Energy & Oil

• Wednesday, April 8th 2009 - 01:10 UTC

  Magallanes gas production reaches one million cubic metres per day

  

  Oil and gas company Geopark which operates in the extreme south of Chile announced this week it had reached a daily extraction of a million cubic metres of natural gas, equivalent to 20% of Chilean production, making her the country’s largest private producer.

• Wednesday, April 8th 2009 - 00:30 UTC

  Huge mining project will turn Magallanes into Chile’s “coal region”

  

  A huge project involving 300 million US dollars for the exploitation of coal deposits in the extreme south Chilean Magallanes Region was officially presented in Punta Arenas this week by Energy Minister Marcelo Tokman and top officials from the two companies involved in the project.

• Tuesday, April 7th 2009 - 12:49 UTC

  Venezuelan and Japan leaders agree to deepen ties

  

  Japanese Prime Minister Taro Aso and Venezuelan President Hugo Chavez agreed Monday to deepen ties in energy, investment and trade, with Japanese companies ready to participate in gas and crude production in the Latin American country.

• Tuesday, April 7th 2009 - 11:47 UTC

  Petrobras and Repsol agree to develop oil and gas off Santos

  

  The consortium formed by Brazil’s government managed oil and corporation Petrobras (63%, operator) and Spain’s Repsol (37%) has delivered a Declaration of Commercial Viability for a light oil and gas discovery made in reservoirs located above the salt layer, in block BM-S-7, in the Santos Basin.

• Saturday, April 4th 2009 - 02:18 UTC

  A Brazilian oil carnival?

  

  How much access western energy firms win to Brazil’s vast offshore oil fields hinges on complex political currents in the country – and how well the companies navigate these, argues Juliet Hepker.

• Friday, April 3rd 2009 - 09:14 UTC

  Argentine province extends oil and gas concessions to US company

  

  United States Apache Corporation announced this week that the Argentine Patagonian province of Neuquen has agreed to extend eight federal oil and gas concessions for 10 additional years.

• Tuesday, March 31st 2009 - 08:56 UTC

  Qatar says “it’s OK” with crude at 50USD per barrel

  

  Qatar's oil minister said Monday he was “OK” with crude oil at 50 US dollars per barrel for this year, reflecting a measure of pragmatism by OPEC. However OPEC president forecasted that oil prices could reach 75USD by the end of the year.

• Wednesday, March 25th 2009 - 07:57 UTC

  Brazil begins to cut natural gas dependency from Bolivia

  

  President Lula da Silva said that Brazil can’t depend for its natural gas solely on Bolivia and anticipated that with the recent opening of a liquid gas plant, the fuel can be imported from the Caribbean. Anyhow “we will continue to purchase Bolivian gas until at least 2019”.

• Monday, March 23rd 2009 - 08:48 UTC

  Petrobras guarantees fuel supply ahead of five day strike

  

  Brazil’s government managed oil and gas corporation Petrobras said there is “no chance” a planned strike by its workers beginning Monday will limit the country’s fuel supply.

• Friday, March 20th 2009 - 05:27 UTC

  Brazil needs 270 billion USD in ten years to make true its oil dreams

  

  Brazil needs 270 billion US dollars in investment over the next 10 years to develop massive new deepwater oil reserves, energy minister Edison Lobao said on Thursday.