Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects.
Venezuelans have received 2010 with the announcement of an extremely severe power-saving program forcing all shopping malls, bars, restaurants, discos and cinemas to close business several hours a day.
An unusual visitor to the Falkland Islands last week was the Prins der Nederlanden, which anchored in Port William for the second time to receive fuel, reports the local Penguin News.
Argentina's YPF, the local unit of Spanish oil major Repsol, said on Tuesday it would explore for oil and natural gas in the Falkland/Malvinas Islands basin as part of a five-year exploration program.
Two leading Greek banks, Eurobank and Alphabank, have had their credit ratings downgraded by ratings agency Standard and Poor's while the European Central Bank said there will be no bail out for debt-stricken member states.
Higher petrol prices in the United Kingdom pushed inflation upward for the second month in a row in November, official figures have revealed. The Consumer Prices Index (CPI) rose to 1.9% last month from 1.5% in October, said the Office for National Statistics (ONS).
Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity
US oil giant Exxon Mobil is buying natural gas producer XTO Energy in a deal worth 41 billion US dollars. XTO Energy, based in Texas, is an on-shore natural gas producer. The deal includes 10 billion of debt from XTO.
Chile’s opposition presidential candidate Sebastián Piñera is open to discuss the proposal from Falkland Oil and Gas Ltd, FOGL, for Chile’s national oil corporation to explore for oil in Falkland Islands waters, if he wins the elections next Sunday or in the January run off, according to Lower House member Marcelo Forni.
Chile reaffirmed Thursday that the country’s oil corporation Enap has no plans or prospects of exploring for oil in the Malvinas Islands maritime territory or any form of association with Falkland Oil and Gas Limited.