Energy & Oil

• Tuesday, May 31st 2011 - 08:18 UTC

  Germany plans to shut all nuclear reactors by 2022 and double renewable energy to 35%

  

  Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan.

• Tuesday, May 31st 2011 - 07:13 UTC

  Falklands’ Desire Petroleum completes 3D seismic program; encouraged by new prospects

  

  The Falklands oil company Desire Petroleum announced Tuesday it had completed the acquisition of 3D seismic program over an area of 1.416 kilometres with initial indications of encouraging new prospects.

• Saturday, May 28th 2011 - 07:03 UTC

  Mexico strikes major gas deposit in Gulf of Mexico deep water drilling

  

  State-owned oil giant Petroleos Mexicanos, Pemex, announced this week it had struck between 400 billion and 600 billion cubic feet of natural gas and condensates at a deepwater well in the Gulf of Mexico.

• Wednesday, May 25th 2011 - 22:37 UTC

  Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders

  

  Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.

• Wednesday, May 25th 2011 - 06:44 UTC

  Brazil plans to invest heavily in wind farms natural gas fired plants

  

  Brazil which gets about 80% of its energy from hydroelectricity is considering a record investment of 4.1 billion Real (2.5 billion USD) for wind farms this year to diversify its power supply.

• Tuesday, May 24th 2011 - 22:04 UTC

  New York Times says sacrificing Chilean Patagonia for a power is an irreparable mistake

  

  The New York Times has joined the Aysén region project controversy in Chilean Patagonia which was recently approved but has triggered massive protests from environmentalists and an overwhelming rejection from the majority of the population according to public opinion polls.

• Tuesday, May 24th 2011 - 18:46 UTC

  US imposes sanctions on Venezuela’s PDVSA for engaging in trade with Iran

  

  United States announced new sanctions on Venezuela's state oil company PDVSA and six other smaller oil and shipping companies for engaging in trade with Iran in violation of a US ban.

• Tuesday, May 24th 2011 - 06:43 UTC

  Chile’s ENAP successfully drills natural gas well in Tierra del Fuego

  

  Chile’ oil and gas company ENAP announced Monday the discovery of natural gas at a recently drilled well in the Arenal block to the north-west of Espora Peninsula, Tierra del Fuego.

• Tuesday, May 24th 2011 - 06:39 UTC

  Korean conglomerate LGI secures oil block in southern Chile

  

  GeoPark oil and gas company with operations in Latin America announced in a joint release the definitive sale of oil and gas exploration and production blocks in the south of Chile to the Korean conglomerate LG International Corporation.

• Monday, May 23rd 2011 - 06:04 UTC

  Colombia’s oil company makes new discovery; plans to drill another ten wells in the block

  

  Colombian state oil company Ecopetrol said it made a new discovery at a well in the south-eastern Caño Sur block, of which the company is the sole owner and operator.
  The Mito-1 exploratory well yielded an average of 200 barrels per day of heavy oil in initial testing, Ecopetrol, which plans to drill another 10 wells at that block in the near future, said.