Energy & Oil

• 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.

• Saturday, February 26th 2011 - 02:54 UTC

  Uruguay and Argentina agree to build floating re-gasification plant

  

  Uruguay and Argentina signed on Friday an agreement to build a re-gasification plant for liquid natural gas to help meet their energy needs. The floating re-gasification plant will supply the two nations with 10 million cubic meters a day of natural gas, scalable to 15 million, starting in 2013 according to an official statement.

• Friday, February 25th 2011 - 21:29 UTC

  China Sinopec completes take over of US Occidental Petroleum assets in Argentina

  

  China Petrochemical Group (Sinopec), China's largest oil refiner announced this week that U.S. Occidental Petroleum Corp. (NYSE:OXY) had completed handing over its Argentinean assets to it.

• Friday, February 25th 2011 - 06:33 UTC

  China will participate in Brazil’s next oil and gas bidding round

  

  China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.

• Friday, February 25th 2011 - 06:23 UTC

  Repsol-YPF doubles profits; targets Brazil’s new fields instead of Argentina

  

  Repsol-YPF, Spain’s biggest oil company, said fourth-quarter profit more than doubled after refining margins improved and crude prices increased. Profit adjusted to exclude inventories and one-time items climbed to 499 million Euros from 241 million Euros a year earlier, the Madrid-based company said on Thursday.