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