Energy & Oil

• Wednesday, January 11th 2012 - 06:27 UTC

  Brazil runs the risk of becoming highly dependent on natural-resources exports

  

  A leading Brazilian economist Edmar Bacha, one of the architects behind the 1994 Plan Real to stabilize Latin America’s largest economy said the country was at risk of becoming entirely dependent on natural resources exports and urged greater savings to invest in diversification.

• Wednesday, January 11th 2012 - 06:22 UTC

  Argentina says no change in Mercosur decision to bar Falklands’ flagged vessels

  

  Argentina in two brief statements said on Tuesday that there has been no change in Mercosur members’ position to bar Falklands’ flagged vessels from the region’s ports and that the United Kingdom admits that such policy has become effective.

• Tuesday, January 10th 2012 - 21:09 UTC

  Falklands’ “black gold rush” means a decade of big money, with or without oil

  

  Thirty years after the Falkland Islands conflict, the South Atlantic Islands are the focus of a “black gold rush” as a string of exploration companies seek to be the first to find commercially viable reserves in the region, writes the London Express City & Business.

• Tuesday, January 10th 2012 - 06:02 UTC

  Rockhopper ends Faklands’ 2010/11 exploration round with three oil discoveries

  

  Rockhopper Exploration announced Monday that it has completed its successful round of drillings in Falkland Islands waters with the Ocean Guardian rig.

• Tuesday, January 10th 2012 - 05:53 UTC

  Chavez and Ahmadinejad mock 'US imperialism' and joke about having an atomic bomb

  

  Iranian President Mahmoud Ahmadinejad and Venezuela's Hugo Chávez lavished each other with praise on Monday, mocked US disapproval and joked about having an atomic bomb at their disposal.

• Tuesday, January 10th 2012 - 05:48 UTC

  Brazil to build five new dams in the Amazon but with “oil-rigs” technology

  

  Brazilian president Dilma Rousseff signed the decree for the construction of five new hydroelectric dams in the Amazon basin and readies for a renewed attack from domestic and international environmentalists against the project.

• Sunday, January 8th 2012 - 05:36 UTC

  Uruguay and Argentina among the ten countries worldwide with highest inflation

  

  Inflation in Uruguay was not only far above target domestically but also figures among the ten highest in the world, and in Latam only behind Argentina and Venezuela

• Sunday, January 8th 2012 - 05:31 UTC

  Excellent press and forecast for Falklands’ Rockhopper Exploration oil prospect

  

  Investment banking heavyweight Credit Suisse has initiated coverage of Rockhopper Exploration with a bullish assessment of prospects for the Falklands–focused firm, reports Proactive Investors UK.

• Friday, January 6th 2012 - 06:52 UTC

  YPF finds oil south of Mendoza; source estimated in 40 billion barrels

  

  Energy company YPF announced the finding of conventional oil at the Cuenca Neuquina, in the Chachahuén bloc, at the Southern area of Mendoza province, that is equivalent to 40 million barrels.

• Thursday, January 5th 2012 - 05:33 UTC

  In a decade Brazil must increase power generating capacity by 56%

  

  Brazil must expand electricity production over the next decade by an amount equivalent to the power generated by three Itaipú hydroelectric dams, according to a study released Wednesday by the state-run Energy Research Corporation, EPE.