The energy world sat up and took notice earlier this month when the head of Brazil’s National Petroleum Agency said a new offshore find could hold an incredible 33 billion barrels of oil equivalent.
Haroldo Lima caught a lot of criticism for that from state-run Petrobras, which said it had not yet quantified reserves in that […]

May 3rd, 2008 Tags: Brazil, Company, Energy, Lima, mining, Oil, oil equivalent, Petrobras, Petroleum, Plains, the Financial Times

Shares of U.S.-traded mining companies based in Latin America fell on Friday as gold prices retreated and the dollar gained value against some currencies. Gold for June delivery fell $27.70 to settle at $915.20 an ounce on the New York Mercantile Exchange after earlier plunging to a two-week low of $907.30.

Meanwhile, the dollar moved higher against […]

April 19th, 2008 Tags: America, bank, Bank of New York, Brazil, Companhia Vale, Companhia Vale do Rio Doce, Exchange, Gold, Latin America, Lima, Market, markets, mining, New York, Peru, Price, Prices, Rio Doce, Shares, Trade

Universal Uranium Ltd. has terminated the option agreement dated February 10, 2006 with Artillery Peak Uranium Corp. Pursuant to the terms of the Agreement, the Company had the option to earn and acquire a 100% interest in Artillery Peak Uranium Corp.’s 86 lode mining claims totalling 1776.85 acres located 186 kilometres northwest of Phoenix, Arizona.
The […]

April 19th, 2008 Tags: Arizona, CDNX, Chairman, Company, Exchange, Exploration Company, IGHL, Labrador, Lima, Lisbon, Lisbon Valley, lode mining claims, mine, Miner, Mineral, Mines, mining, Moab, Northwest, Orica, Phoenix, The TSX Venture, Universal Uranium Ltd., Uranium, uranium miner, Utah, Valley

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn […]

April 17th, 2008 Tags: BHP, BHP Billiton, Billiton, Chairman, China, Coal, coal mine, coal miner, coal mining, Company, Copper, Energy, Environment, Freeport, Gold, India, Indonesia, Indonesian government, Kalimantan, law, Lima, Malaysia, metal, mine, Miner, Miners, mining, Power, Price, Prices, Rio Tinto, Rusal, Russia, Russian, Sulawesi Island

Greenpeace activists dumped 200 kilos of coal at the entrance of the Department of Environment and Natural Resources (DENR) on Thursday and unfurled a banner with the message “Atienza, don’t be a climate criminal.” The activists are demanding that Secretary Lito Atienza immediately reject all plans to construct a dangerous coal-fired power plant in Iloilo City.

Instead […]

April 17th, 2008 Tags: ARCO, Bali, Coal, coal-fired plants, Department of Environment, Department of Environment and Natural Resources, electricity, Energy, energy alternatives, energy sector, Environment, fuel, Gas, geothermal power plant, Greenpeace, Hydro, Lima, mining, Natural Resources, Oil, Philip, Philippines, Power, renewable energy, Resources, the Philippines, toxic gas, Water

In a Rose Garden speech, President Bush proposed stopping the growth of the nation’s greenhouse gas emissions by 2025 and urged other industrialized nations to set goals to address climate change. While setting a broad goal, the president offered only a general outline — and few specifics — about how to achieve the objectives.

Friedman, Billings, Ramsey […]

April 17th, 2008 Tags: Anadarko, Anadarko Petroleum, Anadarko Petroleum Corp., Bush, Chesapeake Energy, Chesapeake Energy Corp, Energy, Energy Corp., Evergreen Solar Inc., Friedman, Gas, gas emissions, gas producer, greenhouse gas, greenhouse gas emissions, Kevin Book, Lima, Market, Natural Gas, natural gas producer, Petroleum, Power, Power Corp., Shares, Solar, solar energy, SUN, use gas, White House

The head of Brazil’s National Petroleum Agency, Harold Lima, is in hot water after saying Monday that a new offshore discovery could hold 33 billion gallons of oil, four times as much as the Tupi offshore discovery announced in November.
Shares of state-run Petrobras shot up more than 8 percent on the news and remained positive […]

April 17th, 2008 Tags: Brazil, Lima, Maine, Market, Oil, oil discovery, Petrobras, Petroleum, Shares, Water

Shares in UK natural gas producer BG Group Plc jumped nearly 6 percent as investors started betting on the potential size of the Carioca oil discovery in Brazil after the chief of the country’s petroleum agency revealed the site could be holding around 33 billion barrels of oil equivalent, making it one of the world’s […]

April 17th, 2008 Tags: BG, BG Group Plc, Brazil, Citigroup, Gas, gas producer, III, Lima, London, Market, markets, Natural Gas, natural gas producer, Oil, oil discovery, oil equivalent, oil find, Oil service, pence, Petrobras, Petroleum, project operator, Resources, services, Services Group, Shares, Spain, state-owned oil

JPMorgan Chase & Co. will buy ClimateCare, a privately held carbon offset company. Terms of the deal were not disclosed. ClimateCare will be integrated into JPMorgan’s environmental markets group.

The combined entity will create carbon emission reduction projects worldwide and trade carbon emission reduction credits generated by the projects.

March 27th, 2008 Tags: Company, Energy, energy projects, Environment, JPMorgan, Lima, Market, markets, mining, Power, Trade

Plans to build an ethanol plant near Erskine have suffered another setback, with the Minnesota Pollution Control Agency set to recommend that the project, proposed by Agassiz Energy LLC, complete a detailed Environmental Impact Statement before proceeding further. The recommendation comes as a result of the project’s 70-page Environmental Assessment Worksheet and its review process, […]

March 25th, 2008 Tags: Center, Chairman, Company, Department of Natural Resources, DNR, Energy, Environment, Environmental Assessment, Erskine, Gas, greenhouse gas, Inco, law, Lima, Market, Mike, mining, Minnesota, Minnesota Center for Environmental Advocacy, Minnesota Pollution Control Agency, Natural Resources, Northwest, Pollution Control, Resources, U.S. Fish and Wildlife Service, use gas, Water, ZAR

Australia is the oil and the poor must intensify exploration in the context of efforts aimed at ensuring the country’s energy security, the federal Minister of Energy says Martin Ferguson. There are hundreds of years, the value of coal and gas, but only one to two decades of known resources of oil and condensate, he said.

“The […]

March 18th, 2008 Tags: Australia, Bass Strait, Coal, Energy, energy sector, energy security, energy supplies, Ford, Gas, Lima, Martin Ferguson, mine, Miner, Mineral, Oil, oil exploration, Petroleum, petroleum product, petroleum products, Resources, Sydney, Trade

Alberta Premier tells U.S. that environmental toll from oilsands is a “myth” See for yourself – CBC news report on Alberta tar sands environmental impact. Part 3 of 3.

WASHINGTON – Alberta Premier Ed Stelmach asked American business leaders Wednesday not to buy into the “myth” that oilsands production comes at too high an environmental cost, saying […]

March 5th, 2008 Tags: Alberta, America, Asia, Asian, ASN, Attorney, California, Canada, Edmonton, Energy, Energy bill, energy imports, energy security, Environment, fuel, Gas, greenhouse gas, Lima, Market, markets, mine, mining, Natural Resources, Oil, oil industry, oil sales, Petroleum, Resources, sands, Trade, U.S. government, United States, use gas, Washington, Water

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