Energy & Oil

Sunday, March 18th 2012 - 19:53 UTC
Top executives from Chevron barred from leaving Brazil because of oil spills case

A Brazilian court barred 17 executives from Chevron and Transocean from leaving Brazil, pending criminal charges related to a high-profile oil spill last November. A second oil spill detected last week further complicated the situation.
Sunday, March 18th 2012 - 19:50 UTC
HMS Illustrious, command ship in tough Arctic weather training

Royal Navy helicopter carrier HMS Illustrious is in the midst of NATO Exercise Cold Response, based in the Arctic. Illustrious is the command ship for Major General Ed Davis, Commandant General Royal Marines, who, with his Commander Amphibious Forces staff, is directing the movements of allied warships.
Sunday, March 18th 2012 - 19:48 UTC
Unasur supports Argentine Malvinas and call on UK to resume negotiations

Foreign ministers from the Union of South American Nations (UNASUR) reaffirmed their support for Argentina over the Malvinas Islands sovereignty dispute at the annual meeting held in Asunción, Paraguay.
Saturday, March 17th 2012 - 07:21 UTC
YPF is an Argentine asset run by Spanish investors, De Vido tells Madrid

Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country.
Saturday, March 17th 2012 - 06:10 UTC
US confirms ‘neutral position’ in Falklands’ dispute; hopes for cooperation on practical issues

United States stated that it maintains its “neutral position” over the Falklands/Malvinas Islands dispute between Argentina and UKand hopes for an agreed solution, an official source of the US government assured after the three day visit of British Prime Minister David Cameron which included several meetings at the White House
Saturday, March 17th 2012 - 06:01 UTC
EU ministers agree to free trade pact with Colombia and Peru

EU trade ministers agreed on Friday to approve a free trade pact with Colombia and Peru that could boost European car and chemical exports and lift food and mineral exports from the South American countries.
Friday, March 16th 2012 - 19:05 UTC
Falklands tells Argentina latest intimidation and bullying efforts are entirely counter-productive

The elected government of the Falkland Islands said on Friday it regrets the latest attempt by the Argentine government to economically undermine the Islanders way of life, which is yet another example of intimidation and bullying towards a country of 3.000 people.
Friday, March 16th 2012 - 08:37 UTC
Argentina promises legal actions against all companies involved in Falklands’ oil industry

Argentina will take legal action at home and abroad against any companies involved directly or indirectly in hydrocarbons exploration off the Falkland/Malvinas Islands, Foreign Minister Hector Timerman said on Thursday.
Thursday, March 15th 2012 - 22:17 UTC
Quick reply to Argentina: UK reaffirms Falklands’ right to develop hydrocarbons resources

Britain waited only a few minutes for Argentina to finish detailing a barrage of legal and administrative threats against anybody and everybody involved in the Falklands oil industry, and firmly stated its full support to the Islanders development of their hydrocarbons resources.
Thursday, March 15th 2012 - 06:07 UTC
YPF survival battle to remain private took off in two Patagonian provinces

The governments of the Patagonian provinces of Chubut and Santa Cruz announced the termination of the contract of exploitation of four different oil wells that YPF handles in the Gulf San Jorge and that both provinces share. Spain’s Repsol, the oil giant that controls YPF has announced it will file a lawsuit against the measure.