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Montevideo, March 29th 2024 - 01:34 UTC

Energy & Oil

  • Saturday, April 25th 2009 - 10:24 UTC

    Petrobras establishes new production records during March

    Brazil’s government managed oil and gas corporation Petrobras established in March new production records, according to a release from the company. The average oil and gas production last month reached 2,315,276 barrels of oil equivalent per day (boed), 9.5% more than a year ago and 3% above last month’s mark.

  • Sunday, April 19th 2009 - 05:39 UTC

    Huge LNG plant ready to open in Chile and cut Argentine dependency

    The Quintero project has included the installation of a sea terminal to receive LNG from tanker ships

    Chile is just months away from beginning operations at a huge Liquid Natural Gas (LNG) re-gasification plant that was first planned during the Ricardo Lagos administration. The 1.1 billion US dollars plant is located near the Region V coastal city of Quintero.

  • Wednesday, April 15th 2009 - 09:05 UTC

    Bolivia expects 17% oil tax and royalties revenue drop in 2009

    Bolivia is forecasting a 17% fall in its hydrocarbons tax and royalties revenues because of the fall in the international price of gas and oil sold to Argentina and Brazil according to official reports.

  • Wednesday, April 15th 2009 - 09:02 UTC

    Colombia to explore for oil offshore Brazil

    Colombian state-owned oil company Ecopetrol S.A. said Tuesday it signed an agreement with US-based Anadarko Petroleum Coporation to explore for crude oil off the coast of Brazil. Ecopetrol's subsidiary in Brazil will hold a 50% stake in block BMC-29, the company said in a statement.

  • Friday, April 10th 2009 - 05:49 UTC

    Brazil offers a billion USD in projects to compensate for Itaipu energy

    Pte Lugo (L) will discuss a new agreement with Pte. Lula at end of the month

    The Brazilian government is planning to offer a financing package worth one billion US dollars for industrial projects in Paraguay, local financial newspaper Valor Economico reported this week. According to the newspaper, which cited unnamed sources, the financing will be offered through Brazil's National Development Bank, or BNDES.

  • Wednesday, April 8th 2009 - 05:12 UTC

    Uruguay modifies bidding terms for offshore oil exploration

    The Uruguayan government has modified the bidding terms for offshore oil and gas exploration and exploitation, given the dramatic fall in oil prices and the deepening global economic crisis.

  • Wednesday, April 8th 2009 - 01:10 UTC

    Magallanes gas production reaches one million cubic metres per day

    Methanex plant at Punta Arenas

    Oil and gas company Geopark which operates in the extreme south of Chile announced this week it had reached a daily extraction of a million cubic metres of natural gas, equivalent to 20% of Chilean production, making her the country’s largest private producer.

  • Wednesday, April 8th 2009 - 00:30 UTC

    Huge mining project will turn Magallanes into Chile’s “coal region”

    A huge project involving 300 million US dollars for the exploitation of coal deposits in the extreme south Chilean Magallanes Region was officially presented in Punta Arenas this week by Energy Minister Marcelo Tokman and top officials from the two companies involved in the project.

  • Tuesday, April 7th 2009 - 12:49 UTC

    Venezuelan and Japan leaders agree to deepen ties

    Venezuela needs Japan's investment; Japan needs Venezuela's resources

    Japanese Prime Minister Taro Aso and Venezuelan President Hugo Chavez agreed Monday to deepen ties in energy, investment and trade, with Japanese companies ready to participate in gas and crude production in the Latin American country.

  • Tuesday, April 7th 2009 - 11:47 UTC

    Petrobras and Repsol agree to develop oil and gas off Santos

    The consortium formed by Brazil’s government managed oil and corporation Petrobras (63%, operator) and Spain’s Repsol (37%) has delivered a Declaration of Commercial Viability for a light oil and gas discovery made in reservoirs located above the salt layer, in block BM-S-7, in the Santos Basin.