Energy & Oil

• Wednesday, September 12th 2007 - 21:00 UTC

  OECD joins global bio-fuels and “food vs fuel” debate

  

  A report on the impact of bio-fuels suggests that bio-fuels championed for reducing energy reliance, boosting farm revenues and helping fight climate change, may in fact hurt the environment and push up food prices.

• Tuesday, September 11th 2007 - 21:00 UTC

  Opec summit debate a limited production increase in Vienna

  

  World oil prices threatened to hit a new high today ahead of a crunch meeting between the Opec oil-producing states where they will decide on whether to increase production.

• Tuesday, September 11th 2007 - 21:00 UTC

  Falklands: Rockhopper receives 3-D survey data

  

  Rockhopper Exploration Plc received the final processed volume of 3-D data collected by CGG between November 2006 and January 2007.

• Tuesday, September 11th 2007 - 21:00 UTC

  Oil corporations and Bolivia agree on investment program

  

  Bolivia announced this week foreign energy corporations have promised to invest more than 580 million US dollars in 2007, about three times more than last year. The announcement comes a month after President Evo Morales threatened the industry with ignoring contracts if they were not committed to investing in Bolivia.

• Tuesday, September 11th 2007 - 21:00 UTC

  Petrobras exploration priorities: Gulf of Mexico and Argentina

  Brazil' government managed oil corporation Petrobras announced international investments totaling 15 billion US dollars in the 2008/2012 period, most of which in exploration and production in the Gulf of Mexico, Argentina and Western Africa.

• Tuesday, September 11th 2007 - 21:00 UTC

  Russian exporters propose international “grain OPEC”

  

  With global grain prices reaching record levels the idea of an international “Grain OPEC” is floating again in the air and under consideration in a Moscow conference. Russia is one of the world's leading producers and exporters of cereals.

• Tuesday, September 11th 2007 - 21:00 UTC

  OPEC agrees to half a million bpd oil production hike

  

  The Organization of Petroleum Exporting Countries (OPEC) agreed to increase oil production by 500.000 barrels per day from November first, Qatar's Energy Minister announced at the 145th OPEC session Tuesday in Vienna.

• Thursday, September 6th 2007 - 21:00 UTC

  President Bush presses China on the Yuan and trade relations

  

  United States president George Bush again pressed on his Chinese counterpart Hu Jintao the need for continuous steps to achieve a free floating Yuan, which would help to address the widening US trade deficit with China.

• Wednesday, September 5th 2007 - 21:00 UTC

  Argentine gas cuts limit Punta Arenas methanol plant

  

  Canada's Methanex Corporation said Wednesday that the provision of Argentine natural gas for its methanol plants in the extreme south of Chile remains limited in spite of the fact that the “technical problems” alleged by suppliers have been solved.

• Friday, August 31st 2007 - 21:00 UTC

  Exxon plans to leave Argentina; Shell claims “discrimination”

  

  ExxonMobil is working with J.P. Morgan to sell its assets in Argentina including hundreds of service stations and a 200 million US dollars refinery, according to reports in the Buenos Aires press. Fuel companies in Argentina are operating under heavy government intervention.