Energy & Oil

• Friday, July 13th 2012 - 23:46 UTC

  Rousseff pledges to prop the economy but with no EU-style austerity measures

  

  Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.

• Friday, July 13th 2012 - 06:52 UTC

  The Argentine government moves into the power distribution sector

  

  Argentina's government appointed an “observer” Thursday to oversee business operations at the power distributor Edesur SA, after the company reportedly failed to make a payment to a regulatory company.

• Thursday, July 12th 2012 - 19:36 UTC

  Rockhopper signs a billion dollars deal to develop Falklands’ oil discovery

  

  Britain's Premier Oil announced on Thursday a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands.

• Thursday, July 12th 2012 - 06:57 UTC

  China cuts retail fuel prices 5%, the third cut in two months

  

  China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the first time in three years in April.

• Wednesday, July 11th 2012 - 19:35 UTC

  OPEC lowers world oil demand forecast for next year

  

  The Organization of the Petroleum Exporting Countries, left its forecast for 2012 growth in world oil demand unchanged at 0.9 million barrels a day, saying it expects growth to slow to 0.8 million barrels a day in 2013 due to a continuing global economic slowdown.

• Saturday, July 7th 2012 - 01:11 UTC

  “Collusion” much to do with Japan’s Fukushima nuclear crisis, says expert panel

  

  Japan's Fukushima nuclear crisis was a preventable disaster resulting from “collusion” among the government, regulators and the plant operator, an expert panel said, wrapping up an inquiry into the worst nuclear accident in 25 years.

• Friday, July 6th 2012 - 15:59 UTC

  Falklands’ farms helped with wool prices rapidly moving to wind energy

  

  Electricity generated from wind is spreading across the Falkland Islands with two large farms Goose Green and Fitzroy preparing to be the next to have turbines, inverters and batteries installed.

• Thursday, July 5th 2012 - 22:40 UTC

  Brazil oil and gas production reached 2.78 million barrels equivalent per day

  

  Brazilian oil and natural gas output rose 1.89% in May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.

• Saturday, June 30th 2012 - 05:05 UTC

  Mercosur agrees info exchange on hydrocarbons naval traffic to the Falklands

  

  Mercosur agreed at the Mendoza summit to exchange information on ships and other “naval artefacts” involved in hydrocarbons activities with routes that include the Falklands/Malvinas Islands over which Argentina claims sovereignty.

• Saturday, June 30th 2012 - 03:59 UTC

  YPF stock trades normally at NYSE after complying with requirements

  

  Argentine seized YPF energy company informed on Friday that its American Depositary Shares (ADS) were listed back in to trade in New York after being de-listed for almost two months for not complying with auditory regulations.