Energy & Oil

• Sunday, December 7th 2008 - 20:00 UTC

  Successful testing of natural gas strike in Chilean Patagonia

  

  Latinamerican oil and gas exploration and production company GeoPark Holdings Limited reported the successful testing of a natural gas well in Magallanes region, extreme south of Chile, with an initial output of 1.300 barrels of oil per day equivalent, boepd.

• Thursday, December 4th 2008 - 20:00 UTC

  Open letter to Argentines from new UK ambassador

  

  The new British ambassador in Argentina presented her credentials on Wednesday to Foreign Affairs minister Jorge Taiana and simultaneously published an open letter in the embassy's site saying how privileged she was to be in Buenos Aires underscoring the many coincidences between UK and Argentina. Her message included an implicit message on Falklands “there are differences of policy and opinion between the UK and Argentina on some important matters”.

• Wednesday, December 3rd 2008 - 20:00 UTC

  UN calls to prepare for disasters caused by climate change

  

  The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) today launched a campaign to raise awareness of the humanitarian implications of climate change, calling for improved disaster preparedness and response measures in countries that suffer most from extreme weather events.

• Wednesday, December 3rd 2008 - 20:00 UTC

  Argentina/Chile commemorate 1978 events in P. Arenas

  

  Argentine president Cristina Fernandez de Kirchner travels on Thursday to Punta Arenas, extreme south of Chile, for the commemoration of the 30th anniversary of the crucial papal intervention which defused a full fledged war between the neighbouring countries.

• Tuesday, December 2nd 2008 - 20:00 UTC

  Uruguay opens the River Plate for oil and gas exploration

  

  Leading oil companies from Brazil, Spain, Russia, UK and United States are participating of the three days “Uruguay Round” collecting data on oil and gas exploration prospects off shore Uruguay in the River Plate.

• Tuesday, December 2nd 2008 - 20:00 UTC

  Oil tumbles to 47 USD; call for Russia & Norway to join OPEC

  

  While oil skidded to its lowest level since May 2005 in New York on Tuesday, the head of OPEC (Organization of Petroleum Exporting Countries) said he hopes oil producing nations like Russia will join the organization, or at least agree to output cuts to help spark a rally in prices.

• Sunday, November 30th 2008 - 20:00 UTC

  OPEC divided over quota compliance and further cuts

  

  OPEC energy ministers decided on Saturday to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil. OPEC President Chakib Khelil said any such decision would be made at a meeting in Algeria next month.

• Saturday, November 29th 2008 - 20:00 UTC

  Paraguay pushing for a fairer deal with Brazil on energy

  

  Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.

• Thursday, November 27th 2008 - 20:00 UTC

  Slumping oil prices deepen rift among OPEC members

  

  Slumping oil prices are beginning to bite into the government budgets of many OPEC members generating different opinions regarding supply and price policies, according to the latest report from an oil energy investment dealer based in Calgary, Canada's oil capital.

• Wednesday, November 26th 2008 - 20:00 UTC

  Oil Co. completes benthic sampling in South Falkland basin

  

  Borders & Southern has completed its benthic sampling program within its South Falkland Basin licenses offshore the Falkland Islands, according to a report from the London based company released Wednesday.