Energy & Oil

• 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.

• Thursday, July 7th 2011 - 07:04 UTC

  Debate on the vulnerabilities that could condition the Brazilian economy mid term

  

  The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.

• Wednesday, July 6th 2011 - 22:51 UTC

  Australian airline to experiment with eucalyptus oil as aviation fuel

  

  A commercial scale plant supplying Virgin Australia with aviation fuel derived from eucalypt trees could be up and running by 2014, announced on Wednesday the airline. In conjunction with three partners a demonstration plant in Western Australia is planned for 2012 and fully operational facility within three years

• Wednesday, July 6th 2011 - 05:45 UTC

  YPF first well drilled in the Malvinas basin proves “dry”

  

  YPF Argentina reported Tuesday that its first offshore well drilled in the so called Malvinas basin proved dry. The operation was equally shared with Brazil’s Petrobras and Pan American Energy, a Chinese-Argentine group.