Energy & Oil

• Saturday, July 28th 2012 - 01:25 UTC

  Rousseff pledges to tackle the “Brazil cost” with new stimulus package

  

  Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in the next few months, including investments in ports, airports, railroads and highways.

• Thursday, July 26th 2012 - 21:24 UTC

  Repsol net profit down in second quarter; plans sale of assets to boost production

  

  Spain’s Repsol SA said on Thursday its second-quarter net profit (excluding the recently-nationalized Argentine unit YPF) declined 45% on the year, as higher production in Libya and elsewhere couldn't offset the effect of declining oil and gas prices on the value of inventories.

• Wednesday, July 25th 2012 - 06:36 UTC

  Argentina is making few friends in the oil and gas industry these days

  

  Interview with Sam Logan (*) Angering Spain by seizing and nationalizing a majority of Repsol's shares in YPF and ramping up the rhetoric over the Falkland Islands as exploration deals promise to make the territory a major oil player overnight, Argentina is making few friends in the fossil fuels industry these days.

• Tuesday, July 24th 2012 - 20:57 UTC

  Chavez in a veiled threat tells Spain’s Repsol to seek agreement with Argentina

  

  Venezuelan President Hugo Chavez advised Repsol to seek a friendly agreement in its dispute with Argentina and noted that the Spanish energy company held important assets in his country.

• Saturday, July 21st 2012 - 07:17 UTC

  YPF building credibility buys back 79 million dollars in 2028 bonds

  

  Argentina's nationalized oil and gas company YPF said on Friday it had bought back 79 million dollars in 2028 bonds that it was obliged to repurchase in the case of a state takeover.

• Friday, July 20th 2012 - 08:18 UTC

  Seaweed bio-fuels plant fuelled with CO2 from sugar cane processing in Brazil

  

  The world's first industrial plant producing bio-fuels from seaweed will be built in the north-eastern Brazilian state of Pernambuco in late 2013, the official in charge of the project said Thursday

• Friday, July 20th 2012 - 07:59 UTC

  US solar companies can compete with China with a bit of innovation

  

  The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from Chinese solar panels has many believing that American solar simply cannot compete. Not so.

• Friday, July 20th 2012 - 07:53 UTC

  Repsol sells 540 million dollars in assets in Chile as part of divestment program

  

  Spain’s Repsol said on Thursday it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately 540 million dollars.

• Thursday, July 19th 2012 - 08:23 UTC

  Bolivia agrees to sell more gas to Argentina under an ‘interruptible’ contract

  

  Argentina and Bolivia signed on Wednesday new agreements to increase the sale of Bolivian natural gas to its southern neighbour but the controversial issue of a price review went unnoticed.

• Thursday, July 19th 2012 - 07:58 UTC

  US oil companies interested in investing in YPF, but have their conditions…

  

  At least four leading US oil corporations are interested in investing in Argentina’s nationalized YPF but are demanding a law that guarantees investments, direct export of oil and remittance of benefits.