Energy & Oil

• Monday, January 24th 2011 - 20:16 UTC

  Pacific Ring Countries to Make Energy Sharing Plans

  

  Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.

• Monday, January 24th 2011 - 17:22 UTC

  Work at Yacyreta Finalises in February

  

  Work at the hydro-electric complex Yacyreta will finalise at the end of next month, when the dam reaches 83 metres above sea level, as stipulated in its original design, executive director of the Bi-national Entity Yacyreta (EBY) Oscar Thomas informed

• Saturday, January 22nd 2011 - 07:02 UTC

  Oil Price in Venezuela at Two Year High

  

  Figures released by the Venezuelan Ministry of Energy and Petroleum said the average price of crude oil sold by Petroleras de Venezuela (PDVSA) rose this week to U$ 86.79 up from U$ 85.987 last week.

• Wednesday, January 19th 2011 - 09:18 UTC

  Falkland Oil & Gas Limited Exploration Update

  

  FOGL, the oil and gas exploration company is pleased to announce an exploration update with respect to its licence interests offshore the Falkland Islands and in particular to its 100% owned and operated southern licences. FOGL also holds a 49% interest in licences collectively referred to as the northern licences in which BHP Billiton holds 51% and is operator.

• Wednesday, January 19th 2011 - 00:43 UTC

  Chile: After Seven Days of Manifestation Agreement Puts End to Gas Crisis

  

  Chilean officials reached agreement Tuesday with the Citizens Assembly of Magallanes over an increase in natural gas prices that sparked a week-long general strike in the remote southern region, sources involved in the talks said.

• Tuesday, January 18th 2011 - 18:32 UTC

  YPF To Begin Offshore Exploration In Tierra del Fuego

  

  A spokesperson for the Argentine oil firm YPF informed that exploration work is scheduled to begin this quarter on the coast of Tierra del Fuego, a province located off the southernmost tip of the South American mainland.

• Tuesday, January 18th 2011 - 16:07 UTC

  70% of Uruguay's summer energy needs may come from wind farms by 2015, says state power company

  

  Announcing the preliminary results of a call for tenders to supply wind energy, UTE, Uruguay's state power company, announced that 21 companies and consortia had presented valid offers last week.

• Tuesday, January 18th 2011 - 01:15 UTC

  Chile: “Zero readjustment” is not a viable option to resolve conflict due to gas price increase

  

  Energy and Mining Minister Laurence Golborne insisted on the last proposal made by the Chilean government to stop manifestations which would imply a 3% increase in hydrocarbon.

• Monday, January 17th 2011 - 23:22 UTC

  Falklands: FOGL prospects show promise, says broker

  

  FALKLAND Oil and Gas Limited has the potential to offer investors returns of 130 per cent in the medium term, according to the Jefferies brokerage.

• Monday, January 17th 2011 - 17:32 UTC

  Venezuela's Oil Reserves Surpass Those of Saudi Arabia

  

  Venezuela's president Hugo Chavez announced that his country's oil reserves total 217 barrels, topping Saudi Arabia's and making them the largest in the world.