Energy & Oil

• Tuesday, July 19th 2011 - 13:16 UTC

  Northeast Brazil invests in wind energy, operational by December 2012

  

  Denmark-based Vestas has secured an order from a consortium created by Brennand Energia and Companhia Hidro Eletrica do Sao Francisco in the north east of Brazil to supply turbines with a total capacity of 90MW for three wind energy projects.

• Tuesday, July 19th 2011 - 06:05 UTC

  Brazil to cut ethanol content in gasoline to ease pressure on sugar market

  

  Brazil will reduce the ethanol content in gasoline in another effort to contain inflation since sugar (and ethanol) prices because of a poor crop have been soaring, according to the Sao Paulo press.

• Tuesday, July 19th 2011 - 05:38 UTC

  Falklands’ third appraisal oil well results should be known by end of August

  

  Falklands’ Rockhopper Exploration, the oil and gas explorer, pressed ahead with its hunt for oil in the North Falklands with the drilling of its third appraisal well on the Sea Lion Discovery feature last week.

• Tuesday, July 19th 2011 - 05:12 UTC

  Paraguay wants Argentina to pay better prices for power from shared dam

  

  The presidency of the Paraguayan delegation at the Mercosur Parliament, Parlasur called on Argentina to improve the ‘reduced’ price it currently pays for surplus power from the shared hydroelectric dam of Yacyretá.

• Monday, July 18th 2011 - 10:28 UTC

  Hydrocarbons-rich province says Argentina has no need to import natural gas

  

  The governor of hydrocarbon-rich Neuquen Province wants to convince Argentina's government it can get all the natural gas it needs from Neuquen and doesn't need to spend billions to import the fuel from Qatar.

• Thursday, July 14th 2011 - 22:09 UTC

  Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

  

  Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

• Wednesday, July 13th 2011 - 01:42 UTC

  YPF joins the “oil rush” in Colombia, South America’s third producer

  

  YPF SA, Argentina's largest oil company, agreed to explore for oil with Canada’s Alange Energy Corp. in Colombia that is attracting investors as it become South America’s third largest producer of oil behind Venezuela and Brazil.

• Tuesday, July 12th 2011 - 15:37 UTC

  Argentina continues to block sale of Paraguayan power to Uruguay

  

  The sale of power from landlocked Paraguay to Uruguay continues to be delayed because Argentina has come up with more demands before it allows transmission through its grid, according to Paraguayan officials.

• Monday, July 11th 2011 - 18:12 UTC

  Euro-confidence crisis contagion reaches Italy and again attacks Spain

  

  European finance chiefs will consider how to dig Greece out of its financial hole just as markets batter the bonds of Spain and Italy, opening a new front in the debt crisis.

• Thursday, July 7th 2011 - 16:37 UTC

  Falklands Rockhopper contracts further drilling of four wells

  

  Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.