Energy & Oil

• Friday, November 27th 2009 - 05:19 UTC

  Spain’s Repsol only interested in selling minority stake in YPF

  

  Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.

• Wednesday, November 25th 2009 - 10:05 UTC

  Oil rig “Ocean Guardian” leaves on 62-day journey to the Falklands

  

  A tug boat is to haul a North Sea oil and gas exploration rig from a Highlands deep water port on a 62-day journey to the Falkland Islands. The “Ocean Guardian” rig will be used by Desire Petroleum to explore reserves in the North Falkland Basin.

• Tuesday, November 24th 2009 - 12:57 UTC

  Boeing 747 flies an engine with 50% bio-kerosene mix

  

  A Boeing 747, one of four engines powered by a 50% bio-kerosene mix, circled the Netherlands for an hour on Monday for what airline KLM called the world's first passenger flight using bio-fuel.

• Thursday, November 19th 2009 - 13:08 UTC

  BG Group plans to invest 20 billion USD to develop oil and gas in Brazil

  

  The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.

• Tuesday, November 17th 2009 - 01:02 UTC

  Repsol cutting EP investment plans to reduce costs

  

  Repsol-YPF, Spain’s biggest oil company cut its five-year exploration and production investment plan to reduce costs as the economic slowdown saps earnings. Repsol will invest an estimated 8.76 billion Euros in E&P from 2008 through 2012, down from an earlier plan to spend 9.3 billion Euros, the Madrid-based company announced Monday.

• Saturday, November 14th 2009 - 13:54 UTC

  Lula da Silva orders in-depth investigation into the massive blackout

  

  Brazilian president Lula da Silva revealed Friday he had ordered all government offices linked to the power industry, an in depth investigation into the Tuesday blackout which he described as a “national disaster”.

• Saturday, November 14th 2009 - 13:44 UTC

  US trade deficit widens fuelled by auto and oil imports

  

  United States trade deficit widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s.

• Saturday, November 14th 2009 - 13:05 UTC

  Chile ready to begin pumping natural gas into Argentina

  

  The Chilean government set up the legal framework allowing the export of re-gasified natural gas to Argentina over existing gas pipelines, as well as to other countries of the region following the inauguration of facilities in central Chile, reports Santiago’s La Tercera.

• Saturday, November 14th 2009 - 05:47 UTC

  Euro zone “technically” emerges from recession in third quarter

  

  The 16-strong group of nations in the Euro-zone has “technically” emerged from recession, official figures show. European countries using the single currency grew their collective economy 0.4% in the third quarter.

• Friday, November 13th 2009 - 01:08 UTC

  Gibraltar Chief Minister upbeat about economic prospects for 2010

  

  Gibraltar is not just having a relatively good level of economic activity during global recession and financial crisis, but is further positioning itself well to move into a significant new growth phase when the global economy and markets recover.