Energy & Oil

Friday, February 15th 2008 - 20:00 UTC
Lack of Argentine gas forces red numbers on Magallanes region

Magallanes Region economic activity plummeted 22.7% during the last quarter of 2007 which meant the region ended the twelve month period with a surprising negative performance of 11.5%, according to the local chapter of Chile's National Statistics Institute, INE.
Friday, February 15th 2008 - 20:00 UTC
Regional presidential summit to address winter gas supply

A presidential summit of Argentina, Brazil and Bolivia leaders is scheduled for next February 23 in Buenos Aires to try and find a solution to the anticipated shortage of Bolivian natural gas supply next winter if as estimated Argentine and Brazilian demand increases over last year's volume.
Thursday, February 14th 2008 - 20:00 UTC
Argentina extends energy saving plan & efficiency culture

Argentina's president Cristina Fernandez de Kirchner claimed on Wednesday the government had already saved almost 600 megawatts in electricity as part of the joint Plan for Efficient Energy use.
Wednesday, February 13th 2008 - 20:00 UTC
Falklands' Stanley Services celebrates 20th anniversary

A fuel supplier and freight company vital to the development of the Falkland Islands over the last two decades celebrates its twentieth anniversary since inauguration this year.
Wednesday, February 13th 2008 - 20:00 UTC
Bolivia admits gas demand growing faster than output

Bolivian vice president Alvaro Garcia Linera ratified Wednesday in Brasilia that his country guarantees the current supply volume of natural gas to Argentina and Brazil, although he cautioned about risks when demand is forecasted to increase next winter.
Monday, February 11th 2008 - 20:00 UTC
Exxon conflict: Chavez threatens to cut US oil supply

Venezuelan President Hugo Chavez threatened to stop sending oil to the United States if Washington continued to attack Venezuela as he said it had done through an Exxon Mobil lawsuit that has frozen the assets of the world's fifth oil exporter.
Friday, February 8th 2008 - 20:00 UTC
Exxon Wins Freeze on $12 Billion in Venezuela Assets

Exxon Mobil Corp. won court orders in the U.S., U.K., the Netherlands and the Caribbean freezing more than $12 billion in Venezuelan assets amid a battle over the government's seizure of oil projects.
Thursday, February 7th 2008 - 20:00 UTC
Chile ready to announce electricity saving measures

Depleted reservoirs, the recent closure of a major generating plant and an expected consumption surge in March have Chilean authorities concerned about Chile's ability to meet its growing electricity needs.
Thursday, February 7th 2008 - 20:00 UTC
Drilling record: 7 miles extended-reach oil well off Russia

Exxon Mobil Corporation, the world's largest oil company recently broke its own industry record for the longest “extended-reach” oil well: more than seven miles from the frigid shores of Sakhalin Island off Russia's east coast.
Wednesday, February 6th 2008 - 20:00 UTC
F Times: Argentine energy model “unsustainable”

The energy model championed by Argentine President Cristina Fernández and her husband, former President Néstor Kirchner, keeping domestic energy prices and utilities tariffs artificially low to boost an economy recovering from a debt and devaluation crisis in 2001-2002, looks increasingly unsustainable.