Stories for May 11th 2006

Thursday, May 11th 2006 - 21:00 UTC

Desire Says It Still Seeks Falkland Rig

Desire Petroleum Plc, an explorer for oil and gas near the Falkland Islands, said it's still seeking a drilling rig for the area.

Thursday, May 11th 2006 - 21:00 UTC

Investment banks with upbeat forecast for Chile's economy.

Nineteen Chilean and international banking organizations recently consulted about the world economic growth rates anticipate positive growth in the Chilean economy over the next two years. The organizations predict a solid growth average of 5.2 percent per year.

Thursday, May 11th 2006 - 21:00 UTC

Dead penguins found on Argentina beaches

About 100 oil-coated Magellanic penguins have turned up dead in the past two weeks in a nature reserve near the frigid southernmost tip of Argentina, local reports said Thursday.

Thursday, May 11th 2006 - 21:00 UTC

Oil prices would be stable if not for Bush

The president of Venezuela, the world's fifth-largest oil exporter, called for stability in international crude prices, implying they should be lower than they are but blaming a near-constant rise on what he called war-mongering by the United States.

Thursday, May 11th 2006 - 21:00 UTC

Morales lines up land owners as next target

Evo Morales, the Bolivian president, on Thursday ruled out compensating foreign energy companies that face changes to their contracts as a result of a controversial nationalisation policy announced earlier this month.

Thursday, May 11th 2006 - 21:00 UTC

Fox warns leftist policies will harm Latin America

Vicente Fox, the president of Mexico, on Thursday delivered a salvo against the leftwing policies of Venezuela and Bolivia, warning that protectionism and nationalisation could damage the prospects of Latin America as a whole.