Energy & Oil

Saturday, June 5th 2010 - 00:43 UTC
Wales will have the largest offshore wind farms in the world

Construction work will begin next year on one of the largest offshore wind farms in the world, an energy firm has announced. The £2 billion Gwynt y Mor wind farm will have 160 wind turbines around 10 miles off the north Wales coast near Colwyn Bay and Llandudno.
Friday, June 4th 2010 - 06:52 UTC
Rockhopper has confirmed the first Contingent Oil Resource in the Falklands.

Sam Moody, Managing Director, commented:”Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.”
Thursday, June 3rd 2010 - 05:51 UTC
Brazil grants construction light for third nuclear power plant

Angra III nuclear power plant has been granted a construction license by the Brazilian National Nuclear Energy Commission, regulators said.
Wednesday, June 2nd 2010 - 23:12 UTC
Argentina “leading country” in nuclear energy development

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.
Wednesday, June 2nd 2010 - 02:41 UTC
Oil drilling begins in unexplored Falkland Islands’ south east waters

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.
Tuesday, May 25th 2010 - 06:22 UTC
Brazil closer to control the whole industrial cycle of uranium processing

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.
Monday, May 24th 2010 - 03:42 UTC
Come the rainy season Chavez announces beginning of end to black outs

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.
Saturday, May 22nd 2010 - 07:01 UTC
Chinese company buys 40% stake in Brazil offshore field

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.
Thursday, May 20th 2010 - 03:03 UTC
Falklands’ oil discovery potential to be announced in next fifteen days

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.
Monday, May 17th 2010 - 04:59 UTC
Strong interest for Peru’s bidding process for 25 oil blocks

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.