Energy & Oil

Monday, February 8th 2010 - 02:14 UTC
Argentina announces completion of third nuclear plant by end of the year

Argentina will complete work on its third nuclear power plant by the end of the year, Planning Minister Julio De Vido said at a press conference. Last April, De Vido said work on the plant, called Atucha II, wouldn't be finished until the first or second quarter of 2011.
Saturday, February 6th 2010 - 01:58 UTC
Falklands say oil development is to ensure sustainable economic future

The Falkland Islands government said that hydrocarbons exploration is an important element to achieve a sustainable economic future for the Islands and quoted from British PM Gordon Brown New Year message when he said that there are “no doubts about UK sovereignty over the Falklands ” and the principle of self determination.
Friday, February 5th 2010 - 04:53 UTC
Argentina threatens UK and Falklands oil companies with legal actions

Argentina reiterated on Thursday warnings to the United Kingdom over the “illegality” and juridical consequences of having awarded oil exploration licences in the Falkland Islands, under British control but which Argentina claims as part of its territory.
Friday, February 5th 2010 - 04:39 UTC
More companies line up to join the Falklands’ oil rush

While there have been strong protests from the Argentine Government about the drilling program due to start in Falkland Islands waters this month, it has not deterred other companies wanting to join Desire Petroleum, Rockhopper Exploration and Falklands Oil and Gas in the search for oil.
Wednesday, February 3rd 2010 - 12:20 UTC
Green light in Brazil for controversial dam in Amazon jungle

A controversial project to build a massive hydroelectric dam in the heart of the Amazon jungle has received the go-ahead from Brazil’s environmental protection agency, despite objections from environmentalists and indigenous people who live in the area.
Tuesday, February 2nd 2010 - 12:54 UTC
FOGL and BHP Billiton planning two exploratory wells in Falklands’ waters

Falkland Oil & Gas Ltd., a United Kingdom based explorer in the South Atlantic, plans to start drilling a well southeast of the Falkland Islands in April reports Bloomberg.
Tuesday, February 2nd 2010 - 04:34 UTC
Shell and Brazilian company join to create giant ethanol producer and distributor

Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch Shell in a deal valued as much as 12 billion US dollars.
Friday, January 29th 2010 - 01:54 UTC
Canada confident of its oil potential development in spite of Venezuela

An assessment that Venezuela sits on one of the largest oil fields on record does not threaten the potential of Canadian reserve development, analysts said.
Monday, January 25th 2010 - 14:58 UTC
Venezuela could hold world’s largest oil reserves, says US Geological Survey

A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela's Orinoco belt region holds twice as much petroleum as previously thought.
The geologists estimate the area could yield more than 500 billion barrels of crude oil.
Friday, January 22nd 2010 - 14:49 UTC
Repsol forced to reassess its Bolivian hydrocarbons reserves

Oil company Repsol YPF is studying the impact on its hydrocarbon reserves accounting as a consequence of a change in Bolivian law, but has not made a decision on whether to lower its reserves, a spokesman for Spanish firm confirmed this week in Madrid.