTC

  Leiv Eirksson oil rig leaves for the Falklands from Greenland next month

  

  When the Leiv Eriksson, a rig built to hunt for oil beneath 10,000 feet of water in the world’s roughest seas, finishes drilling a well off Greenland’s west coast next month, it will sail for its next job -- a prospect 9,000 miles away, south of the Falkland Islands.

• Saturday, October 22nd 2011 - 11:14 UTC

  Germany sets aside 130bn dollars for renewable energy to replace 28% nuke power

  

  German Chancellor Angela Merkel announced on 30 May that Germany, the world's fourth-largest economy and Europe's biggest, would shutter all of its 17 nuclear power plants between 2015 and 2022, an extraordinary commitment, given that they currently produce about 28% of the country's electricity.

• Saturday, October 22nd 2011 - 00:43 UTC

  Mercosur and EU will be ready to exchange trade proposals ‘in June 2012’

  

  Mercosur and the European Union are committed to presenting their proposals with list of products for a free trade agreement in June 2012, announced on Friday Uruguay’s Foreign Affaire minister Luis Almagro.

• Saturday, October 22nd 2011 - 00:38 UTC

  NATO seven-month ‘United Protector’ campaign in Libya comes to an end this month

  

  NATO plans to end its seven-month air and sea campaign in Libya at the end of October, Secretary-General Anders Fogh Rasmussen said on Friday, the day after the death of Muammar Gaddafi.

• Saturday, October 22nd 2011 - 00:37 UTC

  Obama announces end of war in Iraq and will pull out troops by end of the year

  

  President Barack Obama vowed to pull all US troops from Iraq this year, symbolically ending the war but dashing US hopes of leaving a few thousand troops to buttress a still shaky Iraq and offset neighbouring Iran's influence.

• Friday, October 21st 2011 - 07:51 UTC

  Uruguay satisfied with oil corporations’ interest in exploring in its maritime shelf

  

  At least ten first line oil and gas corporations expressed interest in the road show set up by Uruguay in Houston to promote hydrocarbons exploration on its continental shelf, according to one of the Directors of the country’s fuels company Ancap.

• Thursday, October 20th 2011 - 06:48 UTC

  Repsol invites US to check its oil rig standards before drilling in Cuban waters

  

  Repsol YPF SA, which is scheduled to begin exploratory drilling in Cuban waters, has offered US agencies an opportunity to inspect the vessel and its equipment before it arrives at the well site, US Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich said.

• Wednesday, October 19th 2011 - 15:34 UTC

  Loss of power on “Ocean Guardian” drilling rig causes partial evacuation

  

  Rockhopper Exploration plc has confirmed that a loss of power occurred on the Ocean Guardian drill rig on the 16th October 2011 leading to a partial evacuation of all non-essential personnel.

• Tuesday, October 18th 2011 - 13:50 UTC

  New environmental forum brings Falklands’ oil industry and environmentalists together

  

  Representatives of local conservation organisations, the oil industry, and the Falkland Islands Government recently attended the first meeting of the Falkland Islands Offshore Hydrocarbons Environmental Forum held on the 27th September in Stanley.

• Monday, October 17th 2011 - 21:46 UTC

  Spanish corporation will construct 70ml bio-ethanol plant in Uruguay

  

  Spain’s Abengoa has announced that it will construct a bio-ethanol plant in the department of Paysandu, Uruguay, for Alcoholes de Uruguay, or ALUR. The contract, which includes the construction of an adjoining power cogeneration plant, is worth 120 million dollars.