Energy Sector

Petrobras announces new oil find off Brazil

Petrobras announces new oil find off Brazil Rio de Janiero - Brazil's state-run energy company Petrobras has announced the discovery of a new offshore oil find. The light-oil field, referred to as Iguacu, is located in the Santos Basin in the Atlantic Ocean about 340 kilometres off the Sao Paulo coast at a depth of 2,140 metres, Petrobras said Tuesday.

The find was made in a new well in the BM-S-9, or Carioca field, that was discovered in April 2008. Petrobras did not give estimates of the field's size or volume.

The oil giant heads a consortium with Britain's BP Group and Spain's Repsol that jointly explores the field.

Japan to assist Jordan in nuclear energy development

Japan to assist Jordan in nuclear energy development Tokyo - Japan signed an agreement Tuesday to offer Jordan assistance in developing nuclear power plants, the Ministry of Economy, Trade and Industry said. The Japanese government agreed to help the Middle Eastern nation introduce nuclear power generation and guarantee non-proliferation of nuclear technology, the ministry said.

With Japan's support, Jordan is aiming to become self-sufficient in generating energy by 2030 and plans to begin operating a nuclear plant by 2017.

German wind-power firm InfraVest threatens to quit Taiwan

Wind PowerTaipei - German wind-power firm InfraVest GmbH on Monday threatened to quit Taiwan over what it claims is Taipei's reluctance to promote renewable power. InfraVest chairman Karl-Eugen Feifel told a news conference that unless Taiwan improves conditions for developing renewable power, InfraVest may quit Taiwan and consider looking for another country.

He complained that Taiwan's parliament had not adopted a bill on promoting renewable energy and the Taiwan Power Co's purchase price for InfraVest's power is too low.

Energy agency again downgrades 2009 global oil demand due to slump

Energy agency again downgrades 2009 global oil demand due to slump Paris - Worse-than-expected prospects for the world economy has prompted the International Energy Agency (IEA) to again revise downward global oil demand for 2009. In its Monthly Oil Report, issued Friday in Paris, the IEA said that "after a flurry of downward adjustments by both public and private forecasters," oil demand for 2009 has been revised down by 1 million barrels per day, to 83.4 million barrels per day.

This is a drop of 2.8 per cent compared to 2008, the IEA said.

Greenpeace warns Philippines against nuclear waste shipment

Greenpeace warns Philippines against nuclear waste shipment Manila  - Environmental watchdog Greenpeace Thursday urged the Philippine government to prevent the passage of the largest-ever transport of reprocessed nuclear waste via the country's waters next month.

Greenpeace said a shipment of 1.8 tons of radiotoxic plutonium in mixed-oxide (MOX) fuel intended for nuclear power plants in Japan is travelling via the Cape of Good Hope and the south-west Pacific Ocean from France, where the cargo left on March 5.

OPEC oil price sheds nearly one dollar

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