Energy & Oil

• Tuesday, August 9th 2011 - 07:56 UTC

  Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

  

  Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.

• Saturday, August 6th 2011 - 08:29 UTC

  Soft loans for Brazilian suppliers of the oil and gas industry

  

  Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.

• Saturday, August 6th 2011 - 00:06 UTC

  Paraguay/Uruguay sale of power remains blocked by Argentina

  

  The sale of power from landlocked Paraguay to Uruguay remains in suspense given a “difference” in the toll price for the use of the Argentine grid to deliver the power.

• Wednesday, August 3rd 2011 - 06:58 UTC

  CFK and Mujica underline ‘importance of dialogue’ and overcoming conflicts

  

  President Cristina Fernandez de Kirchner, CFK, underlined the importance of dialogue between Argentina and Uruguay which enable to overcome ‘conflicts’, while her Uruguayan peer Jose Mujica said that the “good neighbours” policy is the only way forward and a win-win situation for both sides.

• Tuesday, August 2nd 2011 - 12:50 UTC

  Spanish group receives soft funding to expand wind farms in south of Brazil

  

  Spain’s Elecnor group is building more wind power plants in Brazil’s southern state of Rio Grande do Sul totalling an estimated 300 MW. The undertaking was boosted by funding from Brazil economic and social development bank, BSDES)

• Friday, July 29th 2011 - 07:08 UTC

  Repsol-YPF earnings hit by civil war in Libya and labour strikes in Argentina

  

  Repsol-YPF, Spain’s largest oil company, said second-quarter earnings fell 7.3% after refining margins narrowed and output declined because of the civil war in Libya and strikes in Argentina.

• Thursday, July 28th 2011 - 11:32 UTC

  Venezuela remains committed to compensate oil companies, says minister

  

  Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.

• Thursday, July 28th 2011 - 00:34 UTC

  Latam’s 2010 foreign direct investment reached 159bn dollars, mostly from Asia

  

  Foreign direct investment (FDI) flows to Latin America and the Caribbean increased by 13% in 2010 to reach 159 billion dollars indicated UNCTAD (United Nations Conference on Trade and Development) annual investment survey that was released Wednesday.

• Wednesday, July 27th 2011 - 03:41 UTC

  Global demand for oil will increase in 2012 driven by emerging economies

  

  Global oil demand will increase further next year, the International Energy Agency (IEA) has predicted. The IEA, which represents the main oil consuming nations, said the increase in crude usage would continue to be driven by emerging economies.

• Tuesday, July 26th 2011 - 13:29 UTC

  Petrobras plans to double oil output by 2015 and exit debt market in 10 years

  

  Brazil’s government managed Petrobras said its plan to more than double oil output will boost cash flow and eliminate the need to tap debt markets after about 10 years. Profits from oil sales will be enough to cover operating and debt costs starting in about 10 years, said Chief Financial Officer Almir Barbassa.