Energy & Oil

Monday, February 9th 2009 - 20:00 UTC
Germany changes economic helmsman in the middle of storm

Karl-Theodor zu Guttenberg is to become Germany's new economy minister, following the surprise resignation of his predecessor Michael Glos. Mr Zu Guttenberg has been proposed by his party, the Bavarian-based Christian Social Union (CSU), and his appointment is due to be a formality. At 37-years-old, he will become the youngest ever person to fill the role.
Monday, February 9th 2009 - 20:00 UTC
OPEC calls for full compliance with agreed supply cuts

The oil cartel OPEC is willing to cut crude output further at a meeting in March, the group's secretary-general said on Monday in London. But he also underlined he would like to see full compliance of members with existing curbs first.
Monday, February 9th 2009 - 20:00 UTC
Russia temporarily bans beef imports from several suppliers

Russia announced it was temporarily suspending beef imports from United States, Canada, Uruguay, Byelorussia and Ukraine because “banned noxious substances” had been detected in some shipments.
Sunday, February 8th 2009 - 20:00 UTC
Petrobras elected leading ethical oil and gas company

Brazil's government managed oil and Petrobras was elected the leading ethical reputation multinational enterprise by Geneva-based Covalence Ethical Ranking 2008.
Saturday, February 7th 2009 - 20:00 UTC
Reviving the damaged financial system

Restoring financial health will require a three-pronged approach, involving the continued provision of ample liquidity and term funding support from central banks, dealing promptly and aggressively with distressed assets, and recapitalizing viable institutions with public funds.
Friday, February 6th 2009 - 20:00 UTC
Repsol in significant oil discovery in Gulf of Mexico

Repsol has made a significant new oil find in the deepwater area of the Gulf of Mexico, in US waters. The discovery was made in the Buckskin well in Keathley Canyon, 300 kilometres offshore Houston.
Tuesday, February 3rd 2009 - 20:00 UTC
Coal and oil will make Magallanes “Chile's energy centre”

Magallanes region in the extreme south of Chile is becoming the “energy centre of the country” based primarily on the development of coal resources and the exploration for hydrocarbons said Chile's National Energy Commission president Marcelo Tokman.
Thursday, January 29th 2009 - 20:00 UTC
South Georgia turns self sufficient with hydro energy

Since last mid December South Georgia's two settlements Grytviken and King Edward Point (KEP) have been powered by hydro electricity reports the South Georgia Island Newsletter.
Monday, January 26th 2009 - 20:00 UTC
Brazilian-made oil semi-sub platform begins production

Brazil's government managed oil and corporation Petrobras announced that the first semi-submersible platform built entirely in Brazil, went on stream Sunday, beginning the production of well MLS-99, in the Marlim Sul field, in the Campos Basin.
Monday, January 26th 2009 - 20:00 UTC
Petrobras/Repsol strike gas in Santos basin shallow waters

The Consortium formed by Brazil's government managed oil and gas corporation Petrobras and Spain's Repsol announced the discovery of a “thick column of natural gas” in the offshore Santos basin, southeast of Brazil.