Energy & Oil

• Friday, April 26th 2013 - 07:36 UTC

  Argentina industrial production down in March and in first quarter compared to 2012

  

  Argentina’s industrial output registered a 0.3% drop in March year-on-year, according to Indec the official statistics bureau. The report stated that the manufacturing activity climbed 1.5% compared to February and dropped 0.4% annually in the first three months.

• Thursday, April 25th 2013 - 06:00 UTC

  Maduro declares electricity ‘emergency’ and calls the Army in support

  

  President Nicolas Maduro's government declared a 90-day “emergency” in Venezuela's electricity sector this week to speed up infrastructure work and equipment imports needed to prevent politically-contentious power cuts.

• Thursday, April 25th 2013 - 05:46 UTC

  China to overtake US as main oil importer by 2014 says OPEC

  

  China is on course to overtake the US as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said in its monthly report.

• Wednesday, April 24th 2013 - 06:29 UTC

  Falkland Island's booming economy: request to develop two 200-bed accommodations

  

  In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley two temporary 200-bed accommodations, according to the planning applications received.

• Wednesday, April 24th 2013 - 05:49 UTC

  Brazil to the rescue of the sugar-ethanol industry with lower taxes and soft credit

  

  The Brazilian government has come to the rescue of the sugar-ethanol industry announcing that as of next May first the mandatory content of ethanol in gasoline will increase from 20% to 25%, taxes on the sugar-cane fuel will be eliminated and there will be soft loans to keep expansion going.

• Saturday, April 20th 2013 - 06:13 UTC

  Brazil planning a 10% tax on revenue from nuclear power operations

  

  Brazil’s electricity producing nuclear plants, under the umbrella of Eletronuclear may face a 10% tax on revenue from its nuclear power operations as the country prepares to expand arrangements that target profits from oil and gas and its distribution among local governments.

• Friday, April 19th 2013 - 06:24 UTC

  Falkland Islands’ Sea Lion project will demand 5bn dollars and first oil is expected 2017

  

  UK independent oil and gas Premier Oil company said that the Falkland Islands Sea Lion project is one of their biggest operations undertaken to date involving an investment of 5 billion dollars with first oil expected sometime in 2017.

• Wednesday, April 17th 2013 - 07:47 UTC

  A year on YPF’s seizure, Argentina’s energy challenge remains equally strong

  

  Argentina’s President Cristina Fernández takeover of YPF to pare energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a report from Bloomberg.

• Tuesday, April 16th 2013 - 05:55 UTC

  ‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja

  

  One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.

• Monday, April 15th 2013 - 06:39 UTC

  Capriles won’t accept presidential result until “every vote is recounted, one by one”

  

  Denouncing election irregularities, Venezuelan opposition candidate Henrique Capriles Radonski demanded a recount and said early Monday that he will not recognize the country's presidential results ”until every vote is counted”. His comments came less than an hour after officials said the man former Venezuelan President Hugo Chavez handpicked to be his successor had won the country's presidential vote.