Six days after Chile's government announced a committee to investigate the feasibility of nuclear power, Mining and Energy Minister Karen Poniachik said this week that no nuclear program would start during President Michelle Bachelet's term. The committee's study, costing 200.000 US dollars, will however go ahead.
Brazil's government managed oil company Petrobras and the Japan Bank for International Cooperation signed Monday in Rio do Janeiro a memorandum of understanding on bio-fuels announced Monday, Petrobras.
Rockhopper Exploration plc (the Company) is pleased to announce a placing (the Placing) of up to 3,588,700 new ordinary shares (the Placing Shares) at a subscription price of 37 pence each (the Placing Price) by Teather & Greenwood Limited with institutional and other investors to raise up to £1,328,000 (before expenses).
The world's two top ethanol producers, United States and Brazil, announced the creation of an international forum to help turn biofuels into a globally traded commodity, just days before the two countries are expected to sign a separate agreement promoting the industry across the Western Hemisphere.
Mining companies may be required to pay a windfall tax in South Africa if the recommendations of finance minister Trevor Manuel's task team are implemented, South African daily Business Day reported this week.
Petrobras increased its share in natural gas exploitation in the south of Argentina acquiring the assets of US ConocoPhillips, announced Thursday the company in Buenos Aires
Energy Minister Karen Poniachik announced Tuesday that her ministry would begin technical studies into the potential use of nuclear energy in Chile. Facing criticism from both the governing Concertación coalition and opposition Alliance for delays in the government-mandated studies, Poniachik said the ministry would present a plan to assess the implementation of nuclear energy in March.
President Hugo Chavez's announced takeover of Venezuela's most promising oil-producing operations will likely increase strain on the country's heavily burdened state-run oil company and pressure production at the world's eighth-largest oil exporter.
Repsol YPF chairman Antoni Brufau on announcing Tuesday the discovery in Libya of its largest ever oil field and lower profits in 2006, admitted that the company was looking for another shareholder for its Argentine branch YPF.
Canadian company Methanex plant in Chile's southern region of Magallanes has seen natural gas supply fall 10% following an indefinite strike from oil and gas workers union in neighboring Argentina. Methanex is the world's leading producer or methanol.