Energy & Oil

• Friday, June 11th 2010 - 06:20 UTC

  Venezuela suspends power rationing in the eve of the World Cup

  

  Venezuelan President Hugo Chavez suspended a national electricity rationing plan, saying that the grid had been strengthened by new investments in thermoelectric plants and heavy rains that filled up reservoirs. He also wants Venezuelans to watch the World Cup in South Africa.

• Thursday, June 10th 2010 - 18:17 UTC

  Brazil-Paraguay discussions to review the Itaipú Treaty are ‘done and over’

  

  For Brazil the renegotiation of the Itaipú dam treaty between Brazil and Paraguay ‘is over’ following on last year’s declaration of Presidents Lula da Silva and Fernando Lugo, said Marco Aurelio García the Brazilian president main advisor in international affairs.

• Thursday, June 10th 2010 - 06:10 UTC

  Power emergency extended for another 60 days in Venezuela

  

  Venezuela extended for another sixty days the national power emergency which has first imposed last February to address the energy crisis punishing the country. The new extension was published in the Official Gazette 7 June, effective June 8 and follows on the previous 60 days period from April.

• Tuesday, June 8th 2010 - 16:23 UTC

  Falklands’ Rockhopper raises £48.5 million to fund more offshore drilling operations

  

  Rockhopper Exploration announced on Tuesday it had raised £48.5m from the stock market to fund its drilling operations off the Falklands Islands. Last week Rockhopper revealed that its first well in the North Falkland Basin, called Sea Lion, had found much more oil than expected.

• Tuesday, June 8th 2010 - 11:35 UTC

  Desire Petroleum plc PR

  

  Desire Petroleum plc (AIM:DES) the exploration company focusing on the North Falkland Basin is pleased to announce that, at the Annual General Meeting of the Company held today, all resolutions were passed.

• Tuesday, June 8th 2010 - 03:53 UTC

  Petrobras controls spill at offshore rig while transferring oil to ship

  

  Brazil’s government managed oil and gas corporation Petrobras announced Monday it had controlled an oil leak at an offshore platform in the Campos Basin, 160 kilometers from Rio do Janeiro.

• 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.