Energy & OilEnergy & Oil
The first operational deployment of the Combined Aerial Target Service, CATS is scheduled to be shipped this month to the Falkland Islands garrison where they will be used to train British Army ground based air defense units stationed in the Islands reports Technology News Daily, TND.
The huge methanol producing complex belonging to Methanex in Punta Arenas, extreme south of Chile, will only recover full capacity production in three years time, 2011, when a sustained provision of Chilean natural gas is ensured, according to Bruce Aitken, CEO of the Canadian corporation.
Brazil's government managed oil corporation Petrobras Energia announced the investment of 2.4 billion US dollars in hydrocarbons exploration and exploitation in Argentina in the next four years.
Brazil's government managed oil corporation Petrobras announced Tuesday that its first oil rig designed to produce extra heavy petroleum went online on Tuesday. The special rig is located in the Badejo field in the Campos basin, off Rio do Janeiro according to a release from Petrobras.
Cuba has opened as of Monday luxury hotels and resorts to all Cubans, ending a ban long described in the island as tourist apartheid. This is the latest is a series of decision to lift bans and regulations on goods and services which anyhow most Cubans can't afford.
Sydney was the first major city to begin Earth Hour, when at 2000 (0900 GMT), lights went out on landmarks like the Opera House and Harbour Bridge.
A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said.
The three major candidates for Paraguay's presidential election next April 20 have agreed on one thing this week: Brazil must pay more for energy from the Itaipú dam on a river border between the two nations.
Uruguay will open its continental platform for oil exploration in 2009 following on encouraging seismic surveys of the area, said this week incoming Minister of Industry and Energy Daniel Martinez.
China's Central Bank increased the amount of money commercial banks must keep in reserve just hours after Premier Wen Jiabao warned inflation was a top concern. The People's Bank of China said in a statement the bank reserve ratio would rise half a percentage point to 15.5% from March 25, in yet another bid to implement tight monetary policies and cool the economy.