Energy & Oil

Saturday, December 8th 2007 - 20:00 UTC
Repsol YPF finds important natural gas field in Bolivia

Repsol YPF SA, Spain's largest oil company, discovered natural gas at a field in southeast Bolivia that may be large enough to supply the equivalent of 1% of consumption in its home country.
Friday, December 7th 2007 - 20:00 UTC
UN watchdog agency praises Brazil's nuclear program

The head of the United Nations nuclear watchdog agency this week praised Brazil's nuclear energy programme while visiting a uranium enrichment plant capable of producing fuel for nuclear reactors.
Friday, December 7th 2007 - 20:00 UTC
US Congress discusses rise in vehicle fuel efficiency

An energy bill that would require the first rise in vehicle fuel efficiency in more than 30 years was passed this week by the United States House of Representatives.
Friday, December 7th 2007 - 20:00 UTC
Brazil discovers huge offshore natural gas and light oil field

Brazil's government owned Petrobras confirmed this week the discovery of new natural gas reservoirs to the north of the Camarupim field, in the Espírito Santo Basin, off the southeastern coast of the country.
Thursday, December 6th 2007 - 20:00 UTC
Desire Petroleum closer to drilling in Falklands' tranches

Desire Petroleum plc (AIM:DES) is pleased to announce that Wavefield InSeis ASA has completed the full site survey programme on Tranches C, I and L as planned. The entire survey was successfully acquired in 6 days with no weather downtime.
Wednesday, December 5th 2007 - 20:00 UTC
OPEC maintains oil output; quotas to new members

OPEC froze oil output levels on Wednesday, resisting calls for a hike to help cool sky-high prices that have flirted with 100 dollars and which threaten to dampen global economic growth.
Tuesday, December 4th 2007 - 20:00 UTC
Contract to explore world's largest iron ore deposit

Bolivian President Evo Morales has signed into law a contract for India's Jindal Steel and Power to develop the massive El Mutun iron ore deposit through a 2.1 billion US dollars investment, believed to be the largest foreign investment in Bolivia's history.
Monday, December 3rd 2007 - 20:00 UTC
Punta Arenas methanol plant diversifies gas supply

Canada's Methanex Corporation the world's largest producer of methanol announced it agreed to finance Chilean natural gas explorations by GeoPark holdings in exchange for a share of the gas it finds in the Magallanes basin.
Monday, December 3rd 2007 - 20:00 UTC
OPEC meeting in Abu Dhabi divided over pumping more oil

Oil prices rebounded Monday as speculation grew that OPEC may decide to leave output unchanged at a meeting this week in Abu Dhabi. New York's light sweet crude for January delivery, closed at 89.31 dollars per barrel and in London Brent North Sea crude jumped 1.54 dollars to settle at 89.80 dollars.
Friday, November 30th 2007 - 20:00 UTC
China interested in South Atlantic oil and gas exploration

China is interested in exploring for hydrocarbons on continental Argentina and in the South Atlantic, revealed Beijing's new ambassador in Buenos Aires Zeng Gang. He also said that talks for a possible joint undertaking offshore with Argentina's oil corporation Enarsa are also advancing.