Energy & OilEnergy & Oil
Argentine president Cristina Fernandez de Kirchner travels on Thursday to Punta Arenas, extreme south of Chile, for the commemoration of the 30th anniversary of the crucial papal intervention which defused a full fledged war between the neighbouring countries.
Leading oil companies from Brazil, Spain, Russia, UK and United States are participating of the three days Uruguay Round collecting data on oil and gas exploration prospects off shore Uruguay in the River Plate.
While oil skidded to its lowest level since May 2005 in New York on Tuesday, the head of OPEC (Organization of Petroleum Exporting Countries) said he hopes oil producing nations like Russia will join the organization, or at least agree to output cuts to help spark a rally in prices.
OPEC energy ministers decided on Saturday to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil. OPEC President Chakib Khelil said any such decision would be made at a meeting in Algeria next month.
Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.
Slumping oil prices are beginning to bite into the government budgets of many OPEC members generating different opinions regarding supply and price policies, according to the latest report from an oil energy investment dealer based in Calgary, Canada's oil capital.
Borders & Southern has completed its benthic sampling program within its South Falkland Basin licenses offshore the Falkland Islands, according to a report from the London based company released Wednesday.
NORTH Falkland Basin oil and gas exploration company Rockhopper Exploration have announced prospects of over four billion barrels of oil and gas.
Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the island.
In spite of the global recession and the international gloomy atmosphere, Magallanes region in the extreme south of Chile has been forecasted ten years of 6.3% annual average growth speared by investments in energy related projects.