Energy & Oil

Thursday, January 21st 2010 - 06:44 UTC
Seismologists’ call to prepare for a “great earthquake” in Western Sumatra

The earthquake which rocked Padang, western Sumatra in September last year killing more than 1000 people was not the 'great earthquake' which earth scientists are waiting for. In fact, it may have made the next massive earthquake more likely.
Thursday, January 21st 2010 - 02:31 UTC
Oil executives check preparations for rig arrival in Falklands

DRILLING chemicals, pipe casing and logging equipment are just part of the mass of physical supplies being offloaded in Stanley in preparation for the arrival of the oil rig in Falkland Islands waters next month.
Monday, January 18th 2010 - 13:31 UTC
US and NZ share the biggest wind farm in Antarctica

The biggest wind farm in ice covered Antarctica and which can generate enough electricity to power 500 homes, was formally switched on this weekend.
Friday, January 15th 2010 - 06:34 UTC
2009 was the hottest year on record south of the Equator, says Science

The United States and Europe may be experiencing one of the coldest winters in decades, but things continue to heat up in the Southern Hemisphere. Science magazine has obtained exclusive data from NASA that indicates that 2009 was the hottest year on record south of the Equator. The find adds to multiple lines of evidence showing that the 2000s were the warmest decade in the modern instrumental record.
Friday, January 15th 2010 - 06:11 UTC
Chavez cancels energy rationing in Caracas; sacks electricity minister

Venezuelan president Hugo Chavez cancelled energy rationing in Caracas after a chaotic first day of staggered blackouts angered his supporters, but the measures will continue across the country.
Thursday, January 14th 2010 - 12:07 UTC
Petrobras expands its operations to Portugal and Turkey

Brazil’s government managed oil giant Petrobras is in talks to buy a stake in Portugal’s Galp Energia, Brazil’s Mines and Energy Minister Edison Lobao told reporters Wednesday in Brasilia.
Wednesday, January 13th 2010 - 08:07 UTC
Power debacle in Venezuela: four-hours rotating black outs in major cities

Venezuela announced electricity cuts on a rotating basis to sections of the country’s capital Caracas and major cities as the government deepens energy rationing amid a drought. In December major industries were forced to limit production.
Friday, January 8th 2010 - 20:45 UTC
Falkland Islands: Drilling preparations step up a gear onshore

AS the semi-submersible drilling rig Ocean Guardian, contracted by Desire Petroleum from Diamond Drilling, continues to make its way south, a number of oil operators are scheduled to visit the Falklands to meet with government officials this month.
Tuesday, January 5th 2010 - 12:45 UTC
Brazilian exports in 2009 suffer worst performance in six decades

Brazil trade surplus in 2009 was 24.615 billion US dollars the lowest since 2002 (13.13 billion USD) and the worst since President Lula da Silva has been in office, according to the latest release from the Development, Trade and Industry ministry.
Tuesday, January 5th 2010 - 12:35 UTC
China buys into Canada’s tar sands; Angola signs oilfield deals with Iraq

Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects.