Energy & Oil

• Saturday, March 5th 2011 - 07:21 UTC

  Energy prices for Chilean business the highest in three years

  

  The cost of producing energy keeps going up in Chile, as the drought in the north drags on and the international price of petroleum increases.

• Friday, March 4th 2011 - 06:04 UTC

  Green light for the construction of the world’s third largest dam in Brazil

  

  A Brazilian court on Thursday lifted an order that suspended construction of the massive but controversial Belo Monte hydroelectric plant in the Amazon rain forest, a project expected to face barrage of lawsuits by environmental critics.

• Friday, March 4th 2011 - 05:59 UTC

  Geithner argues growth in China, India, Brazil are boosting US exports

  

  Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.

• Friday, March 4th 2011 - 01:31 UTC

  Bolivia signs gas exploration agreements with Petrobras and Repsol

  

  Bolivia's state-owned oil company YPF Bolivianos said this week that it has signed oil and gas exploration agreements with Brazil's Petrobras and Spain's Repsol.

• Wednesday, March 2nd 2011 - 03:47 UTC

  Chile and France sign deal for development of uranium

  

  Chile and France on Saturday signed a deal promoting the exploration and development of uranium. The deal between the state-owned Codelco (copper mining company) formalizes France’s ability to source minerals, including uranium, from Chile’s mining sector.

• Tuesday, March 1st 2011 - 06:25 UTC

  Most Libyan oilfields no longer under control of Gadaffi

  

  Most of Libya's oilfields are no longer under control of Libyan leader Colonel Muammar Gaddafi, the European Union's energy commissioner said on Monday.

• Tuesday, March 1st 2011 - 06:20 UTC

  Oil prices fall slightly Monday as Saudis confirm they are covering Libyan gap

  

  Oil prices fell on Monday in ‘choppy’ trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed investors to pause after Libya's turmoil sent prices to two and half year peaks last week.

• Sunday, February 27th 2011 - 23:08 UTC

  ANCAP contracts 50.000 km areo-magnetic survey of the Uruguayan offshore

  

  Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.

• Saturday, February 26th 2011 - 06:02 UTC

  Brazilian judge blocks plans to build world’s third largest dam in the Amazon

  

  A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.

• Saturday, February 26th 2011 - 05:54 UTC

  Petrobras posts record net profit in 2010: 20 billion US dollars

  

  Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.