Energy & Oil

Wednesday, May 2nd 2007 - 21:00 UTC
Chavez completes re-nationalization of oil reserves

Venezuela took control of the Orinoco oil installations on May first completing the process of “re-nationalization” of the nation's oil reserves. President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves.
Wednesday, May 2nd 2007 - 21:00 UTC
Bolivia takes control of oil and gas industry

Bolivia's government owned energy company YPFB took control on Wednesday of the country's oil and gas industry after a dozen oil companies, including Repsol YPF SA, British Gas, Total and Petrobras signed new contracts today.
Tuesday, May 1st 2007 - 21:00 UTC
Venezuela Set To Gain Control Of Its Oil Fields

Venezuela's military might will be on full display on Tuesday as Hugo Chávez, the country's president and a former paratrooper, celebrates winning back Venezuela's natural resources in the oil-rich Orinoco for the people.
Monday, April 30th 2007 - 21:00 UTC
Desire Petroleum: pretax loss and no rig on sight

Desire Petroleum PLC swung to full-year pretax loss due to the strengthening of the pound against the dollar reported the company.
Sunday, April 29th 2007 - 21:00 UTC
Brazilian bio-ethanol for UK buses

London Mayor Ken Livingstone is about to start trials of London's first bus fuelled by bio-ethanol.
The Scania OmniCity double-decker will carry 81 passengers and be powered by ethanol made from Brazilian sugar cane.
Sunday, April 29th 2007 - 21:00 UTC
Chavez hopes to gradually sell off refineries in US

President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply
Saturday, April 28th 2007 - 21:00 UTC
Ecuador leader sides with Indians against oil giant

Ecuadorean President Rafael Correa went deep into the Amazon jungle to show his disdain for Chevron Corp., which is on trial in Ecuador for allegedly failing to clean up billions of gallons of toxic wastewater.
Tuesday, April 24th 2007 - 21:00 UTC
Cuba plans to become oil refined products exporter in 2008

A refurbished oil refinery set to begin production next December could turn Cuba from a net import dependent to an oil refined products exporters, according to the official press in Havana.
Tuesday, April 24th 2007 - 21:00 UTC
Uruguay has the highest fuel prices of the region

Uruguay with no oil or gas reserves has the highest fuel prices in Latinamerica, 1.35 US dollars for a liter of premium gasoline, not distant from those countries with the top values such as Holland where premium at the pump costs 1.91 US dollars a liter.
Tuesday, April 24th 2007 - 21:00 UTC
Telescope in Chile helps find Earth like planet outside solar system

Astronomers using a state of the art telescope in Chile have found the most Earth-like planet outside our Solar System to date, a world which could have water running on its surface.