The emergence of new players in the global market and shifts in the policies of gas and oil producers means that traditional conglomerates from industrialized nations are facing increasing competition in the race to access the world's reserves, revealed the United Nations agency on trade and development issues.
Exxon Mobil Corporation seems intent in leaving South America following recent compensation disputes with the Venezuelan government and the decision to sell its Argentine and Uruguayan units, according to some observers in Buenos Aires
Brazil's President Luiz Inacio Lula da Silva will promote the country's biofuel initiatives during the United Nation's annual general assembly meeting next week, as part of a broader effort to fight climate change.
The price of London Brent oil hit another all-time high Friday on US storm concerns at the end of a record-breaking week which saw New York crude soar beyond 84 dollars per barrel.
37 environmental and human rights groups have called upon the Members of the European Parliament to drop support for a 10% mandatory biofuel target during next week's vote on the Thomsen report.
Rockhopper has agreed its relinquishment pattern in accordance with the standard terms of its licences PL023 and PL024 with the Falkland Islands Government.
Oil soared to fresh record highs in New York Tuesday as traders viewed the half-point cut in interest rates by the Federal Reserve as an economic boost that would keep energy demand high.
In six months time Uruguay will have an idea if there are hydrocarbons in the River Plate Punta del Este basin, and based on this data move into the exploratory phase, announced Wednesday the chairman of the country's government managed oil company Ancap.
A report on the impact of bio-fuels suggests that bio-fuels championed for reducing energy reliance, boosting farm revenues and helping fight climate change, may in fact hurt the environment and push up food prices.
World oil prices threatened to hit a new high today ahead of a crunch meeting between the Opec oil-producing states where they will decide on whether to increase production.