Desire Petroleum plc, the oil and gas exploration company wholly focused on the North Falkland basin, today announces an update on its activities.
Lack of energy, Venezuela's president Hugo Chavez and international terrorism are the major threats for Latinamerica concluded Wednesday several experts from the region in the framework of the World Economic Forum meeting in Davos, Switzerland.
Despite promises last year that gas prices would remain stable in coming months, gas supply company Energas announced Tuesday that prices are to increase by an average of 2.7 percent.
Spain's ENCE unveiled this week in Montevideo plans to produce a million tons of cellulose by September 2009 in a plant to be built in the south west of Uruguay along the River Plate coast.
Chile will call an international bid for the exploration of hydrocarbons in the extreme south of the country during the first half of this year, announced Karen Poniachik, the country's Minister of Energy and Mines.
Oil prices dropped below US$ 51,80 a barrel to new 19-month lows yesterday on a report that OPEC powerhouse Saudi Arabia said further production cuts are not necessary right now.
Brazil's government controlled oil corporation Petrobrás announced this week the start of natural gas production offshore the state of Bahia, which should increase supply in the northeast of the country helping to reduce the strong dependency from Bolivia.
Brazilian state-run oil company Petrobras's Argentine unit Petrobras Energía SA plans to invest more than two billion dollars over the next five years in Argentina and start this year exploring oil on Argentina's territorial sea, Petrobras Energía new Director General Carlos Fontes said.
The Chinese economy expanded 10.5% in 2006, the fourth year running it has been growing at double digit pace revealed on Friday Ma Kai head of the powerful Development and Reform Committee, NDRC.
Brazil's government managed hydrocarbons corporation Petrobras begun Tuesday oil and gas extraction from the new Cidade do Rio de Janeiro vessel-platform in the Espadarte field, belonging to the Campos Basin.